Page 4 - Electronics

Philips eyes strong double-digit growth as India nears top-five market spot

Philips is expecting double-digit growth in the short to mid-term in India, a "key market" for the Dutch multinational, a top company official said on Tuesday. India has the potential to come into its top five markets over the next five years, helped by the double-digit CAGR growth here, said Vidyut Kaul, Head of Personal Health, Philips Growth Region (JAPAC, ISC, META & LATAM). The company is encouraging domestic sourcing not only for the local markets but also for its global markets, he added. "We have committed to India being the key market, and we have been both for personal health products as well as our med tech products. We do a lot of sourcing out of India. So, that continues with the ambition. So, we continue to look at opportunities to scale back," Kaul told PTI. In India, Philips operates in the personal health business, including the beauty and grooming segment, where it has various products like hair dryers, hair straighteners, hair brushes, beard trimmers etc. Its ...

Electronics & semiconductor body names Ruchir Dixit as chairperson

India Electronics and Semiconductor Association (IESA) on Monday announced a new Executive Council and named Ruchir Dixit as its Chairperson for FY2025-26. IESA is an industry body for the Electronics System Design and Manufacturing sector in India. "India Electronics and Semiconductor Association announces new Executive Council, Ruchir Dixit Named as Chairperson for FY2025-26," IESA said in a release. Six new leaders were elected to the Executive Council, including Akshay Aggarwal, Senior Director of Engineering at MediaTech; Hemang Shah, Senior Director Government Affairs at Applied Materials; Pradeep Kumar Vajram, Managing Partner at 7Rays; Raghu Panicker, Chief Executive Officer of Kaynes SemiCon; Sundeep Gupta, MD India & VP Central R&D at Alphawave Semi, and Vivek Tyagi, Managing Director of Sales at Analog Devices. "Continuing EC members from last year are Navin Bishnoi (Elected as Vice Chairperson), Rajeev Khushu, Sanjeev Keskar (Elected as Treasurer), Veerappan VV ...

Dixon to make electronic components; Tata Electronics may invest Rs 2K cr

Electronics manufacturing services company Dixon Technologies will foray into the electronics component manufacturing space and use them for captive requirements before looking at exports, a senior company official said. According to sources, Tata Electronics is likely to invest Rs 2,000 crore for electronics components manufacturing under the Rs 23,000 crore incentive scheme launched by the government. Tata Electronics declined to comment on the query sent in this regard. Talking about the electronics component manufacturing scheme (ECMS) Dixon CEO Atul Lal said electronics component is the next phase of growth for the company. "We have already rolled out a project for display modules. We are evaluating various other component categories like camera modules, mechanical enclosures and also lithium ion batteries. So we are seriously evaluating and we will be deeply participating in ECMS," Lal said. He said initially the components will be produced for captive usage and will be expa

Tamil Nadu claims 41% share as electronics exports surge 53 % to new high

Tamil Nadu has achieved a "historic high" of USD 14.65 billion in electronics exports for the financial year 202425, up by 53 per cent over the same period of the previous financial year, Industries Minister T R B Rajaa said on Wednesday. The USD 14.65 billion accounts for 41.23 per cent of India's total electronics exports, he said. In the previous financial year (FY 202324), Tamil Nadu recorded USD 9.56 billion in electronics expost, Rajaa said in a social media post. Karnataka came second with total electronics exports of USD 7.85 billion, about 22.09 per cent of India's overall electronics exports. "That's Tamil Nadu, under the Dravidian Model of governance of our Chief Minister, M K Stalin. This is just the beginning. USD 100 billion in electronics exports, here we come," he said. Uttar Pradesh secured the third rank with USD 5.26 billion in electronics exports, followed by Maharashtra with USD 3.51 billion, Gujarat with USD 1.85 billion, Telangana with USD 641.56 million, a

Tamil Nadu tops electronics exports driven by Apple; up 53% in FY25

This comes after the state posted a 78 per cent increase in exports last year, from $5.37 billion in 2022-23

Ringing loud: Electronics climbs to third spot on India's export ladder

From fifth place in FY24 to now a pharma, gems and jewellery challenger

India-made electronics products being recognised globally: Ashwini Vaishnaw

India's electronics manufacturing and export have grown multi-fold in the last decade driven by policies and incentives, and the Made-in-India products now command global recognition given their reliability and respect for IP rights, Union Minister Ashwini Vaishnaw said on Friday. Inaugurating VVDN Technologies' SMT (Surface Mount Technology) Line at Manesar, the Minister noted that electronics manufacturing in India has risen 5-fold in the last decade topping Rs 11 lakh crore. Exports have grown 6 times during this period, crossing Rs 3.25 lakh crore. The entire ecosystem has spurred 25 lakh jobs, Vaishnaw, Minister for Electronics and IT said. "In global market, Indian products, given their reliability and respect for IP (intellectual property) rights, have an advantage, and it is being recognised globally," he said. India's design capabilities have paved the way for complex products - from AI cameras to automobile electronics and telecom network equipment to power electronics -

Mivi eyes Rs 1K cr revenue in FY26 with expansion plans, geographic scaling

Mivi, a Hyderabad-based consumer electronics brand, has set an ambitious Rs 1,000 crore revenue target for FY26, driven by a strategic blueprint including product category expansion, broader geographic reach, a new manufacturing facility, and enhanced marketing strategies. Mivi, which employs over 1,500 people, clocked over Rs 300 crore in revenue in FY25. In an interview to PTI, Mivi co-founders Midhula Devabhaktuni and Viswanadh Kandula outlined Mivi's multi-pronged roadmap for growth, with plans to venture into new categories such as IoT devices, smart wearables, smart CCTVs and speakers alongside bolstering its existing audio and mobile accessory offerings. "FY26 is going to be an amazing year for the brand. We are targeting a revenue of Rs 1,000 crore, which will be a huge jump. We are targeting a good amount of that revenue to come from the existing categories, but we are also going to expand into other categories. "Mivi AI is a platform that we have developed. The category t

Govt working on 25 chipsets with Indian IPR to fight cyberattacks: Vaishnaw

Vaishnaw unravels the action on the ground and the move towards localisation

Rs 23K crore electronics PLI scheme set to be rolled out in 3 weeks

The scheme is likely to be operationalised in the next 2-3 weeks

RRP Electronics first Semiconductor company to export packaged semiconductors under Government of India's Semiconductor Mission

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Tata Group appoints Shibashish Roy as MD & CEO of Croma from April 1

Roy has helped expand Croma's market presence and improve its customer service approach across different sales channels

Cabinet clears Rs 22,919 crore PLI scheme for passive electronic components

The Union Cabinet on Friday approved a production-linked incentive scheme for passive or non-semiconductor electronics components with an outlay of Rs 22,919 crore, Union Electronics and IT Minister Ashwini Vaishnaw said. It is the first scheme that focuses on promoting the manufacturing of passive electronic components. The minister said that the scheme will create direct employment for 91,600 people and attract investment of around Rs 59,350 crore. "Passive components are approved under the Electronics Component PLI scheme. It has a total package of Rs 22,919 crore. This will be over six years," Vaishnaw said. The minister said that that segment will serve the requirements of several sectors, including telecom, consumer electronics, automobile, medical devices, power sector etc. He said that the scheme is expected to lead to production of Rs 4.56 lakh crore. According to electronics component makers body Elcina, non-semiconductor components production in India was around USD 13

TN gets major PLI projects in electronics, automobile, says Sitharaman

Tamil Nadu has emerged as a key beneficiary under the Production-Linked Incentive (PLI) scheme, receiving a significant share of projects in the electronics and automobile sectors, Union Finance Minister Nirmala Sitharaman said. Addressing an event organised by Chennai Citizens' forum on Saturday evening, Sitharaman dismissed charges of the state government that the Centre has neglected Tamil Nadu in terms of funding. She said major 'big ticket' projects have been announced and are progressing at various stages of implementation across the State. "Tamil Nadu has been the largest beneficiary under the PLI- scheme in electronics, electronic parts and automobiles. Out of the 27 companies that have received approval from the Centre, 7 are based out of Tamil Nadu," the Union Minister of Finance and Corporate Affairs noted. Sitharaman highlighted that 25 per cent of the companies availing benefits from the PLI scheme are from the state, she said drawing applause from the audience at the

Hyperloop electronics tech to be built at ICF Chennai, announces Vaishnaw

Union Minister Ashwini Vaishnaw on Saturday announced that an electronics component technology for the ambitious Hyperloop project, developed by IIT-Madras, will be built at the Integral Coach Factory (ICF) in Chennai. After his visit to the Hyperloop testing facility at IIT Madras' Thaiyur campus, Vaishnaw, who holds the portfolios for Information and Broadcasting, Electronics and Information Technology, said the 410-meter-long Hyperloop test tube is the longest of its kind in Asia. The entire Hyperloop testing system has been developed using indigenous technologies, with encouraging results from the tests conducted so far. India is on the brink of introducing Hyperloop transportation, he added. Tutr Hyperloop, a deep-tech startup incubated at IIT Madras, is preparing to launch the world's first commercial Hyperloop project in India, aligned with the Centre's Atmanirbhar Bharat and Viksit Bharat 2047 goals. Vaishnaw congratulated the project team and said the Ministry of Railways

Electronics giant Foxconn forecasts strong Q1 revenue after profit miss

Foxconn, which also makes iPhones for Apple, booked an October-December net profit of T$46.33 billion ($1.41 billion), missing the T$54.4 billion average of 15 analyst estimates compiled by LSEG

BTA discussions: India eyes a bigger share of the US electronics market

In 2023, the share of US electronics imports from India was a mere 1.9 per cent of the $520 billion they imported. The total Indian electronics exports to the US was pegged at only $10 billion

Set up digital verification system before issuing QCOs to curb fraud: GTRI

The government should set up a centralized digital verification system before issuing new Quality Control Orders (QCOs) with an aim to prevent fraud and ensure the integrity of certification processes, think tank GTRI said on Monday. QCO's are issued to contain imports of low-quality products and protect consumers. The Global Trade Research Initiative (GTRI) claimed that India is facing a growing problem of sub-standard imports falsely claiming to have Bureau of Indian Standards (BIS) certification. These low-quality products enter the market with fake BIS labels, misleading consumers and bypassing safety and quality regulations, GTRI Founder Ajay Srivastava said. This issue is widespread in sectors like electronics, toys, construction materials, machinery, and consumer goods, all of which require BIS certification, he said. He said that the government before issuing QCOs for new products must set up an online system to prevent fraud and ensure integrity of the BIS certification a

Uttar Pradesh eyes Rs 70K cr investment in electronics, data centres

The investments will catalyse the 'Make in UP' and 'Brand UP' vision, a senior state government official said

Delta Electronics investing $500 million in India to expand presence

Taiwan-based Delta Electronics is investing USD 500 million, announced in 2015, under the government's Make in India initiative to expand its presence in the domestic market, a top company official said. The company, through its Indian arm has made significant investments since its entry into the domestic market in 2003, Benjamin Lin, President of Delta Electronics India said in a press conference at "Elecrama 2025", organised by IEEMA in Greater Noida. "India is a key market for Delta, and we are committed to driving its industrial and energy transformation with our advanced solutions. Our strategic investment in the Krishnagiri facility underscores our dedication to local innovation, manufacturing excellence, and sustainability," he told reporters. The company is in process of investing USD 500 million in India which also includes expansion of the Krishnagiri facility, according to a presentation made by Lin. "Through this investment, we aim to strengthen India's self-reliance in