SEMICONDUCTOR PLI
US chipmaker Analog Devices increases India headcount by 30%
Analog Devices has offices in Bengaluru, Gandhinagar, and Hyderabad, with a current workforce of 1,500 in India, including 1,200 engineers, according to Srinivas Prasad, senior director and head of Analog Devices in India. Globally, the company employs 26,000 people across 31 countries, with over 11,000 being engineers.
Lava mulling spinning off manufacturing arm into independent co
Lava International may spin off its manufacturing arm to meet PLI targets. Despite past struggles and lost business from Chinese brands and Google Pixel, head of manufacturing Sanjeev Agarwal is hopeful about a new incentive package. Lava plans increased local value addition, PCBA, and evaluating components for in-house production or outsourcing, balancing capital expenditure for growth.
Lava to decouple production arm to boost PLI targets and attract new business
Lava International plans to separate its production arm to attract business from other handset brands and meet the production-linked incentive (PLI) scheme targets for smartphones. Despite struggling to meet PLI targets since the scheme's inception in 2020-21, Lava remains hopeful due to the upcoming component production incentive package. Sanjeev Agarwal, head of manufacturing, noted that increasing production by Rs 500 crore annually is crucial. He attributed the difficulties to starting with a higher base and rival brands' reluctance to partner with manufacturers with their own brand.
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.
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.
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.
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.
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.
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