INDIA CELLULAR AND ELECTRONICS ASSOCIATION
Cyient sets up a new subsidiary for its semiconductor business
Cyient Ltd launched a semiconductor subsidiary focusing on ASIC design/manufacturing with a fabless model. Mr. Krishna Bodanapu anticipates a trillion-dollar market by 2030. Cyient DET/DLM drive growth. Key factors include India’s Rs 1.26 lakh crore semiconductor proposals, Micron's OSAT unit, and incentives. Semiconductors are crucial in defense, automotive, and telecom sectors.
India has deep expertise, scalability to become global player in semiconductor industry: IT secretary
Information Technology, secretary, S Krishnan said the government was helping industries to create the ecosystem to build the semiconductors. "The semiconductor industry is vital for the country and India has the talent, deep expertise and scalability to be a global player," Krishnan added.
Foxconn Chairman Young Liu to visit India this year
Foxconn Chairman Young Liu plans to visit India this year after receiving the Padma Bhushan from India Taipei Association. Honored for his contributions to India's economy, Liu highlighted Foxconn's significant investments, including expanding iPhone production and setting up a chip plant and EV manufacturing unit
OnePlus names Robin Liu as India CEO
The smartphone maker also reappointed Ramagopala Reddy as vice president for India region. He will be spearheading product strategy efforts. The reshuffle also saw Samrudh Pai, head of retail expansion, move on from the company.
India's high input tariffs stifle smartphone export growth, industry calls for reductions & policy changes in Budget 2024
Union Budget: India's efforts to increase smartphone exports through the production-linked incentive (PLI) scheme face challenges due to high tariffs on input parts and barriers for global firms entering its value chains. Despite the PLI scheme's success in boosting smartphone production beyond domestic demand, these tariffs, averaging 7.4%, are significantly higher than in competitor countries like China's bonded zones where tariffs are 0%.
Budget 2024: Tariffs, duties & nuisance tax - Here's what electronics industry wants from FM Nirmala Sitharaman
Budget 2024 Expectations: The electronics industry wants Finance Minister Nirmala Sitharaman to simplify tariff lines and streamline duties for sub-assemblies and input parts in the upcoming budget. They specifically call for reducing the current seven tariff slabs to three and eliminating nuisance tariffs of 2.5% on certain parts.
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Amrit Jiwan elected as new MAIT president
The Manufacturer's Association of Information Technology (MAIT) appointed Amrit Jiwan as president and aims to encourage domestic IT hardware manufacturing. They align with the New National Policy on Electronics and prioritize tax structuring stability for business growth under Jiwan's leadership.
Anti-dumping duty on PCBs hits IT hardware PLI beneficiaries
India imposed a 30% anti-dumping duty (ADD) on bare PCBs – an essential component in any electronics product – for five years in March on the commerce ministry’s recommendations following complaints from six local PCB makers, represented by the Indian Printed Circuit Association, over cheap inbound shipments from China and Hong Kong.
Industry executives a worried lot: Why India-China tensions are equal to a big headache for electronics makers
Indian electronics manufacturers have suffered $15 billion in production losses and 100,000 job cuts due to escalating tensions with China. Visa delays for Chinese executives are hindering the industry's expansion plans, leading to a $10 billion export opportunity loss and $2 billion in value addition loss. Government probes into Chinese companies operating in India have further impacted the sector.
Electronics cos charged up for big revenue boost, set to double revenues to $55 billion by FY2027
India's EMS industry revenues are projected to double to $55 billion by FY27, driven by local component sourcing. Apple, Samsung, Lenovo, and other global firms are set to expand operations in India.
DRI clarifies 10% import duty on component imports, huge relief to industry
The Department of Revenue Intelligence (DRI) has clarified that components attached to the display assembly of mobile phones will attract a combined import duty of 10%, resolving a long-standing ambiguity. This decision affects parts like SIM sockets, side keys, and antennas when included in display assembly kits. This clarification, supported by the Ministry of Electronics and IT and the Prime Minister’s Office, aims to reduce litigation and confusion among manufacturers, customs officers, and the industry since the 2020 imposition of a 10% duty. The move is expected to aid the growth of the mobile phone manufacturing sector in India.
AC sales may touch new record of 14 million units annual sales in 2024: CEAMA
The blistering heatwave has driven record demand for room air-conditioners, with expected annual sales of around 14 million units, says the Consumer Electronics and Appliances Manufacturers Association (CEAMA). May saw record-breaking AC sales, with projections of 30-40% growth in summer. Energy-efficient models and indigenous manufacturing contribute to the market's robust expansion.
Election Result 2024: What are EVMs, VVPAT and the controversy related to it?
Ahead of the Lok Sabha election results, the INDIA alliance urges the Election Commission to prioritize the counting of postal ballots over EVM votes. The controversy over EVMs and VVPATs resurfaces with demands for increased cross-verification. VVPAT machines provide visual verification of votes cast, enhancing transparency in elections.
As retail sales growth slow, retailers to cut deep discounts to drive profits
Retailers like Aditya Birla Fashion and Retail, Arvind, and V-Mart are avoiding deep discounts to boost profits. Madura Fashion reduced discounts by 500 basis points in the previous fiscal year to drive profitable growth. Madura Fashion manages brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England
Listen closely: From Google smart speakers to Paytm soundboxes, these businesses are thriving in manufacturing
Making for others can be more lucrative than building a brand for themselves — this realisation has created a brigade of small contract manufacturers who are making India’s place prominent in the global electronics manufacturing services map.
Why imports from China are rising despite atmanirbhar Bharat initiatives
Imports from China is something India should monitor. But in some ways, this might be the way for the country to become a self-reliant economy.
Telecom service providers seek urgent intervention from DoT to curb rising equipment theft
Telecom service providers in India are facing a surge in theft of critical equipment, disrupting services and causing financial losses. This has prompted Lt. Gen. Dr SP Kochhar to urgently appeal to the Department of Telecommunications. The thefts mainly target Remote Radio Units and Baseband Units. Specific regions like Delhi NCR, Rajasthan, and Tamil Nadu are heavily impacted. Stolen equipment is rarely recovered, leading to service outages and legal challenges.
DoT dials cops to stop network gear theft
The Department of Telecommunications (DoT) has issued a directive to tackle rampant theft of critical network gear causing Rs 800 crore losses for telcos, disrupting 4G/5G expansions and affecting mobile coverage quality.
Electronics companies seek Rs 35,000-crore incentive plan for components
"The incentive scheme is needed to support growing demand for electronics components to the tune of $75-$80 billion by 2026, and $300 billion by 2032 to support $300 billion worth of electronics products manufacturing by 2026 and $1.2 trillion by 2032," the India Cellular & Electronics Association (ICEA), which represents top smartphone brands and manufacturing companies, said.
Need two more PLIs for wearables and components: MAIT
MAIT, which represents major electronics companies such as Dixon Technologies, Dell, HP, Google amongst others, said the industry would review existing PLI schemes over the next two months to examine how they have fared vs policy objectives.
Unpredictability in enforcement agencies action needs a check: ICEA chairman
While speaking about the achievement of the mobile industry in the last 10 years, India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo said that the next phase of growth in the country will come from exports and there is a need to build domestic champions in the sector as part of government's 'Atmanirbhar Bharat' (self-reliant India) plan.
Ananant Systems working with major local OEMs to develop BSNL’s 5G chip
Bengaluru-based Ananant Systems is looking to address the expanding requirements for advanced connectivity, computing, and security for wireless 5G and 6G infrastructure and devices. Its offerings include intellectual property (IP), chip design, semiconductor products, software, and systems, all developed and owned in India.
DoT reassures telcos over data shift to Amazon Web Services
The Department of Telecommunications (DoT) faced backlash from mobile phone companies over plans to migrate its digital intelligence platform (DIP) to Amazon Web Services (AWS) from servers run by BSNL and C-DoT. The move was criticized for compromising consumer privacy. However, DoT clarified that critical subscriber database records won't be stored on AWS, easing concerns. The DIP is crucial for fighting cybercrimes and fraud, facilitating real-time intelligence sharing among stakeholders. The shift aims to address data surge challenges, with AWS being an approved vendor of MeitY, hosting CoWIN data.
Industry asked to name items from areas where India can be self-reliant
The fact that India's exports between April and January of FY24 were $3.7 billion and its imports, primarily from Russia's crude oil imports, were $51.7 billion, is what worries New Delhi. Additionally, the bloc has free trade agreements with Iran, China, Vietnam, and Serbia; these agreements may have an effect on the competitiveness of Indian industry in any of the EAEU markets.
ICEA bats for semiconductor chip design, manufacturing to be treated as strategic sector
Industry body ICEA has recommended various measures, including encouraging large Indian corporates to invest in semiconductor design and treating chip design and manufacturing as a strategic sector, to place India at the forefront of semiconductor product design and IP creation. India Cellular and Electronics Association (ICEA), in its latest report, also recommended that India should establish an exclusive market exchange for electronics and hi-tech industry.
ET exclusive: Tata Electronics seals semicon deal with Tesla
The US-based electric vehicle (EV) major is keen to enter India, the world’s fastest-expanding major automotive market. Tesla promoter Elon Musk is reportedly visiting India this month for a meeting with Prime Minister Narendra Modi. Musk is expected to announce potential Indian investments, including a commitment of funds toward EV manufacturing facilities. His firm is the world’s largest automotive company by market value.
Semiconductor associations sign MoU to connect Indian players with global peers
IESA and SEMI signed a MoU in Bengaluru to establish India as a global manufacturing hub, focusing on talent development, policies, design, skilling, research, academia, and supply chains. The partnership leverages SEMI's international network and IESA's expertise.
Mobile phone manufacturing jumps 21 times to Rs 4.1 lakh cr in 10 yrs: ICEA
Over the past decade, mobile phone manufacturing in India has seen a remarkable 21-fold increase to reach Rs 4.1 lakh crore, driven by government policies like the Production Linked Incentive (PLI) scheme. This surge has enabled India to fulfill 97% of its mobile phone demand domestically, with 30% of production targeted for export in FY'24, amounting to an estimated Rs 1.2 lakh crore.
India's electronics industry meets targets; ranks 2nd in mobile phone production
The Indian electronics manufacturing industry has become the second largest manufacturer of mobile phones in a 10-year period, with cumulative production worth Rs19.45 lakh crore. Mobile phones are also the fifth largest exported commodity from India. The industry aims for large-scale manufacturing and domestic value addition with government support.
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