VOL XXIV, ISSUE 08

30 April 2023

Industry Scan

  POLICY SCAN                                                                                    

To encourage Delhi govt staffers to use electric vehicles, capital may introduce 5% extra subsidy, free charging.

In a bid to increase the adoption of electric vehicles in the workplace, the Delhi transport department is planning to make a special reference in the Electric Vehicle Policy for government employees under which they will get subsidies and free charging facilities, among others, said officials. According to senior government officials, as of now, there is special mention of subsidies for government employees.

Source: indianexpress.com, April 19, 2023

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         INDUSTRY  SCAN                                                                           

General

Japan to give up to $1.8 billion in subsidies for storage battery, chip projects

Japan will provide as much as $1.8 billion in subsidies for a slate of storage battery and chip-related projects, Industry Minister Yasutoshi Nishimura said on Friday, marking Tokyo’s latest push towards greater supply chain security. The government plans to give up to 184.6 billion yen ($1.38 billion) in subsidies for eight storage battery-related proposals and up to 56.4 billion yen for two semiconductor-related projects, Nishimura told reporters.  Among the proposals that it will subsidize is a plan by automaker Honda and battery maker GS Yuasa to invest about 430 billion yen to boost storage battery production, with the ministry providing up to 158.7 billion yen in subsidies for the project.

Source: https://www.cnbc.com/, April 28, 2023

Why The Global Chip Companies Must Ramp-up Chip Design Talent to Increase Production

Union Minister of State for Electronics & Information Technology (MeitY) Rajeev Chandrasekhar recently told the media that currently, there are 1,20,000 semiconductor design engineers available internationally, which is about 20 percent. There is no secrecy in India’s design potential because the international semiconductor firms such as NVIDIA, Micron, Intel, Samsung Electronics, Applied Materials, and NXP Semiconductors carry out their R&D aspects in India mostly by carefully examining the nation's design human resources. Now, it is a well-known fact that after the coronavirus pandemic along with the supply chain imbalances, Russia-Ukraine war, geopolitical scuffles, semiconductor production slump have forced the world to move in a different direction.

Source: https://circuitdigest.com/, April 26, 2023

How Recent Geopolitics Between China, Taiwan Will Affect Global Semiconductor Production, Explains US Secretary of State

A week back in a media conference, US Secretary of State Antony Blinken has stated that the escalating geopolitical scuffle between China and Taiwan is likely to have an effect on every country on the planet. Between the two nations, the crisis augmented to such a large extent that China carried out a non-stop three day military strike in the island country. Blinken also mentioned that striked in Taiwan are likely to have several security and fiscal complications in the world, but the most powerful impact will be on the production and growth of semiconductors. Chips are now one of the most essential elements of any developed country because they are the most important components of any electronic device.

Source: https://circuitdigest.com/, April 14, 2023

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Information Technology

Large cap Indian Information Technology companies report dismal Q4 earnings

It has been a dismal fourth quarter for the Indian Information Technology companies. All of them struggled as clients cut back on discretionary spending. Three out of the five large cap IT companies have reported a decline in their topline for the quarter ended March 2023. Wipro clocked in a revenue decline of 0.6 percent on a quarter on quarter basis but the bigger miss was in their June quarter guidance. They expect Q1FY24 growth to contract by 1 to 3 percent. However, the company has announced a tender buyback of Rs 12,000 crore at a price of Rs 445 per share.

Source: By Reema Tendulkar, https://www.cnbctv18.com/, April 27, 2023

Over 90% of Wipro’s freshers chose lower salary option: CFO Jatin Dalal

 About 92% of Wipro’s new campus hires who were offered a lower salary option in order to fast-track onboarding have accepted the company’s offer, a top executive told ET. Last year, the Bengaluru-based IT major had offered some of its new campus hires four to six-month-long ‘Velocity’ programmes to upgrade their salary packages from the initial offer of Rs 3.5 lakh per annum to Rs 6.5 lakh. However, it later offered some of them the option to choose the original package of Rs 3.5 lakh for faster onboarding in February.

Source: By Sai Ishwarbharath, https://economictimes.indiatimes.com/, APril 29, 2023

Microsoft to hire 100K young women for cybersecurity team by 2025

Microsoft has said that it is initiating new partnerships under its Ready4Cybersecurity programme in Asia to skill and certify 1,00,000 young women and underrepresented youths in cybersecurity by 2025. This is the second year of the Ready4Cybersecurity programme and the stated that the new partnerships will enhance opportunities for employment in cybersecurity, fill the talent gap, and build a diverse cybersecurity workforce. Given that women will make up only 25 per cent of the cybersecurity workforce globally, and the opportunity for women to work in cyber security is enormous, as per the company.

Source: https://www.indiatvnews.com/, April 28, 2023

Have Good IT Skills? These Sectors Want To Hire As Tech Adoption Creates More Jobs

Despite the ongoing turmoil in the global IT sector, and the muted outlook from the IT industry within the country, technology adoption by other industries across sectors has resulted in the creation of new job opportunities and an increase in the demand for skilled tech professionals in the services sector, said a new report. Several service industries have seen the IT function emerge as the most sought-after profile, according to the TeamLease Services Employment Outlook Report for the April to June quarter. Manufacturing, on the other hand, has seen a spike in demand for marketing profiles. Nearly 78% of employers in the services sector and 56% of employers in the Manufacturing, Engineering and Infrastructure sector have expressed an intent to hire for IT skills and marketing roles, respectively.

Source: https://www.news18.com/, April 28, 2023

New IT rules dont seem to protect parody or satire, says HC

The Bombay High Court on Monday said the Information Technology (IT) Amendment Rules, 2023 does not seem to offer protection to fair criticism of the government through parody or satire. A division bench of justices Gautam Patel and Neela Gokhale was hearing a plea by political satirist Kunal Kamra challenging the constitutional validity of the IT (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules, 2023 calling them “arbitrary, violating fundamental rights of speech and expression and vague.” The Ministry of Electronics and Information Technology had filed an affidavit stating the Central government will only direct removal of false or misleading information pertaining to government policies and programmes as false news travelled six times faster than truth.

Source: https://www.thehindu.com/, April 24, 2023

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Telecom

Vodafone Idea surges 6% on Emirates Telecom stake boost for Vodafone Plc

The share price of Vodafone Idea, India's third-largest telecom company, gained 6 percent on April 26 after Emirates Telecommunications Group Co (e&) increased its stake in Vodafone Group Plc, the holding company of Vodafone Idea, from 14 percent to 14.6 percent. As of December 2022, the promoters held around 75 percent in Vodafone Idea, with Vodafone Plc holding 48 percent and the Aditya Birla Group holding 27 percent. According to e&, it has received regulatory approval to raise its stake in Vodafone Plc to 15 percent. The company has explored potential investment in Vodafone's African business, Vodacom Group Ltd, media reports said. The Emirati company is also discussing revamping the board with the British telecom group. 

Source: By SUCHITRA MANDAL, https://www.moneycontrol.com/, April 26, 2023 

Indus Towers pushes Vi to clear dues, may not allow any new payment plan

Indus Towers is now pushing Vodafone Idea (Vi) to clear its past outstanding and has ruled out any further relaxation in the payment plan that was thrashed out earlier this year with its key, cash-strapped Telco customer. At its fiscal fourth quarter earnings call Thursday, Indus’ top management said that while Vi has started clearing 90-100% of current dues, the tower company is closely monitoring the telco’s payment patterns and its funding situation to recover its accumulated past dues as per the agreed schedule. 

Source: By Kalyan Parbat, https://economictimes.indiatimes.com/, April 28, 2023 

American Tower Corp Explores Options for its Indian Unit

American Tower Corp (ATC) is reportedly considering a sale of its wholly owned Indian unit, ATC Telecom Infrastructure Pvt Ltd (ATC TIPL), after its efforts to sell a 50% stake failed to attract any buyers. The tower company is said to be open to selling a majority stake or even 100% ownership and exiting the country. According to an ET report, ATC has re-engaged with Canada’s Brookfield, which is evaluating a full buyout and has held separate discussions with US infrastructure fund Stonepeak Partners. It has also approached Macquarie and KKR & Co through its advisors, although discussions with the latter two are believed to have been lukewarm. Stonepeak, with $55 billion of assets under management, has no presence in India, but it is a stakeholder in ATC’s US data-centre business.  

Source: https://telecomtalk.info/, April 27, 2023 

DoT Refuses to Reduce Levies, Citing Potential Revenue Loss: Report

The Department of Telecommunications (DoT) has refused to reduce the licence fees of telecom operators, dismissing repeated calls from the industry and suggestions from the Telecom Regulatory Authority of India (TRAI). According to officials, the department has informed the industry that it has already taken many steps, and a lot has already been done to support the sector, and reducing levies will lead to a loss for the exchequer, ET reported. The DoT has also turned down the TRAI's recommendation to reduce the universal services obligation (USO) levy to 3% from 5%, claiming that this would result in a revenue loss.  

Source: https://telecomtalk.info/, April 28, 2023

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EV’s & Auto Electronics

Rising Demand for Electric Vehicles Fuels 35% Sales Growth Forecast in 2023

Over 10 million electric cars were sold globally in 2022, and the sales are anticipated to increase by 35% this year, reaching a total of 14 million, finds a report by the International Energy Agency (IEA). The report finds that this year, there will be another record-breaking surge in global sales of electric cars, resulting in a larger share of the overall car market. This growth has led to an increase in the electric cars’ market share from about 4% in 2020 to 14% in 2022, and it is expected to rise to 18% this year, according to the IEA projections. IEA Executive Director Fatih Birol said electric vehicles (EV) are revolutionizing the automobile manufacturing industry worldwide.

Source: https://www.mercomindia.com/, April 27, 2023

There's a case for small electric cars on Indian streets

I recently asked a senior executive at a leading SUV maker in India for an opinion on a tiny two-door electric car that has just been launched in the country. “In India, people are very conscious of their status. Do you think you will ever take this small car to a wedding in your family, with your mom and dad packed away in the back seats, and awkwardly get out of a two-door car in front of your relatives?" If I was being honest with myself, probably not. Most certainly not. And a small electric micro-car, smaller even than a Tata Nano, isn’t meant for that purpose either—you don’t pack away your family of four in a car like that to attend a wedding or go out of town.

Source: By Alisha Sachdev, https://www.livemint.com/, April 27, 2023

Shift to electric cars gives design centers a new look, too

In an effort to make electric vehicles more affordable, last year’s Inflation Reduction Act included tax credits that give U.S. automakers like General Motors and Tesla an advantage over foreign competitors. A total of $135 billion in government funds will be directed to vehicle electrification and new factories. As they accelerate their shift to electric vehicles, automakers will also need new facilities like design and development sites. But the industry faces challenges, including rising costs for materials.

Source: By Patrick Sisson, New York Times, https://economictimes.indiatimes.com/, April 27, 2023

Japan's Honda outlines global strategy for electric cars

Honda is gearing up for an electrification shift in North America with two models developed with General Motors going on sale next year and a bigger EV with a new platform in 2025, a year earlier than initially announced. "We believe that the value society places on being kind to the environment will only build in momentum," President Toshihiro Mibe said Wednesday in announcing a sprawling set of initiatives intended to put Honda on the global EV map. Mibe told reporters Tokyo-based Honda will forge ahead on investments and partnerships to realise such goals.

Source: https://economictimes.indiatimes.com/, April 26, 2023

Odisha amends electric vehicle policy, hikes two-wheeler subsidy to Rs 20k

Odisha government on Wednesday amended the Electric Vehicle Policy-2021 by increasing the subsidy on the purchase of two-wheeler, three-wheeler and four-wheeler vehicles substantially. The State Transport Department informed this through a notification. The maximum subsidy the State will provide on the purchase of electricity-powered two-wheelers is Rs 20,000. Similarly, Rs 30,000 will be provided for three-wheelers and Rs 1.5 lakh subsidy will be provided for four-wheelers. The Odisha government had brought the "Odisha Electric Vehicle Policy, 2021" with a targeted adoption of 20% electric vehicles by the end of 2025 as a measure to reduce vehicular pollution.

Source: By MRUNAL MANMAY DASH, https://odishatv.in/, April 26, 2023

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Defence & Solar

Army to test niche-technologies, modernise its online networks

The Army on Thursday said it has decided to operationalise command cyber operations and support wings as part of an overall approach to absorb niche technologies and modernise its online networks. The decision to have dedicated cyber operations wings was taken at the Army Commanders Conference that took place from April 17 to 21. With rapid migration towards net centricity, which entails an increased reliance on modern communication systems, the Army commanders reviewed the requirement to safeguard the networks and decided to operationalise Command Cyber Operations and Support Wings (CCOSW) in the immediate future, the Army said. Sources said a large number of niche technology-enabled equipment are being inducted into the Indian Army including swarm drones, loitering weapon systems and ant-drone equipment.

Source: https://www.indiandefensenews.in/, April 28, 2023

 Japanese team reviews lunar polar exploration mission with ISRO 

Even as the Indian Space Research Organisation (ISRO) is gearing up for the launch of the Chandrayaan-3 this year, work on another moon mission involving India and Japan, Lunar Polar Exploration (LUPEX), has been gathering steam in the last few days. The Indo-Japanese LUPEX mission is envisaged to explore the permanently shadowed regions or the dark side of the moon. A team from Japan Aerospace Exploration Agency (JAXA) is in India and meeting with ISRO scientists and engineers involved in the LUPEX mission. The status of ISRO’s instruments on the rover was also shared and the future coordination policy was confirmed,” Lunar Polar Exploration@JAXA（LUPEX) tweeted.

Source: https://www.indiandefensenews.in/, April 28, 2023

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Consumer Electronics

India Smartphone Market Records Highest Ever Q1 Decline of 19%, 5G Smartphones Contribution at 43%

India’s smartphone shipments declined 19% YoY in Q1 2023 (January-March) to reach over 31 million units, according to the latest research from Counterpoint’s Market Monitor service. This was the highest ever Q1 decline seen by India’s smartphone market, besides being the third consecutive quarterly decline. Sluggish demand, high inventory build-up carried over from 2022, growing consumer preference for refurbished phones and pessimistic channel view of the market contributed to this decline. The quarter’s silver lining came from 5G smartphones, whose contribution (43%) crossed 40% for the first time, registering 23% YoY growth as consumers kept upgrading to 5G devices. Channel players are now focussing on getting rid of existing inventory instead of creating a fresh inventory of new models. It is crucial for OEMs to align their strategies with changed consumer and market dynamics.

Source: By SHILPI JAIN, https://www.counterpointresearch.com/, April 27, 2023

3M to lay off 6,000 employees globally as demand woes hit growth: Report

3M Co will cut about 6,000 positions globally in a second round of lay-offs this year, as the U.S. industrial conglomerate looks to rein in costs amid waning demand for consumer electronics. The diversified manufacturer said on Tuesday it will shift its focus to high-growth businesses, including automotive electrification and home improvement, and prioritize emerging growth areas such as climate technology and next-generation consumer electronics. The job-cut decision comes as an uncertain economy along with rising interest rates and stubbornly high inflation forces corporate America to get leaner in recent months.

Source: https://www.indiatoday.in/, April 26, 2023

LG Electronics Q1 profit down 23% at 1.49 trn on dampened consumer demand

LG Electronics on Thursday said its operating profit for the January-March period declined 23 per cent from a year earlier amid the on-going macroeconomic woes that dampened consumer demand. The South Korean tech company posted a first-quarter operating profit of 1.49 trillion won ($1.1 billion), down 22.9 per cent from a year earlier but 20.6 per cent higher than the average estimate by Yonhap Infomax, the financial data firm of Yonhap News Agency. Sales decreased 2.6 per cent to 20.41 trillion won. Net profit came to 546.5 billion won, down 61 per cent from a year earlier. LG's quarterly operating profit has actually risen from a year ago, considering the 80 billion-won one-off gains from patent licenses that the tech firm made in the first quarter of last year.

Source: https://www.business-standard.com/, April 26, 2023

Earnings for Samsung Electronics fall to the lowest level in 14 years

In a statement, the South Korean firm, which is among the biggest producers of memory chips and cellphones worldwide, reported a 95 percent decrease in operating profit to 640 billion won ($478.6 million). First-quarter revenues decreased 18% to 63.75 trillion won, and the company’s net income dropped 86.1 percent to 1.57 trillion won. In light of the unsteady global socioeconomic situation, the corporation reported that “overall consumer spending slowed down.” Along with memory chip demand slowing, Samsung pointed the finger at declining chip prices, which typically account for approximately half of the company’s profits.

Source: By https://www.businessoutreach.in/, APril 27, 2023

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EMSIF

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

How insurance companies aim to unlock untouched, hesitant msme sector

For Indian micro, small and medium enterprises (MSMEs), buying insurance is often perceived as an unwanted expense, a burden they avoid bearing. And the number speaks for themselves. Nearly 85% of MSMEs are uninsured, although they are particularly vulnerable to business risks. According to Ankit Agrawal, CEO and Co-founder of InsuranceDekho, the potential market size for SME insurance in India is significant. Recently, InsuranceDekho acquired Verak—a Mumbai-based SME insurance provider. Indian MSMEs are reluctant to adopt insurance coverage voluntarily, primarily due to a lack of awareness about the benefits, says Saket Dalmia, President, PHD Chamber of Commerce and Industry.

Source: By Palak Agarwal, https://yourstory.com/, April 25, 2023

UK Based Tide launches first cross-border MSME exchange programme in India

United Kingdom (UK) based leading business financial platform Tide kicked off an exchange programme in India on Tuesday with the aim to globalise entrepreneurship which will help to grow UK business in India and Indian business in the UK. On the exchange programme, British High Commissioner to India, Alex Ellis said that it will boost businesses as well as the creation of jobs. "Prime Minister Rishi Sunak and Prime Minister Narendra Modi have reiterated the huge opportunities that closer trade and investment ties offer to British and Indian businesses and consumers. Our investment relationship already supports nearly half a million jobs in each other's economies. Creating direct linkages between growing businesses from both countries will take us further.

Source: https://www.devdiscourse.com/, April 25, 2023

Economists see MSME sector to be worth Rs 1 trillion by 2028

Investing in digital infrastructure and the services industry is crucial for India's future growth, according to Subhash Chandra Garg, Former Secretary, Government of India. Speaking at the seminar on Growth Prospects of Indian Economy 2023-24 organised by PHD Chamber of Commerce and Industry (PHDCCI) on 12 April 2023, Garg highlighted the importance of being realistic about the potential for higher growth through industrialisation. Garg emphasised three areas with significant growth opportunities, namely physical infrastructure, digital infrastructure, and the services industry.

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

Govt purchases from MSMEs record an all time high in FY23: Official Data

In the fiscal year 2022–2023, purchases by government organizations from micro and small enterprises reached a record high. According to the official data, Central Public Sector Enterprises (CPSEs) purchased goods and services from 2.16 lakh MSEs for a total of Rs 58,429 crore during FY23, an increase of 9.3% from the Rs 53,423 crore in purchases made from 2.25 lakh MSEs during FY22. According to the Public Procurement Policy for MSEs, Order 2012, it is required that central ministries or enterprises purchase a minimum of 25% of their annual total from MSMEs.

Source: https://bfsi.economictimes.indiatimes.com/, April 24, 2023

MSME sector’s revenues likely to cross pre-pandemic levels in 2023-24: RBI Bulletin

India’s MSME sector recovering from the Covid impact is likely to grow past the pre-Covid period in revenues this fiscal, according to the Reserve Bank of India’s (RBI) latest monthly bulletin. “The MSME sector is on a path of recovery with revenues likely to cross pre-pandemic levels in 2023-24, except for export-oriented sectors affected by global headwinds,” said an article by multiple authors including RBI’s Deputy Governor Michael Debabrata Patra and Deba Prasad Rath, Principal Adviser at the central bank’s Department of Economic Policy and Research in the April bulletin. Earlier this year, the Economic Survey 2022-23 had also highlighted MSMEs’ recovery as reflected in the GST data.

Source: By Sandeep Soni, https://www.financialexpress.com/, April 23, 2023

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ELCINA EVENTS , ACTIVITIES & SERVICES 

3rd Electronics Supply Chain Summit | 28th April, 2023 | Noida

Electronic goods have expanded its share rapidly in India’s Trade basket becoming the sixth largest commodity group in India’s goods exports in 2022-23 and had a share of more than 5 per cent in total merchandise exports. Exports of electronic goods from India jumped 50 per cent in 2022-23―from $15.66 billion the previous year to $23.57 billion. This growth of US$ 8.24 Bn accounted for 33% of the total exports growth of US$ 25 Bn during the year.

Shri. Sanjay Agarwal, President, ELCINA said "A robust supply chain is essential for the growth and success of the electronics industry in India. It helps to meet customer demand, reduce costs, and drive innovation in the sector. With the launch of the 'Atmanirbhar Bharat' initiative, India is focusing on building a self-reliant and robust supply chain that can support the growth of the electronics industry. This includes reducing dependence on imports, increasing local manufacturing, and promoting the development of domestic suppliers and vendors. By strengthening the supply chain in the electronics industry, India can become a leading player in the global market and achieve its goal of self-reliance".

Shri S. K. Marwaha, Scientist G and Group Coordinator, MeitY participated as Guest of Honour during the Inaugural Session and shared highlights about the  “advanced Eco-system being established by the Government for enhancing Electronics manufacturing growth and higher value addition. In order to position India as a global hub for ESDM and push further the vision of the National Policy on Electronics (NPE) 2019, special Schemes like SPECS, PLI, DLI were being rolled out with very large budgetary support which would amount to over US$ 20 Bn over next 5-6 years”. The Semiconductor Promotion Scheme itself had budgeted almost US$ 10 Bn”, Shri Marwah said.

Smt. Asha Nangia, Scientist G and Group Coordinator, MeitY said “ MeitY has extended the scheme for the promotion of electronics components and semiconductor (SPECS) by a year,the extension will boost local electronics manufacturing. Also MeitY is working on SPECS 2.0 for further growth on the electronics component ecosystem”.

Shri.  Atul B Lall, Sr VP, ELCINA and MD & Vice Chairman, Dixon Technologies India Ltd.  delivered the Keynote address and stated that “finance was a key element in electronics manufacturing and in recent years, large venture funds and investors had expressed confidence and optimism about the future of the ESDM sector. Finance was no longer a constraint and we had to focus on ensuring profitability and revenue linked support to manufacturers who were competing in the highly competitive global markets.” Mr Lall further added, “We are thrilled with the success of our 3^rdElectronics Supply Chain Summit which demonstrated the importance of collaboration and innovation in driving progress and growth in the electronics industry.”

A few industry leaders among the notable speakers at the Summit were Mr.Vinod Sharma – MD Deki Electronics, Dr RajKumar Upadhyay CEO C-DOT, Mr Amrit Manwani Chairman Sahasra Group,Mr Rajiv Ganju, Luminous Power, Dr Ashwini Agarwal, Applied Materials, Dr Rijjin John – CEO Coe IIoT, Mr. Richard Puthota, MD, MacDermid AlphaElectronics Solution,Mr. Pankaj GulatiSr. VP & COO Continental Device India Ltd., Mr. M A Johar, President - CP Plus, and various other prominent industry leaders.

Mr Rajoo Goel, Secretary General, ELCINA apprised participants that  “ELCINA had recommended for allocation of a US$ 10 Bn fund for promotion of Investments in Components manufacturing; US$ 2 Bn for Capital Subsidy through SPECS and US$ 8 Bn for Production Linked Incentives. Without such a mega push with schemes which were formulated specially to support large investments in components, this critical sector would not grow to achieve global scale and self-reliance”.

Mr Goel also “informed the industry about Source India- Electronics Supply Chain Portal (www.source india-electronics.com) launched by ELCINA which is supported by the Ministry of Electronics & IT Govt of India (MeitY). This B2B Portal enables companies to post their products online on which they can receive enquiries and seamlessly connect with global and domestic buyers and support Make in India initiative”.

The summit was attended by over 300 delegates from various companies and organizations in the electronics industry, electrical component manufacturers and semiconductors. 45 exhibitors participated in the event with 14 Buyer companies with over 150 buyer-seller meetings. The event was well attended with participants giving positive feedback.

ELCINA Publications

https://elcina.com/roadmap-for-developing-pcb-eco-system-in-india	Roadmap For Developing PCB Eco-System in India Key Findings Indian PCB market and industry size in terms of domestic production, exports, and imports Growth drivers and challenges (needs & gaps) in the Indian PCB industry Growth potential of PCB manufacturing in India and identify enablers for creating & strengthening the domestic value chain Key inputs required viz. investments, technology, and infra eco-system Details of key PCB value chain players – global and domestic, who can be invited to invest to establish a strong PCB industry
https://elcina.com/ems-task-force-report-on-market-industry-analysis-of-ems-sector-in-india	EMS Task Force Report Key Findings Currently EMS Industry (Contract Manufacturing Services) are valued 832 Bn $ and are projected to grow 1055 Bn by 2025. Domestic electronics manufacturing is estimated at USD 75 Bn of which 39 Bn constitutes EMS value. This is divided into 23.5 Bn domestic Mfg. and USD 15.5 Bn PCBS/Sub-Assembly imports. Further USD 53.5 Bn is finished Electronic Goods imports of which USD 17 Bn is EMS value. Thus total EMS opportunity loss is US$ 32.5 Bn (15.5 +17). The report estimates that EMS production can grow realistically from USD 23.5 Bn today to USD 152 Bn by 2025 at CAGR of 45%. This will meet 75% of the countries EMS requirement of US$ 203 Bn by 2025 against a total estimated market of 400 Bn.
https://elcina.com/elcina-task-force-report-on-electronic-components	ELCINA Task Force Report on Electronic Components Key Findings Current status of component manufacturing in India – Areas of competence vs Gaps and inadequacies Components which urgently require investments and growth in domestic manufacturing Emerging technology and new components for upcoming opportunities Constraints and bottlenecks to be addressed Overcoming Policy constraints, WTO (ITA-1) deadlock and Zero Duty issue Strategy for overcoming these constraints Eco-System requirements- Role of Central and State Governments
https://elcina.com/elcina-directory-of-indian-electronics-industry	ELCINA Directory of Indian Electronics Industry 2022-23 Description ELCINA Directory of Indian Electronics Industry – includes the updates on Indian Electronics Industry and a host of additional improved features covering business environment, statistical industry scan, company databases plus various projections. This handy compendium with its easy-to-read format attracts the attention of a growing number of users (within India and abroad) Apart from electronics industry, the users of this Directory range from financial institutions, commercial banks, FIIs, Consultancy organizations as well as industry promotion institutes across the world….

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