VOL XXIV, ISSUE 22

30 November 2023

India’s Electronics Manufacturing Set for Major Investment Boost

The Government approved INR 30 billion (USD 360 million) collective investments by 27 major electronics manufacturers to encourage more domestic IT hardware production, may well have started to pay off and this first wave of successful investments will be followed by equally large ones in the coming months as India positions itself as an attractive market on the Asian continent, BMI Country Risk & Industry Research has forecast. Specifically, as a large addressable market of consumers and a trend of tech companies look to re-route their supply chains due to geopolitical risks, India’s consumer electronics market will outperform its regional peers, as per the Fitch Solutions company.

Source: By Nivedita Mukherjee, https://sundayguardianlive.com/, November 26, 2023

Three more semiconductor fabs worth $8-12 billion expected in India: Vaishnaw

India could see at least three more semiconductor fabrication units coming up in the next few months with cumulative investments to the tune of $8-12 billion, Union Minister for Electronics and Information Technology Ashwini Vaishnaw said on Tuesday. Speaking to reporters on the sidelines of the launch of American chip-maker AMD’s global design centre in Bengaluru, Vaishnaw said that talks are ongoing with the governments of Tamil Nadu, Telangana, Karnataka, Gujarat and Uttar Pradesh, and locations should be finalised in a few months. This comes at a time when India is trying to attract major semiconductor players to set up chip fabrication and assembling plants in the country with its $10 billion (Rs 76,000 crore) semiconductor programme.

Source: https://www.deccanherald.com/, November 29, 2023

Thomson Computing Signs MoU with Sahasra Group To Manufacture IT Hardware Products in India

Thomson Computing (METAVISIO), is set to make a significant mark in the Indian market with the launch of its extensive IT Hardware products such as laptops and notebooks. In collaboration with its newly established Indian subsidiary, Metavisio Computing India Pvt Ltd, Thomson Computing becomes the first European brand to enter the dynamic and rapidly growing Indian consumer electronics market. In a concurrent development, Thomson Computing is proud to announce its collaboration with Saharsa Electronics Solutions Limited for Manufacturing under the Production-Linked Incentive (PLI) 2.0 program. This partnership aims to leverage the benefits of the PLI scheme, contributing to the 'Make in India' initiative by fostering local manufacturing.

Source: https://circuitdigest.com/, November 24, 2023

Our focus now is on export-led growth in electronics, says Ashwini Vaishnaw

After achieving success in domestic mobile manufacturing, the government is working on a strategy for an export-led growth for smartphones and electronics, communications and IT minister Ashwini Vaishnaw told Fe in an exclusive interview. For an export-led growth in mobile phones and electronics, the ministry of electronics and IT (Meity) will work closely with the ministry of finance to make the movement of goods across borders very smooth. Vaishnaw said this is needed as the nature of GVC is such that goods keep crossing borders multiple times before the final product is made. cording to him, what all needs to be looked at to make multiple transactions across borders smoother are import duties, processes, automation, and warehousing.

Source: https://www.financialexpress.com/, November 27, 2023

India’s display fab subsidy: A potential game changer for the Indian economy

In recent years, India has been making significant strides in its electronics and manufacturing industry. The nation’s ambition to establish itself as a global electronics manufacturing hub is underpinned by the Electronics System Design and Manufacturing (ESDM) policy, which has an outlay of Rs 76,000 crore ($10 billion). While there has been a lot of chatter around the semiconductor fab scheme, the display fab scheme, which has the same incentives, i.e., a 50% pari-passu subsidy, has not been talked about enough. The global Electronics Manufacturing Services (EMS) market is projected to reach $1,145 billion by 2026 with a CAGR of 5.4% between 2021–26, driven by the proliferation of emerging technologies such as 5G, Internet of Things (IoT), Industrial Internet of Things (IIoT), Artificial Intelligence, Machine Learning, robotics, smart mobility, smart manufacturing, etc.

Source: https://www.financialexpress.com/, November 22, 2023

        TOP

       POLICY  SCAN                                                                               

Amnesty Scheme notified for condoning delay in filing of appeal against demand orders.

An amnesty scheme has been introduced to provide relief to taxable individuals unable to file an appeal under Section 107 of the Central Goods and Services Tax Act, 2017 against demand orders issued under Section 73 or 74 by March 31, 2023. This also applies to cases where the appeal was rejected solely due to not meeting the specified time frame in Section 107(1).

According to Notification No. 53/2023-Central Tax, dated November 2, 2023, taxpayers can now file appeals against such orders until January 31, 2024. However, this is subject to a pre-deposit requirement of 12.5% of the tax under dispute, with at least 20% (i.e., 2.5% of the tax under dispute) to be debited from the Electronic Cash Ledger. Notably, appeals under this notification are not applicable to demands not involving tax. Additionally, no refund will be granted for any excess amount paid by the appellant before the issuance of this amnesty scheme until the appeal is disposed of.

2. Clarifications Regarding GST on Specific Services

Circular No. 206/18/2023-GST, dated October 31, 2023, issued by the Central Board of Indirect Taxes and Customs (CBIC), provides clarification on the applicability of GST on specific services. As per the circular:

The term 'same line of business' concerning passenger transport services and renting of motor vehicles does not encompass leasing of motor vehicles without operators.
GST is applicable to electricity charges received by real estate companies, malls, airport operators, etc., from lessees/occupants if it forms part of a composite supply. However, when real estate owners, resident welfare associations, real estate developers, etc., supply electricity as pure agents, it will not be considered part of the value of their overall supply.
Job work for the processing of 'Barley' into 'Malted Barley' attracts GST at a rate of 5%, as applicable to 'job work in relation to food and food products.'
District Mineral Foundations Trusts (DMFTs) established by State Governments are recognized as Governmental Authorities.
Pure services and composite supplies related to horticulture/horticulture works provided to the Central Public Works Department (CPWD) are eligible for exemption from GST under Sr. No. 3 and 3A of Notification No. 12/2017-Central Tax (Rate).

Postal exports – Authorization of 170 additional booking post office under the Postal Export (Electronic Declaration and Processing) Regulations, 2022

Circular No. 27/2023-Cus, dated November 1, 2023, issued by the Central Board of Indirect Taxes and Customs (CBIC), highlights the Office Memorandum (CF-4/2/2020-CF dated October 11, 2023) released by the Department of Posts, Ministry of Communication. The memorandum authorizes 170 additional booking post offices and their associated Foreign Post Offices (FPOs) for the electronic filing of Postal Bill of Export (e-PBE) and the acceptance of international mail articles booked through the Dak Ghar Niryat Kendra (DNK) portal.
These circular aims to facilitate the seamless implementation of the Postal Export (Electronic Declaration and Processing) Regulations, 2022, as outlined in Notification No. 104/2022-Cus dated December 9, 2022. In addition to notifying the authorized post offices, the circular provides a comprehensive list of these booking post offices along with their corresponding foreign post offices for reference and adherence.

Courier Shipping Bills – Provision introduced for advance assessment.

Circular No. 28/2023-Cus, dated November 8, 2023, issued by the Central Board of Indirect Taxes and Customs (CBIC), introduces provisions for the advance assessment of Courier Shipping Bills within the framework of the Express Cargo Clearance System (ECCS). Additionally, Advisory No. 11/SYS/WZU/2023, dated October 19, 2023, issued by DG (Systems), outlines modifications made to the ECCS export workflow to accommodate this advance assessment.

Under this directive, Courier Shipping Bills designated for assessment will be made accessible to assessing officers ahead of the physical arrival of the export consignment at the Information and Communication Technology (ICT) facility. The aim is to streamline the assessment process and enhance efficiency within the ECCS, facilitating smoother operations for customs authorities.

DGFT Trade Notice No. 32/2023-24-DGFT, dated 06/11/2023

To enhance trade facilitation and streamline grievance redressal, DGFT introduces a centralized Video Conference facility at DGFT HQs. Effective from 08.11.2023, this facility will operate every Wednesday from 10 am to 12 noon. Senior officers from DGFT HQs will be present to address matters unresolved by regional authorities. The platform also welcomes suggestions and concerns from Trade and Industry representatives. To avail, register on www.dgft.gov.in, choose 'Centralised VC with HQs' under 'services,' with priority given to pre-registered users. Time slots will be adjusted based on trade and industry response. Daily online VCs with regional authorities and individual appointments over VC with concerned officers will continue as usual.

DGFT Trade Notice No. 33/2023-24, dated November 10, 2023

The Directorate General of Foreign Trade (DGFT) announces the pilot launch of the upgraded Electronic Bank Realization Certificate (eBRC) system for self-certification by exporters. Aligned with the commitment to enhance export and import processes, the enhanced eBRC system streamlines the workflow, enabling exporters to self-certify based on electronic Inward Remittance Messages (IRMs) from banks to DGFT. This initiative, commencing from November 15, 2023, aims to reduce transaction time and costs. Both upgraded and legacy eBRC systems will operate concurrently until banks transition. Banks must integrate using Application Programming Interface (API) for efficient data exchange, with the deadline for API integration set at January 31, 2024.

DGFT Notification No. 44/2023-DGFT dated November 20, 2023

Notification No. 44/2023-DGFT, issued by the Ministry of Commerce & Industry and the Directorate General of Foreign Trade, on November 20, 2023, brings a significant amendment to the import policy for gold under HS Code 71081200 in Chapter 71 of Schedule—I (Import Policy) of ITC (HS) 2022. The amendment, executed under the powers of the Foreign Trade (Development & Regulation) Act, 1992, aims to regulate gold imports effectively. The revised policy now permits gold imports through nominated agencies as notified by RBI or DGFT for banks and other agencies, respectively. Qualified jewelers, as notified by IFSCA, can import gold through India International Bullion Exchange (IIBX). India-UAE TRQ holders, as notified by IFSCA, can import gold through IIBX against the TRQ, with physical delivery available through IFSCA registered vaults in SEZs. Refineries can also import Gold Dore under an import license with the Actual User (AU) condition. The amendment is effective immediately.
 

       TOP

  INDUSTRY  SCAN                                                                             

General

Semiconductor Market to Grow 20.2% in 2024 to $633 Billion, Highlights Researchers

International Data Corporation (IDC) in its new survey report has mentioned that they currently see better semiconductor growth visibility as the long inventory correction subsides in two of the largest market segments: PCs and smartphones. Automotive and Industrials elevated inventory levels are expected to return to normal levels in 2H24 as electrification continues to drive semiconductor content over the next decade. Technology and large flagship product introductions will drive more semiconductor content and value across market segments in 2024 through 2026, including the introduction of AI PCs and AI Smartphones next year and a much-needed improvement in memory ASPs and DRAM bit volume.

Source: IDC PR, November 17, 2023

Government Unleashes Rs 8000 Crore Incentive Scheme To Grow EV Battery Manufacturing in India

In an effort to boost the growth of electric vehicles in the country, the government of India has recently unleashed a whopping Rs 8000 Crore for the purpose of manufacturing EV batteries. Now, the government is all set to commence the bidding process so that they can set-up top-notch battery production facilities, which will create a capacity of 20 gigawatt-hours. The bidding from probable investors is expected to start from December. Prominent global companies such as South Korea's LG Energy Solution Ltd., and India’s Mahindra & Mahindra Ltd., Amara Raja Energy & Mobility Ltd., Exide Industries Ltd., and Larsen & Toubro Ltd., have also shown interest in setting-up the facilities during a meeting with the government officials.

Source: https://circuitdigest.com/, November 17, 2023

Nvidia Secures top spot as most profitable semiconductor firm in Q3: PTI

According to financial results compiled by Taipei-based analyst Dan Nystedt, Nvidia's revenue for Q3 reached US$ 18.12 billion, with a remarkable profit of US$ 10.42 billion, marking a 206 percent year-over-year increase. The surge in profit is attributed to the dominance of AI chips for data centers in Nvidia's portfolio, stated PTI. Nvidia could potentially secure the second-place position in full-year chip revenue for 2023, surpassing Intel and Samsung, while TSMC is expected to maintain its leading position in the industry, Nystedt posted on X, formerly known as Twitter, PTI said. In comparison, TSMC, the largest contract chip manufacturer globally, reported US$ 17.28 billion in revenue and US$ 7.21 billion in profit for the same quarter, while Intel's revenue was US$ 14.16 billion with a loss of US$ 8 million. Samsung Semiconductor, Samsung's chip design and manufacturing arm, recorded revenue of US$ 12.52 billion but reported losses amounting to US$ 2.86 billion, PTI noted.

Source: https://www.autocarpro.in/, November 27, 2023

Syrma SGS Technology forms subsidiary for semiconductor arm, stock rises 4%

Shares of Syrma SGS Technology jumped nearly 4 percent in early trade on November 28, post incorporation of a subsidiary. At 9:15am, the Syrma SGS Technology stock was trading at Rs 578 on NSE. Syrma SGS Technology Limited has incorporated a wholly-owned subsidiary company (WOS) named Syrma Semicon Private Limited (SSPL), according to a filing with BSE. SSPL intends to engage in various aspects of the computer and electronics industry. These include designing, manufacturing, buying, selling, assembling, exporting, importing, distributing, and acting as an agent or dealer for a range of electronic products. The focus areas involve memory chips, memory modules, PCB assemblies, and other storage products.

Source: By Sivam Sukla, https://www.moneycontrol.com/, November 28, 2023

Indian Conglomerate Murugappa Group Seeks To Enter Semiconductor Space

The 123-year-old Murugappa Group is looking to venture into the semiconductor segment with a proposed $790 million plant. This will be an interesting, high-tech addition to the $9 billion (revenue) engineering and financial services conglomerate, which is based in Chennai and operates in 29 industries ranging from auto components to finance to sugar. The expansion will be through group company CG Power and Industrial Solutions, which is based in Mumbai. It filed an application earlier this week with the Indian government’s Ministry of Electronics and Information Technology to seek approval to set up a semiconductor plant.

Source: https://www.forbes.com/, November 26, 2023

TOP

Information Technology

India to have actionable plan to counter deep fake in 10 days: Minister Ashwini Vaishnaw

In response to recent incidents, the Indian government has officially recognized deep fake technology as a significant threat to democracy. Taking proactive measures, Ashwini Vaishnaw, the Minister of Electronics and Information Technology, conducted a comprehensive meeting today with key representatives from social media platforms, leading AI companies, and esteemed professors in the field of AI technology. The primary focus of the meeting was to devise effective regulations and guidelines to combat the alarming rise of deep fake content. Minister Vaishnaw stressed the urgency of addressing this issue, stating, "Deep fakes pose a severe threat to democracy, spreading rapidly through social media without proper checks. It is imperative that we take urgent steps to instill trust in society and safeguard our democratic principles."

Source: By Nidhi Singal, https://www.businesstoday.in/, November 23, 2023

Small-town freshers learning new-age tech skills to crack IT sector jobs

Smaller towns and cities have registered a jump in the number of young engineers taking up cutting-edge, high-demand tech skills such as Gen AI, Machine Learning, data science, cloud computing, Fullstack development, and EV design, The Economic Times (ET) has reported. More and more people are registering to learn these skills in hopes of finding better employment opportunities in an increasingly competitive job market, the report said. The newspaper cited enrollment data from smaller towns like Madurai, Nagpur, Vishakhapatnam, Coimbatore, Lucknow, Indore, Tiruchirapalli, Mysuru, Kottathur, Bhubaneswar and said that candidates registering from these regions accounted for more than 40 per cent of total candidates in 2023 compared to 30-32 per cent a couple of years ago, the ET report added.

Source: https://www.business-standard.com/, November 29, 2023

Gartner Says Cloud Will Become a Business Necessity by 2028

By 2028, cloud computing will shift from being a technology disruptor to becoming a necessary component for maintaining business competitiveness, according to Gartner, Inc. IT spending on public cloud services continues to rise unabated. In 2024, worldwide end-user spending on public cloud services is forecast to total $679 billion and projected to exceed $1 trillion in 2027. Organizations are actively investing in cloud technology due to its potential to foster innovation, create market disruptions, and enhance customer retention in order to gain a competitive edge,” said Milind Govekar, Distinguished VP Analyst at Gartner.

Source: https://www.gartner.com/, November 29, 2023

AI'S game-changing role in reshaping information technology

In the dynamic realm of Information Technology (IT), the pervasive influence of Artificial Intelligence (AI) stands as a transformative force, reshaping the very fabric of how businesses operate and individuals interact with technology. From the unprecedented automation of tasks to bolstered cybersecurity measures, and the intelligent evolution of customer support, AI's impact on IT is profound and far-reaching. This article serves as a gateway to understanding the comprehensive scope of this revolution, delving into the intricacies of AI's role in data management, predictive maintenance, workforce transformation, and the ethical considerations that accompany this technological leap. Join us on an exploration of the present and future, where AI intertwines with IT to create a landscape of unparalleled innovation and challenges.

Source: By Saniya Ahmad Khan, https://yourstory.com/, November 26, 2023

 TOP

Telecom

Bharti Telecom plans its biggest-ever rupee bonds

Bharti Telecom Ltd., owned by Sunil Bharti Mittal, is planning to raise as much as 80 billion rupees ($961 million) in the local-currency bond market, according to people familiar with the matter. The company is expected to seek bids this week for notes due in two-, three- and five years, the people said, who asked not to be identified as the details are private. If the deal goes through, it will be Bharti Telecom’s largest ever rupee issuance, according to data compiled by Bloomberg. Bharti Telecom is coming to the bond market at a time when its unit, which is India’s second-largest wireless carrier Bharti Airtel Ltd., is rolling out 5G services across the country as it taken on its rival billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd.

Source: https://www.moneycontrol.com/, November 29, 2023

Nokia bags IP core network upgradation deal from Bouygues Telecom

Finnish telecom gear maker Nokia has won an IP core network upgradation and security gateway capacity expansion eal from Bouygues Telecom. Under the deal, Nokia will supply its FP5-based IP routers to modernise the telecom operator’s IP core network and expand the capacity of its security gateway solutions. Nokia said the The FP5’s 800GE capability will also accelerate Bouygues Telecom’s ability to scale and sustainably meet future traffic growth. Nokia will also evolve Bouygues Telecom’s existing Nokia security gateway services by deploying its FP5 powered, SR-1 routers and the 7750 Extended Services Appliance (ESA) to meet the increased capacity and scalability demands of mobile broadband services.

Source: https://telecom.economictimes.indiatimes.com/, November 29, 2023

Chief Minister Give Green Signal to the Country's First Telecom Center of Excellence

According to information received from the media on November 27, 2023, Uttar Pradesh Chief Minister Yogi Adityanath has given the green signal to the construction of the country's first Telecom Center of Excellence in Saharanpur. It is noteworthy that the foundation stone of the country's first Telecom Center of Excellence will be laid on December 5, 2023. Here research will be done on connecting 5G with Artificial Intelligence (AI) and 6G. Telecom Center of Excellence will be built at the Saharanpur campus of IIT Roorkee at a cost of Rs 30 crore. This initiative will promote innovation and growth in the telecommunication sector. Besides, the youth of the state will also get employment in large numbers.

Source: https://www.drishtiias.com/, November 28, 2023

Reliance Earnings To Be Driven By Telecom, Retail, Says JPMorgan

JPMorgan sees a limited downside for Reliance Industries Ltd. as its consumer business will drive profitability, even as the company's earnings estimates for FY24 have been cut by 5%. Earnings downgrades were due to a correction in refining margins, weaker petrochemical business, and the deferral of the anticipated telecom tariff increases, according to the brokerage. Going ahead, petrochemical margins are close to lows and should have limited downside; refining cracks are higher than pre-pandemic levels but are supported by supply dislocations and tightening utilisations, it said.

Source: https://www.bqprime.com/, November 29, 2023

Centre suspends 70 lakh mobile numbers due to suspicious activity: DFS Secretary

To check digital frauds, the government has suspended 70 lakh mobile numbers on account of suspicious transactions, Financial Services Secretary Vivek Joshi said on Tuesday. Emerging out of a meeting to discuss issues related to financial cyber security and increasing digital payment fraud, Joshi said banks have been asked to strengthen the system and processes in this regard. More such meetings would take place, he said, adding the next meeting is scheduled in January. With regard to Aadhaar Enabled Payment System (AEPS) fraud, he said states have been asked to look into the issue and ensure data protection. He also said that there was a discussion with regard to KYC standardisation of merchants.

Source: https://telecom.economictimes.indiatimes.com/, November 29, 2023

 TOP

EV’s & Auto Electronics

As Tesla, Fisker eye Indian EV pie, analysts upbeat on domestic companies

As foreign automakers including Tesla and Fisker line up their battery-driven cars for launch in India, competition is tipped to intensify for domestic companies in the electric vehicle (EV) market. However, analysts reckon there won’t be a major impact on companies such as Tata Motors, Mahindra & Mahindra, Hyundai, and MG, which sell EVs or are about to introduce them. While the total PVs sold during FY 23 were nearly 38,90,114 units, the E4W category grew twofold during that period to 58,383  units. According to industry estimates, given the market potential of 6-7 million passenger vehicles annually in India by 2047, about 8-10 mainstream automakers will continue to serve the domestic EV market.

Source: By Avishek Banerjee, https://www.moneycontrol.com/, November 29, 2023

TVS Motor plans to launch 5-25 kW electric vehicles next year

TVS Motor Company aims to expand its electric two-wheeler portfolio over the next one year as it looks to cater to customers at multiple price points, according to a top company official. The Chennai-based company, which currently has two e-scooters in its portfolio, also plans to expand its electric vehicle sales infrastructure going ahead. They are also planning to launch a series of products in the range of 5 to 25 kilowatts in the next year. With robust demand in the market, the company has ramped up the production capacity of electric scooter iQube to 25,000 units per month and plans to enhance it further going ahead.

Source: https://www.hindustantimes.com/, November 26, 2023

Huawei is pushing its tech into the EV world with new cars, automaker partnerships

Chinese telecommunications and smartphone giant Huawei is doubling down on selling its tech in the competitive electric car market. The company has emphasized it doesn’t manufacture cars. Instead, it sells tech components such as its Harmony OS operating system and driver-assist product, or works with automakers to create new EV brands. Huawei on Tuesday confirmed it is working with at least four traditional automakers in China on new car brands, after news over the weekend of a joint venture with Changan Automobile for car technology. Changan and Huawei are already partners for the Avatr electric car brand, created in 2018 with electric car battery giant.

Source: By Evelyn Cheng, https://www.cnbc.com/, November 28, 2023

Electric vehicle batteries may have a new source material – used tires

As demand for electric vehicles continues to grow, one start-up company is looking to make the cars even more sustainable – by turning used tires into batteries. Most electric vehicles rely on lithium-ion batteries for their power. But critics say that those batteries are far from being as efficient, environmentally friendly and sustainable as they could be. That's where one Chile-based company says old tires come into play. The company, called T-Phite is putting used car tires through a process called pyrolysis, which entails putting the tires under extreme heat so that they break down into smaller molecules. T-Phite CEO Bernardita Diaz says those molecules become three primary byproducts – pyrolytic oil, steel and carbon black, a substance that contains graphite material essential to providing an electric pathway within batteries for energy to surge. 

Source: By LI COHEN, https://www.cbsnews.com/, November 28, 2023

MG partners with Charge Zone to expand EV charging network

MG Motor India has collaborated with Charge Zone in order to expand the EV charging network across the country. This partnership will see both brands jointly establish charging stations across key locations, including highways, cities, and MG dealerships. As a part of the collaboration, both organisations will work together to structure a preferential offer exclusively for MG customers. The charging stations will be open for public use for all EV owners and integrate into the Charge Zone app. MG claims to be accelerating its commitment to establish an Electric Vehicle (EV) ecosystem in India by introducing a six-way charging solution. This will aid in facilitating convenient EV charging options for its customers. The carmaker currently has a network of over 12,000 chargers.

Source: By Aditya Nadkarni, November 29, 2023

TOP

Defence & Solar

India set to begin ambitious defence projects worth Rs 1.4 trillion

India is poised to grant preliminary approval for three major indigenous projects, including the construction of another aircraft carrier, 97 additional Tejas fighters, and 156 Prachand light combat helicopters, with a combined value of approximately Rs 1.4 trillion, according to a report by The Times of India (TOI). The Defence Acquisitions Council, led by Rajnath Singh, is expected to initiate the "acceptance of necessity (AoN)"—the initial step in the procurement process—during a meeting scheduled for the end of the month, November 30. Following the AoNs, the procurement process will proceed to tender and commercial negotiations, culminating in the submission of the three deals to the Cabinet Committee on Security for final approval.

Source: https://www.business-standard.com/, November 24, 2023

Air force's tejas planes deal, upgrading su-30mki jets on defence meeting agenda

Ministry of Defence will take up talks on the acquisition of 97 TEJAS MK-1A aircraft and the task of upgrading 84 Sukhoi 30 fighter jets at the upcoming Defence Acquisition Council meeting on November 30. Both these projects are the biggest ever plans by the Air Force to upgrade its fleet and are going to cost Rs 1.4 lakh crore. The mainstay Su-30MKI fighter jet fleet is set to be upgraded under a plan that will include new avionics, radars and electronic warfare suites. The TEJAS MK-1A, known as Tejas, stands out as a modern 4-plus generation fighter aircraft, proudly boasting over 65% indigenous components. Among its notable features are an indigenously developed Active Electronically Scanned Array (AESA) radar, Beyond Visual Range (BVR) Missile capabilities, a sophisticated Electronic Warfare (EW) Suite, and the ability for Air-to-Air Refuelling (AAR).

Source: https://www.indiandefensenews.in/, November 29, 2023

Nasa open to help isro build its space station, ferry indian astronauts to iss next year

NASA Administrator Bill Nelson is on a multi-day visit to India to explore avenues for future collaborations between the space agencies of the two nations. NASA and ISRO have formally announced the formation of a Joint Working Group for cooperation on human spaceflight and are exploring other opportunities for working together in orbital debris studies and commercial operations in Earth orbit. The NASA-ISRO Synthetic Aperture Radar, a first-of-its-kind joint mission is slotted for launch early next year, with the spacecraft currently undergoing testing at ISRO's facilities in Bangalore.

Source: https://www.indiandefensenews.in/, November 29, 2023

India to begin trials of indigenous Zorawar tanks soon

Preparing to tackle the threat on the Chinese front, India will begin trials of the Zorawar light tank, being developed by DRDO and Larsen and Toubro, from the end of this year. The indigenous tanks would be operated extensively in the desert sector before taking them to the high altitude locations of Ladakh. The light tank project is being undertaken by the Indian Army to improve its mobility and manoeuvring abilities in Ladakh sector, where the Chinese have also brought in their light tanks in large numbers, they said. To tackle threats from China, the Indian Army had mooted the idea of having similar abilities. The project was cleared recently by the Defence Acquisition Council.

Source: By Manjeet Negi, https://www.indiatoday.in/, November 17, 2023

India said to add $5 billion aircraft carrier to counter china

India is set to add another aircraft carrier to its fleet worth almost 400 billion rupees ($4.8 billion) as it seeks to counter China’s naval presence in the Indian Ocean region, according to people familiar with the matter. The Defence Acquisition Council — the country’s top defence decision making body headed by defence minister, Rajnath Singh — is expected to clear the acquisition of its second indigenous carrier on Friday, people with direct knowledge of the development said, asking not to be named because the discussions are private. The new carrier, which can hold at least 28 fighter jets and helicopters and displaces 45,000 tons of water — a measure of size for ships, will be flying the French Rafale jets, the people said.

Source: https://www.indiandefensenews.in/, November 29, 2023

TOP

Consumer Electronics

Apple, Samsung and other electronic giants' imports fall in 5 years on local play

Leading consumer electronic companies such as Apple, Samsung, Dixon Technologies and Havells saw a significant reduction in imports as a percentage of sales in the last fiscal year from the pre-Covid period, according to the latest regulatory data filed by them. This indicates companies are increasing production and local sourcing in categories such as mobile phones, LED lights and televisions where the government has pushed for this through policies such as the production-linked incentive scheme, industry executives said. However, export earnings have largely continued to lag behind for most companies. The contribution of exports to sales has largely remained flat or is only marginally up in the past four-five years.

Source: https://economictimes.indiatimes.com/, November 27, 2023

Attractive credit schemes fuelling sales of automobiles, electronics, consumer durables

Longer-tenure EMIs (equated monthly instalments), buyback guarantees, and other sweeteners are fuelling sales of automobiles, consumer durable and electronic goods as a spike in prices and a propensity to up-trade to higher trim models are making such borrowing schemes more popular. However, brands said they may have to forsake some of their margin if the cost of borrowing goes up for such consumer loans – especially for no-cost EMIs whose interest cost they either bear alone or with retailers – after the Reserve Bank of India increased the risk weight on consumer credit including credit card receivables and bank loans to NBFCs by a fourth.

Source: By Shally Mohile & Writankar Mukherjee, https://economictimes.indiatimes.com/, November 22, 2023

Samsung Smartphones to Dominate 42 Countries in 2023 vs 46 in 2022

Samsung is projected to secure the leadership position in terms of market share in 42 countries in 2023, down from the 46 it dominated a year ago, according to Counterpoint Research’s Quarterly Market Monitor report. The current analysis, which includes a total of 74 nations, indicates that while Samsung is expected to concede its leading position in six countries, including the Philippines, it will concurrently regain the top spot in two nations, India and Malaysia. Expressly, Samsung will be losing first rank in four countries this year. The Philippines, Algeria, and Kuwait are among the six countries where Samsung is poised to lose its top position. Historically, the Philippines has been a robust market for Samsung, boasting a substantial share of shipments within Southeast Asia. However, the dynamics are shifting, especially with the fervent reception of the realme C55 model released during H1 2023.

Source: https://www.counterpointresearch.com/, November 24, 2023

Global Smartphone Sales Share by Operating System

The global smartphone OS landscape is dominated by Android and iOS, with a small presence of HarmonyOS. Android is the clear leader with a market share of 81% in Q3 2023. iOS has a market share of 16%. Showing promising growth, Huawei’s HarmonyOS has captured a 3% share. Android is popular among smartphone brands due to its deep-rooted experience in software and its open-platform nature. This helps brands produce custom operating systems to meet the specific requirements and preferences of their target consumers. Android does not face any strong competition in the ecosystem outside of iOS. iOS is strong in developed markets and has begun to gain momentum in emerging markets. Consumers in emerging markets are becoming more mature and willing to spend more to buy phones like iPhones, which have strong brand value.

Source: https://www.counterpointresearch.com/, November 23, 2023

TOP

EMSIF

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

Simplification in principal place of business norms mooted for MSMEs

In a move to help facilitate small business houses in the country for goods and services tax or GST registration, simplification in the principal place of business or PPoB norms has been mooted to be mandated in every state. The move the government aims at empowering micro, small, and medium enterprises (MSME) sector where the simplification of certain rules would further help the online sellers to expand their businesses, according to a top official in the finance ministry. In line with the Parliamentary panel’s recommendations, the implementation of a single home-state PPOB registration and subsequent virtual PPOB registrations for small sellers have been proposed.

Source: https://www.deccanchronicle.com/, November 28, 2023

MSME lender Red Fort Capital launches invoice discounting for small businesses; check details

NBFC lender to small businesses, Red Fort Capital Finance Company on Tuesday launched its invoice discounting solution to help MSMEs tide over gaps in working capital requirements. The invoice discounting mechanism involves a financing arrangement where a business sells its unpaid bills to a third-party financier, such as a bank, at a reduced rate for quick access to working capital. The financier later collects the full amount from the customer upon the invoice’s maturity. According to the NBFC, invoices ranging between Rs 20 lakh to Rs 1 crore (unsecured) and up to Rs 3 crore (secured) are disbursed with up to 90 per cent of the invoice value in less than 24 hours.

Source: https://www.financialexpress.com/, November 28, 2023

Andhra CM to inaugurate, launch 21 MSMEs on November 29

Chief Minister YS Jagan Mohan Reddy will inaugurate and take part in the groundbreaking ceremony of 21 MSME projects worth Rs 286 crore in the State on Wednesday. They include 17 infrastructure development projects and four flatted factory complexes spread across 18 districts. AP Industrial Infrastructure Corporation (APIIC) Vice-Chairman and Managing Director Pravin Kumar on Tuesday said the 21 MSME projects are expected to attract Rs 1,782 crore investments, besides generating employment for 18,034 people. The projects are being taken up by the State government with financial assistance from the Centre under the Micro and Small Enterprises Cluster Development Programme (MSE-CDP).

Source: https://www.newindianexpress.com/, November 29, 2023

65% of MSME firms found manufacturing substandard drugs since Dec: Report

The government has identified a huge number of pharmaceutical companies in the micro, small and medium enterprise (MSME) sector that are manufacturing substandard drugs, a report by the Economic Times (ET) said. A person with knowledge of the matter told ET that over 65 per cent of MSME enterprises were found to be manufacturing drugs that were not of standard quality (NSQ) during risk-based inspections of pharma companies undertaken since December last year. The Central Drugs Standard Control Organisation (CDSCO) and state drug inspectors have been conducting these inspections as part of a massive nationwide crackdown on spurious and substandard medicines.

Source: https://www.business-standard.com/, November 29, 2023

ICAI meet to focus on MSMEs and start-ups

The Southern Indian Regional Council of the Institute of Chartered Accountants of India (ICAI) in Puducherry is organising an “MSME Sahyog and Start-up Samvad” programme here on Wednesday to foster collaboration and support for Micro, Small, and Medium Enterprises (MSME) and the innovator ecosystem. The event with free entry, hosted by the ICAI’s “MSME and Start-up Committee”, has been scheduled from 10 a.m. to 5 p.m. at the MIT Auditorium, Manakula Vinayagar Institute of Technology, Kaleerthalkuppam, Madagadipet.

Source: https://www.thehindu.com/, November 27, 2023

 TOP

ELCINA EVENTS , ACTIVITIES & SERVICES 

TOP

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….

TOP

FORTHCOMING EVENTS &  GENERAL INFORMATION 

	Consumer Technology Association. JAN 9-12, 2024 LAS VEGAS, NV https://www.ces.tech/about-ces.aspx
	Hong Kong Electronics Fair 2024 13-16 Apr 2024 - Physical     Fair 6-23 Apr 2024 - Click2Match (Online)  13 Mar-12 May 2024 - hktdc.com Sourcing  Hong Kong Convention and Exhibition Centre               https://www.hktdc.com/event/hkelectronicsfairse
	China (Guzhen) International Lighting Fair 2024 MESSE FRANKFURT 9-12 JUNE,2024 Guzhen Convention and Exhibition Center, Zhongshan, CHINA https://guangzhou-international-lighting-exhibition.hk.messefrankfurt.com/guangzhou/en.html
	Appliance & Electronics World Expo 2024 14 - 17 Mar 2024 Shanghai New International Expo Centre(SNIEC), Shanghai, China https://www.awe.com.cn/
	Wire Dusseldorf 2024      Messe Düsseldorf GmbH 15 - 19 Apr 2024 Messe Düsseldorf,Am Staad, Düsseldorf, D-40474 Germany https://www.wire-tradefair.com/
	International Battery Seminar & Exhibit 2024  12 - 15 Mar 2024 Loews Royal Pacific Resort at Universal Orlando, Orlando, USA  https://www.internationalbatteryseminar.com/
	Automotive World Korea 2024 24 - 26 Apr 2024 COEX, Seoul, South Korea  https://www.automotiveworld.kr/
	Seoul International Electric Fair & Power Generation Korea 2024 03 - 05 Apr 2024 Coex Halls A & B, Seoul, South Korea https://sief.co.kr/fairDash.do?hl=ENG
	SOURCE INDIA EVENT ELCINA 23-24TH JANUARY, 2024 Chennai Trade Centre, Chennai, TN https://event.sourceindia-electronics.com/
	Electronics for You Expo 2024 INDIA ELECTRONICS WEEK 31st-2nd FEB,2024 KTPO, WHITEFIELD, BENGLURU,INDIA https://www.indiaelectronicsweek.com/?
	Electronics for You Expo 2024 Thu, May 16, 2024 - Sat, May 18, 2024 Auto Cluster Exhibition Center, Pune, India, Pune, India https://www.efyexpo.com/pun