VVDN TECHNOLOGIES
As many as 17 firms under IT hardware PLI to start production this year: IT Secretary
Most IT hardware PLI scheme participants, including major players like Dell and HP, are set to commence production this year, according to a Ministry of Electronics and IT official. 17 out of 27 selected companies are expected to begin production, with the India AI Mission prioritizing domestic firms.
HPE starts rolling out made-in-India servers; plans to enhance local sourcing
"HPE's plan to manufacture servers in India aligns with its broader objective of supply chain diversification and resiliency. The company is actively exploring opportunities to deepen localisation by leveraging VVDN's backward integration capability and expanding its portfolio of products manufactured from India," the statement said.
Kaynes Technology, Syrma from EMS space could rally 15-30% in 1 year: Siddhartha Khemka
The 3QFY24 performance was characterized by a strong revenue growth, but margins were adversely impacted by a change in product mix for multiple players and other company-specific business adjustments/ investments to sustain strong growth for the long term.
Government looking at component-linked incentive scheme for electronic manufacturing
Secretary of MeitY makes this announcement at the launch of the country's first designed-in-India education tablet with BharatGPT virtual assistant.
Laptop company Primebook grabs 3% market share in first year
Mahant claimed that the company is one of the fastest growing startups in the IT hardware sector whose valuation has already crossed Rs 500 crore.
Outlook on EMS sector: Avalon & Kaynes could give 20-40% return in 2024
"We estimate Avalon will deliver a CAGR of 22%/25%/42% in revenue/EBITDA/Adj. PAT over FY23-26 on the back of strong order inflows. In case of Kaynes, we estimate a CAGR of 41%/46%/56% in revenue/EBITDA/Adj. PAT over FY23-FY26, driven by a healthy order book growth trajectory (32% CAGR) and a better margin profile (increasing mix of high value order)."
Dell, HP, Lenovo, 24 other companies okayed under rebooted PLI
The government on Saturday approved the proposals of Dell, HP India, Flextronics India, VVDN Technologies, Netweb Technologies, Lenovo, and 21 others for manufacturing of IT hardware under the second phase of the production linked incentive scheme.
Government may clear 10 PLI sops bid from IT hardware companies
The ministry of electronics and information technology may send a confirmation to these companies and make the announcement over the next few days, according to sources aware of the developments.
Intel joins hands with Indian manufacturers to boost laptop production in Make-in-India initiative
As a part of its collaboration with these electronic manufacturing services (EMS) and original design manufacturers (ODM), Intel will share its expertise with these eight companies to facilitate the production of entry-level laptops in India.
40 firms commit to make IT hardware worth Rs 4.65 lakh cr under PLI scheme
“Large IT hardware companies such as Dell and HP are participating directly under the scheme while other major players such as HPE, Lenovo, Acer, ASUS (and) Thomson participating through EMS (electronic manufacturing services) companies — Flextronics, Rising Star (Foxconn), etc. — having manufacturing facilities in India,” it said.
38 companies apply for IT hardware PLI 2.0
The revised production-linked incentive (PLI) scheme for IT hardware has received a positive response from 38 companies, including global giants HP, Dell, Lenovo, and Foxconn, as well as local manufacturer Dixon Technologies. These companies have proposed investments of over ₹4,000 crore to produce goods worth ₹3.35 lakh crore over the next six years.
Govt decision on IT hardware to create multi-billion dollar local production capacity: Industry experts
The government decision to curb imports of laptops, tablets and PCs, along with Rs 17,000-crore IT hardware PLI, will create multi-billion dollar local production capacity and import dependency will nosedive in the next 2-3 years, industry players said on Friday.
Intel sees an opening in India’s fast rise as manufacturing hub: India sales head Santhosh Viswanathan
The California, US-based company is looking at India as a top manufacturing base for supplying to three buckets of hardware products–laptops, data centres and servers - and electronics connected to internet of things (IoT).
HPE partners with VVDN to manufacture servers worth $1 billion in India
The company has signed a memorandum of understanding with VVDN Technologies which will manufacture HPE’s products from its Manesar plant in Haryana.
Growing wearables production in India bleeds China units
Top wearables brands such as Boat and Gizmore are making most products locally in key categories audio and smartwatch through electronics contract manufacturers such as Dixon Technologies and Optiemus Electronics, several industry executives ET spoke to have said.
MeitY forms task force to make India 'product developer and manufacturing nation'
The task force will be chaired by additional secretary (MeitY), Bhuvnesh Kumar with joint secretary (electronics), Amitesh Kumar Sinha as the member convenor. While the circular does not go into the details of the mission, it says the task force will be deliberating on how to propel India to be a product developer and manufacturer nation.
CCI gives nod to deal involving VVDN Technologies
The proposed combination relates to acquisition of shareholding by the Kotak Special Situations Fund (KSSF) and Kotak Pre-IPO Opportunities Fund (KPIOF) through a combination of secondary share purchases of equity shares and subscription to compulsorily convertible debentures of VVDN Technologies, according to CCI
C-DoT, VVDN Tech, WiSig Networks sign pact to jointly develop 5G solution
"We have taken a big step towards the development of indigenous 5G technology with the involvement of Indian partners for addressing the needs of the country and exploring tapping the export market," C-DoT executive director Rajkumar Upadhyay said in a statement.
Govt approves 31 proposals for telecom PLI scheme entailing Rs 3,345 cr investment
The companies selected for the PLI scheme include Nokia India, HFCL, Dixon Technologies, Flextronics, Foxconn, Coral Telecom, VVDN Technologies, Akashastha Technologies, and GS India.
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