India unveils Rs 50,000 crore schemes to attract electronics makers

    NEW DELHI: Union Minister Ravi Shankar Prasad, on Tuesday, unveiled the guidelines for electronics manufacturing schemes with an aim to strengthen domestic manufacturing of five global and five Indian mobile phone makers. The three Schemes namely, the Production-Linked Incentive Scheme (PLI), Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and Modified Electronics […]

    Coming Soon: A Rs 45,000 crore fund to push electronics manufacturing

    New Delhi: The Centre is readying a Rs 45,000-crore fund in an aggressive push to ensure big firms such as Apple, Samsung, Huawei, Oppo and Vivo, besides contract manufacturers like Foxconn and Wistron, bring their global supply chains to India and make the country an electronics manufacturing hub in the next five years. “An inter-ministerial note (on this) has been […]

    Initiative retains Sony Electronics media duties worth Rs 200 crore

    Initiative has retained media duties for Sony Electronics. The size of the account is estimated to be around Rs 200 crore. Industry sources confirmed to exchange4media that following a multi-agency pitch, Initiative retained the integrated media mandate of Sony Electronics India. exchange4media reached out to Initiative and Sony for an official confirmation but did not […]

    India attracts Over Rs. 1.28 Lakh Crore In electronic production

    New Delhi: overall investments in electronics production zone in India, one of the international‘s biggestconsumer electronics marketplace, has crossed Rs. 1.28 lakh crore, Communications and IT Minister Ravi Shankar Prasad stated on Tuesday. “whilst our authorities came (in 2014), the entire investment in electronics production was around Rs.eleven,700 crore and as of two days ago […]

    JP associates Withdraws Rs 34,000 Crore electronic Chip mission: government

    New Delhi: Infrastructure firm JP associates has pulled out of a mission to set up an electronic chip plant that entailed investment of approximately Rs 34,000 crore. “JP friends has withdrawn its proposal of semiconductor plant. they’ve stated that it is not commerciallypossible to installation this plant at present,” department of Electronics and IT (DeitY) […]

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    Videocon Industries March zone net Loss At Rs one hundred ninety Crore

    New Delhi: Videocon Industries today mentioned a standalone net loss of Rs 189.59 crore for the Marchquarter, dragged down through lower sales and better finance prices. The employer had published a internet profit of Rs 10.forty six crore in the January-March length of 2014-15, Videocon Industries stated in a BSE filing. Standalone internet sales declined […]

    initiatives worth Rs 17,000 Crore Cleared For Electronics production

    New Delhi: The authorities has cleared sixty nine tasks envisaging funding of Rs 17,112 crore out of proposals worth Rs 1.2 lakh crore received below the electronics manufacturing scheme till date. “69 out of approximately 160 proposals beneath the MSIPS (changed special Incentive bundle Scheme)had been cleared. overall funding dedicated in these initiatives is Rs […]

    AirAsia India loss narrows to Rs25 crore in Q3

    Photo: Mint Mumbai: Losses at AirAsia India narrowed to Rs.25.65 crore in the December quarter from Rs.61.15 crore in the preceding three months on the back of an increase in average fares and ancillary revenue, the local unit of Malaysia’s AirAsia Bhd said on Friday. AirAsia India is a joint venture in which AirAsia Bhd […]

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    Apoorva Patni plans to invest Rs100 crore in healthcare sector

    Apoorva Patni, son of Patni Computers co-founder Ashok Patni, plans to deploy nearly Rs.100 crore in the healthcare sector through his fund Currae Healthtech Fund. Patni, who has invested about Rs.10 crore in seven healthcare technology start-ups since 2015, plans to expand the fund’s portfolios to 20 companies with an expected investment of about Rs.100 […]