VOL XXVI, ISSUE 08

30 April 2025

Adani Halts Talks With Tower On $10B Chip Venture Over Strategic Doubts

Adani Group has paused its discussions with Israel’s Tower Semiconductor regarding a $10 billion chip manufacturing project in India, citing strategic and commercial concerns, according to a report by The Economic Times. The Indian conglomerate concluded that the current market outlook, particularly within India, does not justify moving forward at this stage. Internal evaluations highlighted uncertainties about domestic semiconductor demand, prompting the decision to halt negotiations. A major point of contention was Tower’s financial contribution. While Tower was expected to provide technical expertise, Adani sought a greater monetary stake in the partnership. This lack of alignment led to the suspension of talks, although the report cited sources who indicated that discussions could resume in the future. Neither company has issued an official response. The sources requested anonymity, as the matter has not been publicly disclosed. The proposed facility in Maharashtra was approved by the state in September last year and aimed to produce 80,000 wafers monthly and generate around 5000 jobs. It was positioned as a cornerstone of Prime Minister Narendra Modi’s vision to establish India as a global semiconductor hub.

Source: By Shubha Mitra, https://www.electronicsforyou.biz/, 01 May 2025

Optiemus, ASRock Launch India Manufacturing

Optiemus Electronics Ltd. (OEL), a leading Indian electronics manufacturing services (EMS) provider, announced today a strategic manufacturing agreement with ASRock Inc., one of Taiwan’s top four motherboard manufacturers. Under this collaboration, OEL will locally manufacture ASRock’s enterprise and gaming desktop motherboards to meet India’s growing domestic demand. Production commenced in April 2025, with “Made-in-India” ASRock motherboards set to hit the Indian market starting May 2025. This move not only supports the Indian government’s Atmanirbhar Bharat (self-reliant India) initiative but also marks a significant expansion of OEL’s IT hardware manufacturing capabilities. As part of the agreement, both companies have committed to broadening their product offerings in India. ASRock, known globally for its innovative and environmentally conscious motherboard designs, has until now primarily supplied the Indian market through imports. By shifting production to India, the company aims to increase its market presence while supporting local supply chains and reducing lead times.

Source: By Shubha Mitra, https://www.electronicsforyou.biz/, 01 May 2025

  POLICY SCAN                                                                              

1. CBIC Circular No. 14/2025-Customs dated 21st April 2025: CBIC Amends CAROTAR Guidelines to Incorporate “Proof of Origin” in Line with Global Trade Practices

The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 14/2025-Customs to amend the guidelines for implementing the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020).

This follows Notification No. 14/2025-Customs (N.T.) dated 18th March 2025, which replaces the term “Certificate of Origin” with “Proof of Origin” in accordance with the amended Section 28DA of the Customs Act, 1962. The change aligns Indian customs procedures with international best practices, emphasizing self-certification, simplified compliance, and trade facilitation.

“Proof of Origin” now includes:

• Certificates issued by designated issuing authorities.

• Self-declarations made by eligible exporters or producers, as permitted under specific trade agreements.

As a result, Circular No. 38/2020-Customs must be read in conjunction with this amendment. The applicable form of origin documentation will continue to depend on the provisions of each relevant trade agreement.

For streamlined verification of Proof of Origin:

• All requests must be routed to the Directorate of International Customs (DIC), New Delhi.

• The FTA Cell at DIC will be responsible for:

   

  • Receiving, uploading, and disseminating specimen signatures and seals of authorized officials from partner countries via the ICES portal;

  • Sharing this information with the Directorate of Revenue Intelligence (DRI) Headquarters.

  • Circulating records to non-EDI Customs locations via email.

Furthermore, the FTA Cell will:

• Develop a Standard Operating Procedure (SOP) to track, update, and verify specimen records; and

• Submit periodic reports to the Board through the International Customs Division.

These changes are effective immediately.

The amendment simplifies origin verification, enables self-certification, aligns with global trade norms, reduces paperwork, centralizes processing via DIC, and strengthens oversight through standardized procedures and improved record management.

For more details, members are advised to refer to the official CBIC website CBIC Circular No. 14/2025-Customs dated 21st April 2025.

2. CBIC Circular No. 15/2025-Customs dated 25th April 2025: Simplification of Air Cargo Movement & Transhipment Procedures

The CBIC has issued Circular No. 15/2025-Customs to implement Budget 2025–26 directives on streamlining air-cargo operations:

• Transshipment Permit Fees Waived: The ₹20 permit fee per transshipment has been abolished by amending the Goods Imported (Conditions of Transshipment) Regulations, 1995 (Notification No. 30/2025-Customs (N.T.) dated 24 April 2025).

• Harmonized ULD Movement: Unit Load Devices (ULDs) may be temporarily imported outside customs areas under a Continuity Bond—mirroring marine container rules (Circular No. 31/2005-Customs).

o    ULDs with or without pre-affixed tracking devices qualify.

o    Tracking devices/data-loggers must bear Unique Identity Numbers (UINs) and comply with BCAS security guidelines.

o    Air carriers/console agents are responsible for proof of re-export within prescribed timelines.

o    Note: Exemption does not cover loose tracking devices not affixed to ULDs.

o    Imports by non-carrier entities continue under Board Circular No. 51/2020-Customs.

• E-Transhipment & National Bond Facility: The All-India National Transhipment Bond (launched 2022) and ICEGATE-enabled e-transhipment eliminate multiple bonds and physical visits to cargo service centres. Airlines, console agents, and air-transhippers are encouraged to adopt these digital facilities.

These measures aim to reduce compliance burdens, expedite clearances, and bolster user-friendliness across all air-cargo operations.

For more details, members are advised to refer to the official CBIC website CBIC Circular No. 15/2025-Customs dated 25^th April 2025.

3. DGFT Public Notice No. 02/2025-26 dated 15 April 2025: Amendment to Appendix 2K: User Charges & Fee Processes under FTP 2023

The Directorate General of Foreign Trade has revised Appendix 2K (Scale of User Charges and Process for Deposit/Refund of Application Fee/Penalty, etc.) under the Foreign Trade Policy 2023, effective immediately. Key changes include:

• New Registration Fee: A ₹500 fee now applies for issuance of Automatic Registration Numbers under Import Monitoring Systems (SIMS / CIMS / NFMIMS / PIMS, etc.).

• Fee Schedule Updates:

• Preferential Certificate of Origin: ₹600
• Advance Authorization / DFIA / EPCG (MSMEs): ₹100 up to ₹1 Cr; ₹5,000 above
• Export License/SCOMET: ₹1,000
• Amendment/Correction in Licenses or Scrips: ₹200
• Review of Committee Decisions: ₹5,000
…and other fees as detailed in the revised table.

• Payment Modes: Online via DGFT’s payment gateway or e-Miscellaneous Payments System (eMPS) using net-banking, cards, UPI, etc.

• Refund & Adjustment: Fees are non-refundable except for overpayments, erroneous deposits, or exempt applicants. Refund claims must be filed within one year; sanction orders remain valid for three months. Adjustment provisions allow reuse of fees when an authorization/scrip is reissued under a corrected scheme.

For more details, members are advised to refer to the official DGFT Website DGFT Public Notice No. 02/2025-26 dated 15^th April 2025 and updated Appendix 2K to ensure compliance with the new fee structure and processes.

4. DGFT Trade Notice No. 02/2025-26 dated 21st April 2025: New “Mode of Export of Services” Field in eBRC Format (Effective 1 May 2025)

The Directorate General of Foreign Trade has updated the Electronic Bank Realisation Certificate (eBRC) format for services exports. Key points:

• New Data Field: From 1^st May 2025, exporters certifying eBRCs linked to Insurance Realisation Mandates (IRMs) must specify the “Mode of Export of Services”.
• Four GATS-Aligned Modes

a)   Cross-Border Supply (Mode 1): Services delivered remotely (e.g., IT, telemedicine)

b)   Consumption Abroad (Mode 2): Foreign consumers travel to India (e.g., tourism, medical treatment)

c)  Commercial Presence (Mode 3): Indian entities establish operations overseas (e.g., bank branches, IT subsidiaries)

d)  Presence of Natural Persons (Mode 4): Indian professionals travel abroad temporarily (e.g., engineers on assignment)

Enhance the granularity and accuracy of India’s services-export statistics and align reporting with WTO–GATS norms.

For further details, members are advised to refer to the official DGFT Website DGFT Trade Notice No. 02/2025-26 dated 21st April 2025.

5. DGFT Trade Notice No. 03/2025-2026, dated 23rd April 2025: DGFT Invites Stakeholder Feedback on Export Policy Amendment for SCOMET Items

The Directorate General of Foreign Trade (DGFT) has issued Trade Notice No. 03/2025-2026, dated 23rd April 2025, inviting inputs on proposed amendments to the Foreign Trade Policy (FTP) 2023 for the export of SCOMET (Special Chemicals, Organisms, Materials, Equipment and Technologies) items.

The amendment pertains to Para 10.08(vi) of FTP 2023 and corresponding provisions in Para 10.13 of the Handbook of Procedures (HBP) and aims to facilitate the temporary export of SCOMET items for “Testing and Evaluation” purposes.

In line with Para 1.07A of FTP 2023, DGFT is seeking suggestions, comments, and feedback from exporters, industry associations, and other stakeholders to ensure the proposed policy changes are comprehensive and industry-aligned.

Deadline for submissions: Within 10 days of the Trade Notice (by 3rd May 2025)
Submit feedback to: scomet-dgft@gov.in

For further details, members are advised to refer to the official DGFT Website DGFT Trade Notice No. 03/2025-2026, dated 23rd April 2025. This is a key opportunity for stakeholders engaged in sensitive technology exports to contribute to a more enabling export framework.

6. RBI Circular No.: FE.CO.Trade.S3212/05.31.042/2024-25  dated 1st  April  2025 : RBI Extends Relaxation for Closure of Small-Value Shipping Bills in EDPMS

The Reserve Bank of India (RBI) has extended the existing relaxation for Authorised Dealer (AD) Category-I banks to close shipping bills up to USD 1,000 (INR equivalent) under the Export Data Processing and Monitoring System (EDPMS) till September 30, 2025.

Key Highlights:

• Extended Validity: The dispensation initially issued on November 28, 2024, will now remain valid till 30th September 2025.

• Conditions for Closure:

  • AD bank must be satisfied with the bona fide nature of the transaction.

  • Export proceeds must have been received.

  • Exporter’s self-declaration may be obtained if required.

  • No KYC/AML/CFT concerns.

  • Exporter should not be under investigation or legal proceedings related to the transaction.

• Export Realisation Reduction: AD banks may allow reduction in export realisation if the full amount could not be recovered despite genuine efforts or due to unavoidable circumstances.

• No Penalty: Banks are advised not to impose penalties for any regulatory delays caused to exporters.

This move is aimed at easing compliance and supporting exporters in clearing older small-value shipping bills efficiently.

For further details, members are advised to refer to the official RBI Website RBI Circular No.: FE.CO.Trade.S3212/05.31.042/2024-25  dated 1^st April 2025.

7. DPIIT Notification No.: S.O. 1815(E) dated 17th April, 2025 : Extension of Exemption for Hermetic Compressors under QCO

The Department for Promotion of Industry and Internal Trade (DPIIT) has issued a new amendment to the Air Conditioner and its related Parts, Hermetic Compressor and Temperature Sensing Controls (Quality Control) Order, 2019.

Key Highlights of the Amendment Order, 2025:

• Hermetic Compressors of capacity up to 2 TR (7000 W) have been exempted from mandatory BIS certification under this QCO for one year from the commencement of the amendment order.

• This exemption is applicable only to manufacturers of air conditioning and refrigeration equipment and related parts, and that too on actual user basis.

• The order came into effect from the date of its publication in the Official Gazette (17th April, 2025).

This is the seventh amendment to the original 2019 QCO, which has been periodically updated to accommodate industry feedback and facilitate smooth compliance.

Previous notifications:

• S.O. 4354(E) dated 5th December 2019 (Original Order)

• Follow-up amendments: 18 May 2020, 22 Dec 2020, 8 Dec 2021, 21 Dec 2022, 2 Jan 2024, 11 Feb 2025

For manufacturers in the air conditioning and refrigeration supply chain, this relaxation offers much-needed breathing room for aligning with BIS standards, especially for low-capacity compressors.

For further details, members are advised to refer to the official DPIIT Website DPIIT Notification No.: S.O. 1815(E) dated 17th April 2025.

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

TOP

         INDUSTRY  SCAN                                                                             

General

Amitesh Kumar Sinha returns as CEO of India Semiconductor Mission (ISM)

Amitesh Kumar Sinha has been reappointed as the chief executive officer (CEO) of the India Semiconductor Mission, marking a key leadership change as the country gears up for the next phase of its semiconductor ambitions. Sinha, who was earlier this month named Additional Secretary at the Ministry of Electronics and Information Technology (MeitY), takes over from Sushil Pal, reentering a role he had previously held during an earlier phase of the mission's development. His return comes at a time when the government is preparing to launch the second phase of the India Semiconductor Mission (ISM), a flagship initiative designed to strengthen the country’s capabilities in semiconductor and display manufacturing. The ISM, which carries a financial outlay of Rs 76,000 crore, aims to establish a robust and sustainable ecosystem for chip design, manufacturing, and packaging within India. The mission is also seen as critical to reducing the country's dependency on imported semiconductors and boosting its competitiveness in the global tech supply chain. Sinha brings with him years of experience in shaping policy for India’s electronics sector. As a joint secretary in MeitY and now as Additional Secretary, he has been instrumental in implementing several policy measures including the production-linked incentive (PLI) schemes for mobile devices, IT hardware, electronic components, and semiconductors.

Source: https://indianstartupnews.com/, April 29, 2025

Pressure-responsive, layered semiconductor shows potential for next-gen data storage

A squishy, layered material that dramatically transforms under pressure could someday help computers store more data with less energy. That's according to a new study by researchers at Washington State University and the University of North Carolina at Charlotte that shows a hybrid zinc telluride-based material can undergo surprising structural changes when squeezed together like a molecular sandwich. Those changes could make it a strong candidate for phase change memory, a type of ultra-fast, long-lasting data storage that works differently than the memory found in today's devices and doesn't need a constant power source. The research was made possible by a X-ray diffraction system that was acquired in 2022. This specialized equipment lets researchers observe tiny structural changes in the material as they happened—all from WSU's Pullman campus. Usually, these kinds of experiments require time at massive national facilities like the Advanced Light Source at Berkeley National Laboratory in California.

Source: By Will Ferguson, https://phys.org/, April 28, 2025

Cabinet Clears ₹22,864 Cr Greenfield High-Speed Corridor from Meghalaya to Assam

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the development, maintenance, and management of a 166.80 km 4-lane Greenfield Access Controlled High-Speed Corridor on National Highway 06. The corridor will span from Mawlyngkhung near Shillong in Meghalaya to Panchgram near Silchar in Assam and will be constructed on Hybrid Annuity Mode (HAM), with a total capital investment of ₹22,864 crore. Of the total stretch, 144.80 km falls in Meghalaya and 22.00 km in Assam. The corridor is expected to significantly improve traffic flow between Guwahati and Silchar, enhancing connectivity to the northeastern states of Tripura, Mizoram, Manipur, and the Barak Valley region of Assam. This will not only reduce travel distance and time but also enhance national logistics efficiency. By boosting connectivity between Assam and Meghalaya, the project is set to drive economic development, especially in Meghalaya’s industrial belts known for cement and coal production. The corridor will also improve access for domestic and international tourists flying into Guwahati, Shillong, and Silchar airports, thereby strengthening tourism across scenic destinations in the North-East.

Source: https://egov.eletsonline.com/, April 30, 2025

Chandigarh Takes Lead in Smart Parking with Approval of 87 Paid Parking Sites and Revised Rates

Chandigarh has reaffirmed its commitment to modern urban infrastructure by advancing its smart parking initiatives. In a significant move, the General House of the Chandigarh Municipal Corporation on Wednesday approved the implementation of smart parking systems across 87 paid parking sites in the city, introducing revised rates and new operational protocols. Under the new framework, both four-wheelers and two-wheelers will benefit from complimentary parking for the first 15 minutes, after which standard parking charges will apply. This initiative not only aims to streamline parking management but also promotes quick turnaround for short-term parking, enhancing convenience for city residents and visitors. The agenda item, tabled before the House, faced no opposition as 18 councillors from the Congress and Aam Aadmi Party boycotted the meeting. Following detailed discussions, the General House passed the resolution, annulling the existing Request for Proposal (RFP). Subsequently, a committee meeting held on April 22, 2025, deliberated on key aspects for drafting a new RFP under the Public-Private Partnership (PPP) model.

Source: https://egov.eletsonline.com/, May 01, 2025

TOP

Information Technology

Wistron picks Shapoorji Pallonji to build laptop plant in Bengaluru

Taiwanese electronics manufacturer Wistron has roped in Shapoorji Pallonji to construct its upcoming laptop manufacturing facility in Bengaluru, which is part of a ₹1,500-crore investment plan, sources told FE. According to informed sources, ICT Service Management Solutions (ICT), a subsidiary of Wistron Corporation, and engineering and construction firm Shapoorji Pallonji have signed a construction contract to develop the laptop manufacturing plant. The construction contract is valued at around $30 million. In February 2024, Wistron, through ICT Service Management Solutions, signed a memorandum of understanding (MoU) with the Karnataka government to invest ₹1,500 crore in setting up a laptop manufacturing plant. Later, the Karnataka government allocated a 32-acre land parcel at the Hi-Tech Defence & Aerospace Park in Devanahalli district, on the outskirts of Bengaluru for the project, which is expected to create employment for 3,000 people and aims to export over 50% of the laptops manufactured at the site. Initially, Wistron had announced a capital outlay of $40 million (₹350 crore) for the factory construction. This was later revised to $50 million (around ₹450 crore) in February. Work on the plant is expected to begin shortly, with laptop production scheduled to commence by January 2026.

Source: https://www.financialexpress.com/, April 10, 2025

Indian apps don't fall far from Apple tree

Revenue generated by Indian developers for Apple's App Store adds an extra layer of engagement for the technology company in the country. Apart from offering a contract manufacturing base for iPhones, the size of the Indian market for ecommerce conducted through mobile handsets should influence Apple's 'China plus one' strategy. The way the US tariff war with China - and, by extension, with other Asian economies reliant on Chinese investments - plays out will shape USA Inc's supply chain restructuring. Apple has been an early mover on this score, and its diversification to India is paying off as US tariffs on China and Vietnam render them unviable as export bases. The app ecosystem in India contributes to market dominance of Apple's iOS and Google's Android, and both companies have rolled out pricing policies to encourage local development. That this has turned into a runaway success, riding on the growth of digital transactions in the country, diluted criticism of predatory pricing on iOS and Android app stores. Revenue from in-app transactions is flowing through to Indian developers relatively unhindered. This strengthens the Apple brand among Indian mobile phone buyers.

Source: https://economictimes.indiatimes.com/, April 28, 2025

K-tech plugs into India to light up electronics

Korean electronic component makers are setting up factories in India for the first time as its large buyer LG Electronics scales up operations in India for exports. Samsung is likely to follow suit, said two persons aware of the company's plans. LG is looking to start exports of televisions, refrigerators and air-conditioners to the Middle East, Africa, Asia Pacific and the US, industry executives said. The company's five Korean component manufacturers will set up manufacturing units near LG's upcoming third plant in Sri City at Andhra Pradesh with a total investment of about '1,200 crore. The Andhra Pradesh government on April 19 approved a special incentive package for four companies. ET has reviewed the copy of the order. The four component manufacturers are Ecorea and Kuroda Electric, Haeng Sung, Kyungsung Precision and Taesung Electronics. The company's proposed Sri City plant will produce refrigerators, ACs, washing machines and TVs. Another component vendor, Mirae Techwin, too has plans to set up a unit in India. LG has indicated plans to export products from India, and if their Korean suppliers avail of the government's production-linked incentive scheme for electronics components which is set to open soon, producing in India will become cost competitive.

Source: By Writankar Mukherjee, https://economictimes.indiatimes.com/, April 25, 2025

  TOP

Consumer Electronics

India Smartphone Shipments Decline 7% YoY in Q1 2025; Premiumization Drives Highest-Ever Q1 Average Selling Price

India’s smartphone shipments in Q1 2025 declined 7% YoY, according to the latest research from Counterpoint’s Monthly India Smartphone Tracker. The market entered 2025 with high inventory levels, which impacted shipments during the first quarter. Besides, there was a 26% YoY drop in the number of new launches. In Q1 2025, India’s smartphone market shifted its focus towards preparing for more sustainable and structured growth. Key brands, dealing with high inventory levels, prioritized clearing excess stock to stabilize operations and set a stronger foundation for the remainder of the year. Despite this inventory adjustment, consumer demand for ultra-premium products remained strong. As a result, the ultra-premium segment (>INR 45,000) saw 15% YoY growth, while the average selling price (ASP) increased at an 11% CAGR post-COVID, highlighting a shift toward premium devices. This continued premiumization trend was further supported by growing affordability and expanding financing options, which made high-end devices accessible to a broader consumer base. However, despite low inflation and government efforts to push spending, consumer sentiment remained cautious, especially in the budget segment.

Source: https://www.counterpointresearch.com/, April 30, 2025

Tariffs May Make Cheap Consumer Electronics A Thing Of The Past

President Trump’s revived tariff policies have placed fresh strain on an already sensitive U.S.-China trade relationship. The proposed tariffs, aimed at reshaping American reliance on Chinese manufacturing, would have significant implications for the world’s largest tech companies, many of which are deeply connected to China’s sprawling manufacturing ecosystem. Tariffs on other Southeast Asian countries are a concern as well, as final assembly of goods often happens in places like Vietnam to bypass higher trade costs with the U.S., even though many core components are manufactured in China. Although electronics have so far been spared the full brunt of the 145% retaliatory tariffs on China, the uncertainty hanging over the supply chain will make it increasingly difficult for companies to plan, price, and deliver consumer products at the scale and speed American consumers expect. Over the last three decades, China has done more than offer cheap labor — it has built a vast, highly specialized manufacturing ecosystem tailored to the demands of modern electronics. Since the 1980s, China’s economic reforms and the creation of Special Economic Zones like Shenzhen — a hub for iPhone manufacturing — have attracted waves of foreign investment. These zones offer tax breaks, modern infrastructure, and regulatory flexibility, making China the go-to destination for labor-intensive manufacturing.

Source: By Steven Dudash, https://www.forbes.com/, April 30, 2025

Apple exports 97.6% of iPhones to US from India amid tariffs: Report

In a bid to preempt higher tariffs on imports from China, Apple's exports to the US from India made up 97.6% of all iPhone exports in March 2025, up from 81.9% in the three months to February 2025, according to a S&P Global Market Intelligence report. S&P said iPhone exports increased 219% in March as Apple ramped up production in India as the tariff announcements, and eventual trade turmoil, loomed large over Apple. The Trump administration announced a 10% base tariff on imports from most countries, and additional reciprocal tariffs on countries it runs a trade deficit with, including China and Vietnam which exports majority of consumer electronics products to the US.With Beijing retaliating against the US action, the reciprocal tariff on China has gone up to 245% for some products. However, consumer electronics items including smartphones and laptops have been exempted from reciprocal tariffs. The Trump administration will announce special tariffs for these products, sometime in May.Following the reprieve, S&P said Apple is planning to replace entirety of its sourcing of iPhone for the US market from mainland China, from India in 2026. The move marks a further scale-up on its bet on the South Asian market as a production hub, despite potential challenges.

Source: By Shubrojit Mallick, https://economictimes.indiatimes.com/, April 30, 2025

LG Electronics IPO to be delayed amid market volatility

South Korean major LG Electronics has delayed the upcoming initial public offering (IPO) for its Indian unit, amid volatility in the local share markets, according to industry insiders. Earlier, the South Korean Chaebol was planning the IPO and subsequent listing of LG Electronics India on the bourse in the second week of May. However, it has been deferred for at least one quarter. LG may delay the IPO even further, if in August the consumer electronics major finds market sentiment not good, industry insiders told PTI. The IPO, which was estimated to be around Rs 15,000 crore in some media reports, had not attracted a very warm reception from the investors, they said. The market is facing uncertainties from the new tariff regulation by the Trump administration, and also the latest development on the terror attack at Pahalgam in Jammu & Kashmir. An LG Electronics spokesperson said a final decision on this will be taken based on market conditions. The procedures for LGEIL's IPO are currently underway. The final decision on the listing will be made based on market conditions and other relevant factors. No definite plans have been confirmed at this time. The company is closely monitoring the market and will consider a strategic timing that ensures a proper valuation of the company.

Source: https://economictimes.indiatimes.com/, April 28, 2025

TOP

Telecom

Telecom giants push for seamless connectivity at Noida International Airport without third-party involvement

The top private telecommunications operators -- Reliance Jio, Vodafone Idea, and Bharti Airtel — have jointly asked for deploying in-building solutions (IBS) for seamless telecom connectivity within the Noida international airport without involving any third party infrastructure provider. The telcos have asked for approval to conduct a joint survey of the airport premises to install a common IBS network catering to all three networks. The joint proposal comes after the three telcos asked the Mumbai Metro Rail Corporation to allow installing IBS directly, without involving a third-party as the rents being charged by the appointed entity was unviable. In a letter to the chairman of the Noida International Airport dated April. 24, the three telcos said they possess the legal authority and the technical expertise to deploy state-of-the-art telecom infrastructure at the airport. It is pertinent to highlight that third-party vendors are not permitted to deploy active telecom infrastructure. As per current regulations, only TSPs (telecom service providers) holding valid Universal Access Service Licenses (UASL) and spectrum rights are authorised to install and operate active IBS networks. The telcos further said that public authorities controlling access to public spaces are mandated to provide RoW (right of way) to licensed TSPs for building telecom networks, without charging additional fees beyond the stipulated RoW fees, under the Telecommunications Act, 2023 and the Telecommunications Right of Way (RoW) Rules, 2024.

Source: By Shubrojit Mallick, https://economictimes.indiatimes.com/, April 29, 2025

MeitY to lead efforts to curb spam calls from OTT platform

The Ministry of Electronics and Information Technology (MeitY) will take the lead to engage with stakeholders to tackle spam and scam calls from over-the-top (OTT) and rich communication services (RCS) platforms, a joint committee of regulators (JCoR) meeting convened by The Telecom Regulatory Authority of India (Trai) decided on Friday. These platforms, which operate over the internet, have become new avenues for spammers and fraudsters to reach consumers. While the Trai has taken steps to tackle unsolicited communications through traditional means, the regulator has maintained that its regulatory framework does not extend to OTT services. The Trai has made fresh amendments to the Telecom Commercial Communications Customer Preference Regulations, implementing simplified spam reporting, standardised message headers, enhanced compliance and stricter action. This campaign aims to combat spam and scam calls. These calls originate from over-the-top and rich communication services platforms. This decision emerged from a joint committee meeting. The Telecom Regulatory Authority of India convened this meeting. The goal is to protect consumers from fraud.

Source: https://economictimes.indiatimes.com/, April 26, 2025

 TOP

EV’s & Auto Electronics

Good News For Electric Vehicle Buyers: Maharashtra Announces New Subsidy & Toll Exemption Policy

Maharashtra, the country’s second-largest state in terms of electric vehicles, has made history by giving its go-ahead to its new Electric Vehicle (EV) Policy. This path-breaking move is designed to promote EV growth exponentially, alongside mitigating range anxiety by broadening the charging network in the state. After cabinet approval, Chief Minister Devendra Fadnavis reaffirmed the government’s intent to make electric mobility affordable and accessible to all citizens. The new policy is anticipated to bring in a new era of green-friendly transport in the state.  Electric vehicle users will be eligible for subsidies on purchase and exemption from toll charges by the state government. All these benefits are part of a larger policy to promote EV sales and eco-friendly transport. Most importantly, major efforts are being focused on increasing charging points across Maharashtra so that electric mobility becomes convenient and smooth. Chief Minister Fadnavis mentioned that the 2025 Maharashtra EV Policy, running until 2030, will lead to an enormous push for EV production and consumer buying. Supported by a strong budget of ₹1,993 crore, the policy will be critical to transforming the state into clean mobility.

Source: https://qrius.com/, April 01, 2025

Early EV adopters pull ahead in sales; post twice the sales of latecomers

Way back in 2017, India’s technology capital, Karnataka, became the first state to introduce a dedicated electric vehicle (EV) policy. By January 2021, at least 15 states had EV policies in some form, which increased to 25 states by April 2025. As Maharashtra’s new EV policy grabbed headlines on Tuesday, industry experts indicate that states like Uttar Pradesh, Maharashtra, Karnataka, Delhi, and Tamil Nadu are reaping the most from their early-mover advantage, posting twofold sales compared to states that rolled out policies later. Take the case of Karnataka: the penetration of electric two-wheelers (e2Ws) was just 0.01 per cent, four-wheelers (e4Ws) 0.16 per cent, and three-wheelers (e3Ws) 0.35 per cent in 2018–19, a year after the policy was introduced. This increased to 11.25 per cent, 4.42 per cent, and 12.73 per cent, respectively, by 2024–25. The state fine-tuned its policy from time to time, with the latest update in February 2025 targeting ₹50,000 crore in investments, 100,000 jobs, and 2,600 EV charging stations. This comes at a time when the country’s EV market has seen a fourteenfold rise in volume and a ninefold growth in penetration over the past five years, according to data by CEEW Green Finance Centre (CEEW-GFC).

Source: By Shine Jacob, https://www.business-standard.com/, April 30, 2025

EV adoption poses a financial risk for India’s leading automakers, power grid needs a reboot: Imperial College study

The increasing adoption of electric vehicles pose a financial risk to India’s leading automotive firms unless they can adapt to the change. The findings of a new report from London’s Imperial College Business School that focuses on how India’s automotive and industrial sectors need to prepare for the impact of EVs (essentially battery electric vehicles or BEVs), also refers to other second order effects of the transition. Even if sales of electric vehicles rise to 25 per cent of all vehicles sold in India (up from around 8 per cent currently), there could be a financial risk to automotive companies who still rely on traditional car manufacturing for making profits. Also, if electric vehicles account for 25 per cent of all vehicles on the road in India, electricity usage in the country could rise by almost 60 per cent and would require significant upgrades to the electricity grid. Meeting this target through coal power capacity risks cancelling out some of the climate benefits, so India’s electricity utilities would need to develop decarbonisation investment plans in advance, while meeting some of the increased demand through renewable sources.

Source: By Anil Sasi, https://indianexpress.com/, April 15, 2025

Govt May Cut EV Subsidy Processing Time from 40 to 5 Days - Here's Why

The Ministry of Heavy Industries is reportedly planning to expedite the processing time for EV subsidy --- from 50 days to just five days, according to a report published by Business Standard. However, the government needs to address technical bottlenecks and streamline the verification steps to execute the plan. The initiative supports the government’s broader target of making 30% of all vehicle sales electric by 2030. It also sets sector-specific goals — aiming for 80% electrification of two- and three-wheelers, 40% for buses, and 70% for commercial vehicles by the end of the decade. Since 2014, more than 119 EV start-ups have secured $3.7 billion funds. These new-age companies have started listing making their mark on Indian stock exchanges, with Ola Electric listing last year and Ather Energy opened for public subscriptions on April 28. The government is considering time reduction in the process of EV subsidy due to the presence of backlog in its disbursal. The report stated that the ministry aims to clear the backlog and ensure the timely disbursal of EV subsidies under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) initiative.

Source: https://www.outlookbusiness.com/, April 28, 2025

  TOP

Defence & Solar

India’s Solar Surge Generates 16,811 MU, Contributing ~70% To Renewable Energy In March 2025

In March 2025, India reached a major milestone in its renewable energy journey, with solar power making up nearly 69.64% of the country’s total renewable energy generation, excluding large hydropower. The country generated 16,811.38 million units of solar energy, showing a strong focus on clean and sustainable power. This growth was supported by government policies, financial incentives, and improvements in solar technology. By the end of March 2025, India’s total renewable energy capacity, excluding large hydropower, reached 172,368.18 MW. Out of this, solar power contributed 105,646.49 MW, showing a sharp rise in solar adoption and strengthening India’s position in the global renewable energy sector. This increase was due to more project installations, better photovoltaic system efficiency, and strong financial support from both the public and private sectors. Wind energy also played a key role, contributing 21.26% of the total renewable generation in March 2025. Wind farms produced 5,133.63 million units of electricity, backed by an installed capacity of 50,037.82 MW.

Source: By Mohan Gupta, https://solarquarter.com/, April 30, 2025

Waaree Energies Launches 'Waaree Radiance' Solar Kit to Simplify Rooftop Solar Adoption in India

Waaree Energies Limited, a renewable energy company based in Mumbai, has announced the launch of its new ‘Waaree Radiance’ All-in-One Solar Kit. Designed to simplify residential rooftop solar adoption, the product offers a single-package solution that includes all essential components for installation. This launch supports the government’s Surya Ghar Muft Bijli Yojana, which promotes solar energy use through subsidies and easier access to financing. The Waaree Radiance kit includes solar modules, an inverter, distribution boards, lightning protection, an earthing kit, and connecting cables—offered together to minimize the need for customers to manage multiple suppliers. The product is available in sizes ranging from 3 kW to 10 kW for homes and up to 5 MW for commercial and industrial use. The kits feature components such as Waaree’s mono PERC or TOPCon solar modules, high-efficiency inverters, and Waacab-branded cables. Customers can purchase the kits online through Waaree’s website, Amazon, and Flipkart, with delivery available across India. The company also provides consultation and installation assistance, helping customers with setup and technical support.

Source: By Sarthak Mahajan, https://www.autocarpro.in/, April 30, 2025

India installs 28 GW of solar and wind power in FY 2025

India has installed around 28 gigawatts (GW) of solar and wind power capacity in fiscal year (FY) 2025, according to JMK Research & Analytics. In its latest report, JMK said the country added 23,832 megawatts (MW) of solar capacity and 4,151 MW of wind capacity from April 2024 to March 2025. These were up 27.9% and 58.5%, respectively. Data from the Ministry of New and Renewable Energy showed that India’s installed renewable energy capacity has reached 220 GW as of FY 2025. Solar energy leads the sector, accounting for 48%, followed by wind energy (23%), large hydro (22%), bio power (5%), and small hydro (2%). In the past fiscal year, India added approximately 16.9 GW of new utility-scale solar capacity, representing a 47% increase from the previous year, thanks to the accelerated deployment of such projects following the ministry’s 2023 mandate for 50 GW of tender issuance. The increase in solar installation can also be attributed to the strong momentum of the green open access market, driven by corporate decarbonisation initiatives and a decline in module prices in the second half of FY 2024.

Source: https://asian-power.com/, April 27, 2025

India tops up its Rafale warplane buy with 26 carrier-capable jets

India and France have signed a major deal for the purchase of 26 Rafale fighter jets to equip the Indian Navy, which will become the first international user of the naval variant, underscoring the strategic relationship between the two countries. The agreement follows India’s initial selection of the Rafale Marine in July 2023 following a series of consultations and assessments of the aircraft. The new aircraft will be provided to the Indian sea service with the latest capabilities and will operate alongside the 36 Rafale already in service with the country’s Air Force. “The Indian Navy will [be able] to benefit from the experience of the French Navy, which already operates the Rafale Marine,” the jets’ manufacturer, Dassault Aviation, said in a statement. “The aircraft will play an active role in guaranteeing national sovereignty and consolidating India’s role as a major international player,” the company added. While the governments included no price tag in their announcements, the purchase could be worth as much as €3 billion ($3.4 billion), based on previous Rafale transactions that suggest a per-copy cost upwards of €100 million.

Source: By Elisabeth Gosselin-Malo, https://www.defensenews.com/, April 28, 2025

TOP

MSME

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

Union Minister Pralhad Joshi urges MSME collaboration in Green Hydrogen Tech

Union Minister of New and Renewable Energy Pralhad Joshi has said that green hydrogen is the fuel of the future and urged the Micro, Small and Medium Enterprises to collaborate for technology development in the production of Green Hydrogen. Inaugurating a workshop on National Green Hydrogen Mission opportunities for MSMES in New Delhi today, Mr Joshi said, MSMES have the strength to provide critical support for manufacturing, engineering and come up with new technological ideas that can empower India towards renewable energy. At the event, the Minister also launched the green hydrogen certification scheme of India. He said, This certification scheme will ensure the production of green hydrogen in the country. Mr Joshi said that India has signed an agreement with Japan for four lakh 12 thousand tonnes of green hydrogen derivatives. He added that under the leadership of Prime Minister Narendra Modi, the Ministry aims to increase it to five million tonnes by 2030.

Source: https://www.newsonair.gov.in/, April 29, 2025

Chief Minister Chandrababu Naidu will launch 10 MSME Parks, lay stone for 40 more in A.P. on May 1, says Kondapalli Srinivas

The Government of Andhra Pradesh is all set to inaugurate 10 MSME Parks and lay foundation for another 40 on May 1, 2025. The MSME Parks in Anakapalli, Pileru and other areas, which are ready in all aspects, will be dedicated to the people by Chief Minister N. Chandrababu Naidu at the Atmakur MSME Park in Nellore district. He will also lay the foundation for construction of the proposed 40 parks. Of the ambitious target of constructing 175 MSME Parks in each Assembly constituency, the government completed 10, he said. Besides laying the stone for 40 more parks, it was proposed to commence work on 45 additional parks in six months and take up work on the remaining parks after one year. “The government aims to complete all the parks in three years. The government was planning to designate sectoral MSME Parks, among the 175, depending on the demand and resources available in the respective areas. The Minister said the government planned to construct at least one Flatted Factory Complex (FFC) in each constituency, which would be of help to the micro industries having an investment of about ₹20 lakh. “Both the MSMEs and FFCs will nourish the economy by creating employment and industrial opportunities.

Source: By Sambasiva Rao M, https://www.thehindu.com/, April 29, 2025

Tariff War Threatens Rs 21,800 Crore in MSME and Mid-Corporate Loans: Ind-Ra Report

A recent report by India Ratings has highlighted that loans amounting to Rs 21,800 crore, extended to high-risk micro, small, and medium enterprises (MSMEs) and mid-sized corporates, are under threat due to worsening operating conditions amid escalating global trade tensions. The study, which analysed 1,898 MSMEs and 1,055 mid-sized companies, reveals that MSMEs, particularly in sectors like chemicals, textiles, steel, and industrial machinery, are increasingly vulnerable. Approximately 6 per cent of these MSMEs are classified as high-risk, characterised by an interest coverage ratio below 1.1 times and leverage exceeding five times. These high-risk MSMEs collectively hold outstanding debt of around Rs 8,100 crore, representing 16 per cent of the total debt among the MSMEs surveyed.​ In contrast, mid-sized corporates exhibit relatively stronger financial buffers, with only 5 per cent falling into the high-risk category. However, a sustained slowdown in demand could still pose significant challenges for these entities.​ The report underscores the need for prudent risk assessment and credit allocation by lenders, especially in light of the current global economic uncertainties.

Source: https://knnindia.co.in/, April 30, 2025

Union Bank launches MSME, CASA initiatives to pass on RBI rate cut benefits

Union Bank of India announced the launch of its MSME & CASA Outreach program, a nationwide initiative aimed at strengthening relationships with existing customers, expanding outreach to new MSME clients, and driving sustainable growth in CASA deposits. The countrywide outreach camps follow the RBI Monetary Policy Committee’s back-to-back rate cuts which saw interest rates on bank credit fall 50 basis points. Union Bank’s MSME loan now start at an affordable interest rate of 8.75 per cent. The programs will be conducted across 62 locations from April 28 to 30, 2025, bringing together existing and potential customers, industry associations, trade bodies, and government agencies. These events will serve as collaborative platforms to address financial needs, promote digital banking awareness, and introduce tailored financial solutions. The MSME & CASA Outreach program will focus on understanding customers’ financial needs, showcasing bank products, generating leads, and gathering feedback for continuous improvement in service quality and customer satisfaction.

Source: https://smefutures.com/, April 30, 2025

   TOP

ELCINA EVENTS , ACTIVITIES & SERVICES 

Registration

For more information, please contact:

Rajesh Rawat – 9911445890 / rajesh@elcina.com 

ELCINA Publications

https://elcina.com/roadmap-for-developing-pcb-eco-system-in-india	Roadmap For Developing PCB Eco-System in India Key Findings Indian PCB market and industry size in terms of domestic production, exports, and imports Growth drivers and challenges (needs & gaps) in the Indian PCB industry Growth potential of PCB manufacturing in India and identify enablers for creating & strengthening the domestic value chain Key inputs required viz. investments, technology, and infra eco-system Details of key PCB value chain players – global and domestic, who can be invited to invest to establish a strong PCB industry
https://elcina.com/ems-task-force-report-on-market-industry-analysis-of-ems-sector-in-india	EMS Task Force Report Key Findings Currently EMS Industry (Contract Manufacturing Services) are valued 832 Bn $ and are projected to grow 1055 Bn by 2025. Domestic electronics manufacturing is estimated at USD 75 Bn of which 39 Bn constitutes EMS value. This is divided into 23.5 Bn domestic Mfg. and USD 15.5 Bn PCBS/Sub-Assembly imports. Further USD 53.5 Bn is finished Electronic Goods imports of which USD 17 Bn is EMS value. Thus total EMS opportunity loss is US$ 32.5 Bn (15.5 +17). The report estimates that EMS production can grow realistically from USD 23.5 Bn today to USD 152 Bn by 2025 at CAGR of 45%. This will meet 75% of the countries EMS requirement of US$ 203 Bn by 2025 against a total estimated market of 400 Bn.
https://elcina.com/elcina-task-force-report-on-electronic-components	ELCINA Task Force Report on Electronic Components Key Findings Current status of component manufacturing in India – Areas of competence vs Gaps and inadequacies Components which urgently require investments and growth in domestic manufacturing Emerging technology and new components for upcoming opportunities Constraints and bottlenecks to be addressed Overcoming Policy constraints, WTO (ITA-1) deadlock and Zero Duty issue Strategy for overcoming these constraints Eco-System requirements- Role of Central and State Governments
https://elcina.com/elcina-directory-of-indian-electronics-industry	ELCINA Directory of Indian Electronics Industry 2024-25 Description ELCINA Directory of Indian Electronics Industry – includes the updates on Indian Electronics Industry and a host of additional improved features covering business environment, statistical industry scan, company databases plus various projections. This handy compendium with its easy-to-read format attracts the attention of a growing number of users (within India and abroad) Apart from electronics industry, the users of this Directory range from financial institutions, commercial banks, FIIs, Consultancy organizations as well as industry promotion institutes across the world….

TOP

FORTHCOMING EVENTS &  GENERAL INFORMATION 

International Events
	14th Langkawi International Maritime and Aerospace Exhibition 20 - 24 May 2025 Langkawi, Malaysia https://lima2025.com/
	Computex Taipei 2025 May 20–23, 2025 Taipei, Taiwan https://www.computextaipei.com.tw/en/index.html
	The Total Solution Exhibition for Electronics equipment 4th to 6th  June 2025 Tokyo, Japan https://www.jpcashow.com/show2025/en/exhibition/download.html
	AMTS Jul 9-11, 2025 International Expo Center China https://www.shanghaiamts.com/en/about/exhibition-introduction
	World Battery & Energy Industry Expo 8 – 10 Aug 2025, Guangzhou, China https://en.battery-expo.com/
	9th International Conference on Energy Research and Technology (ICERT 2025) August 21, 2025 - August 23, 2025 | Paris, France https://icertseries.com
	Optical Fiber Comm And ICT show 27th to 29th August 2025 https://www.wirecableshow.com/self122.htm
	KPCAshow2025 (Int’l Electronic Circuits and Packaging Show) September 3rd to 5th 2025 https://www.kpcashow.com/m/eng/about.asp
	SEMICON® WEST  October 7–9, 2025 Phoenix Convention Center Phoenix, Arizona https://www.semiconwest.org/
	Hong Kong Electronics Fair 13th -16th October 2024 Hong Kong (Autumn Edition) https://www.hktdc.com/event/hkelectronicsfairae/en/programme#
	CES 2026 January 6–10, 2026 Las Vegas Convention Center, Las Vegas, USA https://www.ces.tech/
	Mobile World Congress (MWC) 2026 2 – 5 March 2026 Fira de Barcelona Gran Via, Barcelona, Spain https://www.mwcbarcelona.com/
	Productronica China 2026 25-27 March 2026 Shanghai New International Expo Centre, Shanghai, China https://www.productronicachina.com.cn/en/

Domestic Events
	5th Aero Def Expo 01st – 03rd May 2025 Yashobhoomi Delhi https://www.aerodefindiaexpo.com/contact-us.html
	PUNE'S ELECTRONICS EXPO 15th to 17th May 2025 Pune https://pune.efyexpo.com/
	Global EV Expo 2025 June 13–15, 2025 Gandhinagar Gujarat https://www.globalevexpo.in/
	Consumer Electronics 24th to 26th July 2025 Pragati Maidan, New Delhi https://cewexpo.com/
	14th Strategic Electronics Summit 2025 08th- 09th August 2025 Bangalore International Exhibition Centre, Bengaluru SES 2025
	Electronics Expo India 2025 21st to 23rd August 2025 Pragati Maidan Delhi https://www.ipcapcb.org/activities
	SEMICON® India SEP 1 - 3, 2025 Yashobhoomi (IICC), New Delhi https://www.semiconindia.org/
	POWERGEN India 2025 September 2–4, 2025 Dwarka, India https://www.powergen-india.com/exhibitor-list
	electronica India 2025 September 17-19 Bangalore International Exhibition Centre https://electronica-india.com/en/trade-fair/

TOP