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 […]

    Tamil Nadu to set up four Electronics Manufacturing Clusters

    The Tamil Nadu government is planning to develop four Electronics Manufacturing Clusters (EMCs) in Chennai, Tiruvallur, Hosur and Kancheepuram, according to sources in the state industries department. The project is likely to come up by 2023. The EMCs will provide necessary bolster to the upcoming electronic manufacturing industries in the state. According to sources, the […]

    More sops needed to boost electronic manufacturing: Top govt official

    NEW DELHI | CHENNAI: India may have to offer electronic manufacturers additional sops such as cheap credit and incentives for export along with infrastructure support in order to boost production and help the sector compete with China, Vietnam and Thailand, according to a top government official. These incentives, over and above the proposed reduction of corporate tax to 15% […]

    Enhancing export-led electronics manufacturing critical: MAIT

    There is urgent need for India to evolve an export-led electronics manufacturing strategy that will not only contribute to the GDP but also help realize India’s aspiration to become a $5 trillion economy. Keeping this in mind, the Manufacturers’ Association of Information Technology (MAIT), has released a report titled “Enhancing Export Competitiveness of India’s Electronic […]

    National Electronic Policy 2019 to boost manufacturing, drive exports

    Industry experts believe that the National Electronic Policy 2019, passed last week by the Union Cabinet, can provide an impetus to Make in India (MII) and its efforts to become a global hub for Electronic System Design and Manufacturing (ESDM), apart from making electronics sector more competitive. “The policy offers significant support for the electronics […]

    India’s draft electronics policy aims $400 billion manufacturing industry by 2025

    The country’s draft electronics policy released by the IT ministry on Wednesday has set an ambitious target of creating a $400 billion electronics manufacturing industry by 2025, with the mobile phone devices segment accounting for three-fourths of the production. The draft National Policy on Electronics (NPE) aims to promote domestic manufacturing in the entire value-chain […]

    Mirc Electronics, maker of Onida, looks at 20% revenue from non-captive manufacturing in FY19

    Mirc Electronics, the maker of popular household electronic goods under the Onida brand, is looking to get into strategic alliances and eyeing 20 percent turnover from non-captive manufacturing in FY19. In an interaction with Moneycontrol, Vijay Mansukhani, Managing Director, Mirc Electronics, said that the company has been approached by peers for strategic alliances on manufacturing. […]

    Rs 437-crore electronics manufacturing project cleared for Telangana

    An electronics manufacturing cluster will be set up over 310 acres of land in Telangana.(Getty Images/iStockphoto) The government has cleared setting up of a greenfield electronics manufacturing cluster in Telangana with a total project cost of Rs 437 crore, an official source said. Telangana State Industrial Infrastructure Corp (TSIIC) had submitted the proposal to the […]

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    Foxconn Announces Plans to Build $10-Billion LCD Manufacturing Plant in the US

    HIGHLIGHTS Foxconn on Wednesday announced plans to build a $10 billion plant in US Donald Trump claimed that it would not have happened without his efforts The new $10-billion plant will eventually employ up to 13,000 people Taiwanese electronics manufacturer Foxconn on Wednesday announced plans to build a $10 billion (roughly Rs. 64,111 crores) LCD […]

    Government Seeks to Boost Electronics Manufacturing

    As part of Prime Minister Narendra Modi’s Make in India and Digital India initiatives, the government approved a proposal for extending for five years the capital subsidy provided to electronic manufacturing units, officials said in New Delhi on Wednesday.A senior official said the scheme, extended for five years beyond July 25, 2015, has also been […]