New Delhi, March 30 (IANS) The government on Monday approved 29 new applications under its electronics component manufacturing scheme, aiming to boost domestic production and investment in the sector.According to S Krishnan, Secretary at the Ministry of Electronics and IT (MeitY), these fresh proposals involve a cumulative investment of Rs 7,104 crore.He added that the new investments are expected to generate around 14,246 jobs, providing a significant push to employment in the electronics manuf…
Latest Electronics Manufacturing. News & Updates
New Delhi, March 25 (IANS) The bilateral trade between India and Taiwan recorded a robust 17 per cent increase in 2025, compared with the previous year, to touch the $12.5 billion mark, according figures compiled by the Taipei Economic and Cultural Center (TECC) here.India’s exports to Taiwan amounted to $3.3 billion, consisting of mineral fuels, aluminium, iron, steel, organic chemicals and plastics while Taiwan’s exports to India amounted to $9.2 billion, comprising mainly electronic integ…
New Delhi, March 13 (IANS) India is planning a new set of incentives to support domestic mobile phone manufacturing after its flagship production-linked incentive (PLI) scheme for the sector ends this month.The move is expected to benefit global smartphone makers such as Apple and Samsung, which have significantly expanded their production in the country in recent years, according to multiple reports.The government’s decision to continue supporting the industry comes at a time when India may l…
New Delhi, March 2 (IANS) India’s experience demonstrates that import substitution and export strength can move together when approached strategically. Across sectors, from mobile phones and medicines to automobiles and defence, the push is to build in India not only for domestic needs, but for global markets as well, according to an official factsheet issued on Monday.As local capacity expands and imports reliance falls, many industries also gain the scale to export more, strengthening the ex…
New Delhi, Feb 21 (IANS) Prime Minister Narendra Modi is scheduled to participate in the groundbreaking ceremony of the Rs 3,700 crore HCL-Foxconn joint venture project – India Chip Pvt. Ltd. – in the Yamuna Expressway Industrial Development Authority (YEIDA) area near the Noida International Airport in Jewar, Uttar Pradesh on Saturday via video conferencing.The establishment of the semiconductor facility by Taiwanese electronics manufacturing giant Foxconn and India’s HCL Group marks a signific…
New Delhi, Feb 20 (IANS) Prime Minister Narendra Modi is scheduled to participate in the groundbreaking ceremony of the Rs 3,700 crore HCL-Foxconn joint venture project – India Chip Pvt. Ltd. – in the Yamuna Expressway Industrial Development Authority (YEIDA) area near the Noida International Airport in Jewar, Uttar Pradesh on Februray 21 via video conferencing, according to a PMO statement issued on Friday. The establishment of the semiconductor facility by Taiwanese electronics manufacturing g…
New Delhi, Feb 13 (IANS) India’s share in global electronics demand has expanded at a rapid compound annual growth rate (CAGR) of 17.2 per cent, significantly outpacing global growth of 4.4 per cent between 2015 and 2024, driven primarily by the sharp rise in mobile phone exports, according to NITI Aayog’s Trade Watch Quarterly report for July-September 2025-26, launched on Friday.Between 2016 and 2024, electronics exports increased nearly five-fold, reaching USD 42.1 billion. With global elec…
New Delhi, Feb 8 (IANS) The manufacturing of electronic components is growing rapidly and 46 approvals have been granted — with Karnataka is set to receive investments exceeding Rs 10,000 crore, according to Union Minister Ashwini Vaishnaw.In Budget 2026-27, Finance Minister Nirmala Sitharaman increased the budget for the electronic component manufacturing scheme from Rs 22,000 crore to Rs 40,000 crore. This will significantly accelerate the electronics manufacturing journey. “Our Prime Mini…
New Delhi, Feb 2 (IANS) Union Budget 2026‑27 marked a “pragmatic approach” with “no fireworks,” laying the groundwork for a stable medium‑term growth environment, without focusing on immediate catalysts for equity markets, a report has said.Global Brokerage Jefferies India in the report lauded the renewed emphasis on capital expenditure, particularly in defence, which was enabled by slower fiscal consolidation.The brokerage also welcomed support for data centres and electronics compo…
Davos, Jan 21 (IANS) Assam Chief Minister Himanta Biswa Sarma on Wednesday said that the state’s engagement with global industry leaders at the World Economic Forum (WEF) Annual Meeting in Davos has opened up promising avenues for future investment and collaboration. In a post on social media platform X, the Chief Minister noted that over the last three days, he interacted with more than 20 leading business figures, exchanging views on how Assam offers a unique and competitive ecosystem across…