One of the largest markets globally, the electronics industry in India is expected to grow at a CAGR of 24.4 per cent between 2012 and 2020. In the next four years alone, the market in India is expected to reach $400 bn. Tapping into this huge market, ASUS India PC & ROG Head, Arnold Su, in a conversation with Indian Retailer, shares how the ecommerce marketplace is helping electronics market, why ASUS is becoming popular in tier II and tier III cities and what’s their go-to expansion strategies.
(ASUS India, Sep 26, 2018)
Polysilicon for Electronics Market report consists of market overview and dynamics, strategic company developments, historic and forecast revenue by product phase, major key organizations, and international alternate angle. The report examines micro and macro-monetary factors governing the general growth of the Polysilicon for Electronics market and makes projections of the general market by the give up of the forecast period.The report comprises market key vendor’s discussion based on the company’s summary, Profiles, financial analysis, market revenue, and opportunities by top geographical regions. The report covers the present scenario and the growth prospects of the global Polysilicon for Electronics market for 2017-2022. To calculate the market size, the report includes the major application segments and their share in the global Polysilicon for Electronics market.
(Chronicle India, Sep 22, 2018)
It seems rural Gujarat is yet to understand the vision of the central government that is trying to make transactions digital. A study sponsored by the Gujarat government on understanding digital financial literacy in the state, a team of experts from Gujarat National Law University (GNLU) found that even when the government has been aggressive in pushing for the Indian economy to be cashless, the ground reality is stark difference. The study 'Digital Financial Literacy through Digital India: Study of its impact in the rural areas of three districts of Gujarat' conducted by professors Garima Goswami and Anu Mishra have found that there has not been any significant change in the mode of transaction. Even today, the majority of the transactions are conducted through offline mode and therefore there is a huge gap in what the government is aiming at and what the ground reality is.
(DNA, Sep 22, 2018)
Minister for IT, Electronics and Communication Nara Lokesh has said the State government aims to have electronic manufacturing industry worth $240 billion in Andhra Pradesh. He said the State government was taking steps for achieving the target by creating a robust ecosystem to invest in AP. Lokesh, on the first day of his six-day visit to China on Sunday, interacted with China Telugu Association members in Beijing, and pitched AP as the potential investment destination. “According to the projections, India will be a $480 billion market for electronic goods in the coming years. Our target is to manufacture at least half of the electronic products sold in India,” the minister observed. He also appealed to the Telugu diaspora to promote Andhra Pradesh as an investment destination to the companies they are working in. “You are the brand ambassadors of our State,” he said.
(Indian Express, Sep 17, 2018)
India and Central Asias biggest country Kazakhstan are hoping to launch an initiative this week to put in place a mechanism for Information Technology partnership. Deputy Prime Minister of the Republic of Kazakhstan Askar Zhumagaliyev will arrive to India with an official visit, from September 20 to 21.
During the visit, Askar Zhumagaliyev will hold a meeting with Minister of Electronics & Information Technology of India Ravi Shankar Prasad, management of leading state-owned and private IT companies and visit a number of technological facilities of India in Delhi and Bangalore. The two sides will discuss the possibility of further strengthening bilateral relations in the field of information technologies.
(ET, Sep 17, 2018)
Chinese smartphone major Xiaomi on Wednesday opened its first company-owned brick-and-mortar Mi Home store in India taking its retail foreign direct investment (FDI) plans to the next stage after started selling directly to consumers from its own app and e-commerce site, mi.com. The store opened shutters in Bengaluru, Xiaomi India magaing director Manu Kumar Jain tweeted on Wednesday. “Mi Fans can experience vast array of products that we offer globally – smartphones, Mi TVs, Mi Projector, Mi Robot Vacuum Cleaner, Mi Washing Machine, Mi Heater, Mi Bike, Mi Scooter, Mi Ninebot & a lot more. This is a COCO (Co. Owned Co. Operated) store. This is an opportunity to take your valuable feedback about the next cool #Xiaomi product to launch in India,” he tweeted.
(ET, Sep 26, 2018)
India currently produces 225 million phones valued at Rs 1,32,000 crore a year, which amounts to 12 phones a second, said Josh Foulger, Country Head & Managing Director, Foxconn International Holding, India. Addressing the Advantage India Summit organised by the Confederation of Indian Industry (CII) in association with Messe Munchen GmbH, Foulger said: “India today is the second largest producer of mobile phones, a distant second to China, which produces 900 million phones a year.” Elaborating on the growth of the mobile sector in India, Foulger said in financial year 2017-18 the country’s mobile phone imports reduced by more than half and the import of completely-built-units came down from 78 per cent to 18 per cent.
(BS, Sep 26, 2018)
Electronics major Samsung India is expecting further growth in the system AC HVAC (heating, ventilation and air-conditioning) business over the next two-three years, director (system AC) of the company Vipin Agrawal said here Friday. The company has several products under the portfolio, including air-conditioners equipped with wind-free technology, largest capacity VRF (variable refrigerant flow) outdoor unit with 30HP, 14HP side-discharge VRF outdoor unit and slim 1-way cassette. "The market size for these products is about $200 million. We are the fastest growing brands in the industry," Agrawal told reporters. To a query, he said, "The company is growing three to four times more than the industry. The industry is growing at about 10-15 percent".
(PTI, Sep 21, 2018)
Over the last two decades, China has been the hardware base of the world, while India has been the software base. With the new Samsung factory coming in, will India turn the tide and become the world’s hardware capital? The South Korean giant’s mobile phone factory at Noida will be the largest in the world, and close to 30% of the handsets made there will be exported. What does this signify for India? Can India overtake China in manufacturing supremacy? What should the government do to maintain the momentum? The coming of the Samsung factory might do to electronics manufacturing what Maruti did to the auto industry in the 1990s. When Maruti came in collaboration with Suzuki, the industry suddenly saw disruption. Suzuki brought scientific manufacturing techniques. And, the auto manufacturing industry here went on an upward trajectory.
(ET, Sep 22, 2018)
Foreign companies left out of the deliberations in the initial round of the e-commerce policy have approached the government to be consulted by the committee of secretaries. During the initial discussions on the draft e-commerce policy released in July, the government had invited e-commerce and internet companies with Indian-led promoters to be part of the task force that deliberated on the draft policy, leaving the foreign companies upset. This time, Industries bodies like US-India Strategic Partnership Forum (USISPF) have sent formal representations to the ministry of commerce and industry to be included in the drafting of the e-commerce bill.
(The Indian Wire, Sep 22, 2018)
Make in India just got a shot in the arm from electronics manufacturing. In the past few weeks, brands such as Xiaomi, TCL, Skyworth, BPL and Thomson — which until recently were importing televisions for sale in the country — have started local production at the component stage, three senior industry executives said. Even top brands like Sony and LG are now expanding production of televisions in India at the parts stage — as opposed to just assembling imported modules — after the government changed the duty structure earlier this year to make local manufacturing cheaper by 5-7%. The shift includes premium OLED and 4K models that cost a few lakh rupees. The companies are now locally assembling the TV panel itself as well as manufacturing printed circuit boards (PCB) and moulds.
(ET, Sep 10, 2018)
Chinese smartphone manufacturer Xiaomi has scaled up manufacturing in India over the last three years. Now it has the capacity to roll out two phones every second, said Raghu Reddy, Head, Category and Online Sales, Xiaomi India. From one factory in 2015, the company has six located across Tamil Nadu, Andhra Pradesh and Uttar Pradesh, he told newspersons at the launch of three new smart phones — Redmi 6, Redmi 6A and Redmi 6 Pro. “This year, we have started making printed circuit boards that account for 50 per cent of the value of the phone. About 50 per cent of the phones that we are shipping come with locally manufactured PCB. We want to be in a place by the end of the year, where 100 per cent of phones that we are shipping out of the country have locally manufactured PCBs,” he said. Xiaomi India is also customising phones for India. This is not about software tweaks but about the phone itself. For instance, the new phones launched today have dual pyrolytic graphite sheets to dissipate heat faster. The sheets help reduce the surface temperature by two degrees. When the ambient temperature is 40-45 degrees, two degrees can hurt the user while speaking. The sheets also increase battery efficiency and battery life, he said.
(BusinessLine, Sep 07, 2018)
Xiaomi Corp. is now storing data generated in India on local servers, after the nation’s government indicated that concerns about security breaches may lead to rules mandating domestic data storage for overseas smartphone firms. Since July 1, all new Indian user data have been stored on local servers provided by Amazon.com Inc. and Microsoft Corp., while all existing data will be fully migrated to local servers by mid-September, the world’s fourth-largest smartphone-maker said on its corporate blog Monday, posting a statement dated Friday. Xiaomi said it had previously been storing user data on Amazon.com servers in the U.S. and Singapore.
(Caixin, Sep 03, 2018)
The consumer electronics industry fears the government’s move to restrict non-essential imports might lead to increase in custom duties on premium televisions and appliances, which would increase prices. Senior industry executives said products such as side-by-side refrigerators, large front-load washing machines, microwave ovens, dish washers, cloth dryers, appliances in built-in kitchens, premium air-conditioners and large screen televisions are mostly imported, and likely to be taxed.
(ET, Sep 17, 2018)
Minister for IT, Electronics and Communication Nara Lokesh has said the State government aims to have electronic manufacturing industry worth $240 billion in Andhra Pradesh. He said the State government was taking steps for achieving the target by creating a robust ecosystem to invest in AP. Lokesh, on the first day of his six-day visit to China on Sunday, interacted with China Telugu Association members in Beijing, and pitched AP as the potential investment destination. “According to the projections, India will be a $480 billion market for electronic goods in the coming years. Our target is to manufacture at least half of the electronic products sold in India,” the minister observed.
(Indian Express, Sep 17, 2018)
The government of Haryana informs that decks have been cleared for the setting up of a centre of Software Technology Park of India (STPI) in Panchkula with the Haryana Government deciding to transfer land measuring 8049.71 square meters to STPI, Noida for the specific purpose of setting up of STPI of STPI centre at Panchkula. The land would be given free of cost/leasehold basis for 99 years at the rate of Re. one per year. A Memorandum of Understanding (MOU) will also be signed between HARTRON and STPI, Noida for this purpose. A decision to this effect was taken in the meeting of State Cabinet held under the Chairmanship of Chief Minister, Mr Manohar Lal here today. Panchkula has potential to attract IT due to proximity of Technical Institutions and Universities, the presence of software firms in Tricity, Chandigarh being made a smart city, good law and order scenario, healthy climate and high accessibility due to the proximity of the international airport, national highway and railways passing through Panchkula.
(ProjectNewsin, Sep 05, 2018)
The India’s electronic product industry is one of the largest in the world and is expected to reach a turnover of $400 billion in 2022. Total production of electronics hardware goods in India is estimated to reach $104 billion by 2020, says Sameer Saxena, Director (Marketing)- Legrand (Group) India. Legrand is a global specialist in electrical and digital building infrastructure. In India, it has been a leader in the protection business for over two decades, and leverage global knowledge to customize offerings locally, delivering end-to-end solutions across categories and sectors, from residential and commercial, to hospitality and industrial. Legrand has progressively developed product ranges for wiring devices, home automation, door entry, lighting management systems, cable management and structured cabling to add to their core offerings of circuit breakers and distribution boards. “The acquisition of established companies like Numeric and Valrack further strengthened Legrand’s promise of complete solutions, and makes them a preferred partner across segments,” Sameer Saxena, Director (Marketing) - Legrand (Group) India, tells Jayarama Emani
(Hans India, Sep 03, 2018)
With bond yields spiking and the rupee losing more value every day, India’s macroeconomics is fast deteriorating. The timing is really unfortunate because there are signs of an incipient recovery in the economy; consumption, for instance, has been in fairly good nick. But with loan rates having moved up by 15-20 basis points over the past month—State Bank of India’s marginal cost of funds-based lending rate (MCLR) is now a not-so-low 8.45%—it is hard to see how companies are going to be convinced to borrow much more. Indeed, with much of the government’s borrowings scheduled for the second half of the year, rates are going to rise faster than one could have imagined even three months back. The average yield on corporate bond—across maturities—rose to a near two-and-half-year high of 9.1% in August. Had banks been armed with a little more capital, and had there been less fear of further delinquencies, they might have been willing to keep loan rates a little lower. But liquidity isn’t as abundant as it should be, going by how the corporate bond markets actually saw negative net issuances in the June quarter, while net flows into equity mutual fund schemes have now decelerated for nearly nine months in a row. The rate of growth of bank deposits has averaged 8% y-o-y in FY19 so far, and there is not much of a base effect since, in no fortnight after August, 2017, has the growth been in double digits.
(FE, Sep 10, 2018)
With concerns being raised on some proposals of the draft e-commerce policy, the government has set up a group of secretaries to look into the issues, according to an official. The group will be chaired by the secretary in the department of industrial policy and promotion (DIPP). The other members of the group include secretaries of the ministry of electronics and information technology and department of commerce Representatives of Niti Aayog and department of economic affairs are also members of the group. "The group would look into all the issues of e-commerce sector," the official said. The first meeting of the group is likely to be held this week.
(ET, Sep 09, 2018)
While the International Monetary Fund may have revised its estimates for India’s growth this year, the Central Statistics Office (CSO) announced that the Indian economy grew by 8.2% between the months of April to June. This puts India at the helm as the world’s fasting growing economy beating China’s top spot., which witnessed a growth of 6.7%. The Finance Minister tweeted that the reforms put in place by government as well as the fiscal prudence shown by the regulators that are allowing the economy to grow even in the midst of global turmoil. That being said, overtaking China might have a lot to do with the ongoing trade war between the Asian nation and the United States.
(Business Insider India, Sep 03, 2018)