VOL XXV, ISSUE 09

15 May 2024

Tata Chief N Chandrasekaran to Lead Semiconductor Push

N Chandrasekaran, chairman of Tata Sons, is set to take on the additional role of chairman at Tata Electronics which has invested around USD 14 billion to enter the semiconductor industry. Industry insiders say Chandrasekaran's new role highlights the semiconductor business's strategic importance for the Tata conglomerate. He was influential in recruiting former Intel and Applied Materials executives to lead Tata Electronics this year. With these leadership hires and over 50 other semiconductor experts brought on board, Tata Electronics is positioning itself at the forefront of India's electronics manufacturing sector. Tata Electronics now has the management muscle to scale up and may surpass growth expectations," said an executive close to the company. "Chandrasekaran's bold approach aligns with the 'One Tata' vision.

Source: https://knnindia.co.in/, May 13, 2024

 PLI Backed IT Hardware Companies To Start Production of Computers, Servers In FY2024

A senior government official from the Ministry of Electronics and IT (MeitY) has announced that the majority of personal computer and server makers approved under the IT hardware production-linked incentive (PLI) scheme are expected to commence production this year. Speaking on the sidelines of the inauguration of a new high-end computing server manufacturing unit by Netweb Technologies, MeitY Secretary S Krishnan revealed that around 17 out of the 27 companies granted approval under the PLI scheme will start production in 2024. About 17 out of 27 PLI companies will start production this year. Around 6-7 of them started production last year, and two have plans to start production next year. The government had approved the applications of 27 companies, including major players like Dell, HP, Foxconn, Lenovo, and Netweb Technologies, under the new PLI scheme for IT hardware in November 2023.

Source: https://knnindia.co.in/, May 10, 2024

HP India In Talks With VVDN & Dixon To Strengthen Domestic Laptop Assembly

In a significant move to strengthen domestic laptop assembly operations, HP India, the Indian subsidiary of the renowned American computer manufacturer, is engaged in discussions with local firms VVDN Technologies and Dixon Technologies. This development comes as HP India stands among the 27 eligible companies for the Indian government's Production Linked Incentive (PLI) scheme 2.0 for IT hardware, which has allocated a substantial Rs. 17,000 crore for incentives. While HP India already operates its own assembly plant and has an existing partnership with the US-based Flex for laptop assembly, the company is exploring assembly-only agreements with Dixon and VVDN. Both domestic firms are eligible for the production-linked incentives under the PLI scheme. The proposed arrangement would entail HP India supplying all necessary components for manufacturing, known as job work, while Dixon and VVDN would handle the assembly process.

Source: https://knnindia.co.in/, May 10, 2024

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   POLICY SCAN                                                                                    

1. DGFT Policy Circular No. 02/2024-DGFT dated 03th May 2024: DGFT Policy Circular Clarity on 3% Non-Achievement Value Addition Applicability

The Directorate General of Foreign Trade (DGFT) issued Policy Circular No. 02/2024 to address concerns surrounding payment requirements for Advance Authorizations. This circular clarifies the application of provisions related to the 3% non-achievement value addition and the 10% CIF value requirement as outlined in Para 4.49 of the Handbook of Procedure 2023 (HBP 2023).

1. Background Context: The circular aims to provide clarity on payment obligations specified in Para 4.49 of HBP 2023, particularly concerning the 3% amount due to non-achievement of minimum Value Addition and the 10% CIF value requirement.

2. Transitional Arrangement: It references Para 4.48(a) of HBP 2023, which outlines transitional arrangements for authorizations issued before April 1, 2023. Such authorizations are subject to the provisions of the respective HBPs under which they were issued, except for clubbing and extension provisions for Export Obligation period.

3. Clarification on Applicability: The circular specifies that provisions regarding payment obligations in Para 4.49(a)(ii) and 4.49(b) of HBP 2023 apply only to authorizations issued on or after April 1, 2023. Authorizations issued before this date are governed by relevant provisions of HBP for the regularization of genuine Export Obligation defaults.

4. Exclusion from Fee Refund: Importantly, the circular emphasizes that the clarification provided does not entitle exporters to a refund of fees already paid

2. Public Notice No. 04/2024-25-DGFT dated 10th of May 2024: Amendment in FTP: Import Provisions for Quality Control Orders

On May 10, 2024, the Directorate General of Foreign Trade (DGFT) issued Public Notice No. 04/2024-25-DGFT, amending Appendix-2Y of the Foreign Trade Policy (FTP) 2023. This amendment facilitates the import of inputs subject to mandatory Quality Control Orders (QCOs) for Advance Authorisation holders, Export Oriented Units (EOU), and Special Economic Zones (SEZ). The update includes adding the Ministry of Mines to the list of Ministries/Departments whose QCO notifications are exempt for goods used in manufacturing export products. This change aims to streamline import procedures, reduce regulatory burdens, and promote ease of doing business for export-oriented entities. Importers are encouraged to stay informed about these regulatory updates to optimize their import processes.

3. Customs Notification 25/2024-Customs dated 06th May,2024:  amend List 34A and List 34B in the Appendix to the Table of Notification No. 50/2017-Customs dated 30.06.2017
   
   Notification No. 25/2024 -Customs, dated May 6, 2024, issued by the Central Government, brings further amendments to the notification No. 50/2017-Customs, dated June 30, 2017. These amendments, made under the powers conferred by the Customs Act, 1962, and the Customs Tariff Act, 1975, are deemed necessary in the public interest. The amendments involve substitutions in the Annexure to the Table, specifically concerning List 34A and List 34B. The revised lists, effective from April 1, 2024, until March 31, 2025, are as follows:

 List 34A (Effective from April 1, 2024, to March 31, 2025):

1. Axis Bank Limited

2. Federal Bank Limited

3. HDFC Bank Limited

4. Industrial and Commercial Bank of China Limited

5. ICICI Bank Limited

6. IndusInd Bank Limited

7. Kotak Mahindra Bank Limited

8. Karur Vysya Bank Limited

9. RBL Bank Limited

10. State Bank of India

11. Yes, Bank Limited

List 34B (Effective from April 1, 2024, to March 31, 2025):

12. Indian Overseas Bank

13. Punjab National Bank

14. Union Bank of India

This notification, issued by the Ministry of Finance (Department of Revenue), is aimed at updating and regulating customs procedures, ensuring alignment with current economic requirements and public interest concerns.

For further queries and clarification on policy: policy@elcina.com

         INDUSTRY  SCAN                                                                             

General

Global semiconductors battle intensifies with $81 bn subsidy surge

Superpowers led by the US and European Union have funneled nearly $81 billion toward cranking out the next generation of semiconductors, escalating a global showdown with China for chip supremacy. It�s the first wave of close to $380 billion earmarked by governments worldwide for companies like Intel Corp. and Taiwan Semiconductor Manufacturing Co. to boost production of more powerful microprocessors. The surge has pushed the Washington-led rivalry with Beijing over cutting-edge technology to a critical turning point that will shape the future of the global economy. There is no doubt we�ve passed the Rubicon in terms of the tech competition with China, particularly on semiconductors,� said Jimmy Goodrich, senior China and strategic technology adviser to the RAND Corp. �Both sides have basically made this one of their top strategic national objectives.

Source: https://www.business-standard.com/, May 13, 2024

Infosys Completes Acquisition Of Semiconductor Design Services Provider InSemi

Infosys announced that it has completed the acquisition of semiconductor design and embedded services provider InSemi. This follows the announcement the company made on Jan. 11, 2024. Semiconductors are at the heart of the technology that is driving growth of artificial intelligence, 5G, hyperconnectivity, high-performance computing, quantum technology, electric vehicles, virtual reality, internet of things and smart devices. Through the investment in InSemi, Infosys aims to strengthen the semiconductor ecosystem and expertise in engineering R&D services. According to Infosys, the collaboration will help accelerate its chip-to-cloud strategy by bringing design skills at scale and will also pair with existing investments in AI/automation platforms and industry partnerships. The collaboration will aim to orchestrate comprehensive end-to-end product development for global clients to help them navigate their digital transformation journey.

Source: https://www.ndtvprofit.com/, May 13, 2024 

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Information Technology

Govt Schools In Bihar's Nalanda To Get Information And Communication Technology Labs

In a bid to modernise government schools in Bihar, efforts are underway to equip them with hi-tech resources. The focus is on establishing Information and Communication Technology (ICT) labs in secondary and higher secondary schools across the Nalanda district. As part of this project, 149 schools in the district have been selected. The ICT labs will provide students with access to digital resources, and they will be able to get information about the subject through educational videos during classes. Lab material will soon be available in these schools. Rajkumar, the District Education Officer, said that with the establishment of IT labs in the secondary and higher secondary schools of the district, the students studying there will have direct contact with the digital world, and the children will be able to enhance their knowledge by connecting with the country and the world while sitting in the class. ICT labs will be constructed in 149 high schools in the district. For this, the secondary and higher secondary schools present in all the blocks of the district have been selected by the department.

Source: https://www.news18.com/, May 13, 2024

BharatRohan�s Drone Technology Equipping Farmers with Data-Driven Insights and Sustainable Solutions

 BharatRohan is an innovative user of drone technology adapted to combat agricultural challenges. Our drones are enhanced with multimodal data analysis technology based on a combination of hyperspectral and multispectral imaging technologies to capture comprehensive data on crop health, soil conditions, and pest infestations.  This data enables us to provide actionable insights to farmers, empowering them to make proactive decisions that optimize resource use and maximize yields. Through this innovative approach, we are not only revolutionizing agriculture but also empowering farmers, and ensuring a sustainable food supply chain. Bharat Rohan�s drones are equipped with advanced features that are transforming the agriculture industry.

Source: https://cxotoday.com/, May 14, 2024

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Consumer Electronics

Apple's Biggest iPhone Assembler Posts 72% Profit Surge Even As Revenue Takes Hit From Weaker Consumer Electronics Demand

Taiwan's Hon Hai Precision operating as Foxconn Technology Group has reported a significant increase in its first-quarter net profit, despite a decline in revenue attributed to weakened consumer electronics demand. The Taiwan-based contract manufacturer, known for assembling Apple Inc. iPhones, announced on Tuesday that its net profit for the first quarter rose by 72% from the previous year, reaching NT$22.01 billion (US$679 million), reported The Wall Street Journal. This increase, however, fell short of the NT$28.76 billion estimated by analysts in a FactSet poll. The surge in profit was attributed to a low base last year when Foxconn faced a NT$17.3 billion write-down linked to its 34% stake in Japanese electronics maker Sharp. Despite the profit surge, first-quarter revenue dropped by 9% to NT$1.324 trillion due to reduced consumer electronics demand.

Source: By Benzinga Neuro, https://www.benzinga.com/, May 14, 2024

Amber venturing into railways, electronics holds greater promise

Amber Enterprises' valuation could be re-rated, as the company's diversification into electronics manufacturing and cooling solutions for the railways could allay investor concerns about moderating revenue potential from contract manufacturing of air-conditioners. The company is the India market leader in contract manufacturing of ACs, a business where it is facing challenges due to brands increasingly turning to in-house manufacturing of room ACs. The company is targeting AC contracting operations as well as new business from the electronics and railway segments to have an equal contribution to its revenue over the next five years. The operating margin and return on capital employed of the new business would be superior to the AC contracting business, helping lift the overall margin and the return ratio.

Source: https://economictimes.indiatimes.com/, May 12, 2024

Veira to invest Rs 450 cr on new unit to increase production capacity

Consumer electronics and appliances maker Veira on Monday said it will invest Rs 450 crore to set up a new manufacturing unit at Greater Noida to enhance capacity for air coolers and washing machines. This investment will result in increasing existing production capacity from 100,000 to 500,000 units of washing machines and air coolers annually, Veira said in a statement. This expansion marks our commitment to serving both domestic and international markets," Veira Director Ankit Maini said, adding that the company anticipates these product segments to contribute 15 per cent to its revenue by the end of FY25. The company, a contract manufacturer, said it already manufactures air coolers for 23 Indian and global brands. Similarly, it manufactures washing machines for 25 such brands.

Source: https://www.business-standard.com/, May 13, 2024

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Telecom

Your phone bill could rise by up to 25% post-election

Mobile phone users could see about 25% increase in their bills after the general election as telecom companies prepare for the fourth round of tariff hikes in recent years, a move which would give a boost to their average revenue per user (ARPU). The report said while the quantum of hike may appear large, it should be manageable for both urban and rural users, especially as data usage is sticky. For urban households, subscribers spending on telecom would go up from 3.2% of total expenditure to 3.6%, it said, while for rural subscribers spending would increase from 5.2% to 5.9%. The roughly 25% increase in headline rates would result in a 16% growth in ARPU for telecom operators, Rs 29 for Bharti Airtel and Rs 26 for Jio, Axis Capital estimated.

Source: https://economictimes.indiatimes.com/, May 14, 2024

Govt asks Jio, Airtel, Idea to block 28,000 phones, verify 20 lakh numbers

The Department of Telecom (DoT) has instructed major telecom operators, including Reliance Jio, Bharti Airtel, and Vodafone Idea, to block 28,200 mobile handsets allegedly linked to cyber crimes. This action comes as part of a broader effort to combat the misuse of telecom resources in cyber crimes and financial frauds. It also said that this �collaborative effort aims to dismantle networks of fraudsters and protect citizens from digital threats.� The DoT, Ministry of Home Affairs (MHA), and State Police have collaborated to tackle the misuse of telecom resources. This joint effort aims to dismantle networks of fraudsters and protect citizens from digital threats. In addition to blocking the mobile handsets, the telecom companies have been directed to carry out immediate reverification of 20 lakh mobile connections in the country.

Source: https://economictimes.indiatimes.com/, May 13, 2024

India needs Rs 4.2 lakh cr investment to connect 24 cr households with broadband by 2030

India will need an investment of Rs 4.2 lakh crore by 2030 for connecting 24 crore households in the country with broadband services, according to an industry expert. While speaking at the Broadband India Forum conference, Prashant Singhal, Telecom Sector Leader, Emerging Markets, Partner in a member firm of EY Global, said that at present 4 crore households are connected with broadband in India. To connect 24 crore households in India with high-speed broadband service, India will need to invest Rs 4.2 lakh crore on digital connectivity infrastructure across all modes- fibre, mobile towers, satellite broadband, wifi, data centres etc. According to the break-up provided by him, fibre deployment will need investments in the range of Rs 2.7-3 lakh crore, passive infrastructure Rs 90,000-96,000 crore, WiFi and in-building solutions Rs 6,600-Rs 9,000 crore, data centres Rs 9,700-Rs 14,100 crore and satellite broadband services Rs 26,000-29,000 crore.

Source: https://economictimes.indiatimes.com/, May 13, 2024

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EV�s & Auto Electronics

Consumers bend the road: No straight drive from ICE to electric

The journey from the internal combustion engine (ICE) vehicles to electric vehicles (EVs) ones is not as straight as it appeared a few years ago. Consumers do want an alternative to vehicles powered by dirty fuel but they are not lapping up EVs as yet. They are preferring hybrids or CNG vehicles. This has reflected in plans of car manufacturers not just in India but in the West too. India's biggest car maker, Maruti Suzuki India, expects its CNG car sales to rise over 30 per cent to around 6 lakh units this fiscal. "So CNG, this year, we did about 4,50,000 (units) in passenger vehicles. We are hoping to do something like 6,00,000 vehicles in FY24-25," Maruti Suzuki India Executive Director Corporate Affairs Rahul Bharti said in an analyst call, PTI reported. The component shortage of CNG vehicles has been gradually normalizing, which has prompted the company to guide for CNG sales volume. The CNG growth rate is expected to be nearly four times the overall volume.

Source: https://economictimes.indiatimes.com/, May 13, 2024

Exicom launches new DC charger for electric vehicles; stock jumps.

Electric vehicle charging and power solutions provider Exicom has announced the launch of �harmony gen 1.5 DC fast charger� with a range of advanced features including an advanced AI-driven remote management system, high operational efficiency, and integrated lighting. According to the company�s statement, the charger is available in three frame sizes, and its modular construction offers power outputs from 60 kW to 400 kW. Anant Nahata, CEO of Exicom, said, �With over 4500 DC chargers installed, we are bridging the demand-supply gap and empowering EV drivers to confidently embrace electric mobility.� Shares of Exicom Tele-Systems Ltd surged 7.95 per cent to trade at ₹275 on the NSE as of 1.47 pm.

Source: https://www.thehindubusinessline.com/, May 14, 2024

US likely to impose 100% tariff on electric vehicle imports from China: Report

The United States is all set to impose a 100% tariff on electric vehicles imported from China, according to a report from the Financial Times. The fresh measures, if taken, will be a major escalation in the ongoing trade war between the US and China and may attract tit-for-tat duties from the Xi Jinping-led Chinese administration. The reported increase in the tariffs is a four-fold jump from the existing 25% and comes after senior officials from US the administration expressed frustration over China�s manufacturing �overcapacity" of electric vehicles, which poses a threat to US jobs and national security. Previously, US President Joe Biden and his Republican challenger, Donald Trump, have spoken about going tough on China. This move can provide a strong footing for the Democrats to flaunt their anti-China credentials ahead of the US presidential elections in November of this year.

Source: https://www.livemint.com/, May 11, 2024

Murugappa Group to foray into e-SCV, plans to invest Rs 3,000 crore on EVs

Chennai-based Murugappa Group is set to make a foray into electric small commercial vehicle (e-SCV) business. Tivolt Electric Vehicles, a subsidiary of the group�s TI Clean Mobility (TICMPL), plans to launch their e-SCV in the next few months. The group is in the process of investing around Rs 3,000 crore in electric vehicles through TI Clean Mobility. This comes days after TI Clean Mobility signed a definitive agreement to raise Rs 580 crore from private equity firm GEF Capital Partners LLC. After closing of the proposed investment from GEF, the overall fund raising would aggregate to Rs 2,530 crore. Once launched, the vehicle is expected to bring about a significant change in India's mid-mile and last-mile mobility sectors, due to its cutting edge technology, distinctive design, strong performance, and durable build quality, the company said in a statement on Monday.

Source: https://www.business-standard.com/, may 13, 2024

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Defence & Solar

Inter-Services Organisations Act notified: Defence Ministry

The Inter-Services Organisations (Command, Control and Discipline) Act has been notified in a gazette and has been enforced with effect from May 10, the Defence Ministry said Friday. The move comes amid the theaterisation plan envisioned by the government. Under the theaterisation model, the government seeks to integrate the capabilities of the Army, the Air Force and the Navy, and optimally utilise their resources for wars and operations. The Act empowers Commanders-in-Chief and Officers-in-Command of ISOs to exercise control over service personnel, serving under them, for effective maintenance of discipline and administration, without disturbing the unique service conditions of each individual service. ��the Act will empower the heads of ISOs and pave the way for expeditious disposal of cases, avoid multiple proceedings and will be a step towards greater integration and jointness among the armed forces,� it said.

Source: https://indianexpress.com/, May 11, 2024

India's defence sector a $138bn opportunity; HAL, BEL top buys: Nomura

India�s defence sector presents an ordering opportunity worth $138 billion between fiscal years 2023-24 (FY24) and FY32, said a latest note by Nomura, which has initiated coverage on two defence-related players � Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) � with a �buy� rating. The research and broking house see an upside potential of 28 per cent and 32 per cent, respectively in these two stocks from the current levels. India's defence sector, Nomura said, is witnessing significant growth driven by increasing defence budgets, modernisation efforts, and the government's emphasis on indigenous manufacturing through initiatives like "Make in India." India's strategic location in the geopolitically significant South Asian region makes defence a priority area for national security as it continues to strengthen its defence capabilities to address regional security challenges. Our bottom-up analysis presents an ordering opportunity worth $138 billion over FY24-32F for defence manufacturing and production," wrote Umesh Raut and Tanay Rasal of Nomura in the recent report.

Source: https://www.business-standard.com/, May 10, 2024

Bharat forge currently developing a light tank under 25 tons for indian army

Bharat Forge is making strides in the defence sector. They are currently developing a light tank under 25 tons for the Indian Army�s future requirements. This initiative is part of their broader focus on defence exports and reducing dependence on imported parts by 2030. The company is also setting up a new factory in Jejuri, Pune district, which will be dedicated to producing vehicles like the M4, which the Indian Army has shown great interest in, according to a report by TOI. In terms of technology and innovation, Bharat Forge is leveraging its own intellectual property to create new weapons systems. This approach is significant as it differs from other defence companies that may rely on external technology for product assembly. With an order book of ₹5,000 crore, 80% of which is for exports, Bharat Forge is positioning itself as a key player in the defence export market.

Source: https://www.indiandefensenews.in/, May 14, 2024

ISRO is designing docking ports for indian space station as per international standards

ISRO has plans to assemble a modular space station in Earth orbit by 2035. This space station will demonstrate ISRO's capabilities of a sustained human presence in Earth orbit, paving the way for landing crew on the Moon. During a lecture on National Technology Day on 11 May, 2024, director of ISRO�s Space Applications Centre (SAC) provided additional details on the Bharatiya Antariksh Station (BAS), or the Indian Space Station. ISRO plans to assemble the space station in Earth orbit, through a series of missions. The first module will be launched by 2028, followed by other modules which will be integrated in space. The Indian Space Station is expected to be completed by 2035. India will demonstrate the capability of of sustained human presence in space with the BAS, with astronauts remaining on board for between three and six months. Resupply missions are planned for about once every three months. The space station will be assembled in Earth orbit by docking multiple modules together.

Source: https://www.indiandefensenews.in/, May 14, 2024

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MSME

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

MSME delayed payment: Check updated online process to file application against your buyer

Delay in recovering dues from businesses for goods and services sold is one of the biggest challenges MSMEs face in the country. According to the delayed payment monitoring portal by the government MSME Samadhaan, 1.89 lakh delayed payment applications have been filed by MSMEs involving Rs 43,160 crore since October 2017, of which only 36,074 cases involving Rs 6,235 crore have been disposed of by the facilitation councils. In case you are looking for the online process of filing an application against your buyer who hasn�t paid your dues within 45 days of generating an invoice, here�s the step-by-step procedure:

Source: https://www.financialexpress.com/, May 13, 2024

Vacuum for Indian MSMEs seeking growth finance: Nishu Malhotra, ADM Capital

NISHU MALHOTRA, director at ADM Capital, an Asia Pacific (APAC)-based firm that has nearly $2 billion worth of assets under management (AUM), tells Puneet Wadhwain an email interview that  in a high interest rate scenario, the ability to differentiate between credit quality is paramount, as highly leveraged companies are subject to more uncertainties. Edited excerpts: In India, the shift to private credit started before the Covid era, driven by regulatory reforms including the Insolvency and Bankruptcy Code, Real Estate Regulatory Authority (RERA) Act etc. As one of the fastest growing economies in the world, India has attracted more international players, which pushed ticket sizes up. The numbers speak for themselves. According to EY, 108 private credit deals completed in India in 2023 with an aggregate value of $7.8 billion, compared with 77 deals worth $5.3 billion in 2022, with large deals boosting the overall value.

Source: https://www.business-standard.com/, May 13, 2024

MSME jobs in India cross 19-crore mark: Govt data

The total number of jobs reported by micro, small and medium enterprises (MSMEs) in the country has crossed the 19-crore mark, according to data from the Udyam registration portal. Over 4.40 crore MSMEs registered with the MSME Ministry through the Udyam certification have reported 19.09 crore jobs, at the time of filing this report, growing by more than 2x from 8.81 crore in November 2022. This included 4.27 crore women employees and 2.15 crore employees in enterprises not covered under the Goods and Services Tax (GST) regime or exempted from the CGST Act, 2017. From 2.8 crore in July 2020 when the Udyam registration portal was launched by the government, the job count has grown 6.8 times. Highlighting the government measures to increase employment generation by MSMEs, the Department of Economic Affairs (DEA) under the Finance Ministry in its monthly economic report in February this year had noted that the revision in the definition of MSMEs provided ease in doing business and promoted investment and employment.

Source: https://www.financialexpress.com/, May 10, 2024

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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 2023-24 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
	The Total Solution Exhibition for Electronics Equipment 12- 14 June 2024 Tokyo, Japan  https://www.jpcashow.com/show2024/en/
	China (Guzhen) International Lighting Fair 2024 MESSE FRANKFURT 9-12 JUNE,2024 Guzhen Convention and Exhibition Center, Zhongshan, CHINA https://guangzhou-international-lighting-exhibition.hk.messefrankfurt.com/guangzhou/en.html
	KPCA Show 2024 (Int�l Electronic Circuits and Packaging Show) 4 - 6 September 2024 Songdo Convensia, Incheon http://www.kpcashow.com/m/eng/about.asp
	TPCA Show 23-25 October 2024 Taipei Nangang Exhibition Center https://tw.tpcashow.com/introtw/
	International Electronics Circuit Exhibition 4-6 December 2024 Shenzhen World Exhibition & Convention Center (Bao�an), China https://www.hkpcashow.org/en/show/information

Domestic Events
	13th Strategic Electron Summit July, Bangalore https://ses-india.in/
	Electronica India 11th -13th September 2024 India Expo Mart, Greater Noida https://electronica-india.com/en/trade-fair/
	Semicon India 2024 11th -13th September 2024 India Expo Mart, Greater Noida SEMICON India 2024 - Shaping the Semiconductor Future | SEMI
	14th Source India Electronics Supply Chain February, Chennai Trade Centre https://event.sourceindia-electronics.com/

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