India’s electronic manufacturing industry is set to grow at an annual growth rate of 41 per cent until FY 26, as per a recent report by Equiris Securities. The report says that by FY 26, the electronic manufacturing market in India is expected to reach Rs 5,980 billion, a significant leap from its valuation of […]
Mobile phone manufacturing in India has experienced a remarkable 21-fold increase in value, reaching Rs 4.1 lakh crore over the past decade, according to a statement from the India Cellular and Electronics Association (ICEA). This surge is attributed to government policies such as the Production Linked Incentive (PLI) scheme, which attracted global players and enhanced […]
The electronics manufacturing industry has met its objectives set a decade ago, becoming the world’s second-largest maker of mobile phones, generating products worth Rs4.1 lakh crore, according to an industry body. The India Cellular and Electronics Association (ICEA), which represents the leading smartphone brands and manufacturers, estimates that the sector ended the decade with 2.45 billion […]
The latest data from the commerce department revealed that China’s total shipments of personal computers and laptops to India stood at 89.4 per cent in December, which when compared to the period from April to December was found to be at 76.4 per cent in FY 2024. December spelled a different story for China’s imports […]
In a significant development, the Competition Commission of India (CCI) has granted approval for the complete acquisition of Wistron Infocomm Manufacturing (India) by Tata Electronics. The proposed deal involves the acquisition of the entire equity share capital of Wistron Infocomm Manufacturing (India) from SMS Infocomm (Singapore) and Wistron Hong Kong by Tata Electronics, a greenfield […]
Pegatron Corporation, a major supplier to tech giant Apple, has announced an investment of Rs 1,000 crore in Tamil Nadu. The investment is targeted at establishing a computing, communications, and consumer electronics manufacturing unit, bringing with it the promise of generating employment for approximately 8,000 individuals. The Memorandum of Understanding (MoU) formalising this investment was […]
Domestic electronics manufacturing has witnessed a remarkable increase in the past decade, growing by over 400 per cent to reach a staggering Rs 8.22 lakh crore in FY 2022-23. As informed by Minister of State for Electronics and IT Rajeev Chandrasekhar in the Lok Sabha, India’s domestic mobile phone manufacturing has achieved a milestone, with […]
Hon Hai Precision Industry Co., the company that manufactures iPhones, is planning to invest another NT$50 billion (USD 1.6 billion) in construction projects in India to expand its footprint in the country. The company made the announcement in an exchange filing in Taiwan on Monday, stating that the investment will be for operational needs, without […]
Prime Minister Narendra Modi virtually interacted with CEO of Google and Alphabet Sundar Pichai earlier on Monday. During the interaction, PM Modi and Pichai discussed Google’s plan to participate in expanding the electronics manufacturing ecosystem in India. Prime Minister appreciated Google’s partnership with HP to manufacture Chromebooks in India. Prime Minister acknowledged Google’s 100 languages […]
The export of mobile phones from India almost increased by 100 per cent to around Rs 45,700 crore till August of the current financial year, as estimated by industry body ICEA. According to ICEA, the mobile phone export from India between April-August 2023 was around Rs 24,850 crore. Apple exported mobile phones worth more than […]
