SEMICONDUCTOR PLI
India's electronic manufacturing may reach USD 500 bn by 2030: CII report
India needs to take critical actions to transform its electronic sector ecosystem from an 'import dependent assembly led manufacturing' to 'component level value-added manufacturing', highlights a report by Confederation of Indian Industry.
India's electronic manufacturing likely to double in the next five years: Govt sources
India's electronic manufacturing is likely to double in the next five years, according to sources in the Ministry of Electronics and Information Technology. The country's electronic manufacturing is likely to reach around USD 250 billion in the next 5 years, said a source in the ministry.
Manufacturing sector looks for policy continuity, fresh PLIs
Narendra Modi-led NDA govt's third term brings hopes for manufacturing sector with policy continuity, new PLI schemes, and TDP's Chandrababu Naidu joining alliance for reform and innovation.
PLI scheme to attract Rs 3-4 lakh cr investments over 4 yrs; pvt sector capex may accelerate: Icra
Production-Linked Incentive (PLI) scheme is projected to draw investments worth Rs 3-4 lakh crore over four years, creating 2 lakh jobs. Icra Executive VP K Ravichandran foresees private sector capex growth in sectors like oil, gas, metals, healthcare, and cement, with potential tax breaks to boost disposable income for higher investments.
Ambrane to invest Rs 100 crore to increase localisation from 70 to 100%
Consumer electronics company Ambrane is determined to create 100% made in India products and is targeting Bharat and the global market.
India major gainer of China+1, exports to soar to $835 billion by 2030: Nomura
India and Vietnam are emerging as key beneficiaries of the China plus one strategy, with Nomura predicting significant growth opportunities for Asian economies. According to a report by Nomura, India's exports are projected to skyrocket to $835 billion by 2030 from $431 billion in 2023, driven by its vast domestic market attracting companies seeking supply chain diversification away from China.
- Go To Page 1
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.
India’s electronic manufacturing service industry is humming — now to stick to the flight path
India's competitiveness will depend on continuing reforms, de-bureaucratisation, contract enforcement, effective dispute resolution mechanisms, last-mile facilitation, building of sectoral ecosystems, and governance law and order stability.
Expecting good response from many companies on EV policy: DPIIT Secy
India expects positive responses from automobile companies on its electric-vehicle policy to attract global players like Tesla through tariff tweaks. The government aims to encourage manufacturers to establish bases in India without incurring costs. Duty concessions and investment commitments are key incentives for setting up manufacturing units. Companies can import CBUs at reduced customs duty.
Expect good response on EV policy, FDI reforms in new govt; prepare for low tariff regime: DPIIT Secretary
India anticipates a positive response from numerous automobile companies to its electric vehicle (EV) policy, according to Rajesh Kumar Singh, DPIIT secretary. He noted that the government has adjusted tariffs to attract manufacturers without direct spending. Additionally, he stated that India might further liberalize FDI norms in select areas under the new government.
Imports fall as PLI boosts local production of electronics parts
Imports of completely boxed units of electronics such as smartphones slumped 40% during April-January FY24, commerce ministry data show. Market trackers said local manufacturing of electronics, especially smartphones, rose 5% on year in 2023, driven by the government's production-linked incentive (PLI) scheme, with more manufacturers procuring components that have a large impact on the bill of materials (BoM) from local producers.
ETMarkets Smart Talk: After a blockbuster FY24, watch out for rupee depreciation and monsoon in FY25: Dr Poonam Tandon
Dr. Poonam Tandon provides insights on market volatility, SEBI's valuation concerns, election-driven spending, and the semiconductor industry's growth potential. Investors should focus on quality companies and monitor geopolitical risks for FY25 investments. Dr Tanson says: "Given the sharp rally in the broader markets and frothy valuations in a few pockets, our current stance is conservative."
Top stocks to buy: 4 electronics manufacturing services stocks with one-year upside potential of up to 29%
Strong demand, government support and export opportunities are key drivers.
Dixon’s largest order book is in mobiles; IT hardware can be a $1 billion opportunity in next 2-3 years: Saurabh Gupta
Saurabh Gupta of Dixon Technologies foresees a $10 billion IT hardware opportunity for India. Emphasizing import substitution, a growth rate of 35-40% annually, and the importance of the PLI scheme, Dixon aims for 20-25% revenue from exports in five years.
How India is spreading itself across the chip-making value chain
India's semiconductor ambitions have taken a significant leap with Prime Minister Modi inaugurating three new manufacturing and assembly facilities in Gujarat and Assam. With a strong focus on becoming a global semiconductor hub, India aims to establish a robust presence across the chip value chain.
Indian economy is resilient... changes in bilateral trade are a huge opportunity, says Crisil CEO
"The fiscal discipline of the government means that its expenditure would be a little controlled. We are hoping for a normal monsoon, so the agriculture sector will be okay. At 6.8%, India would still be the fastest-growing major economy," says Crisil CEO Amish Mehta
India comes full circuit: Global tech giants set sights on the country for electronics production
The critical factor to achieving India’s aspirations of being a global electronics manufacturing hub is to get the component piece right. With several key suppliers to marquee brands like Apple and Samsung setting up shop in India, some pieces of the puzzle have started fitting in. But a lot more needs to be done.
Steel-to-software Tata Group now has a chip on its shoulder
Tata Electronics Private Limited will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp, Taiwan. The plant will attract Rs 91,000 crore investment.
Electronics parts PLI: Centre, companies get on call with ₹20,000 crore outlay on the agenda
As per MeitY, building an electronics components and semiconductor ecosystem is at the heart of electronics manufacturing and is a naturally extended outcome towards producing the finished electronics products. "An electronic device consists of a high density of components and the manufacturing of these components holds immense job and value addition potential," Meity said, while seeking inputs from the industry.
Budget 2024: Is Modi govt's pet scheme still strong enough to make India a manufacturing giant?
Interim budget: India's Production-Linked Incentive (PLI) scheme, launched in 2020, aims to boost manufacturing, decrease imports, and increase exports. While critics, including former RBI governor Raghuram Rajan, question its effectiveness, the Commerce and Industry Ministry reports over Rs 95,000 crore invested and 746 approved applications till November 2023. The proposed industrial policy seeks to enhance competitiveness and identify areas of cost advantage over China.
Can Budget 2024 give a fillip to India's budding semiconductor industry?
India's Interim Budget may include sops to boost the semiconductor industry, with an upgraded version of the SPECS plan that may have a corpus of Rs 10,000 crore. The Indian Semiconductor Mission has attracted investment from companies like Micron Technologies and Foxconn, while discussions are ongoing with TSMC and Japan's TMH Group for semiconductor fabrication units.
In works: Rs 10,000 crore sop scheme for chip ancillaries
The pari-passu or equal footing method for disbursal of incentives is one where the government releases the funds to successful applicants as and when they invest or achieve certain milestones.
Design excellence to manufacturing powerhouse: Shortening India's semiconductor journey to success
India's aspiration to become a significant player in the global semiconductor industry has gained significant traction in recent years.
Govt may clear proposals worth Rs 4,000 crore under IT hardware PLI scheme: Official
Last month, 40 proposals worth Rs. 5,000 crore were received by the ministry of electronics and IT under the IT Hardware Production Linked Incentive (PLI) 2.0 scheme, although fixed benefit limits mean not all offers will be eligible for the federal monetary support.
Proposals worth ₹4k cr under IT hardware PLI likely to be cleared
India is expected to approve investment proposals worth ₹4,000 crore under the revised IT hardware Production Linked Incentive (PLI) scheme. Last month, the ministry of electronics and IT received 40 proposals amounting to ₹5,000 crore, but not all will be approved due to budget constraints.
Assam government approves semiconductor PLI policy to attract investments
Assam cabinet has approved productivity-linked incentives for the industry. Assam chief minister Himanta Biswa Sarma, “Advanced states like Uttar Pradesh, Gujarat, and Orissa has announced a policy for semiconductor. We to have announced a policy where there will be a capital investment subsidy. With our new production-linked incentive policy, Assam will soon attract investments to manufacture semiconductors in the State.”
Semiconductor PLI worth $10 bn to help India do in a decade what China did in 25-30 years: Rajeev Chandrasekhar
India is set to become an important player in the global semiconductor supply chain with $10bn in incentives provided to encourage local manufacturing of chips, according to Minister of State for Electronics and Information Technology Rajeev Chandrasekhar. The scheme, which attracted companies such as Vedanta and Taiwan's Foxconn, aims to create 85,000 globally skilled talent in the very large scale integration sector.
Rajeev Chandrasekhar takes on Raghuram Rajan, says his PLI comments based on false figures, questionable analysis
Raghuram Rajan argued that value addition is low in the smartphone PLI scheme as it is basically only about assembling, and not deep manufacturing. Besides, imports exceed exports, he said. Not even the smallest parts of mobile phones are being made in India, he pointed out.
Major players looking at India as next chip-making destination: IT minister Ashwini Vaishnaw
The government is ready with the latest draft of the Digital India Act that will be released soon for public consultation while the Digital Personal Data Protection Bill will be presented in Parliament in the monsoon session
Load More
