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POLICY SCAN
Production-linked
incentive scheme can add 4% to GDP annually
The production-linked incentives (PLI) scheme,
which seeks to boost manufacturing in key areas
by offering nearly Rs 2.4 lakh crore in
incentives over the next five years, can add 4
per cent to the GDP annually in terms of
incremental revenue, says a report. So far, the
scheme has seen maximum response from the
electronics, auto components, and pharma
sectors, according to Emkay Investment Managers.
The PLI
scheme has the potential to add nearly 4 per
cent to GDP per annum in terms of incremental
revenue if fully realized. Manufacturing
companies are adding capacities due to robust
returns and this is evident from the number of
new manufacturing companies registered.
Registration of manufacturing companies has shot
up to the highest ever in the last seven years
and the share of manufacturing companies in
total registrations is also at almost highest
level since the past decade.
Source:
Link
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Defence Ministry has
decided to amend the DAP rules to allow private
defence companies to collaborate with Indian
Defence PSUs
In a major push to “Atmanirbhar Bharat” in
military hardware sector, the Defence Ministry
has decided to amend the Defence Acquisition
Procedure (DAP) manual to allow private sector
to collaborate with an Indian Defence PSUs with
a majority stake and manufacture the required
weapon system. The Defence Ministry has decided
to amend the DAP rules to allow private defence
companies to collaborate with Indian Defence
PSUs with a majority stake and produce required
weapon systems. This collaboration will be
tested in the development and manufacture of
Indian Multi-Role Helicopter (IMRH), which will
ultimately replace all Russian built Mi-17 and
Mi-8 helicopters in the Indian military’s
present inventory. The IMRH will have a 13 tons
take-off weight and will perform with the Indian
armed forces in air assault, air attack,
anti-submarine, anti-ship, military transport
and VVIP roles.
The highlights from the Indian Armed Forces are
presented in brief.
·
Army to conduct trials of AI enabled
unmanned all-terrain vehicles in Ladakh
·
Brazilian Navy delegation visits WNC,
Mumbai.
·
Indigenous aircraft carrier 'Vikrant' set
to be commissioned into Navy, sea trials
completed.
·
GRSE in the process of constructing 15
warships for the IN and one for the ICG
·
MSMES partners with IN in its
indigenization conquest.
Brazilian delegation held extensive discussions
with the Indian Navy counterparts with a focus
on the maintenance of submarines. As part of the
visit, the delegation also visited Mazagon Docks
Shipbuilders Ltd. & a Kalvari (Scorpene) class
submarine of the Indian Navy.
Source:
Link
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INDUSTRY SCAN
General
India one of the key
markets, says Nothing's Carl Pei
London-based startup Nothing's CEO Carl Pei,
formerly the founder of OnePlus, has said that
India will be one of the most important markets
for its smartphones, given the country's sheer
size. Speaking to ET, Pei said that being a
small player offers Nothing an opportunity in
the smartphone market. He added that his biggest
learning from his past stint with OnePlus was
product differentiation. The company officially
forayed into the smartphone market with the
launch of Nothing 1 Android-based mid-premium
device. Nothing is manufacturing its smartphone
locally and will sell in India through
e-commerce major Flipkart. The UK-based
company's backers include Google parent
Alphabet's venture capital arm, EQT Ventures,
and former Apple designer Tony Fadell. On the
company's product roadmap, Pei said that in the
longer term, there's an opportunity to create an
alternative to Apple, which he believes has
become more mainstream. "It opens up the
opportunity for somebody else to come in and
target some of the more interesting and more
niche consumers."
(ET,
July 14, 2022)
TOP
India’s manufacturing
exports predicted to reach USD 1 Trillion by
2028
India’s manufacturing exports has seen a
compound annual growth rate (CAGR) of more than
15% to reach USD 418 billion of manufacturing
exports in the fiscal year 2022. Driven by
growth in priority sectors and propelled by
favourable megatrends in manufacturing, India is
expected to scale up its manufacturing exports
to USD 1 trillion by FY28, according to Bain &
Company’s report ‘The Trillion-Dollar
Manufacturing Exports Opportunity for India’.
According to the Bain analysis, the key sectors
that are driving growth and will enable India to
achieve USD 1 trillion in exports by FY28
include chemicals (USD 110-130B), Electrical &
electronics (USD 120-145B), textiles & apparel (USD
95-110B), automotive (USD 45-55B),
pharmaceuticals (USD 45-50B) and Industrial
machinery (USD 70-75B). The electronics sector
is poised to witness the highest CAGR of 35-40%
till FY28, followed by Chemical at 19-23% and
Industrial Machinery at 18%- 20% CAGR.
Automotive is another key sector and is expected
to grow at 15%–18% CAGR to reach USD 45 billion–USD
55 billion by FY28. With growing interest in EVs,
the automotive sector will see electric vehicles
and components contributing up to USD 5 billon
to this export growth.
(
Manufacturing Today, July 14, 2022)
TOP
Electronics Sector Skills
Council of India appoints new chairman
 The Electronics Sector Skills Council of India (ESSCI)
has appointed Amrit Manwanias its new Chairman.
Manwani replaces Ajai Chowdhry, founder chairman
of HCL.
Manwani is the Chairman & Managing Director of
Sahasra Electronics Pvt. Ltd and Infopower
Technologies Limited. “He will be responsible
for overseeing the operations of ESSCI and work
closely with its governing board on strategic
issues related to the growth of the electronic
systems design and manufacturing (ESDM) industry
in India,” ESSCI said. The Council is promoted
by six Associations-CEAMA, ELCINA, ELCOMA, IESA,
IPCA & MAIT and supported by National Skill
Development Corporation. Its focus is on
establishing an effective and efficient
ecosystem for developing and imparting
outcome-oriented skills for the ESDM. ESSCI’s
mandate includes development of curriculum,
courses, information database, delivery system.
ESSCI is responsible for standardization,
accreditation and certification processes to
enhance the employability of the Indian
workforce globally.
(ET, July 12, 2022)
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Digital India Week 2022:
Over 5K Participants Got Together From 53
Countries
The 3-day-long virtual event on India Stack
Knowledge Exchange was launched by Prime
Minister Narendra
Modi on 4 July 2022. The event began on 7
July 2022 with an aim to give an orientation to
the basic building blocks of India Stack, which
is driving Digital Transformation in India.
Alkesh Kumar Sharma, Secretary, Ministry of
Electronics and Information Technology (MeitY)
said that the country has undergone a
challenging journey in the last eight years and
the journey resulted in India’s leadership in
Digital technologies and its experience in
implementing Digital transformation projects at
population scale. Rajesh Gera, Director General,
National Informatics Centre, elaborated on the
Aadhaar and mobile as the two services that have
enabled good governance to grow and reach out to
the end-user, whether in rural or urban areas,
for ease of living. The first session- ‘Building
Aadhaar’ discussed the evolution of Aadhaar
considering all challenges of the diverse
population and overcoming these challenges
Aadhaar has enabled ease of living for the
citizens, especially the most marginalised and
deprived class through seamless delivery of
subsidies, benefits, and other services under
various state welfare schemes.
(Businessworld, July 11, 2022)
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CSR: LG Electronics
contributes an oxygen plant to Kailash Deepak
Hospital at Karkarduma
 LG Electronics, the nation’s leading consumer
durables brand, has contributed an oxygen plant
to Kailash Deepak Hospital at Karkarduma. LG
Electronics has partnered with Kailash Deepak
Hospital and contributed an oxygen plant with an
oxygen generation capacity of 1000 LPM . The
oxygen plant will be directly connected to 200
beds via the pipeline of the oxygen tank. The
oxygen tank will certify the easy access of
oxygen in the hospital wards. With this
initiative, LG Electronics looks forward to
helping those who require the resources during
crucial situation. Today’s formal Inauguration
of hospital was attended by Dr Mahesh Sharma,
Member of Parliament Gautam Budh Nagar, Sanjay
Chitkara-Sales Head LG Electronics India & Mr
Atul Khanna-VP-Finance-LG Electronics India
along with other dignitaries. Speaking of the
initiative Sanjay
Chitkara- Sales Head- LG Electronics said,
Since 2021, we have supported 22 hospitals with
medical infrastructure including medical
equipment, furniture, Lifesaving ambulance &
Oxygen plants.”
(India CSR, July 09, 2022)
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India Stack enables
setting up over 9800 Atal Tinkering Labs
Technology stack and other platforms developed
by the government and external agencies have
helped set up over 9,800 Atal Tinkering Labs in
India, the Ministry of Electronics & IT said on
Saturday. The government has set up Atal
Tinkering Laboratories (ATLs) in selected
schools across the country with the objective to
foster curiosity, creativity, and imagination in
young minds; and inculcate skills such as design
mindset, computational thinking, adaptive
learning and physical computing. In order to
foster inventiveness among students, Atal
Tinkering Labs conduct different activities
ranging from regional and national level
competitions, exhibitions, workshops on
problem-solving, designing and fabrication of
products, lecture series, etc. at periodic
intervals. As a part of the Digital India Week
celebration from 4 July – 9 July 2022, a
three-day dedicated event titled “India Stack
Knowledge Exchange” is being organized from 7
July to 9 July 2022. The second day of ‘India
Stack Knowledge Exchange’ witnessed
brainstorming discussion and knowledge sharing
on Health Stack, Agri-Stack, Skilling Stack and
Digital Inclusion.
(The Print, July 09, 2022)
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Mayday for FMCG,
electronic companies as demand begins to sputter
India's fast-moving consumer goods (FMCG)
market's value growth fell 16.5% sequentially in
May compared with the month of April, signalling
reduced consumer spends on daily essentials due
to rising prices across products. Sales grew 33%
as compared to the May of last year, when the
country was in lockdown due to the deadly Delta
wave, according to the latest report by Bizom, a
sales automation firm that tracks 7.5 million
retail stores. Even for electronics such as
air-conditioners and refrigerators, sales fell
up to 15% in May on a sequential month
comparison, industry executives said. Sales
shrunk across categories in May led by
commodities like edible oil and packaged atta
which fell 32% followed by home care and
confectionery which declined by 10%
respectively. Even packaged food fell 6% while
beverages shrunk 1% due to a higher base in
April that saw record sales for all summer
categories.
(ET, June 03, 2022)
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Information Technology & EV’s
The best tablets
under ₹10,000 in India: A buying guide
The tablets under
Rs. 10,000 are usually equipped with a 7 to
10-inch display, 2 or 3 GB RAM and a decent
processor, making them suitable for online
classes, web browsing, watching movies or
videos, and more. If you are looking for a
tablet that offers a decent overall experience,
a great display, and a decent processor, then
look no further. This article features a
comprehensive guide to the top entry-level
tablets in the Indian market today. It comes
with a premium metallic finish and decent
specifications, including 2 GB RAM and 32 GB of
storage. Moreover, it has 8 inches HD IPS
display with an IPS HD display with a Dolby
Audio-tuned speaker as well as an 8 rear camera
set up and 2 MP front camera. It also has a 5000
mAh battery. Starting at Rs. 8,817, this table
is powered by MediaTek Helio A22.
(HT, July 14, 2022)
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NIXI's 2 new Internet
Exchanges to boost internet connectivity in West
Bengal
The first Internet Exchange of West Bengal at
Kolkata is also run by NIXI. It is now expanding
its footprint in the state by launching the two
new Internet Exchange Points at Durgapur and
Bardhaman. The inauguration will be at The Citi
Residenci, City Centre, Durgapur. The launch of
these new NIXI internet exchanges in-state will
contribute to the enhancement and improvement of
Internet and Broadband services at the local
level and in neighbouring regions. The internet
service providers connecting at these points
will benefit as their broadband services to
their end-users will improve, bringing about a
change in the lives of the people of the region,
said the Ministry of Electronics & IT in a
statement. The two new Internet Exchange nodes
from NIXI are certain to boost the state’s
internet ecology, the ministry added. In order
to improve the overall Indian internet ecosystem
and give internet users access to it at a low
cost with improved speed, NIXI plans to install
such internet exchanges in Tier-2 and Tier-3
cities in the near future. All Internet Service
Providers are invited by NIXI to establish
peering at any of its nodes and support the
domestic Internet ecosystem.
(ET, July 09, 2022)
TOP
NIELIT Calicut signs pact
for commercialisation of indigenous colour
doppler ultrasound technology
The indigenous colour doppler ultrasound
scanner, loaded with unique features, is the
first-of-its-kind equipment to be manufactured
under the Centre’s Make in India initiative. The
project was the result of a funded research and
development initiative of the Ministry of
Electronics and Information Technology (MeitY).
The event was held as part of the Digital India
Week 2022 opened by Prime Minister Narendra Modi
on July 4. Researchers said the idea to design a
prototype with unique features was
conceptualised in 2015 to facilitate import
substitution. The finding that the country’s
import of ultrasound scanners was worth
approximately $21 million, and that it even grew
by 15% every year was also a stimulus to
researchers for developing a native technology
at an affordable cost, they added.
(The Hindu, July 09, 2022)
TOP
Telecom
Adani group to participate
in 5G spectrum auction, to foray into telecom
sector
Four companies, including Bharti Airtel,
Reliance Jio, Vodafone Idea (Vi) and an Adani
Group entity have put in applications to
participate in India's first auction of 5G
airwaves starting July 26. At press time, ET’s
queries to the Adani Group went unanswered.
However, its participation was confirmed by
sources familar with the matter. News agency PTI
also reported, quoting sources, that an Adani
entity had bid. Under India’s telecom
regulations, the Adani entity would require a
unified access service (UAS) permit from the
Department of Telecommunications (DoT) to
participate in the 5G airwaves sale. Shares of
group flagship Adani Enterprises closed around
0.8% higher at Rs 2,293.05 on BSE Friday. Top
industry executives and analysts said Adani's
potential entry could boost competition levels
in the upcoming 5G airwaves sale that till
recently was expected to see muted bidding,
given the ample spectrum on sale and the
presence of just two major bidders in Jio and
Bharti Airtel, with cash strapped Vi likely to
be a fringe player. Under the Notice Inviting
Applications (NIA) – which outlines the auction
rules - Friday (July 8) was the deadline for
submission of applications.
(ET, July 09, 2022)
TOP
Xiaomi India 8th
anniversary: Avail huge discounts on smartphones
and many more products
 As
part of its 8th anniversary celebrations, Xiaomi
India is sharing the happiness of their success
by giving its consumers a big discount on some
Xiaomi and Redmi smartphones. The 8th
anniversary celebrations are from July 8 to July
13, 2022 and great offers are avail for
customers during the period. Xiaomi is one of
the most popular electronics brands in India and
has broken records while advancing up the market
share ladder in the most affordable and semi
mid-range smartphone category. With the Xiaomi
11i, you get a gorgeous 6.67-inch display, a
powerful MediaTek Dimensity 920 processor, and a
long battery life. It lags behind rivals and
other Xiaomi handsets in terms of cameras,
offering consumers a 16MP front camera and a
108MP+8MP rear camera. Therefore, the Xiaomi 11i
can be your best buddy if you’re looking for a
new 5G smartphone.
(Kalinga
TV, July 09, 2022)
TOP
Vodafone Idea to
participate in private 5G networks space in
meaningful manner
Vodafone Idea, India’s third largest telecom
operator, said that it will be fully positioned
to participate in the private networks space in
a “meaningful manner” even as it continues
trials with its industry partners in the
country. “...there are some different
experiences that we have seen in different
markets of how private networks have shaped up
in some markets..there are enterprises that have
really taken to it. And, in some markets, they
have not. We believe that the initial use case
would be largely driven more by larger
organizations which have more captive
requirements, the mass proliferation could
possibly be a bit more on the longer timeframe,”
Arvind Nevatia, Chief Enterprise Business
Officer, Vodafone Idea told ET exclusively.
“This would definitely be an area where we would
be fully positioned to participate in it in a
meaningful manner,” he added.
(ET, July 07, 2022)
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TCS to finetune BSNL 4G's
technical parameters by July end: Official
Tata Consultancy Services (TCS)-backed
consortium Thursday got a breather from the
Department of Telecommunications (DoT) to
finetune the technical parameters in the fourth
generation or 4G-led proof-of-concept (PoC)
network for state-run Bharat Sanchar Nigam
Limited (BSNL) by July end. "We have examined
and discussed the pending technical parameters,
and decided to allow time till July 31, 2022, to
the TCS-led consortium to conclude those," a
senior official told ET Telecom. In a meeting
headed by additional secretary (Telecom) VL
Kantha Rao, both BSNL and TCS agreed to closely
coordinate to finalize the 4G network's
technical capabilities so as to further deploy
the network for telco's ambitious commercial
rollout. Earlier, the consortium was expected
to conclude network tests by June 30, 2022.
Following the technical examination, BSNL was
not able to previously provide NB-IoT service
which was one of the areas that could
potentially impact customers, the official said,
and added that on the key performance indicator
(KPI) front, more finetuning is required to meet
parameters laid out by DoT and telecom
regulator.
(ET, July 07, 2022)
TOP
Cisco in talks to buy out
Airtel-Vodafone Idea WiFi JV
Cisco Systems is in advanced talks to buy out
Airtel-Vodafone Idea’s WiFi joint venture (JV)
for an enterprise value of Rs 200 crore,
according to sources aware of the matter. A team
of executives from the US technology and
networking company was in India last week to
finalise the deal negotiations. The Airtel-Vodafone
Idea JV was set up in 2014 and named FireFly
Networks. However, industry insiders claim the
collaboration failed to take off as neither of
the partners committed investments to the
company. 7/12/22, 10:50 AM Vodafone Idea: Cisco
in talks to buy out Airtel-Vodafone Idea WiFi
JV, Cisco is likely to retain the existing
management of FireFly Networks, which is led by
its chief executive officer Raj Sethia, a former
Vodafone executive, according to sources cited
earlier. “Cisco does not comment on rumours,”
the San Jose, California-headquartered company
said in response to ET’s queries. Vodafone Idea
and Sethia declined to comment. Airtel had not
responded to ET’s queries until press time
(ET, July 06, 2022)
TOP
PM Modi launches four new
digital initiatives
Prime Minister Narendra Modi inaugurated the
Digital India Week 2022 exhibition on Monday,
launching four new digital initiatives and a
cohort of institutions supported under the Chip
to Startup (C2S) programme. This will require
the creation of multilingual datasets that will
be built through a crowdsourced exercise called
Bhasha Daan. The Prime Minister also announced
the cohort of 30 institutions that will be
supported under the Chip to Startup (C2S)
programme, under the India Semiconductor
Mission. The institutions will be empowered to
train 85,000 specialized manpower in
semiconductor design at bachelors, masters and
research levels. The C2S scheme aims to
facilitate 175 unique semiconductor designs, 30
IP cores, 20 systems and 25 startups.
(ET, July 04, 2022)
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Telcos, tech cos headed
for battle in hiring talent as 5G auction nears
After sparring over the control of 5G spectrum
for captive private networks, telecom and
technology companies are set for another battle:
for hiring talent. With 5G services rollout on
the anvil, and captive private networks becoming
a reality, telcos will look to beef up their
workforce. The talent pool that they will be
targeting overlaps with where tech companies are
also looking to hire from. “Tech companies have
been hiring engineers for (developing) 5G use
cases. But now with 5G rollout drawing near,
telcos will also require a lot of technology
professionals,” said Sunil C, chief executive at
TeamLease Digital, a staffing firm. Both tech
and telecom companies are looking to hire
professionals with expertise in areas like
infrastructure development, equipment, network
operations, spectrum services and telephone
services to carry out jobs like network
management, testing, and software development.
Meanwhile, both tech and telecom companies have
already started reskilling and upskilling their
existing workforce in anticipation of the demand
for these roles.
(ET, June 30, 2022)
TOP
Direct spectrum allocation
to tech firms may hit 5G airwave demand at
auction
The latest government regulations that would
allow large tech companies to set up parallel
panIndia captive 5G networks, bypassing telecom
carriers, would dampen demand for critical Cband
(3.3-3.6 GHz) airwaves in the upcoming 5G
auction, telcos have said. The new rules for
captive private network rollouts announced on
Monday would degrade the business case for
carriers to invest strongly in airwaves and
next-generation mobile broadband network
deployments, telecom industry executives told
ET. The Department of Telecommunications’
decision to undertake demand studies and then
seek recommendations from the sector regulator
could severely delay direct spectrum assignments
to enterprises and give telcos a first-mover
advantage in the captive 5G networks game, they
said.
(ET, June 30, 2022)
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Defence, EV & Solar
Indonesia May Become
Second ASEAN Member To Buy Brahmos
 India will leverage the missile sale to insert
itself more deeply in South China Sea disputes
while bolstering the anti-China Quad in the hot
spot maritime theatre. India’s Act east Policy
will get a boost when another export order for
shore based anti-ship variant of the BrahMos
supersonic cruise missile by year end is Inked.
“Talks with Indonesia are in advanced stage for
the export of the Indo-Russian BrahMos
supersonic cruise missile. The deal could have
been signed earlier, however, due to internal
matters of that country, by year end, or early
next year the deal is expected to be sealed,"
reports The Financial Express. First Strike:
India's First Export Sale of The BrahMos To The
Philippines. India’s sale to the Philippines of
its BrahMos supersonic cruise missile marks a
key strategic turning point, with India firmly
wading into the South China Sea hot spot and
Manila taking order of its first major cruise
missile system.
Source:
Link
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India clocks Rs 13K cr
defence exports in FY22; private sector leads
aerospace manufacturing
During the financial year of 2021-2022 India’s
defence exports reached Rs 13,000 crore, said Defence
Secretary Ajay Kumar on Friday. He said that in
the aerospace manufacturing — both manned and
unmanned aircraft private sector played an
significant role. Kumar said this whole
speaking to a group of journalists at the South
Block. Present during the interaction,
Additional Secretary, Sanjay Jaju said the
increase in exports stood at “eight times” of
what it was around five years ago. When asked
what the ratio of exports between
government-owned defence public sector
undertakings (PSU) and private firms is, Kumar
said while it stood at 10:90 earlier, it is at
30:70 currently. As per media reports it is
said that Rs 2,500 crore deal between India and
Philippines for the BrahMos missiles is the
reason behind rise in defence PSU share from 10
per cent to 30 per cent.
(KNN, July 09, 2022)
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Tata Power signs MoU to
set up 4 GW solar cell, module plant in Tamil
Nadu
Tata Power, one of India’s largest integrated
power companies, will invest approx. INR 3,000
crore to set up a greenfield 4 GW solar cell and
module manufacturing plant in Tirunelveli
district of Tamil Nadu. The company recently
signed a Memorandum of Understanding (MoU) with
the Tamil Nadu government to invest in the
state. It will invest the amount over a period
of 16 months. Tata Power estimates the plant to
directly or indirectly create over 2,000
employment opportunities. Tata Power is one of
the first companies to put a solar manufacturing
facility in India in 1991, and since then, it
has regularly upgraded the facility. In FY 2021,
it set up a mono-PERC cell line at its existing
manufacturing facility in Bengaluru, Karnataka.
The Bengaluru plant has a production capacity of
635 MW of modules and 500 MW of cells.
(PV Magazine, July 04, 2022)
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Consumer Electronics
India proposes right to
repair framework for mobile phones, consumer
durables
India has proposed to introduce a right to
repair law, aiming to provide consumers the
ability to have their devices repaired by third
parties to fight the growing “culture of planned
obsolescence” in a move that follows similar
deliberations in the U.S. and the U.K. The
Indian Department of Consumer Affairs said Thursday
that it had set up a committee to develop a
right to repair framework. The committee
identified mobile phones, tablets, consumer
durables, automobiles and farming as important
sectors for the framework, the ministry said.
“The pertinent issues highlighted during the
meeting include companies avoiding the
publication of manuals that can help users make
repairs easily,” the ministry said in a
statement. The committee is chaired by Nidhi
Khare, additional secretary of consumer affairs;
its other members include industry bodies and
stakeholders, including the India Cellular and
Electronics Association (ICEA) and Society of
Indian Automobile Manufacturers (SIAM), as well
as various consumer activists and organizations.
(Techcrunch, July 14, 2022)
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How is the Russia-Ukraine
crisis affecting the TV industry in India?
MT in conversation with Arjun Bajaaj, CEO and
Founder of Daiwa, sheds light on the TV
manufacturing industry and how the ongoing Russa-Ukraine
crisis affects it. “The recent Chinese shutdown,
as well as the Russia-Ukraine crisis, have had
an influence on the semiconductor chip scarcity.
Because India relies on China for semiconductors
and Russia is one of the world’s leading
manufacturers of rare metals required in
semiconductor manufacturing, this, along with
the existing COVID-afflicted semiconductor
scarcity, has had a negative impact on the
sector,” said Arjun Bajaaj, CEO and Founder of
Daiwa. During these years, the most popular size
TV in India was 32″ since consumers were also
price concerned due to market pessimism.
However, the 43″ and 55″ UHD screens have
recently gained popularity among customers due
to their promising viewing experience.
(Manufacturing Today, July 13, 2022)
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Consumer electronics
inventory piles up as consumers pull back
Consumer electronics and smartphone makers have
decided to extend their production cuts till
August and defer plans for ramping up output for
the festive season by a month, as demand
continues to be subdued. Company executives said
production of mobile phones, televisions,
refrigerators and washing machines is at 75% to
85% of original targets as inventory has piled
up with consumers holding back their
discretionary spending due to overall
inflation. A senior executive with one of the
country's largest electronic goods contract
manufacturers said brands have become extremely
cautious and continue to curtail production of
smartphones, televisions and lighting products.
Most companies are now planning their production
monthly depending on inventory levels.
(ET, July 06, 2022)
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Aiwa India Expects to
Clock Rs 8,000 Crore Revenue In 5 Years; Plans
Rs 160 Crore Initial Investment
Consumer electronics company Aiwa India aims to
clock Rs 8,000-crore revenue over the next 4-5
years and plans to invest around Rs 160 crore
initially to expand its business in India, a
senior official of the company said on
Wednesday. Established in 1951 in Japan, Aiwa
has partnered with Dixon Technologies for
manufacturing television sets in India, Aiwa
India managing director Ajay Mehta said. "We aim
to have revenue of around Rs 8,000 crore over
the next 4-5 years. This fiscal we are looking
at revenue of around Rs 400 crore from sales of
television and audio products. He was speaking
on the sidelines of the launch of Aiwa smart TV
range, Magnifiq series, which will be available
in 32 to 65 inch screen size. The company will
sell TVs through 300 retailers across the
country initially. Mehta said that the company
plans to double its retailer count by September
this year and further increase the reach to
around 3,500 retailers in a year.
(Outlook, July 06, 2022)
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MSME
IREDA to attract MSMEs in Green Energy sector
with more loans
To increase the participation of MSMEs in the
green energy sector the Indian Renewable Energy
Development Agency ( IREDA) has decided to offer
more loans. This was announced by its Chairman
and Managing Director Pradip Kumar Das on Friday
at the MSME Banking Conclave 2022. Minister of
State for Finance Bhagwat Karad in his address
note praised the efforts of the IREDA for the
overall development of the renewable energy
sector. The event was organized by MSME
Business Forum India. With only 1.86 per cent
of MSME representation in the company's total
loan assets of Rs 33,884 crore (as of May 2022),
Das said that the IREDA is attempting to address
the issues to increase their participation in
the RE sector. He emphasized that the target of
500 GW of RE capacity by 2030 cannot be achieved
without the considerable participation of MSMEs.
“Therefore, their efforts will be a crucial
driver of Aatmnirbhar Bharat,” he added. Dad
highlighted that to get loans with reasonable
interest rates is still a major challenge faced
by MSME entrepreneurs.
(KNN, July 09, 2022)
TOP
West Bengal to upgrade
drone manufacturing R&D facilities
West Bengal government is focusing on setting up
a task force to upgrade the Research and
Development facilities pertaining to drone
manufacturing. The State is keen on
collaborating with premier institutions like the
IITs to ensure technical excellence in the era
of drone warfare, said Chief Secretary HK
Dwivedi on Friday. He was addressing a session
defence manufacturing sector of the state
organised by the state government and the CII at
the Biswa Bangla Mela Prangan. Principal
Secretary of MSME Department Rajesh Pandey
appealed the CII to hold interactive sessions
with MSMEs, ordnance factories and sectors
involved in the defence supply chain. “It will
help to integrate the nascent units into
operational ones,” he added. Lt General Kalita
lauded the efforts of the state government on
mobilizing defence equipment in the east. He
highlighted major requirements by armed the
forces in terms of surveillance instruments,
sustainable solutions and drone technology among
others. A defence equipment exhibition titled
East Tech 2022 was held at the venue.
(KNN, July 09., 2022)
PM
Modi calls private sector as ‘Partner in
Progress'
Prime Minister Narendra Modi said that private
sector is our ‘partner in progress’ as he
highlighted the efforts made by the government
to promote this idea. He was speaking at the
first Arun Jaitley memorial lecture on Friday.
“The trust for both the private and public
sectors has brought about immense optimism about
the India growth story,” he added. He stressed
that his government hasn’t allowed ‘populist
impulses come in the way of policy-making’.
Comparing the responses of many counties during
the outbreak of covid-19, he said the world
announce bailout packages for a demand-driven
recovery, but we adopted a ‘people-first’
approach, under which we sought to protect the
vulnerable individuals as well as MSMEs. “Now,
we can clearly see the difference between the
recovery in India and that in other countries,”
he added. PM Modi said that several advanced
countries, including the US and in Europe, that
had rolled out massive bailout packages to spur
demand are not just witnessing runaway inflation
but are staring at recession.
(KNN,
July 09, 2022)
Goa notifies preferential
purchase scheme for MSMEs
The government of Goa on Friday announced a
five-year preferential purchase scheme for micro
and small industries. Through this scheme units
that are eligible will be given special
treatment in all purchase made by government
departments, autonomous bodies, corporations and
semi-government departments. "Micro and Small
enterprises shall be allowed to match to lowest
tender price floated by non-small-scale units
provided its quoted prices is within 15% of
lowest quoted price floated by non-micro and
small enterprises" Manufacturing units and
service sector MSMEs situated in Goa and
registered with the directorate of industries,
trade and commerce are only eligible to avail
the scheme. Titled as the ‘Preferential
Purchase Incentives for Micro and Small
Enterprises Scheme, 2022 the scheme will take
the place of a similar scheme introduced in 2008
and later lapsed in March 2021.
(KNN, July 02, 2022)
CBIC aims to systematise
grievance redressal mechanism for MSMEs
The Central Board of Indirect Taxes and Customs
(CBIC) is looking at ways to provide a greater
systematised grievance redressal mechanism,
particularly for MSME and dispute settlement
mechanisms, said its chairman Vivek Johri on
Friday. He said that the department also wants
to improve data quality in the returns. The
chief also informed that the board is working on
an SoP for enforcement actions by GST field
offices and is profiling taxpayers by using
artificial intelligence and machine learning.
Johri was speaking at the GST Day celebration to
mark five years of the indirect tax regime. The
central government and states are jointly
working on a strategy for its enforcement. “We
want to prescribe SoP for enforcement activity.
The Board is already working on that,'' Johri
said.
(KNN, July 02, 2022)
TOP |
As I entered the first basement of the seven-storeyed
Padget Electronics factory in Phase 2, Noida, I
was offered an anti-static coat and shoe covers.
As we passed through the metal doors, a blast of
air hit us—another sanitisation protocol—as we
were about to enter a dust-free zone. In front
of me was a sea of machines spread across 20,000
sq ft, with close to 600 employees. I was
standing in a mobile phone manufacturing unit,
or that’s what I thought. But to my surprise,
the first basement was only working on
manufacturing the motherboards of the device.
According to South Block officials, this
collaboration will be tested in the development
and manufacture of Indian Multi-Role Helicopter
(IMRH), which will ultimately replace all
Russian built Mi-17 and Mi-8 helicopters in the
Indian military’s present inventory. The IMRH
will have a 13 tons take-off weight and will
perform with the Indian armed forces in air
assault, air attack, anti-submarine, anti-ship,
military transport and VVIP roles. It is
understood that Indian private sector companies
have already shown their eagerness to
participate in the project with the Defence
Ministry telling them to start manufacturing in
the next seven years. The French Safran has
already signed an MoU with Indian HAL on July 8,
2022, to form a new joint venture company to
develop, produce and support the IMRH engine
including the naval variant.
An
accelerator programme for start-ups in Mysore
has been launched on Friday by SJCE-STEP Startup
Technology Business Incubator. The four-month
long training programme aims to support and give
boost to the start-ups and innovators. Along
with other ecosystem partners the programme is
also supported by the Department of Science and
Technology, Government of India. About 15
startups, 6 innovators, 45 student fellows, 20
mentors and 10 investors will be part of
programme. The programme will enable the
startups’ journey for best outcomes and builds
confidence in their approach to establish
themselves besides increasing the success and
survival rate of startups in the market, said B.
Shivashankar, CEO, SJCE-STEP. The accelerator
programme will further enhance the growth of
startups through engaging and immersive
activities scheduled over 3 months and delivered
by mentors, experts and coordinated by lead
mentors. The SJCE-STEP also announced Rs 3
crore for funding start-ups and innovation
Recently,
Rabyte Electronics (hereinafter referred to as “Rabyte”)
and Actions Technology Co., Ltd. (hereinafter
referred to as “Actions Technology”) jointly
announced that Actions Technology will expand
footprint to India and ASEAN market with Rabyte.
It is great pleasure and honour to interview Mr.
Rajiv Batra, MD of Rabyte Electronics, and
learned the background and behind the story of
the cooperation between the two sides. Mr. Rajiv
Batra: Actions Technology is a public company
listed on Shanghai Science and technology
innovation board(STAR) in China. The company’s
securities code is 688049. As one of the largest
multimedia chip suppliers in the world, Actions
Semiconductor, the predecessor of Actions
Technology, has logged on the NASDAQ market in
the United States. At present, Actions
Technology has three product families, including
Bluetooth audio SOC chip series, Portable audio
and video SOC chip series and Intelligent voice
interactive SOC chip series.
A
Knowledge Paper on "Strategic
Electronics Market" has been prepared
jointly by ELCINA and Ernst & Young LLP (EY). It was
released by Lt. Gen. Anil Kapoor, VSM, DG-EME,
Ministry of Defence. The knowledge paper give the
details about Global Strategic Electronics Market,
Key initiatives to boost Defence Production & Key
development in Strategic Electronics in India.
