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POLICY SCAN
1. MeitY notification dated 8th April 2025:
Electronics Component Manufacturing Scheme
The Ministry of Electronics and
Information Technology (MeitY) has issued a
notification on 8 April 2025 for the
Electronics Component Manufacturing Scheme (ECMS).
ELCINA welcomes this initiative, which is
designed to strengthen India�s electronics
supply chain by addressing key challenges in
domestic manufacturing.
Scheme Highlights:
Incentive Framework
o
Turnover‑Linked (TLI):
3�10 % on incremental sales (6 years)
o
Capex Incentive:
25 % subsidy for capital‑intensive
segments
o
Hybrid:
Combined TLI + Capex for advanced
technologies
Covered Segments
o
Sub‑Assemblies:
Display & camera modules
o
Bare Components:
Multi‑layer PCBs; non‑SMD passives;
electromechanical parts; Li‑ion cells;
enclosures
o
High‑Tech:
HDI/MSAP/flexible PCBs; SMD passives
o
Supply Chain & Equipment:
Raw materials, sub‑assemblies, machinery
Thresholds & Targets
o
For Display Modules:
₹50 Cr investment, ₹200 Cr incremental
sales, and 50 jobs in Year 1, scaling up
over 6 years
o
For HDI/MSAP/Flexible
PCBs:
₹1,000 Cr investment and 1,200 jobs by
Year 6
o
For Li‑ion Cells (Digital
Applications):
₹500 Cr investment, ₹1,200 Cr sales, and
600 jobs
o
For Non-SMD Passive
Components & Electromechanicals:
₹50 Cr investment and 180 jobs
o
For Multi-layer PCBs:
₹50 Cr investment, with tiered TLI
incentives (6/6/5/5/4/4 for ≤6 layers,
10/8/7/6/5/5 for ≥8 layers)
Bonus for Domestic Sourcing
o
+1 % for in‑house PCB
laminates
o
+2 % for Li‑ion CAM
manufacturing
Strategic Roll‑Out
o
Segment‑wise application
windows ensure focused implementation
For more details, members are
advised to refer to the official MeitY
notification dated 8th April 2025 and the ELCINA
ECMS summary at the attached link.
2.CBIC Circular No.
11/2025-Customs dated 3rd April 2025: CBIC
Issues Circular on Automation of Post Export
Amendments � New �Export Entry� Regulations
Notified
The Central Board of Indirect
Taxes and Customs (CBIC) has issued Circular
No. 11/2025-Customs dated 3rd April 2025,
announcing the implementation of the "Export
Entry (Post Export Conversion in relation to
Instrument-Based Scheme) Regulations, 2025"
via Notification No. 21/2025-Customs (N.T.).
Key
Highlights:
-
Digital Reforms:
Automated electronic processing introduced
for:
-
Amendments under Section
149 of the Customs Act, 1962
-
Provisional assessments
for exports
-
Re-transmission of data
to relevant agencies
-
Approvals Required:
Sensitive changes to shipping bills (e.g.,
HS Code, Country of Destination, AD Code,
Invoice Value) will now require prior
approval from the Joint/Additional
Commissioner of Customs.
-
New Definitions & Scope:
-
�Export Entry�
now covers all export types under
Section 2(16) of the Customs Act.
-
Applicable to entries
under Section 84, allowing
amendments and conversion with defined
restrictions.
For
more
details, members are advised to refer to the
official CBIC website CBIC Circular No.
11/2025-Customs dated 3rd April 2025.
3. CBIC Circular No.
12/2025-Customs dated 7th April 2025: CBIC
Clarifies Classification and BCD on Interactive
Flat Panel Displays (IFPDs)
The Central Board of Indirect
Taxes and Customs (CBIC) has issued
Circular No.
12/2025-Customs dated 7th April 2025,
offering clarification on the classification and
applicable Basic Customs Duty (BCD) on
Interactive Flat Panel Displays (IFPDs) and
monitors.
Key
Clarifications:
For more details,
members are advised to refer to the official
CBIC website CBIC Circular No. 12/2025-Customs
dated 7th April 2025.
4. CBIC Circular No.
13/2025-Customs, dated 8th April 2025: CBIC
Rescinds Transshipment Circular for Bangladesh
Export Cargo
The Central Board of Indirect
Taxes and Customs (CBIC) has issued
Circular No. 13/2025-Customs, dated 8th
April 2025, announcing the rescinding of
Circular No. 29/2020-Customs concerning the
transshipment of export cargo from Bangladesh
to third countries via Land Customs Stations
(LCSs) in India.
Key Points:
-
Circular No. 29/2020-Customs,
which facilitated the transshipment of
export cargo from Bangladesh to third
countries through Indian ports/airports,
is rescinded with immediate effect.
-
Cargo that has already
entered Indian territory under the
previous procedure may be allowed to exit
as per the existing provisions of the
rescinded circular.
For more details, members are
advised to refer to the official CBIC website
CBIC Circular No. 13/2025-Customs, dated 8th
April 2025.
5. Trade Notice
01/2025‑26‑DGFT dated 11th April 2025: DGFT
Launches �Global Tariff & Trade Helpdesk�
The Directorate General of
Foreign Trade has set up a dedicated Global
Tariff & Trade Helpdesk to support exporters
and importers facing evolving tariff measures,
import surges, dumping actions, logistical
bottlenecks, regulatory hurdles, and other
trade‑related challenges.
Scope of the Helpdesk
-
Import/Export Challenges:
Tariff changes, counter‑tariff actions,
dumping investigations
-
Import Surges / Dumping:
Rapid influx of specific products
-
EXIM Clearance:
Delays in ports, airports, or land customs
-
Logistics & Supply Chain:
Freight disruptions, warehousing,
documentation
-
Financial & Banking Issues:
Foreign exchange, payment guarantees
-
Regulatory & Compliance:
License delays, certification hurdles
-
Other Issues & Suggestions:
Policy feedback, sector‑specific concerns
The Helpdesk will also liaise
with other Central/State ministries and agencies
to coordinate resolutions.
Online Portal:
-
Go to DGFT website: https://dgft.gov.in
-
Navigate to
Services → DGFT Helpdesk
Service
-
Click �Create New Request�,
choose �Global Tariff and Trade Issues�,
select a sub‑category, enter details, and
submit
Members are encouraged to
leverage this facility for timely resolution of
trade barriers and to share input on emerging
global tariff and trade issues. For further
assistance, please refer to the DGFT website
Trade Notice 01/2025‑26‑DGFT dated 11th
April 2025 or contact the Helpdesk
directly.
6.RBI/2025-26/DOR.STR.REC./13.07.010/2025-26
dated 9th April 2025 : RBI Draft Directions on
Co-Lending Arrangements (CLAs), 2025
The Reserve Bank of India
has issued draft guidelines for
Co-Lending Arrangements (CLAs) to streamline
and regulate joint lending activities between
Regulated Entities (REs), namely:
-
Scheduled Commercial Banks
(excluding Regional Rural Banks � RRBs)
-
All-India Financial
Institutions (AIFIs)
-
Non-Banking Financial
Companies (NBFCs)
Key Provisions:
-
Scope:
Excludes loans exceeding ₹100 crore or those
governed by separate existing frameworks.
-
Joint Lending Agreement (JLA):
Mandatory for co-lending; REs must adopt
Board-approved co-lending policies.
-
Interest Rate:
Lending to be done at a blended rate,
combining the interest components of
participating REs.
-
Borrower Transparency:
Disclosure of co-lending partners and
lending terms to borrowers is mandatory.
-
Operational Framework:
-
Use of escrow accounts
for disbursement and repayments.
-
Arm�s length sourcing and
servicing arrangements.
-
Each RE must report
credit data to Credit Information
Companies (CICs).
-
Default Loss Guarantee (DLG):
Permitted within specified limits.
-
Loan Classification:
Each RE to classify assets independently as
per its norms.
-
Public Disclosure:
REs must disclose details of co-lending
partners and exposure in financial
statements and on websites.
Promote credit delivery through
partnership-based models while safeguarding
transparency, operational integrity, and
borrower interests.
For more details, members are
advised to refer to the official RBI website
RBI/2025-26/DOR.STR.REC./13.07.010/2025-26
dated 9th April 2025.
7. DPIIT letter No.
P-29014/33/2025-LEI dated 19 March 2025 on QCO :
On the implementation of Quality Control Order (QCOs)
notified by DPIIT
The Department for Promotion of
Industry and Internal Trade (DPIIT) has
clarified the implementation of Quality Control
Orders (QCOs) in response to concerns from
industry associations. Key points include:
-
Imports Compliance:
The implementation date for large and medium
enterprises should be followed for imports,
and only BIS-marked products or those with
specific exemptions can be imported after
the implementation date.
-
Goods Landing in India:
Goods arriving at Indian ports after the
implementation date must comply with the QCO.
-
Relaxation for Micro and
Small Enterprises:
The 6- and 3-month relaxation for obtaining
BIS licenses applies to enterprises, not
imports.
-
Exemptions for Imports:
Non-BIS products can be imported for
specific purposes like R&D, spares for
after-sales services, or fitting into export
products under certain conditions.
This letter aims to ensure
clarity and correct application of the QCO
regulations.
For more details, members are
advised to refer to the official DPIIT website
letter
No. P-29014/33/2025-LEI
dated 19th April 2025
For
any
queries regarding this
ELCINA Policy Capsule,
please contact
policy@elcina.com.
TOP
INDUSTRY SCAN
General
Daikin Commits ₹5B In New
R&D Centre In Rajasthan
Japanese air-conditioning company
Daikin has invested ₹5 billion in a new research
and development (R&D) centre in Neemrana,
Rajasthan. The facility will focus on developing
products for international markets. This is
Daikin�s third R&D centre in India. It will
employ over 500 people and include 22 testing
labs to create heating, ventilation, air
conditioning, and refrigeration (HVACR)
solutions aligned with modern energy standards,
technology requirements, and refrigerant
regulations. Located near its manufacturing
plant, the new centre is expected to improve
coordination between R&D and production,
boosting efficiency and innovation. The company
said this proximity will help streamline the
development process. Naofumi Takenaka, president
and COO of Daikin Industries, said India remains
a key market. He added that the investment
supports efforts to design technologies suitable
for both domestic and global conditions. KJ Jawa,
chairman and managing director of Daikin India,
said the company has invested ₹28 billion in
infrastructure development across India. He
stated that the new R&D centre reflects Daikin�s
long-term commitment to the country.
Source: By Shubha Mitra, https://www.electronicsforyou.biz/,
April 16, 2025
Maharashtra Signs Landmark
Agreement with IBM to Boost AI in Governance
The Government of Maharashtra has
embarked on a major initiative to modernise
governance and technical education by signing
multiple Memorandums of Understanding (MoUs)
with global technology leader IBM and key social
sector organisations. These agreements,
formalised in the presence of Chief Minister
Devendra Fadnavis, Deputy Chief Ministers Eknath
Shinde and Ajit Pawar, mark a strategic push
towards administrative transformation and
inclusive skill development. In a significant
development, the state government has entered
into a partnership with IBM Technology (India)
to leverage Artificial Intelligence (AI) and
emerging digital technologies for enhanced
public service delivery and administrative
efficiency. Under the agreement, three AI
centres will be established in Mumbai, Pune, and
Nagpur. These centres will serve as hubs for
training government employees and students in
AI, cloud computing, and cybersecurity using
IBM�s advanced educational platforms. The
initiative aims to equip Maharashtra�s workforce
with future-ready skills while promoting the
integration of AI, hybrid cloud, and data
analytics into public administration. The
project is expected to drive efficiency,
transparency, and innovation in governance.
Source: https://egov.eletsonline.com/,
April 14, 2025
NITI Aayog On Why
Semiconductor Chips For Vehicles Will Cost 2X By
2030
The cost of semiconductor chips
used in vehicles is expected to double from the
current average of USD 600 to USD 1,200 per
vehicle by 2030, according to a new report by
NITI Aayog. The increase is attributed to the
growing use of advanced technologies in
automobiles, including electric powertrains and
smart driving features. The report highlighted
that the global automotive sector is undergoing
a significant transformation, shifting from
traditional fuel-based vehicles to electric
vehicles (EVs). These EVs are increasingly being
equipped with next-generation features such as
Advanced Driver Assistance Systems (ADAS),
Internet of Things (IoT) connectivity, and
Autonomous Driving (AD) capabilities. These
high-end features require more sophisticated
semiconductor chips, resulting in a rise in
demand and cost. As cars become more connected
and intelligent, the role of electronics and
semiconductors in the automotive industry is
growing rapidly. The report noted that the
integration of advanced technologies is not just
changing the vehicles themselves but is also
reshaping the global manufacturing landscape.
Source: https://www.ndtv.com/,
April 16, 2025
TOP
Information Technology
Wipro CEO Srini Pallia
unveils cloud car prototype, showcases AI-driven
SDV tech in Bengaluru
Wipro
CEO Srini Pallia was seen posing next to the
company�s new automotive prototype at its
Bengaluru campus on Monday. The vehicle is
powered by Wipro�s cloud car ecosystem,
showcasing its capabilities in the emerging
space of software-defined vehicles (SDVs), The
Times of India reported. By utilising AI-driven
solutions, we are setting new standards in the
automotive sector, focusing on vehicle
durability, performance, and sustainability.
Through the integration of cutting-edge
technologies and our deep domain expertise, we
are assisting OEMs globally in the development
of software-defined vehicles (SDVs), while also
reducing costs and enhancing safety, security,
and time to market. The cloud car ecosystem,
designed to bring SDVs to the cloud, operates on
a secure, scalable, and hardware-agnostic
platform. First unveiled at the Engineering the
Cloud Car Ecosystem panel in Barcelona in 2022,
the platform offers automakers a cloud-native
software solution with end-to-end cybersecurity.
It aims to help OEMs innovate faster, reduce
costs, and ensure SDVs remain digitally
relevant.
Source: https://economictimes.indiatimes.com/,
April 15, 2025
Global tech shares gain as
US exempts smartphones, computer parts from
tariffs
Global technology stocks rose on
Monday after the U.S. exempted electronics such
as smartphones and computer hardware from its
steep reciprocal tariffs on China, offering some
relief to a sector battered by supply-chain
uncertainty. Big Tech shares have slumped in the
past two weeks as tit-for-tat tariffs between
Washington and Beijing stoked fears of higher
component costs, softer consumer demand and the
worst supply-chain disruption since the COVID-19
pandemic. The exemptions suggest an increasing
awareness within the Trump administration of the
pain that the tariffs had in store for
inflation-weary consumers, especially on popular
products such as smartphones, laptops and other
electronic. he removal of the worst-case
scenario is an element of support (at least
temporarily) for the sector as it helps to avoid
a total block of supplies due to tariffs on
China exceeding 100%. Apple shares were up 6.6%
after they had declined 9.1% in the past two
weeks as its flagship product, the iPhone -
primarily made in China and imported into the
U.S. - was at risk of significant price hikes if
substantial tariffs persisted, analysts warned.
Source: https://economictimes.indiatimes.com/,
April 14, 2025
From Daikin to Samsung, companies fight Modi
govt over e-waste policy
India wants to tackle its
mounting e-waste problem. Global electronics
companies say the cost is too high. Daikin,
Hitachi and Samsung are among manufacturers
alarmed by new Indian government rules that
require them to pay significantly more to
recycle air conditioners, refrigerators, TVs and
other appliances, court papers and lobbying
letters show. The electronics giants are urging
environment officials to abandon the approach,
with four companies suing Prime Minister
Narendra Modi's administration in New Delhi over
the measures they say will heighten compliance
woes and unsettle businesses. The previously
unreported standoff marks the latest chapter in
foreign companies' battles with India over what
some perceive as protectionist policies and
shifting regulatory goal posts. India is the
third-biggest e-waste generator behind China and
the U.S. But government data shows only 43% of
the country's e-waste last year was recycled and
at least 80% of the sector comprises informal
scrap dealers, whose methods can pose
environmental and health risks.
Source: https://economictimes.indiatimes.com/,
April 11, 2025
Production of Apple
iPhones in India surges 60 pc to Rs 1.89 lakh
crore in 2024-25
Apple India has recorded a 60
per cent jump in iPhone production from its
Indian supply chain with a turnover close to Rs
1.89 lakh crore during the financial year ended
March 31, 2025, according to industry data. Of
this total output, Apple exported Rs 1.5 lakh
crore worth iPhones from India during 2024-25,
Minister for Electronics and Information
Technology (MeitY) Ashwini Vaishnaw has stated.
Apple�s production in India is expected to
accelerate further with the US-China tariff war
breaking out, as a result of which the American
tech giant�s exports from the communist country
will take a hit. Since US duties are much lower
on India-made smartphones, Apple has a distinct
advantage in further expanding its production
base in the country. India�s smartphone exports
crossed a staggering Rs 1.75 lakh crore ($21
billion) in 11 months of 2024-25
(April-February), which constitutes a 54 per
cent jump over the corresponding figure for the
same period of 2023-24, according to the India
Cellular and Electronics Association.
Source: https://www.thehansindia.com/,
April 13, 2025
TOP
Consumer Electronics
India's trade deficit with
China widens to record $99.2 bln amid dumping
concerns
India recorded a trade deficit of
$99.2 billion with China in the 2024/25 fiscal
year that ended in March, trade data showed,
driven by a surge in imports of electronics
goods and consumer durables. The data comes as
U.S. President Donald Trump announced a 90-day
pause last week on most tariff hikes for major
trading partners including India, while sharply
increasing levies on Chinese goods, stoking
fears that Chinese firms may divert goods to
other markets. In March alone, goods imports
from China jumped over 25% year-on-year to $9.7
billion, led by electronics, electric batteries
and solar cells. Total imports from China rose
to $113.5 billion in 12-months through March,
according to detailed trade data released by
commerce ministry on Wednesday. Meanwhile,
India's exports to China fell 14.5% to $1.5
billion in March from a year earlier, with total
exports dropping to $14.3 billion in the
12-months period, data showed.
Source: https://economictimes.indiatimes.com/,
April 16, 2025
Smartphone Shipments Up 3%
YoY in Q1 2025; Samsung Takes Top Spot With
Narrow Lead Over Apple
Global smartphone shipments in
the first quarter of 2025 grew 3% YoY, according
to preliminary data from Counterpoint Research�s
Market Monitor service. The global smartphone
market, which grew in 2024 after a dip in 2023,
started off on a positive note in 2025 as well,
driven by growth in markets like China, Latin
America and Southeast Asia. The Q1 growth fell
short of our earlier projection of 6% as
uncertainty started building up around tariffs
towards the end of the quarter and as a cautious
inventory buildup was seen at OEMs. Uncertainty
still looms in the market, which will affect the
situation going forward. As a result, our
previous forecast of 4% growth in 2025 seems
hard to achieve. We may even see zero to
negative growth this year. Samsung became the
top vendor again in Q1 2025, helped by increased
shipments following the launch of its Galaxy S25
series and a refresh of the A series in the
entry-to-mid-tier price bands. It was rare for
Apple to have a new product launch in Q1, but
the new iPhone 16e helped the brand gain share
in certain markets like Japan.
Source: https://www.counterpointresearch.com/,
April 16, 2025
Confusion reigns after
Trump exempts electronics from new tariff
regime. Here's what we know
Confusion over President Donald
Trump's tariffs remains following a weekend of
questions around trade in consumer electronics.
On Friday the Trump administration paused its
new taxes on electronics imported into the US -
signalling some relief from trade wars that have
particularly escalated with China, a major
exporter of technology from smartphones to
laptops. But these goods remain subject to other
levies. And officials have also indicated that
additional, sector-specific tariffs targeting
electronics are on the way - all of which
economists warn will raise costs and lead to
higher prices for consumers. Late Friday, the US
Customs and Border Protection said that
electronics, including smartphones and laptops,
would be excluded from broader, so-called
"reciprocal" tariffs - meaning these goods
wouldn't be subject to most tariffs levied on
China to date or the 10% baseline levies imposed
on other countries. But US Commerce Secretary
Howard Lutnick later said that this was only a
temporary reprieve - telling ABC's "This Week"
on Sunday that electronics will be included
under future sector-specific tariffs on
semiconductor products, set to arrive in
"probably a month or two."
Source: https://economictimes.indiatimes.com/,
April 16, 2025
China's realme teams up
with Optiemus Electronics to make AIoT devices
in India
Chinese smartphone brand realme
has partnered with Optiemus Electronics to
manufacture its next-generation AIoT (Artificial
Intelligence of Things) products in India. The
latest announcement- which comes amid a global
tariff reset and New Delhi's own push to expand
hi-tech production- marks a significant step
towards strengthening India's manufacturing
ecosystem and supporting the government's 'Make
in India' initiative. Together, realme and
Optiemus Electronics (OEL) target to manufacture
5 million AIoT devices annually while generating
over 2,000 new employment opportunities in
India, according to a release.As part of its
long-term vision to strengthen domestic
manufacturing, realme aims to produce all of its
AIoT product portfolio in India, including
earphones, smartwatches, and tablets, the
release said. Key products such as the realme
Buds T200 series, realme Buds Wireless series,
and realme Buds Air series will start rolling
off local production lines beginning this year.
Source: https://economictimes.indiatimes.com/,
April 16, 2025
TOP
Telecom
Piyush Goyal meets
Starlink delegation; discusses future investment
plans in India
Commerce and Industry Minister Piyush Goyal on
Wednesday met a delegation of satellite internet
services provider Starlink and discussed their
existing partnerships and future investment
plans in India. "Met a delegation from @Starlink,
comprising of Vice President Chad Gibbs & Senior
Director, Ryan Goodnight. Discussions covered
Starlink's cutting-edge technology platform,
their existing partnerships and future
investment plans in India," Goyal said in a post
on X. Billionaire Mukesh Ambani's Reliance Jio
in March announced a pact with Elon Musk's
SpaceX to bring Starlink satellite internet
services in India. Telecom tycoon Sunil Bharti
Mittal's Bharti Airtel has also signed a similar
partnership deal with SpaceX. Both discuss their
innovative technology, current collaborations,
and prospective investments in India. This
meeting follows Reliance Jio's and Bharti
Airtel's partnerships with SpaceX to introduce
Starlink satellite internet services to the
country, signaling a significant development in
India's internet infrastructure.
Source: https://economictimes.indiatimes.com/,
April 16, 2025
DoT Asks Telecom Operators
To Expedite Trials For Caller ID Display
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The department of
telecommunications (DoT) has reportedly asked
the telecom operators to expedite trials for the
implementation of the caller ID display system,
a move aimed at curbing the rising incidents of
cyber fraud. A Moneycontrol report, citing
sources, said that the caller�s name
presentation (CNAP) will be rolled out in phases
in the coming months. The DoT has directed
telecom operators to finish inter-operator CNAP
trials and submit the report by April 18.
Sources told Moneycontrol that trials are
undergoing in Haryana and Maharashtra. While
Vodafone Idea is looking to begin its trials
this week under the telecom department�s
supervision, Reliance Jio and Bharti Airtel have
completed their tests. At first, the services
will be rolled out to 4G and 5G users, while 2G
users may experience a delay in access due to
the significant investment required for network
upgrades. Airtel and Vi have both collaborated
with Nokia for the nationwide deployment of the
IP Multimedia Subsystem (IMS), a technology that
supports CNAP and related analytics such as spam
detection and international long-distance (ILD)
filtering, the report said.
Source: https://inc42.com/, April
15, 2025
Uzbekistan attracts Indian
investment as telecom and energy reforms advance
Indian industries are eyeing
Uzbekistan as a strategic hub, with Reliance
Industries in talks on major investment
initiatives, signalling deepening economic ties
between the two countries. Recently, Prasad
Panda, CEO of Reliance Industries, held
high-level talks with Shokhrukh Gulyamov,
Uzbekistan's Deputy Minister of Investment,
Industry, and Trade. The meeting marked a major
step toward bilateral cooperation in
telecommunications, digital infrastructure,
mining and energy. According to an official
statement by the Ministry of Investment,
Industry and Trade of Uzbekistan, the talks
focused on "the deployment and management of
large-scale telecommunications networks, as well
as the development of Uzbekistan's digital
infrastructure." Panda and Gulyamov discussed
introducing next-generation technologies to
boost high-speed communication and data
transmission, supporting the country's digital
transformation.
Source: https://www.tribuneindia.com/,
April 15, 2025
Telecom minister
Jyotiraditya Scindia asks BSNL to make
circle-level customer growth, biz plan for FY26
Union Telecom Minister
Jyotiraditya Scindia has asked state-owned BSNL
to submit circle-level customer growth and
business plan for the current fiscal, an
official statement said on Tuesday. The minister
met 27 Chief General Managers (CGM) and Senior
Officials of BSNL and directed them to meet
every month. Minister Scindia has directed the
team to meet every month and discuss best
practices and challenges. He also asked the team
to co-create solutions to the challenges of
different regions. Minister Scindia has asked
every circle to make a Customer growth plan and
a Business Plan for FY 2025-26. The minister
lauded the BSNL team for making the PSU
profitable after a gap of about 18 years. The
company had reported a net profit of Rs 262
crore in the October-December 2024 quarter. He
asked the entire team to continue this momentum
and focus on customer acquisition and retention
for long-term success.
Source: https://economictimes.indiatimes.com/,
April 15, 2025
TOP
EV�s & Auto Electronics
Electric Vehicle
Registrations in India Increased 17 PC In FY25
Electric vehicle registrations in
the country increased 17 per cent to 19.7 lakh
units last fiscal driven by various government
policy interventions and new model launches,
industry body SIAM said on Tuesday. Total
electric vehicle (EV) registrations in the
country reached 1.97 million units in FY25
against 1.68 million units in FY2023-24, posting
a growth of 17 per cent. Electric passenger
vehicle registrations crossed 1 lakh units last
fiscal, registering a growth of 18 per cent
compared to the previous year, the Society of
Indian Automobile Manufacturers (SIAM) said in a
statement. Besides, registration of all types of
e-three wheelers grew by 10.5 per cent in FY25
to around 7 lakh units. Recent policy
interventions from the government, including the
Electric Mobility Promotion Scheme (EMPS) from
April 1, 2024, to September 30, 2024, followed
by the PM E-DRIVE and PM-eBus Sewa schemes,
coupled with EV launches by several
manufacturers have provided the necessary
momentum for the adoption of electric vehicles
in the country, SIAM said.
Source: https://www.timesnownews.com/,
April 16, 2025
EV stocks to benefit as Govt to float tender for
10,000 electric buses to boost green transport
The Ministry of Heavy Industries
is set to launch a tender for the procurement of
10,000 electric buses as part of its efforts to
accelerate the adoption of electric vehicles (EVs)
and reduce carbon emissions from public
transport. This initiative, expected to be a
significant step in the country�s green mobility
transition, has already sparked optimism in the
market. These stocks have been gaining momentum
as investors anticipate that the tender will
open up major opportunities for these companies
in the rapidly growing electric bus segment. In
Wednesday�s session, the Nifty Auto Index
declined by almost 0.83 percent and is currently
trading at Rs. 21,072, compared to the previous
close of Rs. 21,246.20. The index has almost
gained upto 10 percent in the last five
sessions. The tenders for the procurement of
electric buses are expected to be issued next
month under the PM E-Drive initiative.
Convergence Energy Services Ltd (CESL) will
oversee the release of tenders to select
intra-city electric bus operators for nine
cities.
Source: https://tradebrains.in/,
April 16, 2025
Delhi EV Policy 2.0
extended for three months, all vehicles continue
to ply
Delhi's existing Electric Vehicle
(EV) policy has been extended by three months,
allowing more time for the rollout of EV Policy
2.0. The decision was taken during a Cabinet
meeting chaired by Delhi Chief Minister Rekha
Gupta. Delhi Transport Minister Pankaj Singh
clarified that the existing EV policy will
remain in effect until the final version of the
EV Policy 2.0 is implemented. "There is no
proposal to ban auto-rickshaws or any category
of vehicles under the current policy. The
existing framework will stay for the next three
to four months," he said during a press
conference. Meanwhile, a draft of the EV Policy
2.0 is under review and proposes reforms to
accelerate the adoption of electric vehicles
across all major vehicle categories�including
two-wheelers, auto-rickshaws, goods carriers,
buses, and even municipal vehicles. According to
the draft, new CNG auto-rickshaw registrations
would be stopped from August 15, 2025, and
existing permits would not be renewed. A
complete ban on petrol, diesel, and CNG
two-wheelers is also being considered from
August 15, 2026.
Source: https://www.indiatoday.in/,
April 16, 2025
PV sales up 2% in FY25 on
utility vehicle demand, says industry group
Passenger vehicle (PV) wholesales
grew by 2 per cent in FY25, riding on demand for
utility vehicles (UVs) to touch the highest ever
volume of 4.3 million units, said an industry
association on Tuesday as it noted a �momentum�
for electric vehicles (EV) in the country. Sales
improved despite the high base effect in FY24,
according to data released by the Society of
Indian Automobile Manufacturers (SIAM).
Two-wheeler (2W) and three-wheeler (3W) sales
grew 9.1 percent (19.6 million units) and 6.7
percent (740,000 units) in FY25. Commercial
vehicle (CV) sales declined by 1.2 per cent.
Overall sales by the automotive industry grew
7.3 per cent and exports 19.2 per cent. EV sales
in FY25 grew 16.9 per cent (1.97 million units),
compared to 1.68 million in FY24. Electric PV
registrations reached 100,000, growing 18.2 per
cent, according to VAHAN data analysed by SIAM.
Electric 2W registrations stood at 1.15 million
units, up 21.2 per cent. Registrations for
electric 3Ws increased 10.5 per cent at around
700,000 units. "Recent policy interventions of
the government of India have provided the
necessary momentum for the adoption of electric
vehicles in the country.
Source: https://www.business-standard.com/,
April 14, 2025
TOP
Defence & Solar
Havells India to invest
₹600 crore for up to 9.24% stake in Goldi Solar
Consumer
electrical goods maker Havells India Limited on
Monday (April 14) said it has approved a ₹600
crore strategic minority investment in Goldi
Solar Private Limited as part of its broader
push into the renewable energy sector. The
investment will give Havells an 8.90% to 9.24%
stake in Goldi Solar, depending on the final
size of Goldi�s ongoing primary fundraise of
₹1,050�1,300 crore, expected to conclude in 75
days. This marks Havells� most significant move
yet into solar manufacturing, leveraging Goldi�s
rapid capacity expansion to 10.7 GW as of March
2025, with an additional 4 GW expected by July
2025. Goldi also plans to establish domestic
cell manufacturing capacity within 18 months.
The investment values the transaction at a 20x
EV/EBITDA multiple, based on Goldi�s FY25
provisional unaudited EBITDA. Havells will gain
customary shareholder rights, including a board
seat, and the deal is subject to CCI approval
and other conditions precedent. Goldi Solar, led
by Ishverbhai Dholakiya, has evolved from a
family-owned venture into a major solar module
manufacturer, growing from ₹1,757 crore in FY24
revenue to ₹3,420 crore in FY25, with EBITDA
margins in the 8�9% range.
Source: By Jomy Jos Pullokaran ,
https://www.cnbctv18.com/, April 15, 2025
Aluminium sector could add
up to 20 GW of solar and wind power capacity by
2030
A new analysis by JMK Research
says that with around 4.5 million tonnes per
annum (MTPA) of new primary aluminium capacity
expected by 2030, India�s aluminium sector could
add up to 18-20 GW of renewable energy (RE)
capacity, says a new report by JMK Research. The
report indicates that about 93% of this
renewable energy capacity could be sourced to
power upcoming aluminium smelting operations. An
additional 6% would stem from transitioning
existing grid electricity imports to renewable
sources and 1% from early-stage efforts to
replace fossil fuels with green hydrogen in
alumina refining processes. Aluminium demand is
set to rise sharply as sectors like automobile
and construction increasingly substitute steel
with aluminium for its lightweight and
corrosion-resistant properties. However,
aluminium production is nearly four to five
times more emission-intensive than steel on a
per tonne basis, making it a focus area for
industrial and climate action. The aluminium
sector in India remains heavily reliant on
captive coal-based power plants (CPPs) to meet
its energy-intensive smelting demands, which
typically require 14-15 MWh of electricity per
tonne of aluminium.
Source: By Uma Gupta, https://www.pv-magazine-india.com/,
April 14, 2025
India�s rooftop solar
capacity projected to reach 25�30 GW by FY27
India�s rooftop solar energy
capacity is expected to rise significantly from
17 GW to an estimated 25�30 GW between FY25 and
FY27, according to a report released on Tuesday.
This projected surge is aligned with the
country�s broader energy transition goals as
solar power continues to emerge as a central
pillar in India�s clean energy roadmap. As per
CareEdge Ratings, rooftop solar�especially in
the commercial and industrial (C&I) segment�is
set to play a critical role in India�s renewable
growth trajectory. The nation�s total renewable
energy capacity stood at 220 GW as of FY25, with
a target of reaching 300 GW of solar capacity by
2030. Rooftop solar capacity reached 17.02 GW in
FY25. Increased awareness among businesses about
reducing operational costs and meeting
sustainability goals is driving its rapid
adoption. The report highlights that government
incentives, declining technology costs, and
supportive policies�such as net metering and
Production Linked Incentive (PLI) schemes�are
expected to further accelerate rooftop solar
deployment. Rooftop solar installations in India
have gained momentum. With the growing C&I
demand backed by an improving policy ecosystem,
we expect the market to reach nearly 25�30 GW
over the next two years.
Source: https://ddnews.gov.in/,
April 15, 2025
Coal India Ltd tenders 1
GW solar EPC in Rajasthan
.png)
Coal
India Ltd (CIL), a state-owned coal miner, has
launched a tender for setting up a 1 GW
grid-connected solar PV plant on a turnkey basis
at Rajasthan Rajya Vidyut Utpadan Nigam Ltd�s 2
GW Solar Park in Rajasthan. RVUNL, a state-owned
power generation company in Rajasthan, is
developing the 2 GW solar park in Pugal tehsil
of Bikaner district, where 1 GW solar power
project is proposed to be set up through a joint
venture between Coal India Ltd and RVUNL. The
prospective contractor�s scope of work includes
design, engineering, procurement and supply of
equipment and materials (including PV modules),
testing, installation and commissioning of 1 GW
(AC) grid-connected ground-mounted solar PV
plant along with two-years comprehensive
operation and maintenance from the date of
commissioning. The total capacity of PV modules
to be procured under this tender, excluding
mandatory spares, is 1350 MWp (minimum).
Source: By Uma Gupta, https://www.pv-magazine-india.com/,
April 14, 2025
TOP
MSME
(Special section of the MSME related news under ELCINA Micro
& Small Industry Forum)
MSME Onboarding, Policy
Support Drive M1xchange's FY25 Expansion
Buoyed by supportive government
policies and a sharp rise in micro, small and
medium enterprises (MSME) participation,
M1xchange reported a total throughput of over Rs
78,000 crore in FY24-25. The RBI-licensed TReDS
platform saw a 100 per cent year-on-year (YoY)
increase in invoice discounting, driven by the
onboarding of over 20,000 MSMEs and 1,000
corporates, alongside policy mandates requiring
large businesses to adopt digital financing
tools. In the second half of FY25, M1xchange�s
throughput rose by 150 per cent, increasing from
Rs 32,000 crore in H1 to over Rs 46,000 crore in
H2. In March 2025, the platform processed
invoice discounting worth over Rs 10,000 crore.
India's MSME sector faces a credit gap of Rs
20-25 lakh crore, with only 20 per cent of the
country�s 64 million having access to formal
financing, according to a Crisil report. With
TReDS' role in bridging this gap, the government
has mandated that businesses with a turnover of
over Rs 250 crore must register on TReDS.
Source: https://www.businessworld.in/,
April 16, 2025
A.P. Cabinet approves
draft Minor Mineral Policy 2025, paves way for
MSME growth
In a move aimed at reviving the
mining sector in Andhra Pradesh, the State
Cabinet led by Chief Minister N. Chandrababu
Naidu cleared the draft A.P. Minor Mineral
Policy-2025 on Tuesday. The policy aims to
rejuvenate the sector that has been on a
decline�from contributing 3.53% to the Gross
State Domestic Product (GSDP) in 2018�19
financial year to 2.71% in 2023�24 fiscal year.
The policy introduces reforms that intend to
ease the operational bottlenecks and support
micro, small, and medium enterprises (MSMEs),
while ensuring sustainability and transparency.
Among the significant reforms is the revival of
over 6,000 pending lease applications,
previously rendered ineligible under the 2022
auction-only rule. These will now be processed
on a first-come, first-served basis with a
one-year window for Letter of Intent (LOI)
issuance. The new policy adopts a dual grant
mechanism�application-based leases for building
materials and granite, while industrial minerals
will follow an auction route with a
production-linked premium.
Source: By Sambasiva Rao M.,
https://www.thehindu.com/, April 15, 2025
CM Yogi Adityanath On New
Investment Revolution And MSME Revival In UP
Uttar Pradesh Chief Minister Yogi
Adityanath, in his speech at the FICCI National
Executive Committee Meeting, highlighted the
changing industrial landscape of UP. He
explained how his government has won the trust
of investors and promoted investment in the
state. Yogi Adityanath recalled that immediately
after coming to power in 2017, he had to
persuade companies like Samsung and TCS to stay
in UP, which were planning to leave due to
harassment by previous governments. Today,
Samsung has made new investments in UP, and TCS
has expanded its operations. According to him,
In the past eight years, UP has successfully
implemented investment proposals worth 15 lakh
crore rupees. UP CM said the government is
working with 35 sectoral policies and provides a
single-window platform through 'Nivesh Mitra,'
which offers over 500 services. Yogi Adityanath
also emphasized the revival of the MSME sector,
which was almost dead under previous
governments.
Source: https://www.businesstoday.in/,
April 14, 2025
Bihar Industrial Dept
Signs Mou With NIESBUD, Launches Three-Day
Training Program To Boost MSME Growth
.jpg)
The Bihar Department of
Industries signed a Memorandum of Understanding
(MoU) with the National Institute of
Entrepreneurship and Small Business Development
(NIESBUD) on Tuesday under the Raising and
Accelerating MSME Performance (RAMP) program.
The objective is to enhance the capacity of
Micro, Small, and Medium Enterprises (MSMEs),
making them more competitive in the global
market. NIESBUD will provide three-day
non-residential training to MSMEs across the
state. Training modules include crucial aspects
such as digital and financial literacy, lean
manufacturing practices, and leadership
development. These modules aim to increase the
efficiency of MSMEs, ensure financial inclusion,
and strengthen leadership skills. The MoU
signing ceremony was attended by Industry
Minister Nitish Mishra, Additional Chief
Secretary of the department Mihir Singh,
Director of Industries Nikhil Nippnikar, and
Director of Technical Development of the
Industries Department Shekhar Anand. Minister
Mishra emphasised the importance of skill
development and reiterated the government's
commitment to fostering an entrepreneurial
culture and providing the necessary support to
MSMEs.
Source: https://english.jagran.com/,
April 15, 2025
TOP
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
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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
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EMS Task Force Report
Key Findings
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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.
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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).
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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.
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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
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Constraints and bottlenecks to be addressed
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Overcoming Policy constraints, WTO (ITA-1)
deadlock and Zero Duty issue
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Strategy for overcoming these constraints
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Eco-System requirements- Role of Central and
State Governments
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https://elcina.com/elcina-directory-of-indian-electronics-industry |
ELCINA Directory of Indian
Electronics Industry 2024-25
Description
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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
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Consultancy organizations as well as industry
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India
is strengthening its position as a global
manufacturing hub, with value addition in
electronics manufacturing having increased from
30 per cent to around 70 per cent, and is
projected to reach 90 per cent by FY27,
according to Axis Capital report. With a new
components policy in place, the country is
aiming to increase value addition from the
current 15-16 per cent to 40-50 per cent. Mobile
phone exports have grown 77 times in the last 10
years. India has cut down its imports of fully
built air conditioners (CBUs) from 35 per cent
in FY19 to just 5 per cent in FY25. Key parts
like compressors, copper tubes, and aluminum
coils are now being made in India. In FY24,
about 8.5 million RAC compressors were imported,
but within the next 2-3 years, all of them are
expected to be made locally. The demand for
Printed Circuit Board Assembly (PCBA) has jumped
in both business and consumer sectors, helped by
higher import duties. Until 2016, India imported
more electronics than it produced. But things
have changed. Thanks to the �Make in India�
push, local production is now about 24 per cent
higher than imports (as of FY24). 
