VOL XXVI, ISSUE 05

15 March 2025

 POLICY SCAN                                                                              

1. DGFT Notification No. 60/2024-25-DGFT dated 5th March 2025: DGFT Amends Import Policy for Platinum under ITC (HS) 7110

The Directorate General of Foreign Trade (DGFT) has issued Notification No. 60/2024-25-DGFT on 5th March 2025, amending the import policy for platinum under HS Code 7110 in Chapter 71 of ITC (HS) 2022.

Key Amendments:

• Platinum in unwrought form (HS 71101110), powder form (HS 71101120), and other forms (HS 71101900) has been reclassified from “Free” to “Restricted” for import.
• Exception: Platinum alloy with 99% or more purity by weight of Platinum remains freely importable.

These changes tighten import regulations on platinum while allowing high-purity platinum alloys to be imported without restrictions. The amendment is in line with the government’s efforts to regulate the precious metals trade.

For more details, members are advised to refer to the official DGFT website regarding DGFT Notification No. 60/2024-25-DGFT dated 5th March 2025

2. DGFT Public Notice No. 50/2024-25 – DGFT, dated 10th March 2025: DGFT Amends Handbook of Procedures to Streamline Export of Repaired SCOMET Items

The Directorate General of Foreign Trade (DGFT) has amended Paragraph 10.12(D) of the Handbook of Procedures (HBP) 2023 to introduce a General Authorization for Export after Repair (GAER) for SCOMET items. This amendment simplifies the process of exporting imported SCOMET items after repair in India by allowing multiple re-exports under a one-time authorization, subject to quarterly post-reporting instead of seeking fresh approvals for each shipment.

Key Highlights of GAER

• Applicable Entities: Exports allowed to related entities (foreign parent, subsidiary) or authorized repair supply chain vendors/OEMs.

• Authorization Validity: One-time approval valid for one year, subject to quarterly reporting.

• No Value Addition: Items must retain their original characteristics and specifications post-repair.

• Simplified Documentation: Requires a one-time Bill of Entry submission and contractual proof of repair obligations.

• Compliance Requirements: Mandatory Internal Compliance Programme (ICP) certification for intra-company transfers and Authorized Economic Operator (AEO) certification for vendor/OEM re-exports.

• Restrictions: No authorization for exports to sanctioned destinations, military applications, or proliferation-sensitive uses.

This revision aims to enhance ease of doing business and facilitate India’s role as a global repair hub for high-tech and strategic goods.

For more details, members are advised to refer to the official DGFT website DGFT Public Notice No. 50/2024-25 – DGFT, dated 10th March 2025.

3.DGFT Trade Notice No. 33/2024-25 Dated 12th March 2025: DGFT Seeks Stakeholder Feedback on Proposed       Amendments to SCOMET Stock and Sale Policy

The Directorate General of Foreign Trade (DGFT) has issued Trade Notice No. 33/2024-25, inviting industry feedback on proposed amendments to Paragraph 10.10 of the Handbook of Procedures (HBP) 2023. These amendments aim to refine the authorization process for bulk export of SCOMET (Special Chemicals, Organisms, Materials, Equipment, and Technologies) items under the Stock and Sale policy.

Key proposed changes include:

• Clarification of Eligibility: Defining a stockist entity as a subsidiary, principal (parent) company, affiliate, or an Original Equipment Manufacturer (OEM).

• Enhanced Documentation Requirements: Mandatory submission of corporate documents, end-use certificates, and compliance statements.

• Regulatory Oversight: Introduction of in-principle approvals for re-exports, along with post-transfer reporting obligations and annual inventory disclosures by stockist entities.

• Compliance Measures: Exporters must ensure adherence to end-use restrictions and report all transfers to DGFT.

Industry stakeholders, including exporters and trade associations, are encouraged to submit feedback within 10 days of the notice issuance to help shape the final policy framework.

For more details, members are advised to refer to the official DGFT website DGFT Trade Notice No. 33/2024-25 Dated 12th March 2025.

4.CBIC Circular No. 06/2025-Customs dated 4th March 2025: CBIC Issues New Guidelines for Disposal of Confiscated Drones

The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 06/2025-Customs on March 4, 2025, revising guidelines for the disposal of Unmanned Aircraft Systems (UAS)/Unmanned Aerial Vehicles (UAV)/Remotely Piloted Aircraft Systems (RPAS)/Drones. This circular modifies Circular No. 32/2019 and its subsequent amendment Circular No. 05/2024, streamlining the process for handling confiscated drones.

Key Amendments:

• Centralized Storage & Processing: Confiscated drones will now be transferred to designated local Commissionerate at major airports: Chennai, Delhi (IGIA), Kolkata, Mumbai, and Bengaluru (Airport & Air Cargo). All Customs Zones have been mapped to these locations for stocking, segregation, joint inspection, and distribution.

• Updated Mapping of Customs Zones: Annexure-A has been replaced with a new Appendix-I, outlining the revised allocation of Customs Zones to the focal Commissionerate.

• Revised Nodal Officer List: Annexure-C has been replaced with Appendix-II, updating the list of designated officers from various security agencies, including SPG, CRPF, CISF, BSF, ITBP, Army, Navy, Air Force, Intelligence Bureau, and Delhi Police, who will oversee drone disposal and security protocols.

This move aims to enhance regulatory oversight, improve coordination among agencies, and ensure the efficient disposal of seized drones.

For more details, members are advised to refer to the official CBIC website CBIC Circular No. 06/2025-Customs dated March 4, 2025, and the Annexures details.

5. CBIC Notification No. 10/2025 – Central Tax dated 13th March 2025: CBIC Issues Notification on GST Jurisdiction Amendments

The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 10/2025 – Central Tax on March 13, 2025, revising the territorial jurisdiction of GST authorities in several districts across Rajasthan and Tamil Nadu. This notification amends the 2017 jurisdiction framework under Notification No. 02/2017-Central Tax, incorporating the latest administrative restructuring.

Key Changes in Jurisdictional Boundaries:

• Alwar Zone (S. No. 7): Now includes Alwar, Khairthal-Tijara, Kotputli-Behror, Bharatpur, Deeg, Dholpur, Dausa, Karauli, Sawaimadhopur, Sikar, and Jhunjhunu in Rajasthan.

• Chennai Outer Zone (S. No. 23): Covers districts of Viluppuram, Kallakurichi, Thiruvannamalai, Vellore, Tirupathur, Ranipet, Tiruvallur, Kanchipuram, Chengalpattu, and parts under Pallavaram Cantonment Board, excluding Chennai Corporation Zones I to XV and St. Thomas Mount Cantonment Board in Tamil Nadu.

• Jaipur Zone (S. No. 49): Now includes Jaipur, Ajmer, Beawer, and Tonk districts.

• Jodhpur Zone (S. No. 53): Expanded to include Jodhpur, Phalodi, Nagaur, Didwana-Kuchaman, Pali, Sirohi, Jalore, Barmer, Balotra, Jaisalmer, Bikaner, Churu, Ganganagar, and Hanumangarh in Rajasthan.

• Madurai Zone (S. No. 63): Covers Madurai, Ramanathapuram, Sivagangai, Virudhunagar, Tuticorin, Tirunelveli, Tenkasi, Kanyakumari, Theni, and Dindigul (except D. Gudalur Village) along with territorial waters and seabed jurisdiction of Tamil Nadu and Puducherry.

• Tiruchirapalli Zone (S. No. 100): Now includes Tiruchirappalli, Perambalur, Ariyalur, Karur, Pudukottai, Thanjavur, Thiruvarur, Nagapattinam, Mayiladuthurai, Cuddalore, and D. Gudalur village of Dindigul District.

• Udaipur Zone (S. No. 102): Expanded to Udaipur, Salumbar, Rajsamand, Bhilwara, Chittorgarh, Pratapgarh, Dungarpur, Banswara, Bundi, Baran, Kota, and Jhalawar in Rajasthan.

These updates aim to streamline tax administration, improve jurisdiction clarity, and align GST enforcement with recent administrative changes.

For more details, members are advised to refer to the official CBIC website CBIC Notification No. 10/2025 – Central Tax dated 13th March 2025.

6. DPIIT F. No. P-29026/8/2023-LEI dated 17th March 2025 : Clarification on Copper Products QCO for Refrigeration & Air Conditioning Sector

The Department for Promotion of Industry and Internal Trade (DPIIT) has issued a clarification regarding the applicability of the Copper Product (Quality Control) Amendment Order, 2025, notified via Gazette Notification No. S.O. 884(E) dated February 19, 2025.

Key Highlights:

• Import Limit for Non-BIS Marked Copper Tubes: Manufacturers of Air Conditioning and Refrigeration equipment in India are permitted to import non-BIS marked Copper Tubes up to 25% of the total volume imported in FY 2023-24 during the period January 1, 2025, to March 31, 2025.

• This limit applies irrespective of prior imports undertaken in FY 2024-25.

This measure aims to support domestic manufacturers while ensuring compliance with quality control regulations.

For more details, members are advised to refer to the official DPIIT website DPIIT F. No. P-29026/8/2023-LEI dated 17th March 2025.

MOF No. 04/2025-Customs (ADD) dated 18th March 2025:  Anti-Dumping Duty Imposed on Soft Ferrite Cores from China

The Ministry of Finance, Department of Revenue, has imposed an anti-dumping duty on imports of Soft Ferrite Cores from China PR, following the final findings of the Directorate General of Trade Remedies (DGTR).

Key Findings:

• Soft Ferrite Cores from China have been exported to India at dumped prices.
• These imports have caused material injury to India's domestic industry.
• The injury is directly linked to dumped imports, warranting corrective action.

Scope of Products Covered: The duty applies to Manganese-Zinc-based Soft Ferrite Cores of various geometries and sizes, including:

• EE/E/EF (10 mm - 128 mm)

• PQ/EQ (20 mm - 71 mm)

• ET (24 mm - 35 mm)

• Toroid (3 mm - 202 mm, with/without coating)

• UU/UI (10 mm - 141 mm)

• I Bars (20 mm - 245 mm)

• ER (11 mm - 67 mm)

The anti-dumping duty will be in effect for five years unless revoked earlier and will be payable in Indian currency. The exchange rate will be determined as per the prevailing Government of India notifications under the Customs Act, 1962.

This move aims to protect Indian Soft Ferrite Cores manufacturers from unfair trade practices and ensure a level playing field in the electronics components sector. However, the transformer industry could face challenges due to the high anti-dumping duties on Soft Ferrite Cores, as these are critical components used in transformers, power supplies, and inductors.

For more details, members are advised to refer to the official Ministry of Finance website MOF No. 04/2025-Customs (ADD) dated 18th March 2025.

For any queries regarding this ELCINA Policy Capsule, please contact policy@elcina.com.

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         INDUSTRY  SCAN                                                                             

General

Tamil Nadu Budget 2025-26: State To Launch Semiconductor Mission-2030 With Rs 500 Cr Outlay; Chennai To Get Rs 100 Cr Fabless Lab

Tamil Nadu Finance Minister Thangam Thennarasu Friday announced that the State will launch a 'Semiconductor Mission 2030' with an outlay of Rs 500 cr in the next five years, setting up of a "Fabless Lab" in Chennai and Semiconductor Manufacturing Parks in Coimbatore region. He was presenting the Tamil Nadu Budget 2025-26 to the Legislative Assembly. This will be the DMK regime's last full budget in its present tenure. According to the Minister, the State was also envisioning a Knowledge Corridor in Hosur with world-class infrastructure which are conducive for the setting up of Global Capability Centres (GCCs) and Research and Development (R&D) centres of leading global IT firms. The Minister said the government will "launch and implement the ‘Tamil Nadu Semiconductor Mission-2030’ over the next five years with an estimated allocation of Rs.500 crore." He added that, "A ‘Semiconductor Fabless Lab’ will be established in Chennai at an estimated cost of Rs.100 crore in collaboration with leading industry and academic institutions. World-class semiconductor design companies and domestic start-ups will be encouraged to establish their design centres in Tamil Nadu."

Source: https://www.etvbharat.com/, March 14, 2025

REC Signs INR 18,360 Crore MoU with Kerala Government for Pumped Storage Projects

REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power, has entered into a Memorandum of Understanding (MoU) with the Energy Management Centre (EMC), Government of Kerala, to facilitate collaboration and provide financial support for the development of Pumped Storage Projects (PSP) within the state. This agreement, designed to significantly enhance Kerala’s renewable energy infrastructure, was formalized during the prestigious Global Green Hydrogen & Renewable Energy Summit 2025, held in Kochi on March 12-13, 2025. Under this strategic partnership, REC has committed to financing INR 18,360 crore in the PSP sector in Kerala over the next five years. This substantial investment is expected to drive the expansion of energy storage solutions, improve grid stability, and reinforce the state’s commitment to sustainable power generation. The MoU was exchanged by Shri Saurabh Rastogi, Executive Director of REC, and Shri Dinesh Kumar, Joint Director of EMC, in the presence of several eminent officials, including Shri K.R. Jyothilal, IAS, Additional Chief Secretary (Power), Government of Kerala, and Shri M. Udaya Kumar, CPM, REC, Kerala.

Source: https://egov.eletsonline.com/, March 17, 2025

Assam's semiconductor project to provide 15,700 jobs across multiple sectors

The semiconductor project, being set up in Jagiroad, will provide direct employment to over 15,700 persons and Tata Electronics has already started efforts in collaboration with educational institutes to prepare manpower for the unit. State Industries and Commerce Minister Bimal Bora told The Assam Tribune that the semiconductor unit would require 600 managers and leadership group persons, 1,700 engineers, 1,000 supervisors, 1,600 to maintain quality and stores, 2,200 service staff and 9,000 operators and technicians. The State government is in regular touch to ensure that the project comes up on time. Tata Electronics is extending help to support industry ecosystem development in Assam through a two- pronged approach, which will create a virtuous cycle of growth for the industry and the State. Giving details of the efforts of the group, the Minister revealed that Tata Electronics' collaborations with academia would help upgrade the study programmes avail- able to Indian aspirants and provide them with industry exposure to create a vast and readily available resource of skilled talent for the semiconductor industry.

Source: https://assamtribune.com/, March 16, 2025

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Information Technology

Apple to export made-in-India AirPods to US, Europe from April

AirPods will be the second product after the iPhone that Apple will be exporting from India, with shipments of two models starting from April in small quantities, with a ramp up expected in the next 3-4 months, industry executives aware of the matter told ET. Apple’s contract manufacturer Foxconn is assembling AirPods at its new Hyderabad facility. Foxconn had announced an investment of $400 million to set up the factory in August 2023. Apple is making small quantities of the base AirPods models — AirPods 4 and AirPods 4 (with Active Noise Cancellation) for exports to markets like the United States, Europe and others from the Foxconn facility at Hyderabad. “AirPods are going to be shipped out starting April. This is not for the domestic market right now, but domestic demand will be met eventually,” said another executive, adding that production will be in small quantities for now. According to industry executives and market trackers, Apple has plans to eventually shift more products out of China as the trade environment becomes more uncertain and costlier for Apple to continue production in China.

Source: https://economictimes.indiatimes.com/, March 17, 2025

India PC shipments up 3.8% at 14.4 mn in 2024, HP leads with 30% share: IDC

Shipments of personal computers grew 3.8 per cent on a year-on-year basis to 14.4 million driven by demand for gaming and AI-powered PCs, market research firm IDC said on Monday. IDC India, South Asia and ANZ, associate vice president for devices research, Navkendar Singh said the weakening rupee can lead to an increase in device costs, which can impact the price-sensitive SMB (small and medium businesses) and consumer segments but despite all challenges, the India PC market is most likely to witness a low single-digit growth in 2025. The growth in the Indian consumer PC market has been on an upward trajectory, driven by gaming and AI-powered PCs. HP led the market with 30.1 per cent market share in 2024 and 30 per cent share in the December quarter despite a decline of about 1 per cent in annual and 1.8 per cent in quarterly supplies, as per IDC estimates. Lenovo and Dell followed HP with market share of 17.2 and 16.1 per cent in 2024 with year-on-year (YoY) growth of 7.3 per cent and 8.1 per cent, respectively.

Source: https://www.business-standard.com/, February 24, 2025

Hyperloop electronics tech to be built at ICF Chennai, announces Vaishnaw

Union Minister Ashwini Vaishnaw on Saturday announced that an electronics component technology for the ambitious Hyperloop project, developed by IIT-Madras, will be built at the Integral Coach Factory (ICF) in Chennai. After his visit to the Hyperloop testing facility at IIT Madras' Thaiyur campus, Vaishnaw, who holds the portfolios for Information and Broadcasting, Electronics and Information Technology, said the 410-meter-long Hyperloop test tube is the longest of its kind in Asia. The entire Hyperloop testing system has been developed using indigenous technologies, with encouraging results from the tests conducted so far. India is on the brink of introducing Hyperloop transportation, he added. Tutr Hyperloop, a deep-tech startup incubated at IIT Madras, is preparing to launch the world's first commercial Hyperloop project in India, aligned with the Centre's Atmanirbhar Bharat and Viksit Bharat 2047 goals.

Source: https://www.business-standard.com/, March 15, 2025

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Consumer Electronics

Consistent Coming Soon with their B2C Portal to offer Cutting-Edge Consumer Tech Products

Consistent also known as Consistent Infosystems, a leading name in the Indian IT hardware and electronics industry, has announced its plans to expand into the B2C segment with their upcoming B2C Portal with an exciting lineup of innovative consumer technology products. This strategic move aims to empower consumers with high-quality, affordable, and technologically advanced solutions. Leveraging its strong R&D capabilities and deep expertise in the B2B market, Consistent Infosystems is preparing to disrupt the consumer electronics space. The company intends to introduce a wide range of products, including smart networking solutions, high-performance storage devices, power solutions, and lifestyle accessories, catering to the ever-evolving demands of modern consumers. The company’s upcoming consumer product range is expected to feature cutting-edge designs, robust performance, and seamless connectivity, making advanced technology accessible to a wider audience.

Source: https://www.apnnews.com/, March 17, 2025

Amazon targets double-digit growth in consumer electronics, driven by tier 2 and tier 3 cities

E-commerce giant Amazon is targeting strong double-digit growth in its consumer electronics category in 2025, driven by rising demand from tier 2 and tier 3 cities. As the company wraps up the first quarter of the year, it has seen a strong start, with robust performance across key electronics segments, including 5G smartphones, AI-PC laptops, and major appliances like TVs, washing machines and air conditioners. Amazon is also fine-tuning its quick commerce service, Amazon Now, which was recently launched in Bangalore, and plans to use it to sell consumer electronics. Consumer electronics, including mobiles, PCs, audio devices, and major appliances, have seen strong double-digit growth. According to Khan, this growth is particularly significant because a large portion of it is coming from tier 2 and tier 3 cities.

Source: By Danish Khan, https://www.moneycontrol.com/, March 12, 2025

Foxconn reports 13% drop in Q4 profit amid weak consumer electronics sales

Foxconn, also known as Hon Hai Precision Industry, reported a 13% decrease in profit for the fourth quarter, attributed to a weak performance in its consumer electronics division. This drop was despite the strength in its AI server segment business. Foxconn, the world’s largest contract electronics maker, is Apple (NASDAQ:AAPL)’s top iPhone assembler and Nvidia’s AI server maker. For the period of October-December, the net profit came in at T$46.33 billion ($1.41 billion), falling short of analysts’ average forecast of T$54.4 billion. This estimate was based on a consensus from 15 analysts provided by LSEG. Despite the drop in profit, Foxconn announced a 15.2% increase in its fourth-quarter revenue in January, reaching a record for that quarter due to strong sales of AI servers. Looking ahead, Foxconn expects its performance for the first quarter to exceed the average level of the past five years. The company also anticipates strong year-over-year growth but does not provide numerical guidance.

Source: https://www.investing.com/, March 14, 2025

India's electronics manufacturing sector grapples with uncertainty over Trump's tariff threat

Global markets in the red. Fears of a US recession. A raging tariff war. Supply chains in disarray. Companies grappling with uncertainty. Governments on tenterhooks. It hasn't even been two months since Donald Trump was sworn in as US President and it has been more dramatic than an episode of his reality show The Apprentice. On March 5, Trump underlined this with his plan for reciprocal tariffs on countries such as India and China. In the past, Trump has gone so far as to call India a “tariff king.” Last month, during a joint press conference with Prime Minister Narendra Modi in the White House, Trump had said that India has “been very strong on tariffs.” As an example, he said that a 70% tariff on US cars going into India “makes it pretty much impossible to sell those cars.” Though Trump specifically mentioned the auto sector and didn't refer to electronic goods in his address to Congress, Indian electronics are a key item imported by US tech firms. Apple and others have been rapidly expanding their manufacturing presence in India but tariffs threaten to drive up their overall costs and squeeze the advantage of making in India.

Source: By Dia Rakhi, https://economictimes.indiatimes.com/, March 16, 2025

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Telecom

Government not privatising telecom firms BSNL and MTNL, says minister

The government is not privatising state-run telecom firms Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), Minister of State for Rural Development and Communications Pemmasani Chandra Sekhar said on Wednesday. Replying to a question in Parliament, Sekhar said that last month, the government had approved an additional capital expenditure plan of Rs 6,982 crore (Rs 69.82 billion) for BSNL. In February, the Union Cabinet reportedly approved Rs 6,000 crore (Rs 60 billion) towards 4G network expansion of MTNL and BSNL, according to a CNBC Awaaz report. In January, a Reuters report indicated that the government decided to abandon its ambitious privatisation plans for several state-owned enterprises, including MTNL. This shift in policy comes despite the initial 2021 announcement to privatise most state-run companies, including sectors sensitive to national interest.

Source: By Rimjhim Singh, https://www.business-standard.com/, March 12, 2025

Satcom policy needed: Govt must streamline processes for satellite telecom

India’s two top telecom companies, Reliance Jio and Bharti Airtel, have, in a surprise development, announced tieups with American space technology company SpaceX, in which cofounder Elon Musk holds a majority stake. The partnerships would enable Starlink, a fully owned subsidiary of SpaceX, to bring its satellite broadband service to India. Starlink, which already operates in 120 markets worldwide, is expected to come with international expertise in providing high-speed and low-latency internet connectivity. OneWeb, majority owned by the Bharti group, and Reliance Jio are geared up to launch their respective satellite broadband services in India. While the industry is in a state of readiness, satellite telecom service cannot take off in India unless a policy is framed. Since satellite telecom offers promise to significantly transform the landscape of internet connectivity by reaching the remote and rural areas, which have remained broadband-deprived thus far, the government and the regulator — the Telecom Regulatory Authority of India (Trai) — must quickly finalise the rules and guidelines for the service.

Source: https://www.business-standard.com/, March 16, 2025

India’s telecom subscriber base rises to 1.18 billion in December, Jio leads growth

India’s total telephone subscriber base grew marginally to 1,189.92 million in December 2024, with Reliance Jio leading in both mobile and fixed-line additions, according to a report released by the Telecom Regulatory Authority of India (TRAI) on Tuesday. The country had 1,187.15 million subscribers in November, marking a slight increase. Jio remained the frontrunner in broadband services with 476.58 million subscribers, followed by Bharti Airtel (289.31 million) and Vodafone Idea (126.38 million). Urban telephone subscriptions rose to 663.37 million in December, up from 659.87 million in November. However, rural subscriptions saw a dip from 527.27 million to 526.56 million during the same period. The wireless subscriber base increased from 1,148.65 million to 1,150.66 million, reflecting a modest 0.17% monthly growth. Wireless teledensity also edged up to 81.67% from 81.59% in November.

Source: https://www.cnbctv18.com/, March 11, 2025

Govt sets tough conditions for Elon Musk's Starlink to enter India

The Indian government has directed Elon Musk’s satellite communications venture, Starlink, to establish a control centre in India. This move aims to enable authorities to suspend or shut down communication services in sensitive or troubled areas when necessary to maintain law and order, according to top sources cited by TOI. As per the TOI report, the government has also outlined security requirements, including allowing law-enforcement agencies to intercept calls through official channels when required. These directives come as Starlink’s application for a satellite communications licence reaches the final stage. The company has been working on agreements with Reliance Jio and Airtel for marketing, deployment, and network enhancement. A control centre in India is considered necessary to handle law-and-order situations that may require immediate suspension of satellite communication services.

Source: https://economictimes.indiatimes.com/, March 14, 2025

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EV’s & Auto Electronics

3rd private car must be EV: Delhi govt proposal

The third private car purchased in every Delhi household must be an electric vehicle, no fossil fuel-run three-wheelers will be registered from August this year and no non-electric two-wheeler will be allowed to register from August 2026, the state government is likely to stipulate as part of its ambitious Electric Vehicles Policy 2.0, according to officials aware of the matter. Delhi transport minister Pankaj Kumar Singh has approved the policy in principle and it will now be presented to the cabinet, one of the officials said. The new policy has some bold targets aimed at ensuring EV transition in every vehicle segment. In some categories, we hope that we will be able to achieve 100% new vehicles registered for EVs in Delhi. We have also developed strategies around how this will be done,” a senior transport official, not wishing to be named. Registration of petrol, diesel or CNG-run two-wheelers will not be allowed from August 2026, said the policy, a copy of which was accessed by HT.

Source: By Snehil Sinha, https://www.hindustantimes.com/, March 16, 2025

Uber in early talks to acquire EV taxi startup BluSmart: Report

The US-origin ride-hailing giant Uber Technologies may be in early stages of discussion to acquire the Gurugram-based electric cab service operator BluSmart Mobility. This comes at a time when Gensol Engineering, a solar engineering procurement and construction company which is promoted by BluSmart's cofounder Anmol Singh Jaggi, is facing liquidity issues, according to an Economic Times report. HT.com cannot independently verify the authenticity of the information contained in the report. BluSmart's Jaggi had also denied holding such acquisition talks with Uber. Uber is a direct competitor, with its service called ‘Uber Green’ which the company is looking to expand. BluSmart's over 5,000 strong electric vehicle fleet in Delhi-NCR, Mumbai and Bengaluru can help Uber achieve just that. These same vehicles which are mainly from Tata Motors and MG Motor, are owned by Gensol Engineering and leased to BluSmart, according to the report which added that BluSmart also has a programme to lease cars from individuals.

Source: https://www.hindustantimes.com/, March 17, 2025

India’s Public Electric Vehicle Charging Network Grows To 26,367 Stations As Government Expands EV Infra Push

As many as 26,367 public EV charging stations have been installed across the country, the government has informed the Lok Sabha. This expansion is part of the government’s broader efforts to enhance electric mobility and reduce reliance on fossil fuels. "26,367 Public EV Charging Stations has been deployed across the Country," Union Road Transport and Highways Minister Nitin Gadkari said in a written reply to a question in the Lok Sabha. Among states, Karnataka leads with 5,879 charging stations, followed by Maharashtra (3,842), Uttar Pradesh (2,113), Delhi (1,951), Tamil Nadu (1,495), Kerala (1,288), Rajasthan (1,285), Gujarat (1,008), Telangana (976), Madhya Pradesh (942), Haryana (808), and West Bengal (791). Other states include Andhra Pradesh (614), Punjab (607), Odisha (550), Chhattisgarh (290), Jharkhand (277), Bihar (393), Himachal Pradesh (114), Uttarakhand (202), and Goa (155). In the northeast, Assam has 311 charging stations, Tripura has 54, Manipur has 50, Arunachal Pradesh has 44, Meghalaya has 43, Nagaland has 36, Mizoram has 13, and Sikkim has 11.

Source: BY Kuldeep Negi, https://swarajyamag.com/, March 14, 2025

PM Modi’s Green Push for EVs: Electric Vehicle Adoption Rockets from 0.01% In 2014 to 7.31% In 2024

The Indian automotive industry has witnessed a major transition towards electric vehicles. As the Government of India is continuously pushing for alternative fuel vehicles, there are multiple policies, schemes, and infrastructure development that have helped in the growth of EVs in India. Under the leadership of Prime Minister Narendra Modi , between 2014 and 2024, the adoption of electric vehicles in India surged from a negligible 0.01 per cent in 2014 to 7.31 per cent in 2024. This growth in EV adoption reflects a significant shift in the country’s transportation landscape. According to the e-Vahan portal of the Ministry of Road Transport and Highways, 17,84,000 vehicles were registered in 2024, which accounted for 7.31 per cent of EVs out of the total vehicles registered. As per the e-Vahan portal of the Ministry of Road Transport and Highways, 2014 recorded registration of 2,000 vehicles, accounting for 0.01 per cent of EVs out of the total vehicles registered.

Source: By Vatsal Agarwal, https://www.republicworld.com/, March 17, 2025

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Defence & Solar

India Eyes Rs 50K Cr Via Defence Exports By FY29

India’s defence industry is rapidly evolving into a global powerhouse as the country’s defence exports surged to an all-time high of Rs21,083 crore in FY24 - a 32.5 per cent increase from the previous year’s Rs15,920 crore, as per a report. According to the Nuvama report, over the past decade, India’s defence exports have grown 31 times, solidifying its presence in the global market and increasing international demand. The Indian government has set an ambitious target of Rs50,000 crore in defence exports by FY29, reflecting its commitment to strengthening the sector. In FY25 alone, exports are projected to reach Rs20,300 crore, reinforcing India’s position as a key player in the international defence supply chain.One of the biggest catalysts for this growth is the rising demand from Europe. With European nations facing manufacturing constraints and workforce shortages, India is emerging as a dependable supplier of defence equipment.

Source: https://www.bizzbuzz.news/, March 17, 2025

India’s Solar Revolution: PM Surya Ghar achieves milestone of 10 lakh solar installations

The PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), the world’s largest domestic rooftop solar initiative, has crossed a historic milestone with 10 lakh homes now powered by solar energy as of March 10 as per an official statement from the Ministry of New and Renewable Energy on Thursday. Launched by Prime Minister Narendra Modi on February 13, 2024, the scheme is transforming India’s energy landscape. With 47.3 lakh applications received, the government has disbursed Rs. 4,770 crore in subsidies to 6.13 lakh beneficiaries, making solar energy more accessible to Indian households. A key feature of the scheme is its easy financing options, including collateral-free loans up to Rs. 2 lakh at a 6.75% subsidized interest rate provided by 12 Public Sector Banks. So far, 3.10 lakh loan applications have been received, with 1.58 lakh sanctioned and 1.28 lakh disbursed, ensuring financial inclusion. The scheme boasts a swift 15-day subsidy transfer process and has enabled many households to enjoy zero electricity bills.

Source: https://ddnews.gov.in/, March 13, 2025

India adds record 25 GW of solar capacity in 2024, says Mercom report

Solar capacity addition more than doubled to 25.2 gigawatt (GW) in 2024 as developers raced to complete delayed projects, Mercom Capital said. The country added 8.3 GW of solar capacity during 2023, the US-based research firm said in its latest report. "Commissioning of a significant capacity of previously delayed projects drove capacity additions in 2024," Mercom India Solar Market Update report said. According to Mercom, large-scale solar projects (including solar open access) accounted for more than 87 per cent of the total capacity additions, while rooftop solar contributed nearly 13 per cent. Installations under the open access model comprised over 31 per cent of the large-scale solar capacity additions. Rajasthan, Gujarat, and Maharashtra led the large-scale solar installations in 2024, accounting for around 32 per cent, 27 per cent, and 8 per cent of the capacity additions, respectively.

Source: https://www.business-standard.com/, March 11, 2025

Tulsi Gabbard meets India's Defence Minister Rajnath Singh

US Director of National Intelligence Tulsi Gabbard met India's National Security Advisor (NSA) Ajit Doval on Sunday. Doval chaired the security meet with Gabbard and other top intelligence officials including US Director of National Intelligence, Canadian spy chief Daniel Rogers, and UK National Security Adviser Jonathan Powell among others. Discussions were held on how to improve cooperation in dealing with security challenges, including terrorism and the risks from new emerging technologies. Gabbard also met Defence Minister Rajnath Singh on Monday and discussed ways to work closely in the security domain and strengthen intelligence sharing. Indo military exercises in sync with the India-US global strategic partnership, besides talks on cross-border terrorism were also a part of the agenda. A defence deal was also reportedly discussed. The development holds special significance in the India-US relations since it marks the first high-level visit to India by a senior official from the Donald Trump administration.

Source: https://www.timesnownews.com/, March 17, 2025

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MSME

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

Govt eyes Rs 1-1.5 lakh crore credit cover for MSMEs under new scheme in FY26

The Centre is targeting Rs 1-1.5 lakh crore credit guarantee cover in 2025-26 for micro, small and medium enterprises, under the newly launched Mutual Credit Guarantee Scheme for MSMEs. The scheme seeks to provide 60% guarantee coverage by National Credit Guarantee Trustee Company Limited (NCGTC) to member lending institutions (MLIs) for credit facility up to Rs 100 crore sanctioned to eligible MSMEs for purchase of equipment or machinery. To strengthen the MSME manufacturing sector, the scheme was approved by the Cabinet on January 29 for a period of four years or till cumulative guarantee of Rs 7 lakh crore are issued, whichever is earlier. The scheme will facilitate collateral-free loans by banks and financial institutions to MSMEs who are in need of debt capital for their expansion and growth. The government expects significant demand for the scheme given that it was based on industry’s wish to bridge credit gap. The official expressed confidence that Rs 1 lakh crore worth credit guarantee would be achieved comfortably in FY26.

Source: By Prashant Sahu, https://www.financialexpress.com/, March 16, 2025

MSME loans in Kerala poised to cross Rs 1 trillion

The state government’s aggressive drive to promote entrepreneurship through micro, small, and medium enterprises (MSME) is yielding desired results, with bank lending to the sector set to cross Rs 1 trillion (Rs 1 lakh crore) this fiscal. Total loans outstanding to the MSME sector in Kerala stood at Rs 92,175.63 crore as on December 31, 2024, a robust growth of 38% from Rs 66,876 crore in December 31, 2022, as per the data released last week. The growth is significant as it indicates that credit is more accessible to the sector now. Lending to the MSME sector had shown an anaemic growth of just 1.22%, from Rs 60,880 crore to Rs 61,623 crore, in a year until December 2020 and 2021, respectively. “We expect the advances to MSMEs to cross Rs 1 lakh crore by the end of this financial year. Earlier, it was very difficult to get bank loans. We have now seen a big difference in the banks’ approach towards the sector in recent years,” said A Nizarudeen, state president, Kerala State Small Industries Association.

Source: By Rajesh Abraham, https://www.newindianexpress.com/, March 17, 2025

MSME industry bodies urge RBI to tweak norms for ecommerce exports

Micro, small and medium enterprises (MSME) industry bodies have requested the Reserve Bank of India (RBI) for certain changes in the regulations for ecommerce exports. These MSME bodies met the central bank in Ahmedabad, Gujarat, last week. “The industry bodies told the RBI that the current system of manually matching shipping bills with inward remittances (IRMs) is impractical for high-volume ecommerce exports,” an industry source privy to the development said. The source noted that they have requested the RBI to develop an automated reconciliation system within the Export Data Processing and Monitoring System (EDPMS), leveraging artificial intelligence (AI) algorithms, to match IRMs with shipping bills based on exporter records, even when amounts vary due to marketplace fees or refunds. “This system should also allow bulk uploads of transactions, reducing the need for exporters to handle each bill individually. Additionally, the requirement for CA certificates for small exporters should be removed, replacing it with self-declaration forms for MSME with an annual turnover of ₹5 crore or less,” the source said.

Source: By Harsh Kumar, https://www.business-standard.com/, March 14, 2025

TN Budget 2025: Rs 1,918 crore allocated for MSME growth; nine new industrial estates announced

With a strong focus on setting up new industrial estates, promoting startups and supporting artisans, the Tamil Nadu government has allocated Rs 1,918 crore for the Micro, Small, and Medium Enterprises (MSME) Department. Finance Minister Thangam Thennarasu announced that the Tamil Nadu Small Industries Development Corporation (SIDCO) will establish nine new industrial estates across the state at an investment of Rs 366 crore, and these are expected to generate 17,500 employment opportunities. The new estates will be set up in Thirumudivakkam in Kancheepuram district, Saram and Nayanur in the Villupuram district, Nagampalli in Karur district, Sooriyur in Tiruchy district, Karuttapuliyampatti in Madurai district, Thanichyam in Ramanathapuram district, Naduvur in Thanjavur district, and Narasinghanallur in Tirunelveli district, the minister said. In FY 2025-26, banks will extend loans worth Rs 2.5 lakh crore to 10 lakh MSMEs in Tamil Nadu. With over 32 lakh registered MSMEs, the state ranks third in India in terms of enterprise numbers. The government continues to support startups through the Tamil Nadu Startup Seed Fund, allocating Rs 20 crore for the initiative under the Tamil Nadu Startup and Innovation Mission (TANSIM), he added.

Source: https://www.newindianexpress.com/, March 15, 2025

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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 2024-25 Description ELCINA Directory of Indian Electronics Industry – includes the updates on Indian Electronics Industry and a host of additional improved features covering business environment, statistical industry scan, company databases plus various projections. This handy compendium with its easy-to-read format attracts the attention of a growing number of users (within India and abroad) Apart from electronics industry, the users of this Directory range from financial institutions, commercial banks, FIIs, Consultancy organizations as well as industry promotion institutes across the world….

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FORTHCOMING EVENTS &  GENERAL INFORMATION 

International Events
	IPC APEX EXPO 18th-20th March 2025 Anaheim Convention Center https://www.ipcapexexpo.org/
	Appliance & Electronics World Expo 2024 20 - 23 Mar 2025 Shanghai New International Expo Centre(SNIEC), Shanghai, China https://en.awe.com.cn/
	The International Electronic Circuits 24th -26th March China http://www.cpcashow.com/en/information.asp
	CPCA Show 2025 24- 26 March 2025 http://www.cpcashow.com/en/index.asp
	Productronica China 2025 26 – 28 March 2025, Shanghai New International Expo Centre, Hall E1-E5 & W1-W3, China https://www.productronicachina.com.cn/en/
	26-28, March 2025 Shanghai New International Expo Centre https://www.semiconchina.org/
	Hong Kong Electronics Fair 13th to 16th April (spring Edition) Hong Kong https://www.hktdc.com/event/hkelectronicsfairse/en
	Automotive World 16-18 April 2025 Hall D, Coex, Seoul   https://www.automotiveworld.kr/en-us.html
	Electric Energy Conference & Show 2025 12th – 14th April 2025 Korea   https://sief.co.kr/fairContents.do?FAIRMENU_IDX=13453&hl=ENG
	electronica China 2025 April 15-17 Shanghai New International Expo Centre https://www.electronicachina.com.cn/en/important-exhibitions-for-the-industry
	Expo Electronica 15th-17th April 2025 Moscow, Russia   https://expoelectronica.ru/en/about/venue/
	The Total Solution Exhibition for Electronics equipment 4th to 6th  June 2025 Tokyo, Japan https://www.jpcashow.com/show2025/en/exhibition/download.html

Domestic Events
	India Smart Utility Week 2025 18 to 22 March 2025, Hotel Lalit Ashok, New Delhi, India https://www.isuw.in/
	Convergence Expo 19th- 21st 2025 March New Delhi https://www.convergenceindia.org/
	India Electronics Expo 2025 19th- 21st March 2025 Pragati Maidan Delhi https://www.indiaelectronicsexpo.com/
	All About Electronics Expo April 2025 Delhi https://www.allaboutelectronicsindia.com/
	Led Expo 03th to 05th April Bombay Exhibition Centre, Mumbai https://shorturl.at/8S3Ck
	PUNE'S ELECTRONICS EXPO 15th to 17th May 2025 Pune https://pune.efyexpo.com/
	Consumer Electronics 24th to 26th July 2025 Pragati Maidan, New Delhi https://cewexpo.com/
	Electronics Expo India 2025 21st to 23rd August 2025 Pragati Maidan Delhi https://www.ipcapcb.org/activities
	SEMICON® India SEP 1 - 3, 2025 Yashobhoomi (IICC), New Delhi https://www.semiconindia.org/
	electronica India 2025 September 17-19 Bangalore International Exhibition Centre https://electronica-india.com/en/trade-fair/

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