Page 5 - Electronics

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

Ashwini Vaishnaw to launch IndiaAI portal, 10 firms to provide 14,000 GPUs

The Indian government has intensified efforts to develop a domestic artificial intelligence model, particularly in response to China's DeepSeek

First 'Made-in-India' chip to be launched by September-October: Vaishnaw

Tata Electronics, in partnership with Powerchip Semiconductor Manufacturing Corporation (PSMC), is making India's first semiconductor fab in Gujarat's Dholera

Firms hire global leaders as talent shortage hits Indian electronics sector

As India's electronics sector grows, companies like Dixon Technologies are recruiting global talent to fill leadership roles, offering high salaries amid a severe talent shortage

Budget 2025: Govt ups allocation for electronics PLIs, semicon, AI by 84%

The government has enhanced allocation for key technology projects, comprising production-linked incentives for mobile phones, IT hardware, semiconductor scheme and IndiaAI Mission, by about 84 per cent to Rs 18,000 crore for the next fiscal. The revised allocation for the key electronic sector project was around Rs 9,766 crore in the current financial year, according to the budget documents. The allocation for IndiaAI Mission has been increased by over 11 times to Rs 2,000 crore. The IndiaAI mission is spearheading development of the country's artificial intelligence ecosystem including providing financial support for compute infrastructure. The total allocation for Ministry of Electronics and IT has been raised by about 48 per cent to Rs 26,026.25 crore for 2025-26 against Rs 17,566.31 crore under the revised allocation for the current fiscal. The highest allocation of Rs 8,885 crore has been made for the production-linked incentive scheme for Large Scale Electronics Manufacturin

Less progress made in design, component mfg in electronics industry: Survey

Indigenous electronics production increased multifold in the last 10 years to reach Rs 9.52 lakh crore in 2023-24, the Economic Survey said, but pointed out that the industry has largely focused on assembly, making limited progress in design and component manufacturing. However, India's electronics market represents 4 per cent of the global market, the survey, which was tabled in Parliament on Friday, said. "Programmes such as Make in India and Digital India, along with improved infrastructure, ease of doing business, and various incentives, have boosted domestic manufacturing and drawn foreign investments. "However, India's electronics market represents 4 per cent of the global market. The industry has largely focused on assembly, with limited progress in design and component manufacturing," the survey said. According to the survey, domestic production of electronic goods has increased substantially from Rs 1.90 lakh crore in FY15 to Rs 9.52 lakh crore in FY24, registering a compo