Electronics Industry

Govt nods for 34 electronic components production proposals of Rs 11,187-cr

The government on Wednesday said it has approved 34 electronic components manufacturing proposals worth Rs 11,187 crore till March 30 this year. In a written reply to Lok Sabha, Minister of State for Electronics and IT Rajeev Chandrasekhar said the government had notified a Scheme for Promotion of Manufacturing of Electronic Components (SPECS) on April 1, 2020, and applications were received till till March 30, 2023. "As on March 30, 2023, 120 applications have been received under SPECS. The applications received under the scheme are from domestic companies. As on March 30, 2023, thirty four (34) applications with total project cost of Rs 11,187 crore have been approved under the scheme," he said. Under the scheme, the approved proposals include those from Tata Electronics, Samsung Display Noida Pvt Ltd, Salcomp Technologies, Sahasra Semiconductors, IdemiaSyscom, Deki Electronics, Molex India and Continental Device India Pvt Ltd.

Voluntary star labelling for multi-door fridge, induction hobs launched

Power and New & Renewable Energy minister R K Singh on Wednesday launched Voluntary Star Labelling Programme for multi-door refrigerators, table- and wall-mounted fans, pedestal fans, and induction hobs. This programme is expected to save approximately 11.2 billion units of electricity by 2030 and will enable the reduction of CO2 emission close to 9 million tonnes by 2030 and help India to transition towards low carbon sustainable growth and achieve its ambition of net zero by 2070. The minister launched the programme at a function to celebrate the 21st Foundation Day of Bureau of Energy Efficiency (BEE) in the capital. Singh urged the BEE to play greater role for shaping India's energy transition roadmap for more initiatives and said that the BEE and EESL (Energy Efficiency Services Ltd) have facilitated the country in achieving the goals it set for itself in terms of reduction of emissions. "Our per capita emissions are very low compared to the world average; we are 1/3 of the .

Gizmore eyes Rs 200 crore business from smartwatches next fiscal

Smart devices and accessories maker Gizmore is planning to scale up production of smartwatches by about two and half times to 15 lakh per annum, as it looks to generate business of around Rs 200 crore in the next financial year, a top official of the company said. Gizmore CEO and Co-Founder, Sanjay Kalirona told PTI that the company at present makes around 50 thousand smartwatches per month (six lakh per annum) in India and is going to scale up the production to around 15 lakh smartwatches in the next financial year. "Smartwatches are the fastest growing segment for us. It now accounts for 60 per cent of our business. We expect to close this fiscal with around 40-50 per cent growth. In the next fiscal, we are targeting 100 per cent growth and over Rs 200 crore business to come from smartwatches alone," he said. The company expects to close the current fiscal with revenue of about Rs 75-80 crore comprising Rs 50 crore revenue from the sale of smartwatches. "We are expanding our reac

Samsung unveils Galaxy Book3 Ultra with 13th Gen Intel chips, Nvidia GPUs

Samsung Galaxy Book3 Ultra will enter the markets on February 22; the specific launch date for India is not yet revealed

Meta working on new version of previously cancelled smartwatch: Report

Meta is reportedly working on a new version of its previously cancelled smartwatch

Samsung to unveil flagship Galaxy devices at Unpacked event today: Details

Samsung is expected to launch the Galaxy S23 series smartphones and Galaxy Book3 series laptops at its first Galaxy Unpacked event on February 1, 2023

Electronics export may grow by 37% to cross Rs 1.6 trn this fiscal: ICEA

Electronic goods export is likely to grow by 36.8 per cent to cross Rs 1.6 lakh crore in the current fiscal, with mobile phone export accounting for nearly half of the total pie, industry body ICEA said on Tuesday. The electronic goods export in 2021-22 was Rs 1,16,937 crore, according to India Cellular and Electronics Association (ICEA). "In financial year (FY) 2021-22, India exported Rs 1,16,937 crore worth of electronic goods and is estimated to export more than Rs 1,60,000 crore in FY 2022-23. The mobile phone exports in FY 2021-22 were Rs 45,000 crore, and is estimated to reach more than Rs 75,000 crore in FY 2022-23," ICEA said in a note. According to the industry body, the total exports of electronic goods from India from April to December 2022 grew to Rs 1,33,313 crore against Rs 81,780 crore in 2021. The growth in electronic goods exports is primarily led by mobile phone exports, which are estimated to have increased over Rs 60,000 crore in April-December 2022 from Rs 27,2

Acer launches new laptop with AMD Ryzen 7000 series processor in India

Taiwanese electronics company Acer on Monday launched its new laptop which features the latest AMD Ryzen 7000 series processor, a 15.6-inch Full-HD display and much more, in the country

Cloud 11 event: Everything OnePlus set to launch in India on February 7

OnePlus is set to kick off 2023 with the Cloud 11 launch event, which is scheduled for February 7 in New Delhi, India

Apple becomes No 2 smartphone firm in China despite 3% YoY loss during 2022

Apple became the number two smartphone player in China for the first time in a whole year even after falling 3 per cent (year-on-year) in 2022, a new report has shown

Apple temporarily halts development of its in-house Wi-Fi chip: Report

Tech giant Apple has reportedly halted the development of its in-house Wi-Fi chip "for a while"

OnePlus 11R 5G phone to launch alongside OnePlus 11 5G in India on Feb 7

OnePlus on Wednesday announced on Twitter that it will launch the OnePlus 11R 5G smartphone in India on February 7

Samsung may unveil five Galaxy Book3 laptops at upcoming Unpacked event

South Koran tech giant Samsung is expected to announce its Galaxy Book3 series alongside the much-anticipated Galaxy S23 lineup during this year's Unpacked event on February 1

Apple, Samsung working on OLED screens for upcoming iPad Pro, MacBook Pro

Apple and Samsung Display have reportedly started working together on OLED panel development for the upcoming iPad Pro and MacBook Pro devices, which are expected to be released next year or later

Garmin launches Instinct Crossover Series watches in India: Price, features

The Garmin Instinct Crossover series comes in solar and non-solar variants with price starting at Rs 55,990

India's smartphone shipments drop 6% to 151.6 mn units in 2022: Report

The major drop in shipments were recorded in the fourth-quarter (CYQ4, 2022), falling by 27 per cent to 32.4 million units

Lenovo refreshes Yoga 9i laptop with 13th Gen Intel Core processors

The 13th Gen Intel Core processors-powered Lenovo Yoga 9i laptop will be available for purchase from January 29 on Amazon India, Lenovo, Croma, and Reliance online stores

OPPO A78 5G smartphone with 5,000 mAh battery launched: Price and specs

The OPPO A78 5G smartphone will be available for purchase in India from January 18 on the OPPO e-store, Amazon, and select retail outlets

Apple may use in-house microLED displays in all devices after 2024: Report

Tech giant Apple will reportedly use microLED displays in its entire product line after integrating it into the Apple Watch Ultra in 2024

Union Budget 2023: Electronic companies urge govt to reduce tariffs

Some duty structures, according to industry groups and stakeholders, need to be revised because they are now burdening the industry