Page 6 - Electronics

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

Zepto introduces instant returns, exchange feature for select products

Zepto has introduced an instant return and exchange option on its app for categories like electronics, apparel, toys, sports, and kitchenware

India's hiring up 31% in Dec, led by consumer electronics, manufacturing

India's hiring activity rose 31 per cent in December, driven by consumer electronics, manufacturing, and construction and engineering sectors, a report said on Wednesday. According to foundit insights tracker (fit), the country's hiring activity rose 12 per cent over the past six months, with a 31 per cent year-on-year increase in recruitment in December. The fit is a comprehensive monthly report analysing online job posting activity conducted by foundit.in. The report further said the growth in hiring is reflected across sectors, led by consumer electronics, manufacturing, and construction and engineering leading the charge with 60 per cent, 57 per cent, and 57 per cent YoY, respectively. Meanwhile, AI jobs in India surged 42 per cent over the past two years reaching 2,53,000 positions. Top skills include Python, AI/ML, data science, deep learning, SQL and software development. Additionally, expertise in specialised AI frameworks such as TensorFlow (15 per cent) and PyTorch (16 p

Global companies likely to be affected by Trump's promised tariffs

US automaker Tesla encouraged its Chinese suppliers to set up plants in Mexico in 2023 to mainly supply its planned factory in Mexico

Meity seeks 10K graphics processing units, receives offer for 20K

Its request, to build artificial-intelligence (AI) computing capacity, came on August 16 last year

Meity targets $500 bn electronics production by 2030 with detailed strategy

Meity is in the final stages of putting together a production linked incentives (PLI) scheme for electronic components

Appliances industry expects 15% growth in 2025 on back of premiumisation

The appliances and consumer electronics industry expects 10-15 per cent growth in 2025 on the back of premiumisation trend, which is driven by rising incomes, changing preferences towards energy-efficient, and connected products with innovative features such as AI and increasing desire for global quality products. The year 2024 was transformative for the industry, in which it bounced back despite challenges such as rising raw material costs, price hikes, and supply chain disruptions, and displayed resilience by embracing technology and innovation. The industry, which contributes 0.6 per cent of the GDP, is witnessing a transformative shift towards premiumisation, increasing the average sale price (ASP), driven by rising income, and young demography with changing preferences. Besides, factors such as a growing economy, urbanisation, real estate growth, and increasing penetration into smaller markets like tier-III cities and further, will also help the industry grow. "Looking ahead,

Electronics exports soar 28% in Apr-Nov of FY25, led by smartphone surge

Become fastest-growing among India's top-10 exports, take 3rd place

Commerce dept plans mega global meet to boost exports in six product areas

The meet comes against the backdrop of merchandise exports hitting a 25-month low in November amid continued geopolitical tensions as well as a decline in petroleum prices

Micromax, Taiwan's Phison join hands to design storage chipsets in India

Electronics company Micromax and Taiwan's storage chip company Phison have set up a joint venture, MiPhi, to design and manufacture artificial intelligence-enabled storage chipsets modules locally, a senior official of the Indian firm said. Micromax Informatics Co-Founder Rahul Sharma told PTI that the company has started production at its Noida facility. "Phison is a leader in NAND controller and NAND storage technologies. We have partnered with them to set up a joint venture in India in which Micromax will have 55 per cent stake and 45 per cent will be with Phison," Sharma said. He said that the firm will focus on designing storage chipsets for servers which is a very important element for any country from both security and strategic perspective. "With this venture, we aim to bring down the cost of GPU by one-tenth... the lowest per token cost in the world. This will help us in disrupting the AI landscape not only in India but also in specific agreed-upon regions," Sharma said.

Siemens Gamesa sells power electronics biz to ABB for undisclosed amount

Siemens Gamesa on Wednesday announced selling its power electronics business to ABB which includes assets in India for an undisclosed amount. The business designs and manufactures converters, inverters and control cabinets for wind, solar and storage industries, Siemens Energy said in a statement. The generators business of Gamesa Electric is not included in the agreement and remains with Siemens Gamesa, it said. "Siemens Gamesa has reached an agreement to sell its power electronics business to ABB. The agreement includes the transfer of around 400 employees, two manufacturing plants located in Spain, as well as additional assets in the US, China, India and Australia," the company said. As part of the transaction, both companies have entered a long-term collaboration agreement through which ABB will provide power electronics to Siemens Gamesa turbines, both onshore and offshore. The transaction is expected to be closed in the second half of 2025 and is subject to regulatory approv

Alibaba to sell intime department stores for $1 billion amid restructuring

The deal comes as Alibaba looks to shift focus from its dominance in China's retail sector to its core e-commerce and cloud operations

South Korean giant Daewoo's TV pricing strategy to focus on value

5% higher than Chinese, but 8-10% lower than Korean competitors