Electronics Manufacturing

PLI for electronics to achieve Rs 8.12-trn production target in 5 yrs: Govt

The cumulative investments under the scheme have increased to Rs 5,124 crore as of December 2022 from the earlier FY2022-23 target of Rs 3,726 crore

Electronics manufacturing, auto get best of Budget spending on PLI scheme

The bulk of the money in FY23-24 PLI schemes--of Rs 4,499 crore-- is for large-scale electronics manufacturing

Indian electronics manufacturing to cross Rs 1.28 trn next fiscal: MoS IT

Electronics manufacturing in the country is expected to cross Rs 1.28 lakh crore in the next financial year, Minister of State for Electronics and IT Rajeev Chandrasekhar has said. The minister, in an interview with PTI, said the government is now going to broaden and widen the electronics manufacturing ecosystem with a new production-linked incentive scheme for hearable-wearable, IT hardware and component makers. "Electronics manufacturing as a whole, we see next year that we will at least do Rs 1.28 lakh crore. I have already said that we will see mobile phone production reaching Rs 1 lakh crore in 2023-24," Chandrasekhar said. There has been a focus on mobile phones because it is the fastest-growing segment in electronics across the world, he added. "Value addition in manufacturing is a function of scale. First, you need to hit the scale. The component industry is the one which does value addition. Components will not come if the scale of manufacturing is not there. The next sta

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

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

Micro-LED display for Apple Watch may be manufactured by LG: Report

Tech giant Apple is reportedly relying on LG for the production of its first Apple Watch micro-LED display

Intel launches 13th Gen desktop processor with 6GHz clock speeds at $699

Chip-maker Intel has launched its new 13th Gen Intel Core i9-13900KS desktop processor with 6GHz (gigahertz) clock speeds

Ceiling fans get costlier as BEE's revised norms mandate star labelling

Ceiling fans would get costlier by 8 to 20 per cent as the category comes under the ambit of mandatory star labelling from January 1, as per the revised Bureau of Energy Efficiency (BEE) norms. Star labelling denotes energy savings of minimum 30 per cent for 1-star rated fans to over 50 per cent for 5-star rated fans. Though leading manufacturers such as Havells, Orient Electric and Usha International have welcomed the move, they also believe it would lead to cost increase of 5 to 20 per cent as high energy efficient 5-star rated fans will require new imported motors and electronic components. Under the new mandate, now manufacturers would have to display star ratings between 1 to 5 stars on their fans. The star rating is dependent on service value (air delivery in cubic meters per minute divided by energy consumption in wattage). Terming it a "massive shift", Orient Electric MD & CEO Rakesh Khanna said, now consumers will get access to a superior product that consumes far less ...

Centre to launch Rs 12,000 crore PLI scheme for high-end components: Report

PLI Scheme: The move, which may attract global giants like Apple to enhance production in the country, is being discussed to develop a complete ecosystem for electronic manufacturing in India

Elista India expects Rs 1,500 cr revenue by 2025, to invest up to Rs 400 cr

Electronics manufacturing company Elista India expects a revenue of Rs 1,500 crore by 2025 on the back of increased exports to the CIS countries, Middle East and Africa, a top official of the company said on Monday. The company plans an investment of Rs 350-400 crore in three years to meet its revenue guidance for 2025, the official said. Revenues of the company have increased to Rs 158 crore in just two years of operations of the company and it expects a business of Rs 200 crore this fiscal. "We expect Elista to have turnover of Rs 1,500 crore by 2025 out of which Rs 500 crore will come from the domestic market and Rs 1,000 crore from exports to CIS countries, Middle East and Africa," Elista and TeknoDome, Chairman and Managing Director, Saket Gaurav told PTI. He said that the company will initially focus on manufacturing televisions and later expand facilities for making washing, IT peripherals etc. Elista is also waiting for the allocation of land to start its manufacturing ...

Smartphone market may remain under pressure due to global factors in 2023

The Indian smartphone market, which battled global factors such as the inflationary macro environment to register a 5 per cent fall in 2022, is set to remain under pressure next year

Chip-maker Micron to layoff 10% of its workforce under restructure plan

Chip-maker Micron has announced that it will reduce its workforce by about 10 per cent in 2023 in response to challenging industry conditions

Fire-Boltt eyes 5 times business growth in FY23, to scale up smartwatches

Wearable and audio devices maker Fire-Boltt expects around five times growth in business to Rs 2,400 crore this fiscal with its plans to enhance brand loyalty of customers and offer specialised features for sports, fitness and healthcare, a top official of the company said. Fire-Boltt Founder and CEO Arnav Kishore told PTI that the company will start making all smartwatches in India in the next three months and expects to increase its market share in the category to 50 per cent in the next 12-18 months. The company is eyeing the smartphone user base in India, projected to reach 100 crore in a few years, from where it expects high level of traction for smartwatches. "We are aggressively focusing on the marketing campaigns in order to increase brand loyalty. In terms of revenue, we clocked around Rs 500 crore last fiscal year. Till September 2022, we have clocked around Rs 1,200 crore and expect close to Rs 2,400 crore (this fiscal)," Kishore told PTI. According to Counterpoint ...

Expand PLI scheme for electronics inputs and components, ICEA tells Centre

The organisation has projected that components and sub-assemblies could provide a $100-billion export opportunity in the next five years

On Udaan network, local mobile accessory brands take wings in 'Bharat'

Udaan said its in-house expert team works closely with small manufacturers and trains them to run an e-commerce business

Apple explores shifting some iPad production from China to India: Report

India is exploring options to bring some of Apple Inc's iPad production to the country from China, CNBC reported on Monday, citing two sources close to the Indian government

Aversion to the cloud for engineering operations is fading, shows data

Cloud adoption for engineering and manufacturing grew 2.5x times vis-a-vispre-pandemic levels

Smart fasteners are not just nuts and bolts

In auto sector adhesive tapes used for attaching components in unique ways allow carmakers to experiment with designs, since they are no longer bound by linear needs of traditional metallic fasteners

HP Inc to reduce global headcount by up to 6,000 employees as demand slows

PC and printer major HP Inc is joining the ongoing tech layoff season and will lay off nearly 4,000-6,000 employees

India to be a semiconductor manufacturing hub: Rajeev Chandrasekhar

Chandrasekhar said India is well positioned to emerge as a major player in electronics and semiconductor products manufacturing as part of the 'China Plus One' diversification strategy