VOL XXIV, ISSUE 23

15 December 2023

  INDUSTRY  SCAN                                                                             

General

India To Witness Two New OSAT and Fab Units In The Coming Months

Union minister for electronics and IT Ashwini Vaishnaw has now told the media that in the coming few months, the country will be furnished with three new semiconductor fab facilities with an approximate investment between $8-12 billion. Along with AMD’s launch of an international design center in Bengaluru, the minister added that more discussions are going on with Tamil Nadu, Telangana, Gujarat and Karnataka governments for setting up the facilities. It is highly expected that there will be at least two better proposals for OSAT and fabrication units. "This sector, a new industry for the country, will grow as a major contributor to the entire developing manufacturing base of electronics, telecom and defense electronics,” Vaishnaw further added.

Source: https://circuitdigest.com/, November 30, 2023

No proposal to provide duty concession on import of EVs: Govt

The government on Wednesday said it is not considering any proposal to provide duty concessions and exemption from local value addition for import of electric vehicles into the country. Responding to a question whether there is any proposal to exempt Tesla and other multinational car companies from local value addition of cost in heavy batteries, semiconductors and magnetic parts; and subsidy on the import duty on the import of Electric Vehicles (EVs) in India, Minister of State for Commerce and Industry Som Parkash said a production-linked incentive scheme for automobile and auto component industry with a budgetary outlay of Rs 25,938 crore was announced by the government.

Source: https://indianexpress.com/, December 14, 2023

India needs to develop a slew of companies that can own IPs in semiconductors: Indian-American entrepreneur

Applauding India for taking steps in the semiconductor industry that has emerged as a battleground for major global powers, Kush Gulati, co-founder, president, and CEO of Silicon Valley-headquartered Omni Design, said, Electronics based on semiconductors are going to be absolutely mission-critical. It is the backbone, the very backbone of the future of technology and electronics. Machine learning (ML) also is based on semiconductors. You have to build the hardware to support ML. Therefore you've got to have the company or country that controls these, an entity that is good at circuit design or chip design. Chip manufacturing is going to rule the world. It's kind of absolutely essential, Gulati said.

Source: https://www.moneycontrol.com/, December 13, 2023

‘Generous’ incentives have boosted semiconductor ambitions: IT Secy

The geopolitical advantage for India of companies and countries looking for resilient semiconductor and electronics supply chains is only going to last for “four or five years,” and that it was important to seize that opportunity within this period, Secretary of Electronics and Information Technology S. Krishnan said on Monday. A decade ago, he recalled, Intel backed out of a semiconductor packaging and testing facility in India due to a $100 million grant from the government falling through. Circumstances have changed for the industry now, with production-linked incentives and direct subsidies, Mr. Krishnan said, speaking to industry executives at an event focused on bringing more electronics manufacturing to India.

Source: https://www.thehindu.com/, December 11, 2023

India, Japan and a road to a resilient Semiconductors supply chain

As the Indo-Japanese ties have passed the test of reliability and also carried their old association legacy with a positivity. Over the years, both nations have confirmed their commitment towards global issues and their cooperation ranges from cultural interaction to cooperation in the field of science and technology to economic cooperation, to the armed forces interaction and so on which provided a depth to the Indo-Japanese relationship. Considering the size of semiconductor, its role and various use which includes use in the military equipment, a smooth semiconductor supply chain is vital and any disruption to the supply chain is a cause of concern and worry like saw during the Covid-19 pandemic.

Source: https://moderndiplomacy.eu/, By Kashif Anwar, December 14, 2023

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Information Technology

LTIMindtree, Infosys, Tech Mahindra rise; here's everything you need to know

Information Technology (IT) indices, S&P BSE Information Technology, and Nifty IT were rising in early trade on Thursday, December 14. Heavy buying in the IT pack was seen after the renowned global business research consultancy, HFS Research, said that the IT budget of IT firms' was expected to jump in 2024. At around 10:05 a.m., the S&P BSE Information Technology index was up by 2.49 per cent or 840.44 points, at 34,594.21. Similarly, the Nifty IT index was higher by 2.63 percent, or 846.9 points, at 33,913.55. Even the top 5 gainers on NSE were from the IT pack—LTIMindtree, Tech Mahindra, Infosys, HCL Tech, and Wipro—which rose between 3.19 per cent to 2.74 per cent. 

Source: https://www.zeebiz.com/, December 14, 2023

Tech Mahindra launches a global crowdsourcing platform, Populii

Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering solutions, today announced the launch of Populii, a crowdsourcing platform that enables gig workers to collaborate with leading organisations through micro jobs requiring human-in-the-loop services. The platform will create flexible work opportunities for the gig workforce while equipping businesses with reliable data from trained and qualified candidates to build competitive AI algorithms. Populii will create extensive opportunities for gig job seekers around data management, microtasks, and user studies with industry-leading enterprises. Gig jobs on Populii will include content rating, data collection, data transcription, and data annotation of multiple data types.

Source: https://www.mahindra.com/, December 13, 2023

How to fight misinformation and fake news during natural disasters

In the wake of natural disasters, such as the recent torrential rains that battered Chennai, the public’s attention is not just focused on immediate dangers and safety measures but also on combating the spread of misinformation. Traditionally, government agencies have been ‘go-to’ sources of information in events of disasters. However, the rise of social media has seen community groups and volunteers taking the place of official channels. While these informal sources often provide local information faster, some of them may be less reliable. A report published in The Conversation says that many people are switching off from official warnings because they find them hard to understand, or may feel there are too many of them. It may be that they have seen too many situations where the warnings do not affect them. This gives a scope for misinformation to proliferate.

Source: by Ankita Deshkar, https://indianexpress.com/, December 10, 2023

Worldwide Public Cloud End-User Spending to Reach $679 Billion in 2024, claims Researchers

An exclusive survey report by Gartner has now revealed that the worldwide end-user spending on public cloud services is forecast to grow 20.4 percent to total $678.8 billion in 2024, up from $563.6 billion in 2023. “Cloud has become essentially indispensable,” said Sid Nag, Vice President Analyst at Gartner. “However, that doesn’t mean cloud innovation can stop or even slow. The tables are turning for cloud providers as cloud models no longer drive business outcomes, but rather, business outcomes shape cloud models.” All segments of the cloud market are expected to see growth in 2024. Infrastructure-as-a-service (IaaS) is forecast to experience the highest end-user spending growth in 2024 at 26.6%, followed by platform-as-a-service (PaaS) at 21.5 percent.

Source: https://iotdesignpro.com/, December 06, 2023

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Telecom

Vi Partners with Anritsu to Elevate VoLTE Experience for Users in India

Vodafone Idea (Vi) has partnered with Anritsu to provide its users with an end-to-end enhanced calling experience on VoLTE. The Indian telecom operator has deployed a VoLTE monitoring solution provided by Anritsu to give a superior VoLTE experience to its users who should get faster call connectivity and crystal-clear sound quality. The solution will enable Vi to detect and resolve VoLTE service issues that its customers are facing. Further, Vi would be able to get VoLTE service-specific insights across dimensions such as devices, subscribers, codecs, network nodes, and cell-id. In a release, Vodafone Idea said that using the solution from Anritsu, it could reduce the resolution time of VoLTE service-related issues by 30%.

Source: By Tanay Singh Thakur, https://telecomtalk.info/, December 13, 2023

Global telecom industry body GSMA seeks 5G spectrum allocation in 6 GHz band in India

Allocation of 5G spectrum under the 6 GHz band for mobile services will be beneficial for India as several countries are pushing for allocating telecom spectrum in the same range, according to global telecom industry body GSMA. In a letter to union Telecom Minister Aswhini Vaishnaw, GSMA Director General Mats Granryd said the spectrum in the 6 GHz band is the only large contiguous block of radiowaves left in the mid-frequency range, and India will also benefit from its capacity. The telecom industry said the cost of network rollout in this frequency will be lower as compared to the next set of suitable spectrum for 5G available in higher frequency band.

Source: https://www.thehindu.com/, December 13, 2023

'Failure to designate 6 GHz spectrum band for mobile services to harm India’s interets'

The Cellular Operators Association of India (COAI) in a letter to Communications Minister Ashwini Vaishnaw said that the government's failure to identify 6 GHz frequency range for mobile services would harm India’s interests and impact the ecosystem development worldwide.In a letter to Vaishnaw, dated December 13, 2023, COAI director general SP Kochhar said, "Failure to designate this band as originally intended will not only harm India’s IMT interests, but also impact the progress towards the development of a worldwide ecosystem for IMT in this band.

Source: By Muntazir Abbas, https://telecom.economictimes.indiatimes.com/, December 14, 2023

Proposed US bill to charge fees from large apps should be adopted in India: COAI

Telecom operators want the government to adopt a bill, similar to a proposal in the US Congress, that would make large internet apps contribute to infrastructure costs to help lower broadband costs for consumers, a senior industry official said. A bill sponsored by US Senators Markwayne Mullin, Mark Kelly and Mike Crapo in US Congress last month aimed at lowering broadband costs for consumers proposed a direction to telecom regulator Federal Communications Commission (FCC) to mandate social media platforms, streaming services apps, cloud computing service providers like WhatsApp, YouTube, Netflix, Google etc to contribute to universal fund that is used for building networks.

Source: https://telecom.economictimes.indiatimes.com/, December 10, 2023

Now or never: GSMA bats for 6 GHz spectrum band, writes to Vaishnaw again

London-based top telco group in a letter to India's Communications minister Ashwini Vaishnaw said that it is high time for the country to support the 6 GHz band for 5G mobile ecosystem and beyond including achieving 'Bharat 6G vision.' In a letter to Vaishnaw, dated December 12, 2023, Mats Granryd, director general, GSMA said, "6 GHz band is also essential to achieving the Bharat 6G Vision so that India can take its rightful place as a leading global supplier of advanced telecom technologies and solutions that are affordable and contribute to the global good." Further, he said that the position taken by the Indian administration has been unfortunate so far at the WRC-23, and has been at variance with larger consensus being developed.

Source: By Muntazir Abbas, https://telecom.economictimes.indiatimes.com/, December 13, 2023

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EV’s & Auto Electronics

Bad news for Elon Musk's Tesla? Indian govt says no plans for providing exemption or subsidy on EV imports

In a major blow to Elon Musk's plans to make Tesla's presence felt in the Indian market, the central government has now said that it is not considering any proposal to grant subsidies or exemptions for the import of electric vehicles into the country. Parkash's reply comes at a time when several media reports in the recent past had claimed that Musk's Tesla and the Indian government were on the same page about offering tax breaks to electric car makers to commit to manufacturing in India. According to a Bloomberg report, Tesla and the Indian government had previously been at an impasse for a year.

Source: https://www.livemint.com/, December 14, 2023

For EV battery infra: Gogoro open to commit billions to India story

Gogoro is open to making a multi-billion dollar investment to establish a battery swapping infrastructure across India by 2032. This comes as the demand for electric two-wheelers surges in India, Horace Luke, chief executive officer (CEO) and co-founder of Gogoro said on Tuesday. The company received approval from the Maharashtra government in June this year to invest $1.5 billion — $500 million for vehicle manufacturing and $1 billion for battery swapping infrastructure — over the next eight years. On Tuesday, the company unveiled its first electric two-wheeler in India. The two-wheeler called CrossOver GX250 is being manufactured at its plant in Chhatrapati Sambhaji Nagar, Maharashtra.

Source: https://www.business-standard.com/, December 12, 2023

E-commerce and Delivery Giants Go Electric for Greener and Cheaper Deliveries, Here's Why

Delivery giants are making a smart move by using electric fleets, known as E-fleet. This switch is a big change in how things move around in cities. They’re focusing on business and big groups of vehicles, thinking that this will speed up the use of electric vehicles (EVs). They’re targeting areas like food delivery, moving goods, and taxi services because EVs are cheaper in the long run. Some big names, like Amazon, want to add 10,000 EVs to their delivery vehicles in India by 2025. Zomato plans to have all its delivery vehicles running on electricity by 2030, and Uber aims to have 25,000 EVs in action by 2026 through its “Uber Green” project.

Source: By Samreen Pall, https://www.news18.com/, December 13, 2023

India to set up 500 new charging points for electric vehicles

India's largest power utility and state-run Indian Oil Corporation Limited (IOCL) signed a memorandum in New Delhi on Monday, December 11, to roll out over 500 electric vehicle (EV) charging points at the company's petrol pumps across the country. This is reported by IANS, a partner of TV BRICS. These EV charging points will be installed in major cities like Mumbai, Delhi, Kolkata, Bengaluru, Ahmedabad, Pune and Kochi and on major highways like the Mumbai-Pune Expressway, Salem-Kochi Highway, Guntur-Chennai Highway. The strategic collaboration is aimed at creating a robust and extensive network of chargers across the country. It will help make driving more convenient for electric vehicle owners travelling between cities, the statement added.

Source: https://tvbrics.com/, December 12, 2023

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Defence & Solar

Chief Of Defense Staff Visits Japan To Deepen Military Ties

Chief of Defence Staff General Anil Chauhan, during his visit to Japan's Yokosuka Base, strengthened the defence ties between the two countries. He was given an overview of the Japan Maritime Self-Defense Force mission by Vice Admiral Saito Akira, Commander-in-Chief, Self-Defense Fleet. The visit was aimed at reinforcing strategic cooperation while highlighting the growing importance of the India-Japan defence partnership. Anil Chauhan departed from New Delhi for Japan on Sunday night to discuss defence ties between the two Asian countries, the Ministry of Defence (MoD) said in an official press release.

Source: https://www.ndtv.com/, December 12, 2023

US, India, Taiwan unite to strengthen cybersecurity against China threat

With China looming ever larger as a potent cyber threat, American, Indian and Taiwanese cybersecurity officials have met to find ways of deepening their operational expertise and sharing best practices on cybersecurity issues. The meeting took place on Monday and Tuesday during a joint workshop convened under the Global Cooperation and Training Framework (GCTF). This was the first in-person GCTF programme held in India. Co-hosting the event were US Ambassador to India Eric Garcetti, Taiwan’s Representative to India, Baushuan Ger, India’s former National Cyber Security Coordinator, Lieutenant General Rajesh Pant, and the Indian government-sponsored think tank, United Service Institution of India (USI).

Source: https://www.business-standard.com/ December 13, 2023

Mazagon dockyards submits bid for over rs 20,000 crore project to build 3 new kalvari class submarines

 Mazagon Dockyards Limited has submitted its response to the Defence Ministry tender for building three new Kalvari class submarines for the Indian Navy. The project, which will be built in Mumbai in partnership with French firm Naval Group, has already inducted five of the six Kalvari class submarines ordered in 2005 from France. In a significant development, the state-owned Mazagon Dockyards Limited has submitted its response to the Defence Ministry tender for building three new Kalvari class submarines for the Indian Navy. Senior defence sources told that the bids by the PSU have been received by the Defence Ministry for the mega project, which will be built indigenously in Mumbai in partnership with the French firm Naval Group.

Source: https://www.indiandefensenews.in/, December 14, 2023

Defence ministry approves rs 2,800 crore for 6,400 rockets for pinaka weapon system

In a major boost for the Indian Army, the Defence Ministry has approved a Rs 2,800 crore proposal for buying around 6,400 rockets for Pinaka multi-barrel rocket launcher systems. The Defence Ministry's Defence Acquisition Council's recent meeting had cleared the proposal for the acquisition of two types of these rockets, known as Area Denial Munition Type 2 and Type-3, defence sources said. The rockets would be procured by the Indian Army from indigenous sources only and two main contenders include the Economic Explosives Limited of Solar Industries and the Munitions India Limited-- one of the ammunition-producing companies created by the corporatisation of the erstwhile Ordnance Factories, they said.

Source: https://www.indiandefensenews.in/, December 14, 2023

Defence ministry clears order for indigenous type-2, type-3 area denial munitions

On December 13, 2023, the Defence Ministry approved a proposal to purchase rockets for the Pinaka multi-barrel rocket launcher system. The order includes two types of rockets, known as Area Denial Munition Type-2 and Type-3, which will be procured from indigenous sources. The rockets will give additional lethality to the Pinaka system, which is already in service with the Indian Army reported TOI. Area denial weapons are defensive devices that prevent adversaries from occupying or traversing an area. They may not be completely effective in preventing passage, but they can severely restrict, slow down, or endanger the opponent.

Source: https://www.indiandefensenews.in/, December 14, 2023

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Consumer Electronics

Consumer Electronics Market to Surpass $1,239.40 Billion by 2030 | Exclusive Report by Fortune Business Insights

The global consumer electronics market size was valued at USD 738.75 billion in 2022 and the market is anticipated to expand from USD 773.40 billion in 2023 to USD 1,239.40 billion by 2030, exhibiting a CAGR of 6.97% over the study period. The surge is driven by the increasing consumer demand and rising focus of industry players on the development of convenient-to-use and high-performing devices. The COVID-19 pandemic led to the increasing adoption of computing products driven by the soaring adoption of work-from-home culture. The reopening of retail stores, relaxation of lockdown norms, and the continued trend of online selling boosted industry expansion to a considerable extent.

Source: https://www.globenewswire.com/, December 12, 2023

Acer Boosts Commitment to ‘Make in India’, to Expand Into AI PCs, eMobility, More

Taiwanese electronics giant Acer has reaffirmed its commitment to continue contributing to the Make in India initiative in the backdrop of its chairman's visit to the country. The 47-year-old company views India among its pivotal markets and has announced that it will be drilling deeper into India's tech market via new segments like consumer electronics, eMobility, and AI PCs. In the coming years, the company wishes to bring more layers of eco-friendly technologies so that it stays true to its commitment to attain a carbon neutral status in due time. As part of India's renewed focus on manufacturing, Prime Minister Narendra Modi's government had launched the Make in India initiative in September 2014.

Source: By  Radhika Parashar, https://www.gadgets360.com/, December 13, 2023

Apple Explores Indian Suppliers Across Auto, Aerospace And Consumer Electronics For Parts

In the wake of Apple reportedly scouting for Indian, Japanese and South Korean suppliers who can provide critical components to its contract manufacturers in India amid reports that the global smartphone major is looking to beef up its iPhone production in the country to over 50 Mn units annually, the company has now started reaching out to various suppliers across automotive, aerospace, and consumer electronics sectors for the critical parts. As per Mint’s report, Apple is reaching out to these above-mentioned sectors to explore potential supplier arrangements across multiple product categories.

Source: By Pooja Yadav, https://inc42.com/, December 11, 2023

Sony confident for double-digit growth journey in India, helped by premiumisation

Consumer electronics maker Sony India expects a 15-20 per cent growth in this fiscal with the trend of premiumisation in the Indian TV and audio market helping it make a turnaround, a top company official said. The company's premium television category comprising screen size of 55 inches and above along with audio products would be the "key growth drivers" for Sony India, as the trend of premium products has evolved in the country, Sony India Managing Director Sunil Nayyar said. Sony India, a wholly owned subsidiary of Japan's tech major Sony Corporation, had recently in a RoC filing reported a 31.8 per cent increase in profit for 2022-23 and its revenue from operations was up 23.1 per cent to Rs 6,353.74 crore.

Source: https://economictimes.indiatimes.com/, December 10, 2023

LG India's revenue crosses Rs 20,000 cr mark in FY23

India's largest home appliance manufacturer LG Electronics India crossed the ₹20,000 crore revenue milestone in FY23 with total income growing 17% year-on-year in 2022-23 to ₹20,112 crore, as per the company's latest regulatory filings with the Registrar of Companies (RoC). The South Korean company's profit after tax also went up 14% year-on-year to ₹1,345 crore last fiscal. The company did not attribute any reason behind the rise in sales and net profit in the filings while an email sent remained unanswered till Thursday press time. As per the filings, refrigerators contributed 29% of sales for LG India followed by washing machines at 21%, air-conditioners at 20% and televisions at 19%. The home appliances segments together notched up over ₹14,000 crore sales for the company in FY23.

Source: Writankar Mukherjee, https://economictimes.indiatimes.com/, November 03, 2023

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EMSIF

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

MSME contribution to India's GDP lags pre-pandemic highs, shows data

The share of micro, small and medium enterprises (MSME) in India’s gross domestic product (GDP) in 2021-22 was 29 per cent, lower than the sector's pre-pandemic highs. The share of MSMEs in the country’s total output, in terms of gross value added, touched 31 per cent in 2018-19 before declining during the pandemic, as per data tabled in the Parliament on Monday. About $200 billion worth of MSME products were exported in 2022-23, but their share in India’s overall exports declined to a five-year low of 44 per cent. MSME products made up about half of all exports in 2019-20 before the pandemic.

Source: By Samreen Wani, https://www.business-standard.com/, December 12, 2023

TN seeks moratorium on loan repayment for cyclone-hit MSMEs

Tamil Nadu Chief Minister MK Stalin on Thursday wrote to Union Finance Minister Nirmala Sitharaman seeking a moratorium on loan repayments for the families, MSMEs and small businesses impacted by the recent cyclone Michaung in Chennai, Chengalpattu, Kanchipuram and Thiruvallur districts. The 37 lakh families living in the four districts of Tamil Nadu have borne the brunt of relentless rain, which has significantly disrupted livelihoods and damaged property, he said. Many of these families and businesses have taken various loans and would find it impossible to repay them in these difficult circumstances, he stated. There is an urgent need to mitigate the burden of immediate debt servicing by relaxing repayment schedules until they recover from this crisis, he urged.

Source: https://www.thehindubusinessline.com/, December 14, 2023

Share of women MSMEs jumps to 37% in total MSMEs registered on govt’s Udyam portal

The share of MSMEs owned by women entrepreneurs in the total MSMEs registered with the MSME Ministry has jumped. According to the data shared by the Minister of State in the MSME Ministry Bhanu Pratap Singh Verma in a written reply to the Rajya Sabha on Monday, the number of women-owned MSMEs registered on the government’s Udyam portal stood at 1.17 crore – 37.13 per cent of the total 3.16 crore MSMEs registered as of December 4 since the launch of the portal on July 1, 2020, post-Covid. In comparison, the share of women-owned MSMEs in the total over 2.10 crore units registered as of August 1, 2023, was 19.43 per cent, Verma had informed the Parliament during this year’s monsoon session.

Source: https://www.financialexpress.com/, December 11, 2023

Nirmala Sitharaman meets delegation of MSMEs impacted by Cyclone Michaung; assures help

Finance Minister Nirmala Sitharaman on Wednesday met a delegation of the industry body Ambattur Industrial Estate Manufacturing Association (AIEMA) over the losses suffered by their members due to Cyclone Michaung recently. The recent cyclone impacted the coastal part of Southern India, including Tamil Nadu and Andhra Pradesh. In this regard, Public-Sector General Insurance Companies (PSGICs) have been instructed to deploy more surveyors immediately, the finance ministry said in a post on X. Further, a special camp would be organised on site from December 20, 2023, onward for smoother and easier processing of claims, it said.

Source: https://www.deccanherald.com/, December 14, 2023

Sec 240A IBC | Even If MSME Registration Obtained Post Commencement Of CIRP, Promoter Eligible To Submit Resolution Plan: Supreme Court

The Supreme Court has held that the Promoter of a Corporate Debtor is eligible to submit a resolution plan in terms of Section 240A of the Insolvency and Bankruptcy Code, 2016 (“IBC”), even if the Corporate Debtor was registered as Micro Small Medium Enterprise (“MSME”) after commencement of Corporate Insolvency Resolution Process (“CIRP”). The Bench comprising Justice Sanjay Kishan Kaul and Justice Sudhanshu Dhulia, has set aside an order passed by the National Company Law Appellate Tribunal (“NCLAT”), wherein the Promoter of a MSME Corporate Debtor was declared ineligible to submit a plan on the premise that the MSME certificate was obtained post commencement of CIRP.

Source: By Pallavi Mishra, https://www.livelaw.in/, December 14, 2023

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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 2022-23 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 

	Consumer Technology Association. JAN 9-12, 2024 LAS VEGAS, NV https://www.ces.tech/about-ces.aspx
	Hong Kong Electronics Fair 2024 13-16 Apr 2024 - Physical     Fair 6-23 Apr 2024 - Click2Match (Online)  13 Mar-12 May 2024 - hktdc.com Sourcing  Hong Kong Convention and Exhibition Centre               https://www.hktdc.com/event/hkelectronicsfairse
	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
	Appliance & Electronics World Expo 2024 14 - 17 Mar 2024 Shanghai New International Expo Centre(SNIEC), Shanghai, China https://www.awe.com.cn/
	Wire Dusseldorf 2024      Messe Düsseldorf GmbH 15 - 19 Apr 2024 Messe Düsseldorf,Am Staad, Düsseldorf, D-40474 Germany https://www.wire-tradefair.com/
	International Battery Seminar & Exhibit 2024  12 - 15 Mar 2024 Loews Royal Pacific Resort at Universal Orlando, Orlando, USA  https://www.internationalbatteryseminar.com/
	Automotive World Korea 2024 24 - 26 Apr 2024 COEX, Seoul, South Korea  https://www.automotiveworld.kr/
	Seoul International Electric Fair & Power Generation Korea 2024 03 - 05 Apr 2024 Coex Halls A & B, Seoul, South Korea https://sief.co.kr/fairDash.do?hl=ENG
	SOURCE INDIA EVENT ELCINA 23-24Th JANUARY, 2024 Chennai Trade Centre, Chennai, TN https://event.sourceindia-electronics.com/
	Electronics for You Expo 2024 INDIA ELECTRONICS WEEK 31st-2nd FEB,2024 KTPO, WHITEFIELD, BENGLURU,INDIA https://www.indiaelectronicsweek.com/?
	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