Page 4 - Electronics

Dixon Tech, China's HKC form ₹370 cr JV for display module manufacturing

Domestic electronics contract manufacturer Dixon Technologies has formed a Rs 370 crore joint venture for display modules manufacturing with Chinese company HKC Overseas. The Dixon Technologies-HKC Overseas joint venture is for manufacturing and selling of LCD and TFT-LCD modules that are used in electronic devices like TV, mobile phones etc for display, a regulatory filing said on Saturday. "Dixon Technologies (India) Ltd has entered into a Term Sheet with HKC Corporation Ltd to form a joint venture for manufacturing of Liquid Crystal Modules, thin film transistor liquid crystal display modules, assembly of end products such as smartphones, TVs, monitors and auto displays and selling HKC branded end products in India," the filing said. HKC Overseas Ltd will acquire 26 per cent stake in Dixon Display Technologies Pvt Ltd (DDTPL) for USD 10.998 million, about Rs 95.5 crore and Dixon will acquire 74 per cent stake in the JV for USD 31.3 million, about Rs 274 crore in two tranches. "T

No additional tariffs by US on Indian pharma, electronics so far: Govt

The government on Tuesday said no additional tariffs have been imposed on Indian exports to the US in sectors like pharmaceuticals, and electronics so far. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said reciprocal tariff at the rate of 25 per cent has been imposed on certain goods exported from India to the US, effective August 7. It is estimated that around 55 per cent of the total value of India's merchandise exports to the US is subjected to this reciprocal tariff, he said, adding that additional ad valorem rate of duty of 25 per cent with effect from August 27 has been imposed on certain goods exported from India. "No additional tariffs have been imposed on Indian exports to the US in sectors like pharmaceuticals, and electronics as yet," Prasada said. He also said the government is engaged with all stakeholders, including exporters and industry, for taking feedback of their assessment of the impact from the reciprocal tariff

India's electronics exports surge 47% in Q1FY26, led by mobile phones

India's electronics exports rose 47% YoY to $12.4 bn in Q1FY26, driven by a 55% surge in mobile phone exports. ICEA expects FY26 exports to reach $46-50 bn

Boult becomes GoBoult, aiming for ₹1K cr sales and international expansion

Boult rebrands as GoBoult with an aim to target premium categories in wearables and hearables. The company plans international expansion and an IPO, despite production challenges

Industrial electronics vital to India's $500 bn manufacturing goal: ICEA

India Cellular and Electronics Association (ICEA) on Monday underlined the need for focusing on industrial and infrastructure electronics to achieve the USD 500 billion electronics manufacturing target by 2030-31. The future of India's electronics industry lies not only in the manufacturing of products, but equally in the manufacturing of goods that will automate factories, cities, and transportation networks, the industry body said in a release. Accordingly, ICEA said industrial electronics must be front and centre of India's electronics growth strategy. ICEA, in the release, called for "the urgent need to prioritise industrial and infrastructure electronics as a central pillar of India's USD 500 billion electronics manufacturing target by 2030-31". Pankaj Mohindroo, Chairman of ICEA, stressed that the industrial electronics segment must be recognised as a national strategic priority. "It is the brain and nervous system of every advanced manufacturing setup. Without leadership in

MCA to conduct a study on ex-ante regulations for digital markets

Ministry to invite proposals for a market study on ex ante digital regulations amid stakeholder concerns and inter-ministerial review

Andhra clears new ₹4,600 cr policy to boost electronic part manufacturing

Andhra Pradesh clears a Rs 4,600-cr Electronics Component Manufacturing Policy to attract investment and develop strategic hubs like Sri City, Hindupur, and Kopparthy

US' 25% tariff to hit iPhone exports, disrupt India's electronics shipments

Apple's iPhone export plans from India face setback as US imposes 25% tariff on all Indian goods

Govt open to idea of China joint ventures in electronics manufacturing

Meity allows Dixon-Longcheer venture

Govt gets ₹16,000 cr investment proposals under electronic component scheme

The government is learnt to have attracted investment proposals worth Rs 16,000 crore under the Electronics Component Manufacturing Scheme, according to sources. The government had opened applications for the Rs 22,805-crore electronics component manufacturing scheme (ECMS) on May 1. "Received proposals worth around Rs 16,000 crore under ECMS," an official source said. An industry body also confirmed the development, based on its discussion with government officials and industry players. According to the government source, the approval process has started and shortlisted projects are expected to be announced in September. "The scheme has received a good response from both domestic and foreign companies," the source said. Sources had earlier mentioned that Tata Electronics, Dixon Technologies, and Foxconn were among the big players that have shown interest in the scheme. Recently, Dixon signed separate agreements with Chinese electronic component firms -- Chongqing Yuhai Precisio

Mobile phone exports soar to ₹2 trillion, up 127 times in 10 years: Govt

Export of mobile phones from India increased by 127 times to reach Rs 2 lakh crore in the last 10 financial years, Parliament was informed on Wednesday. According to data shared by Minister of state for Electronics and IT Jitin Prasada in a written reply to Lok Sabha, the export of mobile phones "increased 127 times" from India from Rs 1,500 crore in 2014-15 to Rs 2 lakh crore in 2024-25. "The PLI Scheme for LSEM has already attracted a cumulative investment of INR 12,390 crore, led to a cumulative production of Rs 8,44,752 crore with exports of Rs 4,65,809 crore and generated additional employment of 1,30,330 (direct jobs) till Jun'25," the minister said. The production linked incentive (PLI) scheme for Large Scale Electronics Manufacturing was mainly meant for mobile phone manufacturing. The minister said that 75 per cent of the total mobile phone demand in the country was met through imports in 2014-15, which has now dropped to 0.02 per cent in 2024-25. "PLI Scheme for Large Sc

Electronics exports up 47% in April-June quarter, led by US, UAE, China

The Netherlands and Germany are other major export destinations for the country's electronics exports

India's electronics exports hit $40 bn, grow 8 times in 11 yrs: Vaishnaw

India's electronics exports have soared past USD 40 billion, marking an eight-fold growth over the last 11 years, Union Minister Ashwini Vaishnaw said on Saturday. He also highlighted that the domestic electronics production has gone up by six times. Addressing the 14th Convocation of IIT Hyderabad, near here, Vaishnaw also emphasised the rapid progress of India's first bullet train project, which is expected to become operational by August or September 2027. Looking ahead, he said the first Made in India chip, on a commercial scale, will be manufactured this year. He expressed confidence that India is on track to becoming one of the top five semiconductor nations in the world in the coming years, citing its increasing focus on capital equipment and the materials required for semiconductors. In just 11 years, we have increased our electronics production six times. That's a CAGR double digit which any corporate would be envious of. We have increased our exports eight times, crossed

Electronics push: Centre gets ₹8,000 cr proposals for components scheme

The scheme, which will run for six years starting from this financial year, started accepting applications for three months starting May 1

Shrinking profit margins hit popular 'Make in India' trade in electronics

As companies boost spending, some investors are questioning whether market demand is keeping pace with the flood of investments

World's first silicon-free computer proves potential for future replacement

Researchers have built a computer from scratch without silicon, a "milestone" in showing that it is possible to one day replace the material that fuelled the bulk of technology advancements over the past half a century, by making devices smaller and faster. Built at a nanofabrication unit at The Pennsylvania State University in the US, the research team has demonstrated the successful working of the world's first CMOS computer made using two-dimensional materials, which are paper-thin, but at the nano-level. It is described in a paper in the journal Nature. 'Complementary Metal-Oxide-Semiconductor', or CMOS, is widely used in designing electronic circuits. It consumes low power and accommodates more components. The development is acknowledged as pioneering and a starting point in creating not just alternatives to silicon, but a roadmap for a new generation of still smaller, more flexible electronics. Saptarshi Das, professor of engineering science and mechanics at the The Pennsylva

Govt to set up electronics manufacturing cluster worth ₹417 cr in Noida

The cluster will be developed by YEIDA over 200 acres and aims to attract ₹2,500 crore in investments while generating 15,000 jobs with plug-and-play infra for MSMEs and startups

21k jobs in audio electronics at risk due to China rare earth curbs: Elcina

Over 21,000 jobs are at risk in the country's audio electronics segment due to restrictions imposed by China on the export of rare earth metals, according to an estimate shared by industry body ELCINA with the government. In April, China implemented strict export licensing on rare earth elements like terbium and dysprosium which are key inputs for high-performance NdFeB (Neodymium-Iron-Boron) magnets used in consumer electronics. The country's oldest electronics industry body said that the move has disrupted global supply chains, hitting India's fast-growing hearables and wearables sector hard and the device makers are switching to import fully assembled speaker modules from China. "This creates a regressive trend-from component manufacturing back to finished good imports dependency. Over 5,000-6,000 direct jobs and 15,000 indirect jobs are at risk in speaker and audio component manufacturing especially in Noida and South India," Elcina stated in the report. Elcina estimates that t

Electronics Mart India shares soar 18%; sees record surge on heavy volumes

Electronics Mart India shares rose over 18 per cent to see the steepest rise ever amid heavy volumes

Dixon partners with Signify to form joint venture for lighting OEM business

Dixon Technologies and Signify India will jointly set up a new domestic entity to manufacture lighting products, with the transaction expected to close by November 30, 2025