VOL XXV, ISSUE 07

15 April 2024

  POLICY SCAN                                                                             

Notification on India’s Strengthens Security Measures for CCTV Cameras: Mandatory Testing and Compliance Orders Issued by MeitY dated 9th April 2024:

On April 9, 2024, the Ministry of Electronics and Information Technology (MeitY) of the Government of India issued a notification introducing amendments to the Compulsory Registration Order (CRO) for Closed Circuit Television (CCTV) cameras.

The notification made it mandatory to test the ‘essential security parameters’ of CCTV cameras. This step was taken to ensure the security and integrity of CCTV Cameras and Internet of Things (IoT) Devices.

CCTV Camera: The following entry shall be added at S. No. 41 in the Schedule of the "Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order, 2021":

Manufacturers are now required to submit test reports from Bureau of Indian Standards (BIS)-recognized labs, such as the Standardisation Testing and Quality Certification (STQC). The order will be effective from October 9, 2024, giving the industry enough time to prepare.

This move is seen as a significant step towards enhancing the security of CCTV systems and protecting them from potential threats and unauthorized access. It also addresses growing risks associated with CCTV systems, including data security, privacy breaches, hacking, and cyber-attacks.

For more details, you can visit the official website of the Meity. https://www.meity.gov.in/esdm/standards

DGFT Policy Circular No. 01/2024-DGFT dated 12th April 2024: DGFT Policy Circular Provides Clarity on Export Obligations for Advance Authorisation Holders

The Directorate General of Foreign Trade (DGFT) has issued Policy Circular No. 01/2024-DGFT, addressing concerns regarding the discharge of export obligations for Advance Authorisation (AA) holders.

Here's a detailed analysis:

1. Options for AA Holders under Customs Notification No. 18/2015-Customs (Para 7.02(A) (a) of FTP 2015-2020):

1. AA holders issued on or after April 1, 2015, are provided with the option to fulfill export obligations through physical exports or domestic supplies. This interpretation aligns with Para 4.14 of FTP 2015-2020 and Customs Notification No. 01/2019-Customs, granting flexibility to AA holders.

2. AA holders can choose between:

1. Supply of goods against Advance Authorisation/Advance Authorisation for annual requirement/DFIA (Para 7.02(A) (a) of FTP 2015-2020).

2. Supply of goods to EOU/STP/EHTP/BTP (Para 7.02A (b) of FTP 2015-2020).

3. Supply of capital goods against EPCG authorization (Para 7.02(A) (c) of FTP 2015-2020).

2. Options for AA Holders under Customs Notification No. 21/2015-Customs:

1. AA holders under this notification have similar options for fulfilling export obligations

The policy circular issued by DGFT offers crucial clarity for AA holders regarding the discharge of export obligations. By providing flexibility in fulfilling export obligations through physical exports or domestic supplies, the circular aims to streamline trade processes and support exporters. This guidance empowers AA holders to make well-informed decisions and ensures compliance with regulatory requirements.

DGFT Trade Notice 01/2024-25 dated 2nd April 2024

Streamlining India's Foreign Trade with Enhanced Digital Processes

The Directorate General of Foreign Trade (DGFT), under India's Ministry of Commerce and Industry, has issued Trade Notice 01/2024-25 dated 2nd April 2024, aimed at revolutionizing the submission of digitized Aayat Niryat Forms (ANFs), Appendices, and related documents.

Here's a detailed analysis:

1. Digitization Drive: DGFT emphasizes the shift towards online submission for ANFs and Appendices, aligning with the broader goal of enhancing transparency and efficiency in foreign trade operations.

2. Online Accessibility: Importer-Exporter Code (IEC), Registration-cum-Membership Certificates (RCMCs), and MSME status are now readily accessible online. This accessibility streamlines processes and promotes transparency in trade dealings.

3. Certification Simplification: Efforts are underway to digitize certification processes, allowing certifying authorities to digitally endorse documents on the DGFT portal. Until fully digitized, physical copies may be uploaded online.

4. Submission Protocol: No physical or soft copies of digitized documents need to be submitted to DGFT or its Regional Authorities. Similarly, such documents are not required alongside online applications, simplifying the submission process.

5. Communication Channels: Deficiency letters and correspondences are to be conducted solely online. This eliminates the need for paper responses, ensuring efficient communication.

6. Communication Channels: Deficiency letters and correspondences are to be conducted solely online. This eliminates the need for paper responses, ensuring efficient communication.

7. Feedback Mechanism: Stakeholders can provide feedback or address concerns via email to DGFT HQ, ensuring prompt attention and continuous improvement in trade facilitation.

Trade Notice 01/2024-25 reflects the government's commitment to digitizing trade processes, thereby promoting efficiency and transparency. By adhering to online submission requirements and communication channels, stakeholders can navigate trade procedures seamlessly, contributing to India's global market growth.

CBIC Notification No. 07/2024 dated 8th April 2024

Relief for GST Filers Facing Technical Glitches

The Ministry of Finance, through the Central Board of Indirect Taxes and Customs (CBIC), has issued Notification No. 07/2024 dated 8th April 2024, under the Central Goods and Services Tax Act, 2017. This notification addresses the imposition of a 'Nil' interest rate for registered persons encountering technical glitches while filing returns in FORM GSTR-3B by the due date.

The notification outlines eligibility criteria based on Goods and Services Tax Identification Numbers (GSTINs) for registered persons who experienced technical issues on the portal despite having sufficient funds in their electronic cash ledger or credit ledger, or having deposited the required amount through challan. It specifies the months, ranging from June 2017 to October 2018, for which the interest rate is considered 'Nil', providing clarity on eligibility.

The provision of a 'Nil' interest rate aims to alleviate situations where technical glitches hindered compliance, acknowledging the inadvertent challenges faced by taxpayers. By waiving the interest, the government demonstrates its commitment to addressing issues beyond taxpayers' control.

Notification No. 07/2024 reflects the government's dedication to facilitating GST compliance while addressing challenges encountered by taxpayers. This provision underscores the government's responsiveness to technical issues impacting timely filing, ensuring fairness and efficiency in the GST regime. Taxpayers affected by such glitches can benefit from this measure, signaling a proactive approach to enhance ease of compliance and minimize hardships.

CBIC Notification No. 08/2024-Central Tax dated 10th April, 2024: Central Government Amends GST Notification: Effective Date Shifted to May 15, 2024

 

CBIC Notification No. 08/2024-Central Tax dated 10th April 2024

Issued under the authority of the Central Goods and Services Tax Act, 2017, amends a previous notification dated January 05, 2024.

The Central Government, exercising authority under section 148 of the Central Goods and Services Tax Act, 2017, has amended Notification No. 04/2024-Central Tax, dated January 5, 2024. Specifically, paragraph 4 of the mentioned notification, which originally set April 1, 2024, as the effective date, is now changed to May 15, 2024. This amendment will be effective from April 1, 2024.

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         INDUSTRY  SCAN                                                                             

General

China and the US reshaping their semiconductor supply chains present both challenges and opportunities for India: Chris Miller

The semiconductor chip war has intensified amid rising geopolitical tensions and strained ties between the US and China. Diversifying the chip supply chain and gaining AI chip dominance have become more important than ever. Currently, most of the world’s chips are designed in the US and manufactured in Asia. The most-sought-after advanced silicon chips are made in Taiwan and South Korea. Over 90 percent comes from the Taiwan Semiconductor Manufacturing Company (TSMC). National security concerns and having the world's best chips have prompted the US to bolster domestic chip production.  In the coming years, there is going to be more emphasis on chip design. Because most of the advances we see will accrue from better design techniques as opposed to better manufacturing techniques. A lot of innovation is happening in the packaging space. And there's also a need for diversification, because today, China is by far one of the largest players in testing and packaging, and the rest of the world is quite reliant on China in ways that bring up some serious diversity of supply risk.

Source: By Naandika Tripathi, https://www.forbesindia.com/, April 11, 2024

India can replace China as major semiconductor manufacturer, says Taiwan FM Joseph Wu

Taiwan Foreign Minister Joseph Wu expressed his optimism that India could replace China as the major semiconductor manufacturer as "China may not be a reliable partner in high-tech production". The comments come even as Taiwan company PSMC and Tata Group have come together for India's first semiconductor fab in Gujarat's Dholera. "People have started to understand that China may not be a reliable partner in high tech production, and therefore people are looking for an alternative and when people see India, which is a democracy, which is a reliable partner, and which also provides an abundance of skilled engineers and labourers. So making investments in India or entering into cooperation with Indian electronics or manufacturing becomes a viable option," said Taiwanese Minister Joseph Wu.

Source: https://www.wionews.com/, April 12, 2024

Dutch NXP Semiconductors to double R&D presence in India; eyes DLI participation

Dutch chipmaker NXP Semiconductors is increasing investments to double research and development (R&D) presence in India over the next three to five years and is also examining the possibility of partnerships in the space of wafer fabrication as well as testing and packaging space in the country, a top executive has said. The company will also apply for the design-linked incentive (DLI) scheme once the Indian government opens it up for multinational companies. It is already in touch with the Ministry of Electronics & Information Technology (MeitY). The company is looking at system design, Artificial Intelligence, software, and hardware competencies. “We are looking at all possibilities for how we continue strengthening our R&D in this region to stay ahead of our competition.”

Source: By Danish Khan, https://www.moneycontrol.com/, April 10, 2024

India's first semiconductor fab to begin production in 2026

Tata Group aims to begin commercial production from India’s first semiconductor fabrication unit by 2026, an aggressive timeline considering the country’s long wait to become self-reliant in chips that power technology ranging from smartphones to defence systems. Tata Electronics Pvt. Ltd’s plant in Assam will begin with producing semiconductor chips starting at 28 nanometres, said N. Chandrasekaran, chairman of Tata Sons, the group’s holding company. The plant will start production by late 2025 or early 2026, serving a variety of sectors including automotive, power, electronics, consumer, and medical, he said. The unit is among a few semiconductor fabrication projects that India has approved, which includes another plant in Dholera, Gujarat by Tata-PSMC, a partnership between Tata Electronics and Taiwan’s Powerchip Semiconductor Manufacturing Corp.

Source: By Gulveen Aulakh, https://www.livemint.com/, April 11, 2024

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Information Technology

US blacklists 4 Chinese tech companies for helping China's military

Amid escalating tensions between the US and China, the US Commerce Department has blacklisted four Chinese companies for supplying artificial intelligence (AI) chips for China’s military modernisation programmes, according to a report in The Times of India. This move comes as a part of the efforts of the US government to safeguard sensitive American technology from being utilised for military purposes in China. According to the report, the four blacklisted companies include Linkzol (Beijing) Technology Co, Xi'an Like Innovative Information Technology Co, Beijing Anwise Technology Co, and SITONHOLY (Tianjin) Co. These companies were part of the 11 new additions to the Commerce Department Entity List this week. The list serves as one of the measures used by the US government to prevent sensitive American goods and technology from reaching unauthorised entities. Additionally, the US has implemented broad restrictions on exporting advanced semiconductors and chip-making equipment to China to prevent the transfer of US technology to support China’s military modernisation efforts.

Source: by Abhijeet Kumar, https://www.business-standard.com/, April 13, 2024

IDC and Kuwait’s Central Agency for Information Technology will explore how CIOs embrace the AI era

The Kuwaiti government continues to push its digital agenda, in line with the Kuwait Vision 2035 and Kuwait 2040 Upstream Strategy. Across the public and private sectors, organizations are embracing different technologies and establishing digital-first mandates to be at par with their regional counterparts. Many of Kuwait’s leading organizations will now explore and invest in GenAI use cases. IDC believes these organizations need to be ready for an “AI Everywhere” world. IDC forecasts annual spending on AI-centric systems worldwide will surpass 300 billion USD by 2026, while ICT spending in Kuwait will exceed 5.5 billion USD by 2024. Supported by Kuwait’s Central Agency for Information Technology (CAIT), the summit will feature a distinguished lineup of speakers and thought leaders at the forefront of digital transformation. Dr.  Ammar H. AlHusaini, Acting Director General of CAIT, will deliver the opening address, setting the stage for insightful discussions and strategic insights.

Source: By Andrea Benito, https://www.cio.com/, April 11, 2024

IIIT-B develops tech to empower blind students, aims to promote inclusivity

According to a report published in the Indian Journal of Ophthalmology in 2022, there is an estimated 4.95 million blind persons and 70 million vision-impaired persons in India, out of which 0.24 million are blind children. However, this number could soon become less of a hindrance for the visually impaired as students from the International Institute of Information Technology-Bangalore (IIIT-B) developed a first-of-its-kind technology to help vision-impaired students get a seamless learning experience in physical classrooms. The idea was to create something that would help the visually impaired track what professors are teaching in live classes. The technology comes with hardware which is mounted on the finger and uses a digital board. When the student puts his/her finger on a flat surface, the board is virtually mapped on it. The vibration inside the finger device will help them trace the shape of the diagrams, figures or text on the digital board.

Source: https://www.newindianexpress.com/, April 13, 2024

ChatGPT becomes more ‘human’ with new update; here’s how it will change your experience

As ChatGPT, OpenAI’s viral AI-powered chatbot gets a big upgrade, the industry sees a more updated version of ChaGPT. On April 13, OpenAI announced that premium ChatGPT users, customers paying for ChatGPT Plus, Team or Enterprise can now leverage an updated and enhanced version of GPT-4 Turbo. GPT-4 is one of the models that powers the conversational ChatGPT experience. Reportedly this new model (“GPT-4-turbo-2024-04-09”) is expected to make improvements in writing, math, logical reasoning and coding. OpenAI mentioned that the new feature will include a more up-to-date knowledge base. The new model was trained on publicly available data up to December 2023, compared to the previous edition of GPT-4 Turbo available in ChatGPT, which had an April 2023 cut-off. 

Source: By Poulami Saha, https://www.financialexpress.com/l, April 13, 2024

OpenAI fires two researchers for allegedly leaking information: Report

AI research organisation OpenAI fired two of its researchers for allegedly leaking information, according to a new report published Friday. The two people fired reportedly include Leopold Aschenbrenner, a close associate of OpenAI chief scientist Ilya Sutskever. The Information, which broke the story, reports that it is not clear what information was leaked. But there have been internal strikes and grievances within the OpenAI team. Sam Altman, the company’s CEO was forced out of his chief position as well as the board of directors last November in what seemed like a coup by Sutskever. OpenAI at the time announced in a blog post that it had no confidence in Altman’s ability to lead the company, adding that he was “inconsistent in his communications with the board, hindering its ability to exercise its responsibilities."

Source: https://indianexpress.com/, April 12, 2024

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Consumer Electronics

Retail India News: Amazon.in Witnesses 4X Year-on-Year Surge in Consumer Electronics and Personal Computing Customer Visits in Patna

In a significant development, Amazon.in has observed a remarkable fourfold increase in customer visits for consumer electronics and personal computing products in Patna compared to the previous year. This surge solidifies Amazon.in as the premier choice for shopping in the region. According to recent data, brands like boAt, HP, Fireboltt, and Noise have emerged as the top favorites among consumers in Patna for consumer electronics. Product categories including headphones, laptops, speakers, cameras, PC accessories, desktops, PC components, and wearables have witnessed an approximate fourfold year-on-year growth in customer visits from the area. Among these categories, headphones, smartwatches, and PC accessories have attracted the highest number of new customers on Amazon.in. This surge in demand reflects the evolving preferences and increasing reliance on online platforms for shopping in Patna.

Source: https://www.indianretailer.com/, April 09, 2024

Gamers, youth to drive growth for Dell this fiscal, says consumer biz head

Global technology major Dell Technologies is banking on gamers and college and school-going youth to drive its business this year, according to a senior company official. While launching new laptop models across XPS, Alienware and Inspiron portfolio, Dell Technologies Vice President and anaging Director for Consumer and Small Business Raj Kumar Rishi said that the company will stick to its strategy of bringing the latest technologies across various price points and focus on financing of laptops to make devices affordable for consumers. The company unveiled new XPS laptops with Intel Core Ultra 9 processor and Nvidia GeForce RTX 4060 GPU to support artificial intelligence applications.

Source: https://retail.economictimes.indiatimes.com/, April 09, 2024

Apple opens doors to used parts for iPhone repairs

In a significant move towards sustainability and consumer convenience, tech giant Apple has announced a groundbreaking update to its self-repair process. Starting this fall, select iPhone models will be eligible for repair using used genuine parts, marking a departure from the previous requirement of solely using new components, according to The Verge. The shift in policy addresses a long-standing concern among iPhone users and repair professionals alike. Previously, Apple's stringent parts pairing process mandated that any replacement part had to match the serial number of the device, leading to compatibility issues and intrusive notifications if aftermarket or used components were used. Particularly, vital functions like Face ID and Touch ID could be compromised with non-Apple parts, according to The Verge.

Source: https://economictimes.indiatimes.com/, April 12, 2024

Samsung launches AI-powered home appliances range

Consumer electronics maker Samsung India on Wednesday announced the launch of a range of AI-powered home appliances and said it aims to exceed customers' expectations in the fast-growing premium appliances market. The new range of appliances with bespoke AI (artificial intelligence) will ensure smarter living for Indian homes and reduce energy consumption, contributing to a greener planet, the company said. Samsung's bespoke appliances include refrigerator, air-conditioner, microwave and washing machine, which are powered by AI. These appliances with in-built internet connectivity, cameras and AI chips will help consumers manage these products through SmartThings app. Samsung claimed these appliances optimise energy savings using AI algorithm based on usage patterns and save up to 10 per cent energy in refrigerators, up to 20 per cent in air-conditioners and up to 70 per cent in washing machines.

Source: https://economictimes.indiatimes.com/, April 12, 2024

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Telecom

How Big Will the Next Tariff Hike Be?

Telecom operators in India have been waiting eagerly for the central elections or the Lok Sabha elections to be over. This is because they can only go for tariff hikes after that. The last time the Indian telecom sector witnessed a tariff hike, there was an increase of around 20-25% in the pricing of almost every plan. This time, according to an analyst (via RepublicWorld), the telcos will increase the tariffs by 15-17%. The elections will be over around June 1, 2024. The telco that is likely going to take the lead in increasing tariffs will be Bharti Airtel. While Airtel has been slowly increasing baseline tariffs in a phased manner, the telco has time and again affirmed its intention to raise tariffs. Airtel believes that the telecom sector in India doesn’t have healthy benefits. What the telco means is that the investment for the companies is extremely high, while the returns are very low. With the next tariff hike, Airtel is likely going to cross the ARPU (average revenue per user) figure of Rs 250 before the end of FY25.

Source: By Tanay Singh Thakur, https://telecomtalk.info/, April 11, 2024

Jio, Airtel likely to raise prices post 2024 Lokh Sabha Election: Everything we know so far

Major telecom operators like Airtel and Jio are likely to raise their tariff rates post the 2024 Lok Sabha elections, as per an analyst report from Antique Stock Broking. The largest democracy in the world is set to go to polls in seven phases between April 19 and June 4 with the results being declared on June 1. The analyst report quoted by PTI while calling the tariff rise as ‘imminent’ states that the telecom industry could witness a 15 to 17 percent hike in prices post the general election. Reportedly, Bharti Airtel could be the primary beneficiary of this price hike with its ARPU (Average Revenue Per User) going up from ₹208 to ₹286 by the end of FY 27. The brokerage expects Bharti Airtel's revenue to grow at twice the industry average in the next three years owing to hike in tariffs, 2G upgradation, growth of enterprise and Fibre to Home network and fall in capital expenditure after the 5G rollout. Bharti Airtel's capital expenditure is expected to be at ₹75,000 crore during the FY 24-26 period and the analysts predict there will be a ‘stark’ reduction in capex post the 5G rollout which could lead to a positive shift in the telecom sector.

Source: https://www.livemint.com/, April 12, 2024

Stars may have finally aligned for Elon Musk-owned satcom company in India

The government is said to be fast-tracking the application of Elon Musk-owned Starlink for a satcom licence, despite pending issues such as its ties with US security agencies. The Elon Musk-owned company may be given “conditional approval”, based on an undertaking furnished by it, said people with knowledge of the matter. "As per the undertaking, Starlink may be asked to not share with any US agency the machines or equipment used in India, while data should not be routed outside the country,” one of the persons told ET, asking not to be named. Further, the satcom company may be asked to partner with an Indian company in a time-bound manner. This comes as Musk is set to travel to India later this month and meet Prime Minister Narendra Modi, with plans for a Tesla factory expected to be announced.

Source: By Kiran Rathee, https://economictimes.indiatimes.com/, April 13, 2024

Trai recommends govt funding for testing new telecom innovations as part of sandbox framework

The Telecom Regulatory Authority of India (Trai) has proposed that the government provide funds to promising innovators who lack adequate financial support for testing new products in the communications sector, as some innovations can have the potential to bridge the digital divide. Even without government funding, entrepreneurs developing solutions for the digital communications sector will be able to test their products on live networks as part of the regulatory sandbox framework, the sector regulator said in its recommendations to the Department of Telecommunications (DoT) on the issue, released on Friday. The regulator, however, has said since the testing will be carried out on live telecom networks on a certain set of users, security of networks and protection of consumers must be ensured. The applicants have to keep a record of all testing steps, data, consent records, etc., for a minimum of a year after exit from the sandbox environment.

Source: By Kiran Rathee, https://economictimes.indiatimes.com/, April 13, 2024

Musk's Starlink licence application nears India nod as DoT fast-tracks process

The Department of Telecommunications (DoT) has accelerated the process of allocating the licence to Elon Musk's Starlink satellite internet unit ahead of the Tesla and SpaceX CEO’s India visit later this month, sources told Moneycontrol. In the coming days, the department may issue a letter of intent (LoI) and trial spectrum to Starlink for its satellite communications services, sources said. Starlink is the satellite internet service of Musk's rocket manufacturing firm SpaceX that provides high speed internet connections. Musk will be in India on April 21 and 22. With a global mobile personal communication by satellite services (GMPCS) licence, the first step towards setting up a satellite internet service, and trial spectrum, through the administrative route at a nominal application fee, Starlink could pilot its services in the retail consumer space.

Source: By Danish Khan, https://www.moneycontrol.com/, April 12, 2024

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EV’s & Auto Electronics

Elon Musk in India: Here's why Tesla's entry in EV sector may be a win-win for all

Coinciding with the 2024 Lok Sabha elections, Elon Musk's meeting with Prime Minister Narendra Modi later this month helps highlight the latter's ability to attract the foreign investments and India's growing appeal as a market. According to media reports, Musk, during his 48-hour visit to India, will outline his investment plans in the electric vehicle sector of the country. Notably, Tesla has been trying to enter the Indian market for quite some time now. The billionaire's carmaker has also been lobbying the Centre for tax concessions amid the government's strict "Make in India" stance. Centre, with its new electric vehicle (EV) policy, is now offering strong incentives for international players, such as Tesla, looking to tap into Indian auto market.

Source: https://www.livemint.com/, April 12, 2024

Citroen becomes first multinational car manufacturer to export Made-in-India EVs to international markets, begins E-C3 export to Indonesia

French carmaker Citroen has announced on Friday, April 12, the commencement of exports of locally manufactured E-C3 electric vehicles (EVs) to international markets, making it the first multinational car manufacturer in India export electric vehicles (EVs) globally. Citroen stated that the move is aligned with its global ambitions of democratising electric mobility to increase the adoption of sustainable and clean modes of transportation. Commenting on the occasion, Aditya Jairaj, CEO & MD of Stellantis India, expressed, "India is not only a strategic market but also a major sourcing hub for vehicles, components, and mobility technologies within the Stellantis group. Commencing the export of the versatile 'Made-In-India Citroen e-C3' electric vehicle to international customers is a proud validation of our engineering and development capabilities. We remain committed to growing in India and promoting sustainable mobility while showcasing India's manufacturing prowess on a global stage."

Source: https://www.zeebiz.com/, April 13, 2024

Electric Mobility Promotion: This govt scheme can spur sale of electric two-wheelers and three-wheelers, says expert

In an ambitious move to push the adoption of electric vehicles and foster e-mobility environment in India, the Central Government has launched a new scheme, the Electric Mobility Promotion Scheme (EMPS), 2024, to promote the sale of electric two-wheelers (e2W) and three-wheelers (e3W) in the country. For this, the centre has allocated Rs 500 Crore, valid over the next four months, starting from April 2024. Hari Kiran, Co-Founder & COO at eBikeGo, believes the initiative is poised to bring about a revolution in the electric two-wheeler and three-wheeler segments, and assuring a greener future and a surge in employment and entrepreneurship opportunities. Hari Kiran says that primarily, the scheme focuses on electric two-wheelers and three-wheelers, including registered e-rickshaws, e-carts and L5 Category vehicles, recognising their role in providing affordable and eco-friendly public transportation.

Source: https://www.zeebiz.com/, April 13, 2024

Govt approves 11 EV manufacturers for receiving incentives under EMPS

The Ministry of Heavy Industries has approved 11 electric vehicle (EV) manufacturers, including Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, and Mahindra, to receive incentives under the recently introduced Electric Mobility Promotion Scheme (EMPS) 2024. A total of 11 firms have been granted approval under the EMPS, with several more under consideration. The scheme aims to sustain the growth in EV sales, replacing the former Faster Adoption and Manufacturing of Electric Vehicles – II (FAME-II) scheme. The new scheme, with an allocation of Rs 500 crore, commenced on April 1 and will continue till July 31. The government has streamlined the certification process for this scheme. “The approval process is now more efficient and expedited, ensuring a seamless experience for applicants,” said the official.

Source: https://www.business-standard.com/, April 10, 2024

New fast-charging electric vehicle battery with a lifetime of 400,000 miles

Israeli StoreDot, which is partially owned by Volvo Cars and Polestar among others, has developed a battery that charges quickly and has a very long lifespan. The new battery charges up to 80 percent in between five and ten minutes. Thanks to the ability to undergo 2,000 charging cycles with minimal degradation, it will last for 650,000 miles. Normally, fast charging wears on batteries, causing their performance to deteriorate over time. The combination of fast charging and long battery lifespan makes this battery unique. Its silicon-dominant cell composition offers an energy density of 330Wh/kg and 860Wh/L at the stack level. This exceeds what current lithium-ion batteries can provide.

Source: https://www.warpnews.org/, April 13, 2024

TOP

Defence & Solar

India is broadening its military footprint, to send defence attaches to more nations across Africa and Asia: Report

India will deploy defence attaches in Ethiopia, Mozambique, Ivory Coast, Philippines, Armenia, and Poland, marking a significant shift in its strategic approach to bolster ties with key regions amidst growing geopolitical tensions. As per a report in Hindustan Times, specifically, India will assign defence attaches to Poland and Armenia for the first time, reflecting the heightened importance of these nations as security partners. This move follows a major arms deal with Armenia and underscores Poland's increasing significance in European security dynamics. The external affairs ministry plans to establish 26 new missions globally, with 18 in African nations, HT reported. India led efforts to include the African Union in the G20 during last year's summit in New Delhi. These new postings will underscore Africa's significance and foster opportunities for military cooperation and arms sales, particularly as many African countries aim to modernize their armed forces.

Source: https://www.livemint.com/news/, April 11, 2024

Defence Ministry Issues Tender To Procure 97 More Tejas Mk-1A Fighter Jets

The defence ministry has issued a tender to state-run aerospace major Hindustan Aeronautics Limited for procurement of 97 more light combat aircraft (LCA Mk-1A) Tejas for the Indian Air Force, officials said today. The fighter jets are expected to cost around ₹ 67,000 crore. The Tejas aircraft is a potent platform for air combat and offensive air support missions while reconnaissance and anti-ship operations are its secondary roles. In November, the Defence Acquisition Council (DAC) had cleared the project to acquire 97 more Tejas jets for the Indian Air Force (IAF). The Defence Acquisition Council also approved a proposal of the IAF to upgrade its Su-30 fighter fleet by Hindustan Aeronautics Ltd (HAL).

Source: https://www.ndtv.com/, April 13, 2024

'Great positive progress' made on resolving border row with india: china

China and India have made "positive progress" to resolve the border standoff, with both sides maintaining close communication through diplomatic and military channels, a senior foreign ministry official said here on Friday. The foreign ministry spokesperson Mao Ning's remarks were a further elaboration of China's reaction to Prime Minister Narendra Modi's recent statement in which he said that ties with Beijing are important for New Delhi and the "prolonged situation" at the borders should be addressed urgently. In an interview with Newsweek magazine, Prime Minister Modi expressed hope that through positive and constructive bilateral engagement at the diplomatic and military levels, the two countries will be able to restore and sustain peace and tranquillity at their borders.

Source: https://www.indiandefensenews.in/, April 13, 2024

Foreign secretary kwatra reviews advancements in india-us strategic partnership

Foreign Secretary Vinay Mohan Kwatra visited Washington, DC, United States, from April 10-12. During his visit, Foreign Secretary Kwatra undertook a detailed review of the progress made towards further consolidating the India-US Comprehensive Global Strategic Partnership, informed the Embassy of India in the US. During his visit to Washington, DC, Foreign Secretary had discussions with his counterparts at the State Department, Deputy Secretary Richard Verma and Deputy Secretary Kurt Campbell, as well as other senior officials, the embassy's press release said. "Delighted to welcome my great friend Indian Foreign Secretary Kwatra back to Washington for discussions on US-India cooperation and the Quad. Our partnership in the Indo-Pacific is closer than ever," said US Deputy Secretary of State Kurt Campbell in a post on X.

Source: https://www.indiandefensenews.in/, April 13, 2024

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MSME

(Special section of the MSME related news under ELCINA Micro & Small Industry Forum)

SIDBI MSME Conclave Indore | Empowering MSMEs: SIDBI's Vision for Madhya Pradesh

At the Indore edition of the SIDBI MSME Conclave Anjani Kumar Srivastava, General Manager at SIDBI gave an insightful presentation on the theme of ‘MSME Finance & SIDBI's Vision for a Strong & Vibrant Ecosystem in Madhya Pradesh’. During the presentation she delved into SIDBI's strategic vision and initiatives aimed at fostering a robust ecosystem for MSMEs in Madhya Pradesh. The session also included an Open House segment, providing attendees with the opportunity to engage directly with Mr. Srivastava as they asked questions, and gained valuable insights into financing options and support available for MSMEs in the region.SIDBI MSME Conclave 2024 - Indore Edition brought together industry leaders, policymakers, and MSME stakeholders to explore avenues for growth, innovation, and empowerment. This dynamic event served as a platform to catalyse discussions, share insights, and unveil strategies aimed at fostering the global competitiveness of Indian MSMEs.

Source: https://economictimes.indiatimes.com/, April 10, 2024

Lok Sabha Polls 2024: Better MSME Credit Access, Support For Green Switch On Industry Wishlist

Ahead of the Lok Sabha elections of 2024, expanding funding options for both capital expenditure and working capital for micro, small, and medium enterprises are part of the industry wishlist, according to the Confederation of Indian Industries. The hope is to see initiatives like the Emergency Credit Line Guarantee Scheme formalise into a first-loss fund, said CII President Ramachandran Dinesh, while noting that the new government coming to power should continue to focus on MSME support. The main factor of the broader funding access plan is systemic reforms, such as creating a formal mechanism for better rating support for MSMEs, in order to give them access to formal funding.

Source: https://www.ndtvprofit.com/, April 11, 2024

Digital Competition Bill a threat to MSMEs: India SME forum

India SME Forum (ISF), a non-governmental, not-for-profit organisation for small and medium businesses, has written to the Corporate Affairs Ministry (MCA), highlighting the adverse effects of the proposed Digital Competition Bill (DCB) on MSMEs’ ability to access and compete in emerging markets. MSMEs play a vital role in India’s ambition to achieve a $5 trillion economy by 2030, especially by leveraging e-commerce for global competitiveness. However, the DCB poses a threat to MSMEs, risking their ability to realise these opportunities and hindering India’s e-commerce growth trajectory, it added. ISF had invited experts, both legal and academic, to educate its 10 million members on the impact of the DCB. The experts highlighted that the draft provisions disincentivise MSMEs to grow their businesses as they would attract deeper scrutiny by the lawmakers.

Source: https://www.thehindubusinessline.com/, April 12, 2024

FoIJ members interact with Secy Ministry of MSME

A delegation of Federation of Industries Jammu (FoIJ) under the Chairmanship of TS Reen, Chairman FoIJ along with Lalit Mahajan and SC Dutta Co-Chairman, met the SCL Das, Secretary, Ministry of Micro, Small & Medium Enterprises, Govt of India in presence of Amit Kumar Tamaria, Joint Director, Ministry of Micro, Small & Medium Enterprises, Govt of India at his office at New Delhi. During the meeting, members requested the Secretary MSME for providing hand holding support by MSME Ministry, Govt of India for the survival of existing industrial units who were suffering very badly due to dilution of Fiscal Incentives in post GST regime and Industrial Policy 2021-30 of Union Territory of Jammu & Kashmir resulting thousands of such units may face closure in near future as it is not possible for them to compete with the outside suppliers due to higher transportation cost of raw materials, limited marketing avenues within the State due to hostile borders.

Source: https://www.dailyexcelsior.com/, April 12, 2024

Tamil Nadu Unveils Industry 4.0 Lab to Revolutionise Manufacturing Processes For MSMEs

A Centre for Industry 4.0 (C4i4) lab was inaugurated in Trichy, on Friday, aimed at empowering public sector undertakings (PSUs), micro, small and medium enterprises (MSMEs), and startups to explore advanced technologies, including robotics, for assembly and packaging of their components or products. Sponsored by the Ministry of Heavy Industries as part of the Smart Advanced Manufacturing and Rapid Transformation Hub (SAMARTH) initiative, the lab adopts Industry 4.0 solutions. It encourages entrepreneurs and industries to understand the impact of digital solutions in improving efficiency and quality in the manufacturing sector. One of the key solutions offered by the lab is the use of robotics for product packaging, replacing the time-consuming manual process and ensuring zero errors. This cutting-edge technology will benefit a wide range of manufacturing units, including public sector units like the Ordnance Factory in Trichy and entrepreneurs operating sweet stalls, among others.

Source: https://knnindia.co.in/news/, April 13, 2024

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ELCINA EVENTS , ACTIVITIES & SERVICES 

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ELCINA Publications

https://elcina.com/roadmap-for-developing-pcb-eco-system-in-india	Roadmap For Developing PCB Eco-System in India Key Findings Indian PCB market and industry size in terms of domestic production, exports, and imports Growth drivers and challenges (needs & gaps) in the Indian PCB industry Growth potential of PCB manufacturing in India and identify enablers for creating & strengthening the domestic value chain Key inputs required viz. investments, technology, and infra eco-system Details of key PCB value chain players – global and domestic, who can be invited to invest to establish a strong PCB industry
https://elcina.com/ems-task-force-report-on-market-industry-analysis-of-ems-sector-in-india	EMS Task Force Report Key Findings Currently EMS Industry (Contract Manufacturing Services) are valued 832 Bn $ and are projected to grow 1055 Bn by 2025. Domestic electronics manufacturing is estimated at USD 75 Bn of which 39 Bn constitutes EMS value. This is divided into 23.5 Bn domestic Mfg. and USD 15.5 Bn PCBS/Sub-Assembly imports. Further USD 53.5 Bn is finished Electronic Goods imports of which USD 17 Bn is EMS value. Thus total EMS opportunity loss is US$ 32.5 Bn (15.5 +17). The report estimates that EMS production can grow realistically from USD 23.5 Bn today to USD 152 Bn by 2025 at CAGR of 45%. This will meet 75% of the countries EMS requirement of US$ 203 Bn by 2025 against a total estimated market of 400 Bn.
https://elcina.com/elcina-task-force-report-on-electronic-components	ELCINA Task Force Report on Electronic Components Key Findings Current status of component manufacturing in India – Areas of competence vs Gaps and inadequacies Components which urgently require investments and growth in domestic manufacturing Emerging technology and new components for upcoming opportunities Constraints and bottlenecks to be addressed Overcoming Policy constraints, WTO (ITA-1) deadlock and Zero Duty issue Strategy for overcoming these constraints Eco-System requirements- Role of Central and State Governments
https://elcina.com/elcina-directory-of-indian-electronics-industry	ELCINA Directory of Indian Electronics Industry 2023-24 Description ELCINA Directory of Indian Electronics Industry – includes the updates on Indian Electronics Industry and a host of additional improved features covering business environment, statistical industry scan, company databases plus various projections. This handy compendium with its easy-to-read format attracts the attention of a growing number of users (within India and abroad) Apart from electronics industry, the users of this Directory range from financial institutions, commercial banks, FIIs, Consultancy organizations as well as industry promotion institutes across the world….

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FORTHCOMING EVENTS &  GENERAL INFORMATION 

International Events
	Wire Dusseldorf 2024      Messe Düsseldorf GmbH 15 - 19 Apr 2024 Messe Düsseldorf,Am Staad, Düsseldorf, D-40474 Germany https://www.wire-tradefair.com/
	Automotive World Korea 2024 24 - 26 Apr 2024 COEX, Seoul, South Korea  https://www.automotiveworld.kr/
	The International Electronic Circuits 13-15 May 2024 Shanghai, China http://www.cpcashow.com/en/information.asp
	The Total Solution Exhibition for Electronics Equipment 12- 14 June 2024 Tokyo, Japan  https://www.jpcashow.com/show2024/en/
	China (Guzhen) International Lighting Fair 2024 MESSE FRANKFURT 9-12 JUNE,2024 Guzhen Convention and Exhibition Center, Zhongshan, CHINA https://guangzhou-international-lighting-exhibition.hk.messefrankfurt.com/guangzhou/en.html
	KPCA Show 2024 (Int’l Electronic Circuits and Packaging Show) 4 - 6 September 2024 Songdo Convensia, Incheon http://www.kpcashow.com/m/eng/about.asp
	TPCA Show 23-25 October 2024 Taipei Nangang Exhibition Center https://tw.tpcashow.com/introtw/
	International Electronics Circuit Exhibition 4-6 December 2024 Shenzhen World Exhibition & Convention Center (Bao’an), China https://www.hkpcashow.org/en/show/information

Domestic Events
	4th Electronics Summit 2024 8-9 May, 2024 Radisson Hotel, Sector 18, Noida https://elcina.com/forthcoming-activities
	Electronics for You Expo 2024 Thu, May 16, 2024 - Sat, May 18, 2024 Auto Cluster Exhibition Center, Pune, India, Pune, India https://www.efyexpo.com/pun
	13th Strategic Electron Summit July, Bangalore https://ses-india.in/
	Electronica India 11th -13th September 2024 India Expo Mart, Greater Noida https://electronica-india.com/en/trade-fair/
	Semicon India 2024 11th -13th September 2024 India Expo Mart, Greater Noida SEMICON India 2024 - Shaping the Semiconductor Future | SEMI
	14th Source India Electronics Supply Chain February, Chennai Trade Centre https://event.sourceindia-electronics.com/

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