New Delhi, Feb 20 (IANS) The growing technological ties between India and Japan in the electronics hardware sector have emerged as a new factor in cementing the strong economic and strategic relations between the world’s largest democracy and Asia’s tech giant. As semiconductors, generative Artificial Intelligence (AI), and digital public infrastructure (DPI) redefine the nature of global influence, this burgeoning “tech alliance” stands as the most vital strategic partnership in the reg…
Latest Electronics Components Manufacturing Scheme News & Updates
Mumbai, Feb 14 (IANS) The tax holiday for foreign cloud service providers aims to “provide investment certainty, anchor high-value digital infrastructure within the country, and strengthen India’s role in global digital value chains,” the government said on Saturday.The Government has announced a tax holiday till 2047 in Budget 2026-27 for eligible foreign cloud service providers operating through India-based data centre infrastructure. Such companies’ income will be exempt from Indian t…
New Delhi, Feb 6 (IANS) The Union Budget 2026–27 emphasises policy continuity, fiscal prudence, and investment-led growth.India’s macroeconomic fundamentals remain strong, with growth indicators robust and fiscal targets achieved with relative ease.As noted in the Economic Survey 2025–26, GDP growth for 2025–26 is estimated at 7.4 per cent, while growth for 2026–27 is projected at 6.8 to 7.2 per cent.Against this backdrop, the Budget seeks to sustain the current growth momentum while str…
New Delhi, Feb 1 (IANS) In her budget presentation, Finance Minister Nirmala Sitharaman outlined measures to keep India’s economic engine running strongly despite global uncertainties, with the Narendra Modi government committing fresh resources to manufacturing expansion, semiconductor development, infrastructure upgrades, and incentives for data centre growth.The Finance Minister proposed raising capital expenditure by 9 per cent to reach Rs 12.2 lakh crore in 2026-27, marking one of the large…
New Delhi, Feb 1 (IANS) Industry body Nasscom on Sunday hailed the Union Budget 2026 for its thrust on technology as a core driver of inclusive, sustainable growth.Finance Minister Nirmala Sitharaman, in her ninth consecutive Budget, presented a forward-looking and consultative Budget that reinforces the partnership between government and industry.“The Budget reflects a continued focus on ease of doing business and on strengthening India’s position as a global technology and services powerho…
New Delhi, Feb 1 (IANS) Giving a thrust to ‘Make in India’ and domestic manufacturing, Finance Minister Nirmala Sitharaman on Sunday announced the launch of the India Semiconductor Mission (ISM) 2.0, while increasing the outlay for electronics component manufacturing to Rs 40,000 crore to strengthen local production and innovation.India’s Semiconductor Mission 1.0 expanded the country’s semiconductor capabilities, and building on this, the government will launch ISM 2.0 to produce equipm…
New Delhi, Jan 5 (IANS) Union Electronics and IT Minister Ashwini Vaishnaw on Monday said that ‘Bharat’ will become a major player in entire electronics stack — design, manufacturing, operating system, applications, materials and equipment.In an X post, the minister said that in a major milestone for Prime Minister Narendra Modi’s ‘Make in India’ and “our quest to become a producer economy, Apple ships $50 billion worth mobile phones in 2025”.“Electronics production has increased s…
New Delhi, Jan 2 (IANS) The industry on Friday welcomed the approval of 22 new proposals under the third tranche of the Electronics Components Manufacturing Scheme (ECMS) by the government, saying that it marks a decisive inflection point in India’s journey towards deep manufacturing and the creation of globally competitive Indian champions in electronics components.With this tranche, the total number of ECMS-approved projects rises to 46, taking cumulative approved investments to over Rs 54,5…
New Delhi, Jan 2 (IANS) The government on Friday approved 22 new proposals under the Electronics Components Manufacturing Scheme (ECMS), which are likely to receive Rs 41,863 crore worth investments and generate nearly 37,000 direct and indirect jobs — a move which is aimed at strengthening domestic supply chains and reducing import dependence for critical electronic components.The output from the 22 approved projects is projected at Rs 2.58 lakh crore. The approved proposals include applicatio…