Electronics Policy

The major commodities in which India has a trade deficit with China include electronic components, computer hardware, telecom instruments, industrial machinery for dairy and organic chemicals, Parliament was informed on Wednesday. Some of the services in which India has a trade deficit with China include construction, telecommunication, computer and information services, maintenance and repair services, Minister of State for Commerce and Industry Anupriya Patel said in a written reply to the Lok Sabha. She said the commodities exhibiting trade deficit with China constituted 86.7 per cent of the total trade in 2014-15, which has reduced to 83.8 per cent of the total trade with China in 2021-22. "Similarly, the services exhibiting trade deficit with China contributed 30.3 per cent to the total trade with China in 2014, which has reduced to 18.5 per cent in 2019," she said. Replying to a separate question, she said India has signed 13 Free Trade Agreements (FTAs) with its trading ...

The Gujarat government on Saturday launched a new Electronics Policy to generate 10 lakh new employment opportunities in the Electronics System Design & Manufacturing (ESDM) sector in the state. The 'Gujarat Electronics Policy 2022-2028' has been designed to make Gujarat a national hub of ESDM by offering a host of subsidies and incentives to the investors, said an official release. Those wanting to invest in the ESDM sector in Gujarat will be given up to 20 per cent capital expenditure (capex) assistance with a ceiling of Rs 200 crore under the policy, the release said, adding that eligible investors will be entitled to get 100 per cent reimbursement on stamp duty and registration fee paid to the government. While eligible entrepreneurs are exempted from paying any electricity duty, the state government will provide a power tariff subsidy of Rs 1 per unit for a period of five years. Other incentives include interest assistance of up to 7 per cent on a term loan for a period of ...

Tata Group to set up an iPhone assembling unit in JV with Wistron, in the state's Krishnagiri district

Tamil Nadu would soon come out with a new electronic hardware policy aimed at boosting domestic hardware production and exports, Chief Minister M K Stalin said on Friday. The State has been attracting investments not only in manufacturing of smartphones but also in computers, electronic parts, telecommunication equipment, home appliances, he said after inaugurating a manufacturing unit of Pegatron Technology India Pvt Ltd in neighbouring Chengalpet district. "The government considers the electronics department as an emerging sector and soon a Tamil Nadu electronic hardware policy will be rolled out to boost domestic production and exports," Stalin said. He unveiled a plaque at Mahindra World City, about 45 km from here, to mark the inauguration of the manufacturing facility set up at an investment of Rs 1,100 crore that would generate 14,000 jobs. Stalin said with the production linked-incentive scheme, several software companies have submitted applications to commence operations

The move comes as India scrambles to remove bottlenecks faced by businesses, with PM Modi bullish on an electronics hardware manufacturing industry his govt targets to be worth $300 billion by 2026

Social media platform Twitter has complied with the final notice issued by the Ministry of Electronics and IT on June 27, an official source said on Monday. The Ministry of Electronics and IT had set a deadline of July 4, failing which Twitter could have lost the intermediary status, which means it will be liable for all the comments posted on its platform. "Twitter has complied with the notice," an official source told PTI on the condition of anonymity. According to another official source, the social media firm was asked to take action on some tweets and Twitter accounts but the microblogging had not reported compliance on the same earlier. Twitter declined to comment on the matter. The government in May had asked Twitter to act on content related to Khalistan and accounts eulogising terrorists in Kashmir. Later in June, the government asked Twitter to act on around 60 accounts. According to sources, Twitter has taken action on the request and reported compliance. On June 26,

The IT ministry has approved a total of 314 applications with proposed investments of Rs 86,824 crore under a modified special incentive package scheme till May 31, 2022, an official note said.

Will need mobile device players and Apple Inc vendors to meet the target

Move will help mobile handset and other electronics makers impacted due to lockdowns

The government hopes to learn from two failed attempts in 2007 and 2013 to attract fab manufacturers to India but it's up against some stiff challenges

The production-linked incentive (PLI) scheme announced by the government for air-conditioners and LED lights will help create a complete component ecosystem in India, mobile industry body ICEA said. The scheme is expected to attract global investments, generate large scale employment opportunities and enhance exports substantially, it added. This scheme is designed to create a complete component ecosystem in India and make India an integral part of the global supply chain, the body noted. On Wednesday, the government announced the PLI scheme for white goods - Air Conditioners and LED Lights - with a budgetary outlay of Rs 6,238 crore. The proposal was approved in a Union Cabinet meeting, chaired by Prime Minister Narendra Modi. ICEA Chairman Pankaj Mohindroo said: "The scheme is expected to attract global investments, generate large scale employment opportunities and enhance exports substantially. It will also lead to investments in innovation, research & development and ...

PLI scheme for large-scale electronics manufacturing and IT hardware along with the scheme to promote component manufacturing will reduce the country's dependence on Chinese electronic products

The second part of a report on the productivity-linked incentive scheme examines anomalies for makers of laptops, tablets and mobile devices

Says govt aims to do away with more than 6,000 compliance requirements

Under the PLI scheme, companies will enjoy a 4-6 per cent incentive annually across five years on their production value in India, provided they make incremental investments

By setting a deadline of 45 days for extending the scheme to 10 industries, the government may be ignoring the critical demands of the targeted industries

Demand continues to surge though localised lockdowns remain a hurdle

The last of the 2-part series analyses the challenges in ramping up non-mobile device manufacturing

From toys and plastic goods to sports items, and furniture - goods worth $127 billion - could be placed under restrictions

Global market for chargers in 2025 is estimated to be $10 billion (about Rs 76,000 crore), with smart chargers comprising around 70 per cent of the market