VOL XXII, ISSUE 19

15 October 2022

 TOP

POLICY SCAN                                                                                    

Cabinet approves modifications to semiconductor and display fab schemes

The Union Cabinet on Wednesday approved modifications in the production-linked incentive (PLI) scheme for manufacturing of semiconductor and display manufacturing ecosystem. Last year, the government had announced a $10 billion incentive plan to establish chip and display industries in India with the intent of becoming an electronics manufacturing hub and cut reliance on supplies from China. Under the modified scheme, fiscal support of 50% of project cost for all technology nodes for setting up of semiconductor fabs in India will be provided by the government. Fiscal support of 50% of project cost will be provided for setting up of display fabs as well.

Source: https://www.livemint.com/

DoT summons mobile device makers, telecom companies to push 5G updates

The Department of Telecommunications (DoT) has summoned mobile device makers and telecom companies on Wednesday, following complaints from the latter that phone-manufacturing companies have not released their updated software patches, over the air that allow users of 5G-enabled phones access the recently rolled-out service. According to telecom companies, customers with 5G phones are not getting the service on their phones, even though they have 5G is available in select cities, such as Delhi, Mumbai, Kolkata, Chennai, and Varanasi. Smartphone makers, on the other hand, have hit back at telcos, saying though they announced the launch of 5G in the week of Dusshera, there are only a handful of 5G towers. According to device makers, telcos are unfairly blaming them for the problem; one telco in Delhi, they say, has only a few 5G towers with very limited coverage.

Source: https://www.business-standard.com/article/companies/dot-summons-mobile-device-makers-telecom-companies-to-push-5g-updates-122101101133_1.html

INDUSTRY  SCAN                                                                           

General

 TOP

India wants UK trade pact to boost services

The government is unlikely to agree to major tariff concessions, including on Scotch and automobiles, without getting a matching deal on services under the proposed bilateral trade agreement with the UK. Given that tariffs are low in the UK, the only major concession that India can hope to get on the services front is easier access and a liberal visa regime for its students and professionals, something it managed to get with Australia under the interim trade deal or Economic Cooperation and Trade Agreement. “FTAs to be entered into after thorough consultation with all stakeholders, including industry, and the government will not diverge from this approach for the sake of deadlines,” the minister was quoted as saying in an official statement.

(TOI, Oct 08, 2022)

Croma to be official electronics partner for Jamshedpur FC

Croma, leading omni-channel electronics retailer from the Tata Group, announced its partnership with Jamshedpur FC for the upcoming Hero Indian Super League season. Croma will be exclusive electronics sponsor for Jamshedpur FC team for the upcoming ISL season starting from October 7, 2022, to March 20, 2023. Jamshedpur FC CEO, Mukul Choudhari was ecstatic to have Croma associated with the club, as he said, “We take immense pride in having India's first large format specialist Electronics retail store as our partners for the upcoming season. We look forward to working closely with Croma to develop new ideas and engaging projects focused on football fans in Jharkhand as well as interacting with the wider football community in India.”

(The Pioneer, Oct 09, 2022)

 VVDN to manufacture Intel based products in India

Gurugram-based engineering and contract manufacturing firm VVDN Technologies has signed a memorandum of understanding (MoU) with US chipmaker Intel to manufacture enterprise grade products for companies in India. While Intel will offer its chips and reference designs, VVDN will develop and build a range of products that include 5G radios and connected internet of things (IoT) sensors for the telecom sector, artificial intelligence (AI) and machine learning (ML)-based connected surveillance cameras, and more. The manufacturing MoU with VVDN will cater to data centres and telecom infrastructure, and would be used by enterprises for deployment of 5G connectivity, cloud services and other sectors.

Source: https://www.business-standard.com/article/companies/vvdn-signs-deal-to-make-intel-products-for-telecom-networking-in-india-122101200787_1.html#:~:text=Intel%20signed%20on%20Wednesday%20a,a%20manufacturing%20facility%20in%20India.

Electronics Mart India IPO opens GMP rises

Electronics Mart India Ltd’s (EMIL) Rs 500 crore-IPO will open for public subscription on Tuesday (4 October) and will conclude on 7 October. The price band for the issue has been fixed at Rs 56-59 per share. Ahead of the IPO opening, Electronics Mart India shares were commanding a grey market premium (GMP) of Rs 33 per share. “In terms of valuations, the post-issue P/E works out to 21.8x FY22 EPS (at the upper end of the issue price band) which is low compared to its peer Aditya Vision Ltd. Further, EMIL has better revenue growth (CAGR of 17%) over 2 years, better return on equity and an expansion plan on the cards. Considering all the positive factors, we believe this valuation is at reasonable levels. Thus, we recommend a SUBSCRIBE rating on the issue,” the brokerage said.

(FE, Oct 03, 2022)

TOP

Information Technology

Safe House Tech, Secure Now bundle cyber security solution with insurance; eye 10 lakh subscribers by 2023

Cyber security solution provider for mobile handsets Safehouse Tech (SHT) said it has become the first firm to bundle insurance cover of up to Rs 25,000 with its offerings and eyes 10 lakh subscriptions by end of 2023. Safehouse Tech has collaborated with tech-enabled insurance broker Secure Now to develop a cyber-liability insurance and integrate into its core Bodyguard mobile security application. Safehouse Tech, an Indian Israeli company having over two million Indian users, is present in over 5,000 stores across the country. Bodyguard mobile security application is the flagship product of Safehouse Tech.  Kapil Mehta, Co-founder and CEO of Secure Now Insurance Broker Pvt Ltd, told PTI that the company is eyeing 10 lakh subscribers by 2023. Mehta said, "We would definitely get the first mover advantage and hope to get 10,00,000 subscribers for this bundled service by the end of 2023.". 

(ET, Oct 07, 2022)

Best Laptops for Students under Rs 20000 in India 

If you are searching for a laptop under a limited budget, Rs 20000 can be an ideal bargain. The laptops under Rs 20000 meet the user's basic requirements of web browsing, streaming videos, spreadsheets and presentations, and so forth. Ideally, these laptops for students have an Intel Celeron or MediaTek processor, 4Gb RAM and adequate internal storage capacity. And these technical specifications of a laptop are sufficient for everyday tasks. So, below is the table of best laptops for students under Rs 20000 from where you can pick the best one meeting your requirements and needs. We understand that picking a laptop for students under a specific budget can be tricky as well as challenging. Perfect for everyday computing, Lenovo IdeaPad D330 laptop delivers good performance. This laptop is user-friendly and gives you the freedom to use it like a Tablet. It has a lot of features, yet it is compact and a lightweight laptop. It has two cameras and has a decent battery life. 

(ET, Oct 07, 2022)

Cisco Reported to Open Manufacturing Facility in India

Cisco Systems, a U.S. communications giant, will establish a factory in India to create gear. “Cisco is setting up a manufacturing unit to produce equipment and hardware locally and to build a supply chain for markets,” an anonymous source told The Economic Times. In order to create 2G, 4G, and 5G O-RAN for its OpenBeam portfolio in India that is appropriate for Indian and international bandwidths, the U.S.-based O-RAN supplier Mavenir has established its production facility in Pune. “The OpenBeam Open RAN radio solutions are available across all frequency bands and can be used for a wide range of use cases, including enterprises and public settings across urban or rural environments,” Mavenir had said in a statement.

Source: https://telecomtalk.info/cisco-is-going-to-establish-a-factory/580641/

TOP

Telecom

Google's new Pixel Watch faces hurdles with economy, no iPhone support

Google's debut smartwatch will go on sale Oct. 13 for $350, the Alphabet Inc unit said on Thursday, taking on a field dominated by Apple Watch at a time when inflation-hammered consumers are shunning all forms of pricey wearables. At $100 more than Apple Inc's lowest-cost model and limited to people with Android phones, the Google Pixel Watch faces enormous obstacles to adoption, market analysts say. Even sales of the Apple Watch have slipped this year as consumers delay purchases or select cheaper rivals. "The market is not as robust as it once was," said Jitesh Ubrani, a research manager at market intelligence firm IDC, adding that aggressive discounting will be crucial to Google. Google apps already work with watches from companies including Apple, Samsung Electronics Co and Fitbit, which Google bought last year and whose devices are known for tracking personal health. The new round-faced Pixel Watch, made from stainless steel and glass with dozens of wristband options, enables contactless payments, music control and turn-by-turn directions. A model with cellular connectivity costs $50 more. The watches will be sold in the United States and several other countries.  

(ET, Oct 07, 2022)

Samsung Electronics posts first quarterly earnings drop in nearly 3 years on demand slump

Samsung Electronics Co Ltd flagged a worse-than-expected 32% drop in quarterly operating earnings on Friday, as demand for electronic devices and the memory chips that power them shrank due to an economic downturn. The world's largest memory-chip and smartphone maker estimated its profit fell to 10.8 trillion won ($7.67 billion) in July-September - its first year-on-year decline in nearly three years - from 15.8 trillion won a year earlier. The profit was 8.5% below an 11.8 trillion won Smart Estimate from Refinitiv.  Revenue likely rose 3% from the same period a year earlier to 76 trillion won, Samsung said in a short preliminary earnings release. Samsung is due to release detailed earnings on October 27. Samsung's chip profits suffered from plunging memory chip prices due to weakening demand for consumer electronics, hurt by rising inflation, higher interest rates and the impact of Russia's invasion of Ukraine, analysts said. This has led memory chip buyers such as smartphone and PC makers to reduce purchases and use up existing inventory, driving down shipments and ushering in an industry downcycle

(ET, Oct 07, 2022)

AMD revenue warning signals deep chip slump; shares dive 4%;

Chipmaker Advanced Micro Devices Inc on Thursday provided third-quarter revenue estimates that were about a billion dollars less than previously forecast, signaling the chip slump could be much worse than expected. AMD shares dropped 4% in afterhours trading, dragging down shares of Nvidia Corp and Intel Corp by over 2%. "The PC market weakened significantly in the quarter," Chief Executive Officer Lisa Su said in a statement, adding that macroeconomic conditions drove PC demand lower than expected.  Runaway inflation and the reopening of offices and schools have led people to spend less on PCs than they did during lockdowns when many bought computers for work and school as they stayed home during the pandemic. Chipmakers are also under pressure from COVID curbs in key PC market China, while the Ukraine war has worsened supply-chain snarls and dragged demand further. The Philadelphia Semiconductor Index, which tracks prices of major silicon-producing and allied businesses, has fallen 36.4% this year so far, compared to a 41.2% rise in 2021. "I think AMD is showing that nobody is safe from the post-pandemic PC downturn, and those inventory corrections are also impacting the company," said Anshel Sag, chip analyst at Moor Insights & Strategy. "Overall, this looks to be more of a cyclical correction within a single, albeit large, business unit rather than a structural or strategic one." 

(ET, Oct 07, 2022)

TOP

Defence & Solar

BEL to showcase state-of-the-art products during defence expo

The Bharat Electronics Limited (BEL) will showcase state-of-the-art products and systems spanning every domain of its business in the Defence Expo-2022 to be held at Gandhinagar, Gujarat, from October 18-22. The products and systems to be on display during Defexpo-2022 have been clustered as 'Air Defence and Surveillance', 'C4I Systems', 'Artificial Intelligence-based Products', 'Nondefense and Diversification Products' and 'Radar Systems', 'Communication Systems', the BEL said in a statement. It added that the 'Airborne Products and Systems', 'Homeland Security and Cyber Security', 'Futuristic Technologies', 'Missile Systems', 'EO and Laser based Products', 'Outdoor Display Products' and Indian pavilion are the other products it will display. In addition, BEL will also showcase its research and development capabilities by launching or demonstrating some of its new products and technologies.

(ET, Oct 12, 2022)
 

Hartek Solar to build 2 MW floating solar plant

Chandigarh-based Hartek Solar has secured an order to construct a 2 MW floating solar plant at a water reservoir in Chandigarh that supplies water to the entire Chandigarh city.  Hartek Solar, the rooftop solar division of Hartek Group, has landed an order for a 2 MW floating solar plant from Chandigarh Renewal Energy and Science & Technology Promotion Society (CREST). The foundation stone for the project was laid down by President of India Droupadi Murmuru in Chandigarh recently. The 2 MW floating solar plant will be situated at Sector 39 Water Works, which supplies water to the entire Chandigarh city. It is expected to generate 28,00,000 units of electricity per year and help offset 80,000 tonnes of CO2 emission, stated Hartek Solar.

(PV Magazine, Oct 10, 2022)

Contendre Solar unveils 550 W half-cut mono PERC module

Maharashtra-based Contendre Solar has unveiled CG X 144 series mono PERC modules in power outputs ranging from 535 W to 550 W, with power conversion efficiency between 20.7% and 21.3%.  India’s Contendre Solar has unveiled CG X 144 series mono PERC modules, which, it said, are ideal for commercial and industrial rooftop installations as well as ground-mount PV plants. The modules are built with 144 half-cut mono PERC cells based on M10 wafers and multibusbar design. These are available in power outputs ranging from 535 W to 550 W, with power conversion efficiency between 20.7% and 21.3% under standard test conditions. The open-circuit voltage is 49.45 V to 49.90 V, and the short-circuit current is 13.79 A to 14 A. Each panel has dimensions of 2,279×1,134×35 mm and weighs 28 kg. It features a 3.2 mm anti-reflective tempered glass, fluoro polymer-based backsheet, and an anodized aluminum frame. The maximum system voltage is 1,500 V DC. The panel has a Pmax temperature coefficient of -0.35% per degree Celsius, and its operating temperature ranges from -40°C to +85°C.

(PV Magazine, Oct 10, 2022)

India installed 2,520 MW of rooftop solar in the twelve months ending June

India has installed a cumulative rooftop solar capacity of 10,221 MW as of June 30, 2022, with 2,520 MW added during the twelve months ending June 30, 2022. The cumulative installed capacity includes 2,726 MW of commercial, 5,542 MW of industrial, and 1,952 MW of residential PV, according to Bridge To India‘s Solar Rooftop Map 2022 June. The capital expenditure (Capex) model, wherein consumers own the system, accounts for 7,628 MW of the cumulative installations. The balance of installations (2,593 MW) is in Opex (operating expenditure) mode, wherein a third-party company (developer/RESCO) owns, installs, and operates the system at consumer premises.  In the July 2021-June 2022 period, the nation added 2,520 MW of rooftop solar–44% up from 1,748 MW installed in the corresponding twelve months ending June 30, 2021. Residential installations have grown faster than installations in other segments in the last two years.

(PV Magazine, Oct 10, 2022)

Fraunhofer ISE develops direct metallization tech for heterojunction solar cells

Researchers from Germany’s Fraunhofer Institute for Solar Energy Systems (ISE) have developed a technique known as “FlexTrail printing” – a metallization method to print silver-nanoparticle-based front electrodes on busbarless silicon heterojunction (SHJ) solar cells. “Currently, we are working on a FlexTrail parallel print head allowing for fast, reliable, and precise processing of high-efficiency solar cells,” researcher Jörg Schube told pv magazine. “Because of the very low fluid consumption, we expect positive impacts on costs and ecological footprint for PV solutions.” FlexTrail-printing can enable the precise application of media of different viscosities with an extremely precise, minimal structure width. “It is demonstrated that it enables both an effective silver usage, contact uniformity, and low silver consumption,” the scientists said.

(PV Magazine, Oct 10, 2022)

France wants to be India's best partner in defence manufacturing: French envoy Emmanuel Lenain

France wants to be India's "best partner" in boosting its defence manufacturing and has decided to share the best technologies and equipment in sync with the growing "trust" between the two sides, French Ambassador Emmanuel Lenain has said. Without divulging specific details, the envoy said French and Indian companies are working together on "equipment of the future", platforms and engines. "I do not think any country provides India with the same level of technology. The progress is also due to the fact that we recognise that India wants to boost its strategic autonomy, wants to build its industrial base and we want to be India's best partner in this move," he told PTI.  Indo-French strategic ties have been on a major upswing after India inked an inter-governmental agreement with France in September 2016 for the procurement of 36 Rafale jets at a cost of around Rs 59,000 crore.

The Hindu, Oct 09, 2022)

DPSUs indigenised 72 items before their original timelines: Govt

The defence public sector undertakings (DPSUs) have carried out indigenisation of 72 sub-systems and components much before their original timelines, the defence ministry said on Friday. "Putting Atmanirbhar Bharat on fast track, 72 items out of a total of 214 items mentioned in the first and second positive indigenisation lists (PIL) have been indigenised by DPSUs well before their original indigenisation timelines of December 2023, December 2024 and December 2025," the ministry said. It said the main sub-systems and line replacement units that were indigenised include the magazine fire-fighting system for ships, the steering gear system, pressurised containers for Akash missiles and the prism optical instrument for battle tanks. "Besides these items, some critical components include intermediate castings for helicopters, polychropene rubber bands for submarines and high-pressure regulating valves for ships," the ministry said.

(ET, Oct 07, 2022)

Arming Armenia: India to export missiles, rockets and ammunition

India has signed a significant export order for missiles, rockets and ammunition to Armenia as the Asian nation is engaged in a prolonged border conflict with neighbour Azerbaijan. The government-to-government route was used to sign a number of contracts for the supply of arms and ammunition to Armenia earlier this month. While the value of the contracts has not been revealed, it is estimated that weapons worth over Rs 2,000 crore will be supplied to the country over the coming months. India has been making significant efforts to increase weapons exports, with policy reforms and active support of the government to secure overseas orders. Sources told ET that the order includes the first-ever export of the indigenous Pinaka multi-barrel rocket launchers that are already in service with the Indian Army. The potent weapon has been designed by the Defence Research and Development Organisation (DRDO) and is manufactured by private sector companies in India. The Army has recently placed orders for six additional Pinaka regiments and is testing extended range rockets as well.

(ET, Oct 06, 2022)

IAF inducts indigenously developed Light Combat Helicopter 'Prachand’

The Indian Air Force on Monday inducted the first batch of indigenously developed Light Combat Helicopter (LCH) called Prachand into the IAF inventory at a ceremony in Rajasthan's Jodhpur today. The induction ceremony was led by Defence Minister Rajnath Singh who has played a crucial role in progressing cases for buying indigenous platforms for forces. "The induction of indigenously developed Light Combat Helicopters (LCH) will enhance our capability and will boost defence production. There could not have been a better timing for LCH induction than Navratri and in the land of warriors, Rajasthan," ANI quoted Defence minister Rajnath Singh as saying. Earlier, Singh had tweeted, "the induction of these helicopters will be a big boost to the IAF's combat prowess."  The new chopper getting inducted into the force is capable of aerial combat and will help the force combat slow-moving aircraft, drones and armored columns during conflicts.

(ET, Oct 03, 2022) 

Defence manufacturer Saab to produce Carl-Gustaf M4 weapons system in India

In a significant move, Swedish defence products company Saab today announced that it will manufacture its Carl-Gustaf M4 weapons system in India. It will be the company's first manufacturing facility for the Carl-Gustaf M4 outside Sweden. According to Gorgen Johannson, Senior Vice President at Saab, production of the shoulder-fired weapon having a range of 1,500 metres will start in 2024. However, he declined to provide detail on the investment that the company is likely to make in the facility. The new facility will support its production as well as components for users of the system around the world, the company said in a statement. Saab will also be partnering with Indian sub-suppliers and the systems manufactured in the facility will fully meet the requirements of 'Make in India' programme. Johansson said the facility in India will support the production of the weapon systems for the Indian Armed Forces as well as components for users of the system around the world.  

(ET, Sep 27, 2022)

TOP

Consumer Electronics

Croma to be official electronics partner for Jamshedpur FC

Croma, leading omni-channel electronics retailer from the Tata Group, announced its partnership with Jamshedpur FC for the upcoming Hero Indian Super League season. Croma will be exclusive electronics sponsor for Jamshedpur FC team for the upcoming ISL season starting from October 7, 2022, to March 20, 2023.Speaking on this partnership, Shibashish Roy Chief Business Officer, (eCommerce & Marketing) Croma - Infiniti Retail Ltd said " We are pleased to announce our partnership with Jamshedpur FC. We look forward to working closely with Croma to develop new ideas and engaging projects focused on football fans in Jharkhand as well as interacting with the wider football community in India.”

(The Pioneer, Oct 09, 2022) 

Consumer electronics price sets to rise after festive season

The continued weakness in the rupee against the dollar is set to trigger another round of price increases by consumer electronics makers after the festive season sales conclude. A 5-7% hike in smartphone prices is expected in November or December due to the exchange rate increase. The continued weakness in the rupee against the dollar is set to trigger another round of price increases by consumer electronics makers after the festive season sales conclude. In addition to that the recent hike in dearness allowance by Govt. of India will also work as a catalyst in encouraged buying by customers 

Source: https://www.livemint.com/technology/tech-news/consumer-electronics-prices-set-to-rise-after-festive-season-11665332404155.html

Premium Home appliances sales will drive growth

Demand for premium home appliances and electronics is likely to surge this festival season with goods such as televisions, microwave ovens, vacuum cleaners expected to report strong year-on-year growth, according to data shared by GfK Market Intelligence. The pandemic effect appears to be waning as buying momentum for home appliances and electronics has improved in 2022, more so for premium products, the market researcher said in a note. GfK Market Intelligence Offline Retail Tracking cited data of white goods that led volume growth during the 2021 festival season, which included televisions, microwave ovens, vacuum cleaners and washing machine.

Source: https://www.livemint.com/news/india/premium-home-appliances-to-drive-growth-this-festival-season-11665992288494.html

TOP

MSME

KSUM-backed start-ups to participate in Dubai GITEX expo

The Kerala Startup Mission (KSUM) is sponsoring 40 startups to explore business and investment opportunities by showcasing innovative products, technology skills and sustainable ideas at the four-day GITEX Global 2022 starting in Dubai today. This is the biggest-ever contingent of KSUM-supported startups attending the global event. The startup mission is also the presenting partner for the event.  The participating startups belong from variety of domains such as Edutech, cybersecurity, enterprise tech, agri tech, IoT (Internet of Things), media tech, health tech, fintech etc. The delegation will also attend the ‘India Startups Confluence 2022’ to connect Indian startups with startups from the UAE and the Middle East-based larger ecosystem stakeholders.  “Apart from bagging business and investment opportunities, GITEX Global will offer startups opportunities for scaling up their business. Besides displaying their products and solutions, these ventures will also explore greater expansion and investor connect to the Middle East,” KSUM CEO, Anoop Ambika said. As per reports, KSUM has decided to setup global launch pad for Indian startups in the Middle East to avail of the support and benefits of KSUM activities after incubating them. 

(KNN, Oct 10, 2022)

Land incentives can be growth propellant for toy sector, says TN industry body 

The Toy industry in Tamil Nadu alone is valued at Rs 600 crore and it can further grow if the government provides land at subsidised rates for both manufacturing and warehousing, said Santosh Kumar, President of Tamil Nadu Toy Dealers Association. Kumar noted that state’s toy industry has the potential to generate nearly 30,000 jobs if it received the required support, which would provide a thrust to the sector.  “With a minimal number of toy manufacturers in the state, Chennai and Tuticorin can be ideal destinations for the industry with port connectivity,” he said. Speaking about the industry at the national level, Kumar said that Chennai is somehow a very strong market with its logistics support. But, sadly we do not have the support which every other government provides.  Centre’s efforts to assist the industry through 'Atmanirbhar Bharat' campaign, has helped reduce the import of toys which earlier stood at 90 per cent of products

(KNN, Oct 10, 2022)

IIT Bombay invite applications for B-model competition Eureka!

The Entrepreneurship Cell of IIT Bombay has launched its flagship business-Model competition ‘Eureka!’ with the aim to help startups and people with potential startup ideas become market ready through mentoring, funding, incubation, networking, and many other opportunities. The B-model completion aims to bridge the gap between idea and enterprise and make the journey between the two seamless. This year’s addition is expected to have over 15000 entries, a cash prize of more than INR 65L and incentives worth INR 50L+ in the form of AWS Credits, and free subscription to services like Canva, Fresh works, Autodesk etc.  The event is being organized in association with Piramal Finance, Web Engage, Arcana, AWS Activate, Chiratae Ventures, Enlightenvc. online, Avaada, Shiru Start-up, and We Founder Circle. The registration process for start-ups is now open. They can register at ecell.in/eureka. This year the competition will have 7 tracks. Those include the Yes Bank Business Track, Yes Bank Business Track, QED Investors FinTech Track, Union Bank Social Track, BPCL Energy Track, Komet Web3.0 and Blockchain track, and Westridge Capital Pan-IIT Track.

(KNN, Oct 10, 2022)

Commerce Minister Piyush Goyal exhorts SMEs to consider dual listing

To increase capital raising options small businesses must think about dual listing one on BSE’s SME platform and also on Gift City in Gandhinagar, said Union Commerce and Industry Minister Piyush Goyal on Monday. He was speaking at an event to acknowledge the 400th listing on the BSE’s SME platform, reported Financial Express. “Possibly you can look at the International Financial Services Centre at the Gift City. We also need to see whether we can encourage some of these companies to explore getting listed through the Gift City platform or a dual listing between Mumbai and the Gift City,” he said. The Minister said that dual listing will help tap into domestic capital and also the international funds.   He urged BSE to try and get foreign institutional investors and sovereign wealth funds participate in this exchange. Emphasising on SME platform’s potential, the Minister said we need to get more domestic investors in and also sensitise international investors. About 150 small companies which were first listed on the SME platform have moved to trade on the main platform now 

(KNN, Oct 10, 2022)

CPCB proposes subsidy for pellet manufacturers to promote green fuel

Central Pollution Control Board (CPCB) is planning to provide subsidy to biomass pellets manufacturers to encourage sustainable fuel. To promote pellet manufacturing the board has planned a fund of Rs 50 crore to be provided as subsidy to manufacturers in Punjab, Haryana, Rajasthan, Uttar Pradesh and Delhi.   Initially the Power Ministry had suggested the use of 5 per cent to 10 per cent biomass as co-firing in coal-fired thermal power plants. But due to the scarcity of pellet manufacturers and power plants not preferring the use of biomass as fuel because of short supply there was not much progress.  This strategy aims to resolve the problem of crop residue burning, especially after paddy harvesting at the beginning of winter, when air quality deteriorates in the NCR.  Hence to ease pollution the government wants to promote the use of green fuel.

(KNN, Oct 10, 2022)

TOP ELCINA EVENTS , ACTIVITIES & SERVICES    For more information, please contact : Rajesh Rawat – 9911445890 / rajesh@elcina.com    ---------------------------------------------------------------------------------------------------------------------------------------------------------------------   Glimpses of 23rd India International Security Expo 8th to 10th September 2022 @ Pragati Maidan, New Delhi   The 23rd India International Security Expo 2022 (IISE) was scheduled from 8th to 10th of September 2022 at Hall No 2, Pragati Maidan, New Delhi. Electronic Industries Association of India (ELCINA) joined hands with India Trade Promotion Organisation (ITPO) as its “Partner Association” for 23rd India International Security Expo. ELCINA co-organized conference to highlight industry issues and opportunities. The Conference Theme was “Aatmanirbhar Delivery Oriented Humane Police”.   Shri S.K. Marwaha, Senior Director/ Scientist “G”, Ministry of Electronics & IT (MeitY), Govt. of India was the Honourable Chief Guest of the Show.   Chief Guest Mr. S.K. Marwaha, Senior Director/ Scientist “G”, Ministry of Electronics & IT (MeitY), Govt. of India Inaugural Session Inaugural Session Session I Self Reliance in Homeland Security Equipment & Market Expansion through Exports Session II Emerging threats from emergency and internal subversive elements Q & A Session EXHIBITOR'S STALLS   Glimpses of ELCINA CEO Forum & India PCB Tech Conferences @ electronica India & productronica India 2022 India Expo Mart, Greater Noida, Uttar Pradesh CEO Forum “Shifting from Assembly to Deep Manufacturing – Building A USD 300 Billion ESDM Industry by 2026” 21st September, 2022 @ Hall No. 10, India Expo Mart, Greater Noida, Uttar Pradesh                    Inaugural Session Mr. Sanjay Agarwal, President ELCINA & MD, Globe Capacitors Ltd. Inaugration of electronia-productronica 2022 Show Mr. Vinod Sharma, Past President ELCINA &  Managing Director, Deki Electronics Ltd. Mr. Sasikumar Gendham, MD Salcomp Manufacturing   Release of 35th Edition of ELCINA Member Directory     Panel Discussion I - Building Semiconductors- The Missing Link in the Indian Electronics Eco-System in India Session Moderator: Mr Surinder Singh Ex-Director, Semiconductor Mr. Pankaj Gulati, Past President ELCINA & COO, CDIL Mr. Pranav Komerwar, CEO, India, Electronics Display and Semiconductor Business, Vedanta Limited. Mr. Srinivas Satya, Country President and MD, Applied Materials India   Panel Discussion II - Value Added Electronics Manufacturing – Significance of Components, Raw Materials & EMS Session Moderator: Mr Amrit Manwani, Chairman, ESSCI, Past President, ELCINA & CMD, Sahasra Electronics Dr. Sreeram Srinivasan, CEO Syrma SGS Technology Ltd. Dr. Girish Vaze, MD & Chairman Elcom International Pvt. Ltd.   Mr. Gagan Bansal, President (Sales) TDK India Pvt. Limited.   ELCINA signs MoU with Andhra Pradesh Electronics & Information Technology Agency (APEITA) and announces its AP Chapter @ CEO Forum during Electronica India –productronica India 2022       India PCB Tech “Roadmap for Developing PCB Eco-System in India – Vital for an Aatmanirbhar ESDM Sector” 22nd September 2022 @ Hall No. 10, India Expo Mart, Greater Noida, Uttar Pradesh   Shri Amitesh Kumar Sinha, IRAS, Joint Secretary Ministry of Electronics and Information Technology (MeitY) Shri Sanjay Kumar Das, WBCS (Executive), JS, Dept. of Information Technology & Electronics, Government of West Bengal Inauguration of India PCB Tech Conference 2022 Launch of  ELCINA's Comprehensive Report on “Roadmap for Developing PCB-Eco System in India”  by the Chief Guest & Guest of Honour   Panel Discussion I: PCB Industry & Supply Chain in India Session Moderator - Mr. Neeraj Pandita Founder, VIIN Solutions Pvt Ltd Mr. Richard Puthota, ELCINA EC Member & Sr. Director, MacDermid Alpha Electronics Solutions Mr. Varun Manwani Director Sahasra Group and CEO Infopower Technologies Private Limited Mr. Anuraag Dhoot Managing Director, Epitome Components Pvt. Ltd. Panel Discussion II - Trends and Standards in Printed Circuit Technology Session Moderator - Mr. M. Thiyagarajan, President, IPCA & CEO, Nuline Technologies Mr. Rajneesh Garg – Vice President, IPCA & MD, India Circuits Pvt Ltd Mr. Joy Thomas, Dy. Director & Global Segment Manager for Factory Automation Software (Electronics) Applied Materials India Mr. Saurabh Saxena, IPC India – Head of Standards Eminent Speakers     Glimpses of ELCINA Awards 2021-22 47th Annual Award Presentation Ceremony 20th September 2022 @ EROS Hotel, New Delhi Chief Guest : Mr. Hans Raj Verma, IAS, Chairman & MD, The Tamil Nadu Industrial Investment Corporation Limited. (TIIC) Chief Guest : Shri Sanjay Rakesh Managing Director & CEO CSC e-Governance, Meity, Government of India Electronics Man of the Year Mr. Amrit Manwani Chairman ESSCI & CMD Sahasra Electronics Pvt. Ltd.         TOP   FORTHCOMING EVENTS &  GENERAL INFORMATION       Overseas Shows     Event : TPCA Shows 2022 Organiser : Taiwan Circuit Board Association (TPCA) From : 26-Oct-2022 To : 28-Oct-2022        Venue & City : Nangang Exhibition Center, Taipei, Taiwan Website : https://tw.tpcashow.com/   Event : Taipei International Electronics Show (TAITRONICS) Organiser : TAITRA/ TEEMA From : 26-Oct-2022 To : 28-Oct-2022        Venue & City : Nangang Exhibition Center, Taipei, Taiwan Website : https://www.taitronics.tw/zh-tw/index.html   Event : electronica Munich Organiser : MesseMunchen From : 8-Nov-2022 To : 11-Nov-2022       Venue & City : Munich, Germany Website : https://electronica.de/en/     Note : Since this information is subject to change, especially in view of the spread of the coronavirus, all those interested are advised to ascertain the details from the organisers before making any commitment.   Domestic Shows     Event : electronica India 2022 Organiser : MMI From : 21-September -2022 To : 23-September -2022 City : India Expo Mart, Greater Noida Website : https://electronica-india.com/en/       Event : India Space Congress 2022  Organiser : SATCOM Industry Association of India From : 26th - Oct. 2022 To : 28th - Oct. 2022 City : Hotel Le Meridien, New Delhi Website : https://www.indiaspacecongress.com/   Event : electronica India & productronica India  2023 Organiser : MMI From : 13-September -2023 To : 15-September -2023 City : Bangalore Int'l Exhibition Centre (BIEC), Bengaluru Website : https://electronica-india.com/en/   Event : 12th Source India – Electronics Supply Chain 2023 Organiser : ELCINA From : 24-January -2023 To : 25-January -2023 City : Chennai Trade Centre, Chennai Website : event.sourceindia-electronics.com     Note : Since this information is subject to change, especially in view of the spread of the coronavirus, all those interested are advised to ascertain the details from the organisers before making any commitment.  TOP ELCINA PRODUCT DISPLAY CENTRE at  ELCINA HOUSE The 'ELCINA DISPLAY CENTRE' in ELCINA House is a permanent Display Centre and serves to showcase the Indian electronics industry to visitors. The Display Centre has now 11 Full Stalls and 4 Half/Mini Stalls, presently occupied by the following Member-companies:-       Full Stalls Bharat Electronics Ltd, Bangalore TDK India Pvt. Ltd., Noida Teknik Electromeconic Pvt.Ltd, Bangalore SGS Tekniks Manufacturing Pvt Ltd, Gurgaon Deki Electronics Ltd, Noida EMI Solutions Pvt. Ltd., Bangalore Elin Electronics Ltd, New Delhi Syrma Technology Pvt. Ltd., Chennai AT & S India Pvt.Ltd., Mysore  Half/Mini Stalls 1. Super Mount Pack Pvt. Ltd. Bangalore 2. CTR Mfg. Inds Ltd., Aurangabad   3. Neotec Semiconductor Ltd., Taiwan 4. Sowparnika Thermistors and Hybrids Pvt.Ltd., Thrissur (Kerala)           Two full stalls are currently available at present and interested members may kindly contact ELCINA House, New Delhi (saly@elcina.com) for advance booking of the same. TOP PUBLICATIONS ELCINA EMS Task Force Report: (Launched by Mr. Ajay Sawhney, Secretary, Min. of Electronics & IT) ELCINA constituted a Task Force to study the EMS Sector and come up with a Research Report providing details of the status and prospects of this ESDM segment. The task force had representation from MeitY & Invest India. The EMS Task Force commenced deliberations in July 2020 and concluded the same in November, coming up with valuable details such as the sector's current size, growth potential, exports and policies which impact its progress.  The Task Force findings are compiled in the form of a report. As per report, globally EMS sector was valued at US$ 832 Bn in 2019 and estimated to grow to US$ 1055 Bn by 2025. ELCINA predicts that the Indian EMS industry will gallop from US$ 23.5 Bn in 2019-20 to US$ 152 Bn by 2025. This effectively means that it has the potential to grow from <3% of the global industry to about 14% within 5 years. You may order the same from by following the below link; https://elcina.com/ems-task-force-report-on-market-industry-analysis-of-ems-sector-in-india   “Indian Printed Circuit Board Industry & Market Research Report The evolution of miniaturization and sub-miniaturization in the design of electronic equipment led to the emergence of a new technique of inter-component wiring and assembly known as the printed circuit board (PCB). This technology has now become the backbone of electronic devices. They provide the required mechanical support structure and electrical connect for the circuit. In addition to providing the connectivity, they also help to reduce the overall size and enhance the efficiency of the device. By 2020, the electronics market in India is expected to increase with a CAGR of 25.1 per cent to USD 400 billion from USD 104 billion in 2015 Currently only 35% of this demand is currently being met by local manufacturers. And for the rest 65%, India is still dependent on imports. Hence, PCB- being the backbone of electronics holds a huge demand in India - Current demand of USD 2.01 Billion represents the demand based on the total PCBs (which includes both the bare board PCBs and the populated PCBs) Current market size for bare PCBs is USD 1.2 Billion - Only 30% of this demand for bare PCBs is currently being met by local PCB manufacturers. And for the rest 70%, India. You may order the same from by following the below link; https://elcina.com/an-update-on-the-indian-printed-circuit-board-industry   TOP "Strategic Electronics Market". 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. This Study provides on insight into the Defence Electronics eco-system in India and is a guide, both for the industry as well as the defence establishment to chalk out a path to success in this important sector. You may order the same from by following the below link https://elcina.com/a-study-on-opportunities-and-challenges-in-strategic-electronics-in-aerospace-defence-sector-with-focus-on-msmes             TOP "About ELCINA Investors' Manual" The Electronics and the ESDM market is one of the key identified segments for a rapid growth in line with the overall objectives of the Government of India's Digital India vision. This market currently valued at $ 100 billion is likely to touch $ 280 billion by 2020 at the current exchange rates and is likely to touch $ 400 billion by 2020. Global interest in investing in this industry has never been so high with conducive ESDM policies and the nation preparing itself for a unified taxation regime under the GST. The Government of India through its specific ministry, The Ministry of Electronics and Information Technology (MeitY) has taken us some key steps to boost the Industry through its key objectives:  You may order the same from by following the below link https://elcina.com/investors-manual       TOP  Super Capacitor-Market Landscape Study A Supercapacitor or Ultracapacitor is a charge storage device that stores electrical charges via electrochemical & electrostatic processes and has an unusually high energy density when compared to common capacitors. Due to their beneficial properties like fast charging ability, superior low temperature performance, long service and cycle life, and reliability, Supercapacitors hold the potential to replace or complement traditional batteries and capacitors in several applications. Supercapacitors are already being used world   wide in number of applications ranging from automotive, renewable energy to electronics. For more details you can visit below link: https://elcina.com/super-capacitor-market-landscape-study For enquiries, call Ms.Tandra Majumder, ELCINA HOUSE, 422 Okhla Industrial Estate, Phase III, New Delhi - 110 020. Tel: +91 (011) 41615985, 41011291 Email: tandra@elcina.com  or info@elcina.com TOP A newsletter published by ELCINA, New Delhi. The information contained in this newsletter is for private circulation only. Despite our best efforts, some errors could have crept in. You are advised to verify authenticity of the information before further use. Electronic Industries Association of India (ELCINA ) ELCINA House, 422 Okhla Industrial Estate, Phase-III, New Delhi 110020 (India). E-Mails: info@elcina.com Tel: 011-41615985, 41011291, Website: www.elcina.com