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India's 2023 exports decline 5.3%, electronics shines amid challenges

According to the Global Trade Research Initiative (GTRI), India's merchandise exports are projected to decrease to $429 billion in 2023 from $453 billion in 2022, representing a 5.3% fall.Read more

Corning Inc invests Rs 10 bn in Tamil Nadu for Apple supplier manufacturing facility

The new facility will be situated in Pillaipakkam, near Sriperumbudur, on a 25-acre plot, with the option for expansion as needed.Read more

Dixon's Padget Electronics secures contract with Lenovo for IT hardware products

Dixon Technologies, an electronics manufacturing service provider, will be responsible for producing notebooks and laptops for Lenovo, which recently edged ahead of Dell to become the second-largest PC brand in the September quarter.Read more

Sahasra Electronics to invest Rs 3.5 bn on semiconductor packaging

Noida based company to use funds for over next 3 yearsRead more

Indian defense firms secure global rankings amidst rising arms demand

The Stockholm International Peace Research Institute (SIPRI) recently published a report, disclosing that HAL, BEL, and MDL, all Indian defense PSUs, secured positions among the top 100 arms-producing companies.Read more

India's electronics manufacturing skyrockets: 4-fold surge to Rs 8.22 tn in a decade

Minister of State for Electronics and IT Rajeev Chandrasekhar informed the Lok Sabha that India has now reached a stage where 99.2 per cent of mobile handsets being used in the country are manufactured domestically.Read more

Oakter secures approval in PLI 2.0, paving way for high-tech manufacturing

Oakter is currently underway with the development of an indigenous tablet within the PLI framework, with plans to commence manufacturing within the next 90 days.Read more

India aims for 40% local value addition in phone manufacturing to boost global competitiveness

S Krishnan, Secretary at the Ministry of Electronics and Information Technology (MeitY), outlined this goal during the Global Tech Summit 2023 organised by Carnegie on December 5.Read more

PLI Scheme spurs 500,000 jobs in mobile industry: Minister

Speaking at the inauguration of Padget Electronics' Rs 256 crore smartphone manufacturing facility in Noida, Uttar Pradesh, Ashwini Vaishnaw expressed confidence in the development of the electronic components ecosystem.Read more

Why automation is key for India's $1 trn manufacturing economy?

Manufacturing sector, which contributes approximately 16 per cent to India's GDP, aims to reach $1 trillion by elevating its contribution substantially to around 25 per cent. In this article, Rakesh Rao explains why digital manufacturing will be the key to achieve this goal.Read more

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