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IEEMA welcomes PLI scheme for semiconductors, big boost for electronics industry
This is a huge positive step for the Indian electrical & electronics industry and will enable global competitiveness of Indian industry to ramp-up exports of finished products, said Vipul Ray, President, Indian Electrical & Electronics Manufacturer’s Association (IEEMA)Read more
Indian Govt to offer Rs 760 bn incentives for semiconductor industry
In total, Government of India has committed support of Rs 2.30 trillion ($ 30 billion) to position India as global hub for electronics manufacturing with semiconductors as the foundational building block.Read more
Syrma SGS Technology receives MeitY award
The Ministry of Electronics and Information Technology (MeitY) recognised Syrma SGS Technology Limited with an appreciation award for its outstanding contribution in IoT products manufacturing in IndiaRead more
MSME Ministry launches SCLCS scheme for services sector for tech upgradation
The Special Credit Linked Capital Subsidy (SCLCS) scheme will help in meeting the technology related requirements of enterprises in the services sector and has a provision of 25% capital subsidy for procurement of plant & machinery and service equipment.Read more
Industrial investments in India to rise 30% in FY22-24: CRISIL
Without PLI scheme, capex would have likely taken nearly two years to touch pre-pandemic levels, says CRISIL Research. PLI holds the potential to generate Rs 2.2 lakh crore worth of capex over the scheme period (3-4 years).Read more
Govt extends Credit Guarantee Scheme for Subordinate Debt till March 2022
The scheme - launched on June 24, 2020 to provide credit facility through lending institutions to the promoters of stressed MSMEs - was to end on September 30, 2021. Read more
Seize the export opportunity
The Government of India has set an ambitious target of reaching $ 400 billion in exports for the current year. With India achieving nearly a third of its annual target in the first four months of 2021-22, $ 400 billion seems to be within the reach. Read more
Optiemus Electronics partners with Wistron for making electronic products
OEL will invest Rs 13.5 billion in the next three to five years to increase its plants capacity. It intends to reach revenues of Rs 380 billion within the next three to five years in multiple product segments.Read more
Nitin Kunkolienker: Time has come for Indians to look beyond China
In this interview with Rakesh Rao, Nitin Kunkolienker, President, MAIT, explains how combining scale with design-centric approach can open up a lot of opportunities for India in electronics manufacturing.Read more
L&T Construction wins significant orders for various businesses
Businesses such as Power Transmission & Distribution and Buildings & Factories have been awarded contracts. The projects are in India and abroad in places like Dolvi, Ladakh, Ayodhya, Dubai, Africa, and Thailand.Read more