Electronics Manufacturing Sector

HP Inc to further boost its local manufacturing footprint in India: CEO

HP Inc is already manufacturing multiple PC products, including laptops in India, as part of the government's 'Make in India' initiative

ICEA wants bars raised for Chinese companies in Indian markets

Justifying its stance, the ICEA in a presentation said the country had big global EMS players from Taiwan and the US, and home-grown players that could meet the requirements here

Foxconn secures new manufacturing site in Vietnam after turmoil in China

Apple's biggest supplier Foxconn has secured a new site in Vietnam, as the Taiwanese giant shifts production away from China after facing major supply-chain disruptions

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 ...

Elin Electronics makes muted market debut; shares settle nearly 8% lower

Shares of electronics manufacturing services company Elin Electronics made a muted market debut on Friday and ended nearly 8 per cent lower against the issue price of Rs 247. The stock made its debut at Rs 243, a decline of 1.61 per cent against the issue price on the BSE. During the day, it fell 8.66 per cent to Rs 225.60. Shares of the company ended at Rs 227.80, lower by 7.77 per cent. At the NSE, the share of the company made its debut at Rs 244, lower by 1.21 per cent. It ended with a decline of 7.18 per cent at Rs 229.25. The company commanded a market valuation of Rs 1,131.24 crore on the BSE. In traded volume terms, 6.75 lakh shares of the company were traded at the BSE and over 80.19 lakh shares on the NSE during the day. The Initial Public Offer (IPO) of Elin Electronics was subscribed 3 times last week. The IPO had a fresh issue of up to Rs 175 crore and an offer-for-sale of up to Rs 300 crore, aggregating up to Rs 475 crore. The price range for the offer was Rs 234-2

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

Top headlines: Consumer protection rules, Infosys may overtake Cognizant

Business Standard brings you the top headlines at this hour

India may allow Chinese JVs with Indian cos for electronics manufacturing

Officials added that any proposal for a JV could be considered if that leads to the growth of the electronics manufacturing ecosystem in India

Electronics Mart makes strong debut; lists at 53% premium over issue price

The stock listed at Rs 90, a 53 per cent premium to its issue price of Rs 59 per share on the National Stock Exchange (NSE) on Monday.

Govt may clear semiconductor unit proposals in next 30-60 days: MoS IT

The government is likely to start approving proposals to set up electronic chip and display manufacturing plants in the country in next 30-60 days, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. Speaking at IESA Vision Summit, Chandrasekhar said there has been a tremendous progress in the development of the semiconductor ecosystem in the country in the last 8-9 months. The government has received proposals from five companies for setting up electronic chip and display manufacturing plants with investment of Rs 1.53 lakh crore. Vedanta Foxconn JV, IGSS Ventures, ISMC propose to set up electronic chip manufacturing plants with USD 13.6 billion investment and have sought support of USD 5.6 billion from the Centre under the Rs 76,000 crore Semicon India Programme. "Over the next couple of months, I think over next 30 to 60 days... Government of India and India Semiconductor Mission will be rolling out those proposals that have been scrutinized and that

Electronics supply chain must give equal access to everybody: Chandrasekhar

We expect transparency in supply chains from all players in the ecosystem, minister says

Syrma SGS Technology subscribed 37% on the first day of issue

Through the IPO, the company is planning to raise Rs 766 crore by issuing fresh shares

Sahasra Semiconductors plans to invest Rs 750 cr to set up memory chip unit

Electronics firm Sahasra Semiconductors has said it expects to become the first company to set up a memory chip assembly, test and packaging unit in the country and start selling locally-made chips

India emerged stronger despite huge loss due to Covid: Rajeev Chandrasekhar

Rajeev Chandrasekhar said the govt has been cognizant of the rapid pace of digitalization thrust upon the country by pandemic and the ability to face this calamity with resilience has been appreciated

Top headlines: Amazon to manufacture locally, SAT stays SEBI ban on Biyani

Amazon said it will begin making devices in India for the first time. More on that story and other headlines this evening.

Crompton Consumer: Strong demand, mkt share gains may help sustain growth

Jefferies estimates a 13% annual growth in topline during FY20-23, as well as margin expansion

Addressable market for OEMs likely to be over Rs 10 trn by 2025: Report

The addressable market for components manufacturers after deducting the conversions cost, handling charges, margins, etc is estimated at around Rs 6.5 to 7.5 trillion

Mobile companies commit Rs 11,000 cr investment under PLI scheme: ICEA

According to the estimates of India Cellular and Electronics Association (ICEA), mobile phone companies will increase devices production in the country to around Rs 27.5 trillion

Firms may look beyond mobiles to meet ambitious electronics goal

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

Make in India boost: Samsung, Foxconn, Lava likely to apply for PLI scheme

The government will offer the scheme to five global and domestic entities.