VOL XXIV, ISSUE 03

15 February 2023

Top Stories

Policy Scan

Industry Scan

EMSIF

Business Opportunity

ELCINA Update

Upcoming Events

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Source India – ELCINA ESDM Portal was formally Launched

Development of this Online Portal is an important and significant initiative taken by ELCINA in consultation with MeitY and has been supported by MeitY. This idea came up during the discussions of ELCINA’s EMS Task Force meetings where the need for creation of a valuable platform for the Indian ESDM industry was highlighted. ELCINA took the lead to develop this portal under the guidance of its committee and senior officers from MeitY.

ELCINA ESDM portal aims to provide a B2B platform to all the companies which are associated with electronic systems design and manufacturing in India to list their products which are accessible to the buyers. The portal would enable buyers to identify suitable suppliers of inputs and services and send the enquiries online. This will centralise information about the capabilities of the dispersed electronics industry in the country and become a single window of information. This information would be available to the ESDM companies domestically as well as seamlessly across the global supply chain where Indian companies get connected as potential suppliers.

ELCINA ESDM Portal is Free for all the companies Manufacturing electronics or part of the electronics Value Chain for first year. Please create your profile on the portal today. If you have any queries, please write to support@sourceindia-electronics.com or yogesh@elcina.com

India wants to lift defence exports to $5 billion by FY25, says PM Narendra Modi

India wants to raise its annual defence exports to $5 billion by 2024-25 from $1.5 billion currently, Prime Minister Narendra Modi said on Monday while inaugurating the Aero India show. Modi said India's defence exports have increased six times in the last five years and that it has crossed the figure of USD 1.5 billion in its exports. The five-day aerospace exhibition, considered the largest in Asia, is being participated by over 700 Indian and foreign defence companies besides delegates from around 100 countries which included several defence ministers as well.

Source: https://economictimes.indiatimes.com/, February 13, 2023

Tamil Nadu aims for electronics manufacturing worth $100 billion in next five years: S Krishnan

Tamil Nadu is well positioned to achieve a $100-billion electronics system design and manufacturing industry in the next five years. As global companies are leveraging the well-developed manufacturing system in the State, Tamil Nadu has emerged as one of the major electronics hardware manufacturing and exporting States in the country, said the State Industry Secretary S Krishnan. India’s presence in the global electronics value chain is very crucial, and also Tamil Nadu’s role within the country, he said at a press meet organised by Electronics Industries Association of India (ELCINA) to announce the 12th Source India Summit.

Source: BY BL CHENNAI BUREAU, https://www.thehindubusinessline.com/, February 08, 2023

Nokia Extends Fibre Broadband Equipment Manufacturing into India

In a response to increasing demand from local as well as international markets, telecom company Nokia announced that it will extend manufacturing of PON optical line terminals (OLTs) at its factory in Sriperimbudur near Chennai in India. The company said that the pandemic-hit world has witnessed changes in consumer behaviour, from home working to data-rich entertainment services, which is resulting in high demand for broadband. As per Nokia, demand for fibre is also shifting to new regions with the Asia-Pacific region seeing strong demand in markets like Japan, India and Southeast Asia. This demand will be significantly seen in the form of fibre to the home (FTTH) but there is also major demand from mobile network operators as they deploy 5G and need next-generation fibre in their transport networks to carry the expected surge in data traffic, it added.

Source: By Vaishali Yadav, https://www.electronicsb2b.com/, February 10, 2023

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  POLICY SCAN                                                                                    

MSME policy ready for release after extensive consultations

The national policy on micro, small and medium enterprises (MSMEs) is ready for release, having completed a protracted stakeholder consultation, a top government official said. According to Bhanu Pratap Singh Verma, minister of state for MSMEs, the industry is expected to experience rapid growth as a result of the numerous government initiatives introduced over the years. Verma continued by saying that the Emergency Credit Line Guarantee Scheme (ECLGS) programme has assisted MSMEs in surviving economic crises.

Source: By Ravi Dutta Mishra, https://www.livemint.com/, February 08, 2023

Punjab cabinet approves new industrial and electric vehicle policies.

The Punjab Cabinet under the chairmanship of Chief Minister Bhagwant Mann approved the new industrial and electric vehicle policies here on Friday. The approval of of both the policies comes days ahead of an investors' summit to be organised by the state government on February 23-24 in Mohali. Cabinet on Friday approved the state's new industrial policy, with infrastructure. 

Source: https://energy.economictimes.indiatimes.com/, February 04, 2023

Electronics good exports growing at 55 pc annually, PLI to help local firms: Eco Survey

Electronics goods emerged among the top five commodity groups showing healthy exports at an annual growth rate of 55.1 per cent with mobile phone production in the country rising by five-fold in past seven years, the Economic Survey said on Tuesday. The survey sees potential of production linked incentive schemes in supporting domestic players to achieve economies of scale in manufacturing facilities. According to the survey, improved digitisation and robotics applications in Industry 4.0 are driving growth in industrial electronics and the impetus on Smart Cities and the Internet of Things (IoT) will streamline the demand for smart and automated electronics.

Source: By https://www.livemint.com/, February 01, 2023

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 INDUSTRY  SCAN                                                                           

General

Why Global Semiconductor Companies Are Now Preferring India to Set-up their Production Unit

Media reports have now stated that several international semiconductor companies are now planning to set-up their bases in India and boost the industry. For instance, Foxconn and Vedanta announced a JV back in September last year to begin their fabrication plant in Dholera region in Gujarat. Tata Group on the other hand, has also been reported to set-up their semiconductor manufacturing unit in India, as per Tata Sons Chairperson Natarajan Chandrasekaran. Apart from the Vedanta-Foxconn consortium, the government has received five other bids to commence semiconductor fabrication units such as Next Orbit Ventures that has associated with Israel’s Tower Semiconductor and also Singapore based IGSS Ventures. According to the experts, the Vedanta-Foxconn consortium is likely to invest a sum of $19.5 billion dollars, which would help various global companies set-up their bases in the country.

Source: https://circuitdigest.com/, February 09, 2023

Why Foxconn-Vedanta JV Looking to Partner STMicroelectronics; Explain Experts

The Indian global conglomerate Vedanata and the Taiwan based global contract manufacturer Foxconn are now expected to partner STMicroelectronics in their upcoming semiconductor manufacturing plant in India. This is according to some anonymous people in the company familiar with the matter. Back in February, when the joint venture was proclaimed, Foxconn had said that they would be the lead associate. The anonymous person who shared the information with the media has also stated that the government is very much optimistic with this JV with Foxconn that has assured to do huge investments in India. Experts in the company added that this association with STMicro is a necessity because in this kind of JV, a pure semiconductor technology maker can offer huge knowledge and skills in chip manufacturing. The government has assured to bear 50 percent of the venture cost, coupled with the other incentives.

Source: https://circuitdigest.com/, February 08, 2023

Flattening Demand for PCs and Smartphones Have Forced OMEs to Reduce Spending on Semiconductors

The international research firm Gartner has now released a new survey report, which stated that the leading ten OEMs have decreased their spendings and investments on semiconductor in 2022 that is around 7.6 percent. This is due to the fact that the global demand for PCs and smartphones have flattened owing to the increasing inflations. Speaking of total spending, BBK and Dell’s share reached 3 percent, Lenovo 3.5 percent, Samsung Electronics 7.7 percent, and Apple turned to be the highest spender for the fourth consecutive time with 11.1 percent. Interestingly, most of the OEMs decreased their spending in 2022 like HP by 18.9 percent, Apple reduced it by 2.6 percent, while Huawei did the same by 19 percent.

Source: https://circuitdigest.com/, February 07, 2023

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Information Technology

Centre to initiate Digital Philatelic Exhibition to connect youth, says Ashwini Vaishnaw

Union communications and IT minister Ashwini Vaishnaw on Saturday announced that a Reel comprising 25-30 seconds would be available on Instagram on Indian stamps every Sunday in the next few days. This initiative will be undertaken by India Post to entertain and inform the children about Indian history and her story through stamps and disbursed for public consumption digitally. During the inaugural session of the five-day National Philatelic Exhibition, Amritpex 2023, the minister declared that this particular initiative will be on display every week on Sunday and subsequently the series will continue.

Source: By Saurav Anand, February 11, 2023

Bhagwati Products in talks with top IT hardware brands for manufacturing, to invest additional Rs 10 cr

India's electronics contract manufacturer Bhagwati Products, which is the first domestic company to benefit from the government’s Production-Linked Incentive (PLI) Scheme for IT hardware, is in talks with the top four IT hardware brands in the country. Under the PLI scheme, Bhagwati is currently manufacturing laptops and tablets for Acer and Realme, along with a few smaller brands. Bhagwati qualified incremental sales thresholds and investment criteria, as per the scheme's requirements and bagged Rs 5.30 crore disbursement by the Ministry of Electronics and Information Technology for 2021-22. The company has been manufacturing IT hardware at its state-of-the-art manufacturing facilities in India - Bhiwadi (Rajasthan) in the North and Hyderabad (Telangana) in the South since 2020. It has a current annual manufacturing capacity of 10 million smartphones and 1.2 million IT products.

Source: Nidhi Singal, https://www.businesstoday.in/

IT Layoffs: These are the most 'riskiest,' 'safest' jobs in tech industry

For years big tech jobs were thought of as the most secure jobs, but the stories of layoffs have made aspirants reluctant to join the IT industry. The prospective recruits are now thinking twice about their career at the IT industry's leading companies. For the past few decades, big tech companies are offering six-figure startling salaries straight out of school. But with massive layoffs, the pipeline of talent is starting to buckle as aspirants are thinking twice about hiring. Microsoft, which hired 58,000 people in the two years following the start of the pandemic, said last month that it was cutting 10,000 positions. The layoffs announced by Alphabet, Microsoft, Salesforce, and Meta total 41,000 so far. In India, tech and startup companies also laid off employees citing overhiring, funding challenges, and cost pressures.

Source: https://www.livemint.com/, February 11, 2023

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Telecom

DoT starts doling out production-linked incentives, GX Telecom gets first cheque

The Department of Telecom has started disbursing production-linked incentives to shortlisted manufacturers who have completed their target for 2021-22, a government official said. Telecom gear maker GX Telecom, which has been shortlisted under the PLI scheme for promoting local manufacturing, said it received an incentive from the DoT under the scheme. The company has a capacity to make 3.5 lakh units of GPON equipment which are used for rolling out broadband networks.

Source: https://economictimes.indiatimes.com/, February 12, 2023

Tatas to play in telecom again, but this time it's different...

Tata Group which quit consumer telecom after exiting Tata DoCoMo tie-up is set to make yet another major foray into telecom, but this time it's different. Instead of telecom services, the group is keener on equipment and software. Tata group is consolidating its telecom equipment and technology offerings under Tejas Networks to ramp up the telecom business, N Chandrasekaran, chairman of the group tells Fortune India. Tata Group exited the consumer mobile business by selling assets to Bharti Airtel in 2019. Before that, the Tata firm settled its dispute with NTT Docomo and bought back the joint venture partner's stake in the business. "We were not a significant player in telecom. We were at fifth or sixth. The company was financially weak and we didn't have the right network.

Source: By Nevin John, https://www.fortuneindia.com/, February 13, 2023

Telecom reforms bring boost to industry: GSMA chief

India's recent policy reforms in the telecom sector have improved opportunities for the industry, and the government's ambition to bring in light-touch regulation is the right approach, a top telco group head said. London-based GSMA represents more than 750 telecom carriers including India's Reliance Jio, Bharti Airtel and Vodafone Idea. In September 2021, the Cabinet approved a host of structural and procedural reforms that include rationalisation of spectrum usage charge (SUC), bank guarantees and AGR definition with exclusion of non-telecom revenue. In addition, the tenure of spectrum holdings increased from 20 to 30 years, for future spectrum auctions.

Source: Muntazir Abbas, https://telecom.economictimes.indiatimes.com/, February 02, 2023

Trai mulls 5G service quality norms

The Telecom Regulatory Authority of India (Trai) is considering bringing fifth generation (5G) quality of service (QoS) parameters following a consultative process by the mid of this year. The Trai official further said that while telcos are mandated to maintain 98% quality, but in many scenarios, base transceiver stations (BTS) take a longer time to be up and running in rural and remote areas.

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

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EV’s & Auto Electronics

In China, Tesla could win electric vehicle price battle - but lose the war

Slashed prices have given Tesla's China sales a pop, but analysts - and even fans - warn the U.S. automaker needs to up its long-term game to avoid choking on the dust of fast-moving rivals in the world's biggest electric vehicle market. Most immediately, Tesla's January price cuts drove deliveries of its China-made vehicles up 18% from December. Tesla's thick profit margins have put it in a position to take a price war to competitors in China and beyond, analysts say. But they say Tesla has lagged competitors in China in introducing new models, improving navigation systems and adding luxe interior touches or white-glove customer service to serve the developing range of consumer preferences for EVs.

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

Chandigarh to stop registering petrol powered two wheelers: Only electric vehicles permitted

The Administration of Chandigarh has made a huge announcement that from the beginning of 2024 the office of Registering & Licensing Authority, UT, Chandigarh will completely stop the registration of non-electric two-wheelers. Furthermore, beginning today i.e. 10th February the administration has also stopped the registration process for non-EV two-wheelers for the financial year 2023. According to the administration’s official statement, this step has been taken in order to to achieve the aim of eco-friendly and green transportation in Chandigarh. Chandigarh administration in its order to cease the registrations of ICE two wheelers stated, “The policy aims at encouraging electric mobility and discouraging non-electric vehicles in the interest of healthier environment. In order to encourage electric vehicles, waiver on road tax on electric and hybrid vehicles has been envisaged in the policy.

Source: By Utkarsh Deshmukh, https://www.cartoq.com/, February 13, 2023

Luxury car companies line up for big Indian electric vehicle race

Luxury car makers are set to launch several electric vehicles in the coming months as they bet on EVs accounting for up to a fourth of their sales in the country in the next three-four years, up from low single-digit shares now, said industry executives. Mercedes, BMW, Audi and Volvo are bullish on EVs even as they are priced higher than petrol and diesel vehicles, said the executives, adding that among other benefits buyers are enthused by a lower 5% goods and services tax (GST) on EVs and waiver of road registration in several states.

Source: By Lijee Philip, https://economictimes.indiatimes.com/, February 12, 2023 

Electric vehicles likely to equal petrol cars in price this year: Report

Sticker prices for electric vehicles (EVs) are falling closer to the point at which they could soon be on a par with gasoline cars. Increased competition, government incentives and falling prices for lithium and other battery materials are making EVs more affordable. The tipping point when EVs become as cheap or cheaper than cars with internal combustion engines could arrive this year for mass market models and is already the case for some luxury vehicles. Prices are likely to continue trending lower as Tesla, General Motors, Ford Motor and their battery suppliers ramp up new factories, reaping the cost savings that come from mass production.

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

Govt is planning to allocate more FAME II funds for E-buses amid allegations of EV subsidy fraud

The government is considering tweaking the allocation of funds under its electric vehicle subsidy scheme to focus more on replacing diesel buses in public transport, amid allegations that many electric two-wheeler makers had wrongfully claimed incentives. The move comes even as investigations are underway against a dozen electric two-wheeler makers for alleged violations of the local value-addition criteria under the scheme. Ather, Ola, TVS Motor and Vida are separately under the scanner for alleged mispricing of their electric vehicles to become eligible for subsidy under the scheme.

Source: Sharmistha Mukherjee, https://economictimes.indiatimes.com/, February 13, 2023

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Defence & Solar

India, US to jointly develop UAVs and share IP rights

India and the US have moved ahead to jointly develop air launched unmanned aerial vehicles that will be used for surveillance missions, with first flight of the prototype likely to take place by the end of this year. The Air Launched Unmanned Aerial Vehicle (ALUAV) program is taking place under the Defence Technology and Trade Initiative (DTTI) and a critical factor is that the intellectual property (IP) rights for the new system will be jointly shared by the two sides.

Source: https://economictimes.indiatimes.com/, February 11, 2023

Aero India set to take off, dazzling aerial displays on the cards

The 14th edition of India's largest aerospace and defence exhibition, Aero India, takes off here on Monday with inauguration by Prime Minister Narendra Modi bolstering 'Make in India' campaign and giving a fresh impetus to the domestic aviation sector. The five-day event will include aerial displays by aircraft and helicopters along with a large exhibition and trade fair of aerospace and defence companies. As many as 809 exhibitors, including 110 foreign ones, have confirmed their participation at the show at Air Force Station Yelahanka, which is being positioned as a platform for 'Make in India for the world', defence officials said. U.S. Embassy Charge d'Affaires Ambassador Elizabeth Jones will lead the largest-ever U.S. delegation to Aero India.

Source: https://economictimes.indiatimes.co, February 12, 2023

India successfully lands light combat aircraft, MiG-29K on carrier

A technology demonstrator of India’s single-engine light combat aircraft successfully landed on the country’s first locally built aircraft carrier INS Vikrant on Monday for the first time, as part of compatibility testing. In a statement, the Indian Navy described the development as a historical milestone that “demonstrates India’s capability to design, develop, construct and operate indigenous aircraft carriers with indigenous fighter aircraft.” The first landing of a Russian-made MiG-29K fighter jet on the carrier also took place Monday using its short-takeoff-but-arrested-recovery mode. The service said Indian naval pilots performed the two landings. The Navy plans to use its 12 MiG-29K fighters on the INS Vikrant, and bolster its fleet by procuring 26 F/A-18E or Rafale M fighters.

Source: By Vivek Raghuvanshi, https://www.defensenews.com/, February 07, 2023

Russian Arms Supplies To India Worth $13 Billion In Past 5 Years

Russian supplied India with around $13 billion of arms during the past five years, and New Delhi has orders placed with Moscow for weapons and military equipment exceeding $10 billion, Russian state news agencies reported late on 12-Feb-2023. India is the world's biggest buyer of Russian arms, accounting for around 20% of Moscow's current order book, and New Delhi has not explicitly condemned Russia's invasion of Ukraine. Indian Prime Minister Narendra Modi has called for dialogue and diplomacy to solve the conflict, now in its 12th month. Scores of Western countries-imposed sanctions on Russia, including on arms, in response to the invasion, which Moscow calls a "special military operation". India, China and some Southeast Asian countries have maintained their interest in buying Russian arms, according to Dmitry Shugayev, the head of Russia's Federal Service for Military-Technical Cooperation, the agencies reported.

Source: https://www.indiandefensenews.in/, February 13, 2023

Beml bags major order worth rs 377.98 for 118 nos of track width mine plough

BEML bags order worth Rs 377.98 crore from HVF Avadi to supply 118 units of track width mine plough. The railway transportation company has received an order for supply of 118 units of track width mine plough (TWMP) for Arjun MBT MK-1A from HVF, Avadi. The contract value of the order is Rs 377.98 crore and the supply of TWMP is expected to be completed by January 2026. Shares of BEML rose 4.5 percent on February 13 after the state-owned company bagged an order. At 9:16 am, shares of the company were trading at Rs 1,398.1, up 1.5 percent on the BSE. The consolidated value of the order is approximately Rs 377.98 crore and the supplies are expected to be completed by January 2026, it added in the filing.

Source: https://www.indiandefensenews.in/, February 13, 2023

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Consumer Electronics

Indian Consumer Electronics Market To Reach Rs 12,899 Bn By 2027: Report

A latest report revealed that the India consumer electronics market was valued at Rs 5,363.70 billion in 2021. But it is expected to reach Rs 12,898.89 Bn by 2027, expanding at a compound annual growth rate (CAGR) of about 15.77 per cent between 2022 and 2027. The report noted that consumer lifestyle changes, better access to finance, higher disposable incomes, and increased demand from households all contribute to the growth of the Indian consumer electronics market. The industry includes the segments like - Smartphones, PC, Laptop, Tablets, Televisions, Air Conditioners, Refrigerators, and Washing Machine. The smartphone segment held the largest share of 52.38 per cent in 2021, within the consumer electronics market with, which is estimated to reach about 52.53 per cent by 2027.

Source: https://www.businessworld.in/, February 11, 2023

Why secondhand smartphones are a top choice for customers today

The secondhand phone has emerged as a rising star in the electronics segment this year. Around 25 million smartphones were bought and sold in the secondhand market, and their sales are expected to rise to 51 million units at a valuation of $4.6 billion by 2025, as per a report by IDC and the ICEA. With OEMs pushing out phones with new features and better performance as frequeently as two to three times a year, consumers are upgrading faster. India’s status as world’s second-largest smartphone market is going hand in hand with its status as the fastest growing market for second-hand smartphones.

Source: https://retail.economictimes.indiatimes.com/, February 10, 2023

Flexible OLED Market to Reach $117.7 Billion, Globally, By 2031 at 40.4% CAGR: Allied Market Research

Allied Market Research published a report, titled, "Flexible OLED Market By Type (AMOLED, and PMOLED), Application (Smartphones and Tablets, Televisions, Laptops and Monitors, Wearables, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2031", according to the report, the global flexible OLED industry was valued at $4.1 billion in 2021 and is estimated to generate $117.7 billion by 2031, witnessing a CAGR of 40.4% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The rise in demand for low-energy consumer electronics, rapid technological advancements in electronic devices, and an increase in the use of flexible OLED screen in a variety of consumer electronics, including television displays, smartphones, smart watches, tablets, and others fuel the growth of the global flexible OLED market.

Source: https://finance.yahoo.com/, February 13, 2023

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EMSIF

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

Number of MSMEs closed in FY23 so far surpasses total closures during 2016-2022: Govt data

 The number of Udyam-registered MSMEs closed in the current financial year has jumped from 2,870 as of mid-July and 8,000 in the first week of December to 10,729 till February 3 against 18.04 lakh new enterprises incorporated this fiscal, the official data showed. In comparison, 10,067 MSMEs were shut between 2016 and 2022 including 400 MSMEs shut during the 2016-2019 period as per the Udyam Aadhaar Memorandum (erstwhile portal for MSME registration) data, while the majority 9,667 units shut between 2019 and 2022, as per both – UAM and Udyam portal data. 6,222 Udyam MSMEs were shut in FY22 with 42,662 people losing their jobs and from July 1, 2020 (when the Udyam portal was launched) till March 31, 2021, 175 units were closed with 724 jobs lost.

 Source: By Sandeep Soni, https://www.financialexpress.com/, February 13, 2023

25 of 43 MSME clusters already started: Khattar

Haryana chief minister Manohar Lal Khattar said on Saturday that inspired by the Government of India's ambitious MSE cluster scheme, Haryana has formulated a State Mini Cluster Development Programme. Under this programme, a 90 percent grant-in-aid is provided for setting up common facility centers. At present, the process of setting up 43 mini clusters is going on in Haryana, out of which 25 clusters have started. This scheme was also appreciated by the Government of India, said CM Khattar while interacting directly with the Micro Small, and Medium Entrepreneurs during a virtual Samvad programme held on Saturday. 

Source: https://timesofindia.indiatimes.com/, February 12, 2023

Assam to hold series of events for growth of MSME sector 

To give a further push to the entrepreneurship drive and to address the various challenges faced by the MSME sector, the Assam government has decided to organize a series of events under “Udyam -2023”, across various places in the state. Beginning tomorrow – February 13, 2023, the event will be being organized by the Department of Industries, Commerce and Public Enterprises. In addition, to scale up marketing opportunities for MSME entrepreneurs, the government will also offer training sessions for those with a zeal for entrepreneurship, said Assam’s industry and commerce minister Bimal Bora on Sunday. The places where the fairs will be held are Tamulpur, Nagaon, Diphu, Sonitpur, Udalguri, Jorhat, Cachar, Kamrup, and Tinsukia. 

Source: https://theprint.in/, February 12, 2023

RBI Proposes to Expand TReDS Scope to Improve MSME Cash Flows

The Reserve Bank of India (RBI) Governor Shaktikanta Das stated in his monetary policy speech that the RBI plans to expand the acceptability and scope of the Trade Receivables Discounting System (TReDS) among stakeholders. The RBI Governor stated that the RBI proposes to expand the TReDS scope by providing an insurance facility for invoice financing, permitting all institutions and entities undertaking factoring business to participate as financiers in TReDS and enabling rediscounting of invoices. TReDS is an electronic platform that enables many financiers to discount or finance Micro, Small and Medium Enterprise (MSME) trade receivables. Businesses and purchasers, such as government agencies and PSUs, may owe these receivables. The major participants in TReDS are buyers, sellers and financiers. 

Source: https://news.cleartax.in/, February 10, 2023

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ELCINA EVENTS , ACTIVITIES & SERVICES 

For more information, please contact:

Rajesh Rawat – 9911445890 / rajesh@elcina.com

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 organisations as well as industry promotion institutes across the world….

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