VOL XXIV, ISSUE 18

30 September 2023

Industry Scan

v EXPORTS

¨      Large Scale

1st Prize: TDK India Private Limited, Kalyani

2nd Prize: Syrma SGS Technology Ltd., Chennai

2nd Prize: AT & S India Pvt. Ltd., Mysore

¨      SME

1st Prize: Parker Overseas Pvt. Ltd., Ghaziabad

2nd Prize: Sahasra Electronic Solutions Limited

Certificate of Merit: KWK Resistors India Pvt. Ltd., Bangalore

Certificate of Merit: Sasmos HET Technologies Ltd., Bengaluru

v QUALITY

¨      Large Scale

1st Prize: Syrma SGS Technology Limited, Chennai

2nd Prize: AT & S India Pvt. Ltd., Mysore

Certificate of Merit: Molex India Private Limited, Bangalore

Certificate of Merit: Barco Electronic Systems Private Limited, Noida

¨      SME

1st Prize: XPRO India Limited, Bankura

2nd Prize: Vishay Semiconductor India Pvt. Ltd., Mumbai

Certificate of Merit: Avirata Defence Systems, Bangalore

Certificate of Merit: CII Guardian International Limited, Cochin

v ENVIRONMENT PROTECTION & SUSTAINABLE DEVELOPMENT

¨      Large Category

1st Prize: AT & S India Private Limited, Mysore

2nd Prize: Molex India Private Limited, Bangalore (Electronic Connectors)

2nd Prize: Molex India Private Limited, Bangalore (Wiring Harness)

Certificate of Merit: SFO Technologies Pvt. Ltd., Cochin

Certificate of Merit: Syrma SGS Technology Limited, Chennai

¨      SME Category

1st Prize: Elin Appliances Private Limited, Solan

Certificate of Merit: XPRO India Limited, Bankura

v RESEARCH & DEVELOPMENT

¨      Large Category

1st Prize: Molex India Private Limited, Bangalore

2nd Prize: Varroc Engineering Limited, Pune

Certificate of Merit: Imagine Marketing Limited (boat), Mumbai

¨      SME

1st Prize: Centre for Development of Telematics (C-DOT), New Delhi

2nd Prize: XPRO India Limited, Bankura

Certificate of Merit: MEL Systems and Services Limited, Chennai

v  EXCELLENCE IN INNOVATION

¨      Large Category

1st Prize: Continental Device India Pvt. Ltd., New Delhi

2nd Prize: Molex India Private Limited, Bangalore

Certificate of Merit: TDK India Private Limited, Kalyani

¨      SME

1st Prize: Centre for Development of Telematics (C-DOT), New Delhi

2nd Prize: Vehant Technologies Pvt. Ltd., Noida

Certificate of Merit: XPRO India Limited, Bankura

Certificate of Merit: Einnosys Technologies LLP, Ahmedabad

     v  BUSINESS EXCELLENCE

¨      Large Category

1st Prize: SFO Technologies Pvt. Ltd., Cochin

Special recognition for outstanding performance: CP PLUS (Aditya Infotech Ltd), Noida

2nd Prize: Continental Devices India Pvt. Ltd., Mohali

Certificate of Merit: Flextronics Technologies (India) Pvt. Ltd., Chennai

¨      SME Category

1st Prize: Sahasra Electronics Pvt Ltd, Noida

2nd Prize: XPRO India Ltd, Bankura

v EXCELLENCE IN PCB MANUFACTURING

¨      Large Category

1st Prize: AT & S India Pvt. Ltd., Mysore

2nd Prize: Epitome Components Pvt. Ltd., Ahmednagar

¨      SME Category

1st Prize: Multiline Electronics Pvt. Ltd., Pune

Certificate of Merit: Sulakshana Circuits Limited, Hyderabad

v MOST PROMISING START-UPS

1st Prize (EMS): Think Semi Infotech Private Limited, Chengalpattu

1st Prize (R&D): Silizium Circuits Private Limited, Telengana

2nd Prize (EMS): Coratia Technologies Healthcare Pvt. Ltd., Odisha

2nd Prize (R&D): CoreData Networks Pvt. Ltd., Noida

Certificate of Merit (Woman Startup Award): Medblue Innovations Pvt. Ltd., Lucknow

v ELCINA Special Jury Awards 2022-23

• Outstanding Performance in Promoting ESDM Sector: Tamil Nadu Guidance Team - led by Thiru. V. Vishnu, IAS. Managing Director & Chief Executive Officer, Guidance
• Exemplary Contribution to Development of Electronics Sector in India: India Semiconductor Mission Team led by Shri Amitesh Sinha, IRAS, Joint Secretary, Ministry of Electronics & IT
• Exemplary Contribution to Development of Semiconductor Eco-System in India: Applied Materials India Pvt. Ltd., Faridabad
• Outstanding Contribution to Technology & Value Chain Development for Electronics Manufacturing: MacDermid Alpha Electronics Solutions, Chennai
• Electronics Company of the Year: Kaynes Technology India Pvt. Ltd., Mysore
• Electronics Man (Person) of the Year: Guruprasad Mudlapur - President Bosch Group in India and Managing Director Bosch Automotive Electronics India Pvt.Ltd., Bangalore

ELCINA extends hearty congratulations to all the winners for their exceptional contributions to the Electronics Manufacturing industry in India. These achievements serve as a testament to the industry's excellence and serve as an inspiration for further innovation and growth.

ELCINA's "Electronics Man of the Year" Guruprasad Mudlapur Explains The Imperative Strategies to Elevate India's Automotive and Semiconductor Sector

In an exclusive interaction, Managing Director of Bosch Limited Guruprasad Mudlapur stated the supply chain constraints are still the major challenges for the automotive industry all over the world. The production of semiconductor chips is gaining momentum, but the industry needs to increase the pace. After the COVID-19 and with the assistance of PLI schemes and other policies, India now has an immense opportunity to grow its ESDM, automotive, and semiconductor industry. Over the years, Bosch has invested both in R&D and in manufacturing in India and in the coming years, the company is planning to set-up more manufacturing units backed by billions of investments.

Indian Semiconductor Market to Reach USD 149.05 Bn by 2029, emerging at a CAGR of 27.2 percent and forecast 2023-2029

India has become a semiconductor design hotspot, with roughly 2,000 chips designed each year and over 20,000 experts working on various aspects of chip design and verification. The semiconductor industry is split into two parts: fables, which deal with design and fabrication, and semiconductor foundries, which make the finished microchip. Very-large-scale integration (VLSI), embedded software, and electronic design automation (EDA) are the three types of semiconductor design. VLSI controls the majority of the Indian semiconductor design sector. While VLSI is big in Bengaluru, the majority of India's EDA operations are in Noida.

Source: https://www.openpr.com/, September 29, 2023

India looking to become a $300 billion electronics industry by 2025, says Chandrasekhar

Rajeev Chandrasekhar, minister of state for electronics and information technology, said that in the next three years, India's impetus in the tech sector manufacturing will lead to close to 50 lakhs jobs. At The Times of India Right To Excellence Tech Summit 2023, Chandrashekhar said that companies like Micron, Apple, and others are looking for trustworthy partners and companies.

Source: https://timesofindia.indiatimes.com/, September 29, 2023

India's ascent: a multi-pronged strategy for global leadership in electronics manufacturing

India’s impressive strides in the electronics manufacturing industry have captured global attention, solidifying its position as a key player on the international stage. Several factors, including a vast trainable workforce, cost-effective manufacturing, robust digital infrastructure, and a burgeoning consumer market, have contributed to the increasing appeal of India's manufacturing potential. The country’s prowess in producing high-quality electronic goods is increasingly being recognised and sought after by international markets. A growing number of foreign companies are now establishing manufacturing units within the country’s borders, driving economic growth and creating jobs.

Source: https://yourstory.com/, September 28, 2023

Electronica India And Productronica India shine the spotlight on the Indian electronics industry with unprecedented participation in Bengaluru

The 2023 edition of ELECTRONICA INDIA AND PRODUCTRONICA INDIA, South Asia’s leading trade fairs for the electronics industry, concluded on a successful note on September 15, 2023. The three days show was abuzz with activity, as attendees flocked to the exhibition floor to see the latest products and technologies from leading suppliers which took place at the Bangalore International Exhibition Centre (BIEC) from September 13 to 15.  The trade fairs attracted 39,133 visitors and more than 1,800 + buyer-seller meetings were conducted, where more than 600 companies from 24 countries showcased innovative products and solutions at the expo.

Source: https://www.ptinews.com/, September 26, 2023

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        POLICY SCAN                                                                                    

      1. The Indian government has extended the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme until June 30, 2024. This scheme provides a mechanism for reimbursement of taxes, duties, and levies at the central, state, and local levels that are currently not being refunded under any other mechanism. The extension of the RoDTEP scheme is expected to have a positive impact on domestic manufacturing, exports, and job creation. It will also help the exporting community negotiate export contracts in the international environment on better terms.

2. In reference to the ELCINA representation dated 20^th June 2023, “Continuation of Customs Tariff Heading 9801: Project Imports - Supporting Growth of Electronics Industry”.

-The Ministry of Finance has extended the exemption/reduced effective rate regarding Basic Customs Duty to certain specified project imports till 30 September 2025. The exemption was earlier expiring on 30 September 2023.

- Notification No. 54/2023-Cus., dated 14 September 2023 has been issued for the purpose.

3. In reference to the ELCINA representation dated 16th June 2023, “Urgent Appeal to Retain IGST Exemption for Electronics Manufacturing Units under MOOWR Scheme”.

- The Manufacturing & Other Operations In Warehouse (MOOWR) scheme , introduced in October 2019, was specifically designed to promote domestic manufacturing and align with the Government's vision of "Make in India for the World." Under this scheme, companies are provided with the option to defer payment of import duties, enabling them to utilize working capital for enhancing their manufacturing activities. The MOOWR scheme has been positioned at par with other export promotion schemes such as Special Economic Zones (SEZ) and Export Oriented Units (EOU), attracting numerous manufacturers to transition to the MOOWR dispensation.

-As per the Finance Bill, 2023, proposed amendment to Section 65A of the Customs Tariff Act 1962 and  intends to withdraw the IGST exemption on inputs imported into duty-free bonded warehouses for manufacturing goods meant for exports under MOOWR .

- As per ELCINA representation, the Ministry of Electronics and IT (MeitY), Office Memorandum dated 18 August 2023. : The additional mandate for payment of IGST/Compensation Cess under Section 65A of the Customs Act (MOOWR Scheme) shall not be applicable on manufacturing of electronics, semiconductor, etc. under the MOOWR. 

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          INDUSTRY  SCAN                                                                           

       General

India’s homegrown semiconductor maker CDIL to make components for EV and solar panels

India’s homegrown semiconductor maker Continental Device India Private Limited (CDIL) on Thursday announced a new surface mount semiconductor packaging line at its Mohali campus. With this, CDIL now has 10 assembly lines that are going to raise its total capacity at the facility to 600 million units, annually. Established in 1964, CDIL has become India’s first Silicon Carbide components manufacturer and aims to fuel the growing demands of electric vehicle (EV), power management (like UPS) and solar energy industry with high power and more efficient components.

Source: By Haider Ali Khan, https://www.thehindu.com/, September 29, 2023

Micron Technology signs deal with Tata Projects to build new facility in Sanand, starts hiring process

US chipmaker Micron Technology on Saturday organised a groundbreaking ceremony at the Sanand industrial area of Gujarat to flag off the construction of the new semiconductor testing and packaging plant in Sanand, Gujarat. The US chipmaker has tied with Tata Projects for the facility, which is slated to be built with a $2.75-billion investment in the first phase. The company also said it has started the recruitment process for the new plant. PM Narendra Modi signed the agreement with Micron during his US visit on June 22.  The semiconductor firm will be investing $825 million in Gujarat over a period of seven years to construct the facility which will come up in two phases. The combined investment of $2.75 billion is projected to create around 5,000 direct jobs and offer 15,000 community job opportunities over the next five years.

Source: https://www.businesstoday.in/, September 23, 2023

Karnataka delegation holds talks with US-based semiconductor companies MKS Instruments, Orbia, and Aptiv PLC

Large and Medium Industries Minister MB Patil who is leading the Karnataka delegation that is on the USA visit invited global leading automotive technology supplier Aptiv PLC to explore the possibility of setting up R&D centres in Mysuru, and Hubballi-Dharward. Holding talks with the representatives of the company on Wednesday, he presented ideas about the development of a local supplier base for semiconductors. Further, establishing connections with Original Equipment Manufacturers (OEM). and assembly, testing, marking, and packaging (ATMP) for Aptiv’s products were also actively discussed.

Source: By Vighnesh Pawar, https://thebengalurulive.com/, September 28, 2023

Capgemini Acquires HDL Design To Expand Semiconductor Capabilities

Capgemini has just acquired HDL design house which specialises in silicon design and verification services to enhance the firm’s presence in Eastern Europe and extend global silicon engineering. This acquisition comes at a time when its profit rose to almost $900 million dollars for the first half of 2023. This acquisition comes at a time when the French IT firm has been expanding their generative AI capabilities by investing more than $2 billion euros in this space. A little earlier this year, it partnered with Microsoft to create an ‘Intelligent App Factory’ to help businesses create sustainable generative AI solutions.

Source: https://analyticsindiamag.com/, September 28, 2023

Tata Group Soon To Invest Rs 200 Crore For its New Semiconductor ATMP Unit in Kolar District

At the Kolar district in Narasapura region, Tata Group after acquiring Wistron’s iPhone manufacturing plant is now planning to invest Rs 200 Crore for a new semiconductor testing and packaging unit. As per reports, the company is also planning to provide 155 new employment opportunities. According to a state industries department official, the investment will happen soon because Tata has shown interest in the semiconductor industry for the past one year. ATMP plays a pivotal role in this industry because after the chip is printed, it has to be tested and packaged properly before it is shipped to manufacturers. This investment plan by Tata Group is closely associated with Karnataka Government’s initiatives to boost industrial manufacturing in the state.

Source: https://circuitdigest.com/, September 20, 2023

TOP

Information Technology

Digital India Bill: Govt may ban new tech if it poses a risk to users, country

Regulating new and emerging technologies have never been easy. Till now, the norm has been that a new tech would burst into the scene, and then, a government would try to grapple with it. For instance, the call for regulation on cryptocurrency and generative AI followed a similar trend. To break this cycle, in the upcoming Digital India Bill, the government may bring in provisions that would prohibit (by notification) certain new and emerging technologies if they are likely to cause harm to users, discriminate against a group, or if it poses a threat to national security.

Source: By AIHIK SUR, https://www.moneycontrol.com/, September 29, 2023

ChatGPT gets access to realtime data, all set to disrupt flow of news and information

 ChatGPT can now access real-time information on web, meaning users would now be able to use the chat bot to access news and information on current affairs. ChatGPT’s parent company OpenAI said Wednesday (Sep 27) that the bot would now access data beyond its previously specified September 2021 cutoff. It added that the news companies will still have full control over determining how the bot can interact with their websites and news content. Premium users of ChatGPT initially were given access to latest information through Bing search engine but the feature was discontinued later amid fears that it might allow users to bypass paywalls.

Source: https://www.wionews.com/, September 28, 2023

Amended IT rules offer remedy to victims of fake news: Centre to HC

The recent amendment to India's information technology rules provides a grievance redressal mechanism for victims of fake news and false information on social media, according to Solicitor General Tushar Mehta. The amendment is being challenged by satirist Kunal Kamra and media organizations, who argue that it infringes on freedom of speech and expression. The Bombay High Court expressed concerns about the lack of recourse for individuals whose posts are removed or accounts suspended based on the fact-checking unit's assessment.

Source: https://www.hindustantimes.com/, September 28, 2023

IBM Collaborates With Government To Scale Digital Skills Training

IBM, the Ministry of Education, and the Ministry of Skill Development and Entrepreneurship have tied up to provide curated courses to empower youth in India with future-ready skills. The collaboration will focus on the co-creation of curriculum and access to IBM's learning platform, IBM SkillsBuild, for skilling learners across school education, higher education and vocational skills on emerging technologies like AI, including generative AI, cybersecurity, cloud computing and professional development skills. According to IBM, the tech major's collaboration with MoE and MSDE spans across three core levels of education.

Source: https://www.bqprime.com/, September 28, 2023

Cisco’s $28 billion Splunk deal may ignite software deal frenzy

Cisco Systems’ $28 billion deal for Splunk is likely to prompt other technology giants to splash out on similar acquisitions of software vendors with predictable subscription revenue, investment bankers and analysts say. Splunk, a cybersecurity and data analytics firm, was in the process of shifting its business model from licensing its software to charging for subscriptions when it announced an agreement last week to sell itself to Cisco, making it the third-largest software acquisition of all time.

Software: https://indianexpress.com/, September 26, 2023

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Telecom

MTNL seeks shareholders' nod to raise ₹3,126 crore via bonds

Mahanagar Telephone Nigam Limited, state-owned telecom company, Monday said it will seek shareholders' approval to raise ₹3,126 crore through debt bonds against sovereign guarantee. The company in a regulatory filing said it “had issued notice dated 31st August 2023 (“AGM Notice") & Addendum of 37th AGM dated 06.09.2023 for convening of the 37th Annual General Meeting (“AGM") of the members of the company scheduled to be held on Friday, September 29, 2023 at 11:30 A.M. through Video Conferencing (VC)/"Other Audio Visual Means (OVAM)."

Source: https://www.livemint.com/, September 25, 2023

Vodafone Idea shares dip, company denies sale to US telecom majors

Vodafone Idea shares today witnessed sell off pressure during stock market's opening bell today. Vodafone Idea share price today opened with upsiee gap but soon witnessed heavy sell off and hit intraday low of ₹11040 apiece levels on NSE, logging around 2.50 per cent dip against its Friday close of ₹11.70 apiece on NSE. However, the Indian telecom major witnessed some buying at its intraday low and pared some of its early morning losses. On weekend, some media reports were doing the round that some US telecom majors — Verizon, Amazon, or Starlink are in race to acquire the Indian telecom company.

Source: https://www.livemint.com/, September 18, 2023

Airtel asked by TRAI to Pay Rs 2.81 Crore Penalty

Bharti Airtel, a leading communications player in India, has been penalised by TRAI (Telecom Regulatory Authority of India) recently. TRAI has levied a financial disincentive or in simple words, a penalty of Rs 2,81,39,000 on Airtel. The telecom operator has disclosed the information on a listing in the stock exchanges. TRAI sent the order to Airtel on September 27, 2023. The telecom regulatory body has levied a financial disincentive on Airtel because the telco couldn't curb the unsolicited commercial communications (UCC) sent on its network. UCC in simple terms is spam or unwanted messages by the customers.

Source: https://telecomtalk.info/, September 29, 2023

Govt Working on a Fresh National Frequency Allocation Plan: Report

The central government is working to bring a fresh and updated National Frequency Allocation Plan (NFAP). This is a central policy that gives a broad overview of how the spectrum will be given to the companies across sectors such as telecom, broadcasting, and space. According to a Business Standard report, the government is working on an updated version of the NFAP. There has been a lot of confusion over how spectrum should be allocated to the space communication players as well as how private players looking to build captive 5G networks should get it.

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

No plans for OTTs sharing revenue with telecom companies, says govt

There is no plan to direct over the top (OTT) communications players who generate large amounts of traffic to give a ‘fair and proportionate’ share of their revenues to telecom network operators, the Communications Ministry has said. The ministry’s view is significant as telecom network operators have been escalating this issue since July when Trai issued a consultation paper called ‘Regulatory Mechanism Over OTT Communication Services and Selective Banning of OTT Services’. One area Trai is seeking opinions on is whether a collaborative framework is needed between OTT service providers and telecom service providers. Related to this is what potential challenges could emerge from such a framework on net neutrality, consumer access and consumer choice.

Source: https://www.business-standard.com/, September 25, 2023

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EV’s & Auto Electronics

Maruti Chairman: Instead of EVs, India should shift to hydrogen and ethanol cars

In a recent address at the 50th National Management Convention organized by the All India Management Association (AIMA), R.C. Bhargava, the Chairman of Maruti Suzuki, made a compelling case against electric vehicles (EVs) in India. Bhargava argued that EVs wouldn’t be environmentally friendly until at least 50% of India’s electricity comes from renewable sources. He proposed a shift towards hybrid fuels like compressed natural gas (CNG) and green fuels such as ethanol and hydrogen as a more pragmatic alternative. Bhargava voiced his concerns about the carbon footprint of electric cars in India, emphasizing that 75% of the country’s electricity is generated from coal.

Source: https://www.cartoq.com/, September 28, 2023

Shuzlan Energy joins Transvolt Mobility to provide EV charging solutions

Shuzlan Energy Private Limited announced a partnership with Transvolt Mobility. This collaboration marked a significant milestone in their aim towards electrifying public transportation with the signing of an agreement to provide India’s largest EV Charging Point Operator (CPO) infrastructure for 1,000 buses. These EV chargers will be placed throughout India, with the first hub’s operations at the Mira Bhayander Depot of the Mira-Bhayandar Municipal Transport (MBMT). This hub is projected to be the region’s lifeline for powering 57 public transport buses, striving to usher in a new era of efficient and clean public transport.

Source: https://mediabrief.com/, September 28, 2023

India's electric vehicle sales zoom past 1 million in 2023, shows data

Electric vehicle (EV) sales in India topped the 1 million mark in less than nine months in 2023, a milestone that took an entire year in 2022. According to data from the Ministry of Road Transport and Highways’ Vahan Dashboard, 1,037,011 EVs were registered with regional transport offices till September 19, accounting for 6.4 per cent of the total automobile sales in the country this year. The sales surge can be attributed to increased individual purchases as well as business-to-business (B2B) acquisitions by EV fleet operators, industry sources said. Additionally, the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-II) initiative and the expansion of charging infrastructure have played a significant role in boosting EV adoption, they said.

Source: https://www.business-standard.com/, September 20, 2023

Tesla's rival Vietnamese EV maker VinFast plans billion dollar investment in India: Report

Vietnam-based electric vehicle maker VinFast Auto, which is deemed as Tesla's rival is planning to set up a manufacturing unit in India, according to a report by the Economic Times. VinFast Auto emerged as the world's third-most valuable carmaker last month. As per the report, the Vietnamese EV maker could set up a plant either in Gujarat or Tamil Nadu. At present the talks are at the preliminary stage but VinFast Auto is keen to enter India, the report said citing sources. However, there is no clarity whether VinFast is looking at exports or whether the new production unit would only serve the Indian market.

Source: https://www.livemint.com/, September 28, 2023

TOP

Defence & Solar

Defence Minister Rajnath Singh Formally Inducts C-295 MW Transport Aircraft Into The Indian Air Force

Union Defence Minister Rajnath Singh inducted the Indian Air Force's first C-295 MW transport aircraft at the Hindon Airbase in Ghaziabad, while inaugurating the "Bharat Drone Shakti-2023" exhibition there. Top military officials including Air Chief Marshal VR Chaudhari were present during the induction ceremony.

Source: businesstoday.i, September 25, 2023

Amid Hardeep Nijjar killing row, Canada defence minister speaks up on ties with India

Canada's defence minister Bill Blair on Sunday termed the ties with India as “important” even as Prime Minister Justin Trudeau called for the Indian government's cooperation, after his explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar on June 18 in British Columbia. While Blair didn't say whether the Canadian government’s Indo-Pacific strategy could be reassessed in light of escalated diplomatic tensions between the two nations, he suggested Canada will continue to pursue those partnerships while the investigation into allegations continues.

Source: By Aniruddha Dhar, https://www.hindustantimes.com/, September 25, 2023

Defence Procurement Board discusses Navy’s proposal for a second Vikrant-like aircraft carrier

The Defence Procurement Board (DPB) last week discussed the Indian Navy’s proposal for acquiring a second Vikrant-like aircraft carrier displacing 45,000 tonnes, and estimated to cost of around ₹40,000 crore, according to defence sources. However, the DPB is yet to clear it after which it will be put for final approval by the Defence Acquisition Council (DAC) headed by the Defence Minister, a source said. The DPB which met last Friday discussed the issue and they are expected to continue in the next meeting as well, the source said.

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

India's new long-range anti-ship missile to have range of over 500 km, more than brahmos

According to a report by Times Now, the missile being tested is likely to be a new long-range anti-ship missile (LRSAM) developed by the Defence Research and Development Organisation, with a range of more than 500 kilometres. In a significant development, India is preparing for the maiden trial of a highly anticipated long-range anti-ship missile. The trial is scheduled to take place early next month, from Abdul Kalam Island, off the coast of Odisha, in the Bay of Bengal. The Notice to Airmen (NOTAM) issued by India suggests that the test will be conducted between 5 to 9 October.

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

Not atags, vajra or dhanush. A new gun will be the mainstay of indian artillery

It’s not the indigenous Dhanush or the Advanced Towed Artillery Gun (ATAGS) but the new 155 mm/52 Calibre Towed Gun Systems (TGS) that’s earmarked to be the mainstay gun of the artillery in the future. Sources in the defence and security establishment told that while a Request for Proposal (RFP) for ATAGS had been sent to the Indian firms Kalyani Group and TATA — both of which have developed the weapon — what the Army is actually looking at is the much lighter and more agile TGS, which has more automation than ATAGS. In December last year that the Indian Army issued a fresh Request for Information (RFI) to acquire a 155mm/52 calibre TGS that had opened up a new avenue for induction of an Israeli gun that the Army was keen on.

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

TOP

Consumer Electronics

Midcap Consumer Electronics Stock Hit 52-Week High, Gains Over 3%, Soars 926.92% in 5 Yrs

Dixon Technologies (India) Ltd. rallied 3.44% or Rs 175.10 to close at Rs 5,271.20 apiece on the BSE. It hit a new 52-week high with an intraday high of Rs 5,298.95, while it hit an intraday low of Rs 5,033.90 on Wednesday. It has a market cap of Rs 31,475.08 Crore. The stock has outperformed the Sensex over the past 5 years. It gained 8.27% in 1 week, and 8.81% in the past 1 month. The stock rallied 20.36% in 3 months and 88.31% in 6 months, respectively. It gave 25.87% in 1 year, and 17.66% in 2 years. The stock has given a robust return of 200.26% in 3 years and 926.92% in 5 years.

Source: https://www.goodreturns.in/, September 27, 2023

Lithium-ion Battery for Consumer Electronics Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Lithium-ion Battery for Consumer Electronics Market size accounted for USD 4.9 Billion in 2022, growing at a CAGR of 14.5% from 2023 to 2033. the Lithium-ion Battery for Consumer Electronics Market is defined as the sector of the battery industry dedicated to providing lithium-ion batteries for a wide range of consumer electronic devices. It is primarily driven by factors such as the proliferation of consumer electronics, advancements in battery technology, growing IoT applications, evolving consumer expectations, environmental concerns, government regulations, and the influence of electric mobility trends. These factors collectively contribute to the markets growth and innovation.

Source: https://www.benzinga.com/, September 28, 2023

OpenAI turning to designer Jony Ive for 'AI iPhone': Report

Apple's former lead designer Jony Ive is in talks to team up with ChatGPT creator OpenAI to create an "iPhone of Artificial Intelligence," the Financial Times reported on Thursday. Citing three unnamed sources, the report said OpenAI CEO Sam Altman had turned to Ive's company LoveFrom to develop what would be the ChatGPT creator's first consumer device. The project would be financed with an investment of $1 billion by Japanese conglomerate Softbank, with its chip design company Arm playing a key role.

Source: https://gulfnews.com/, September 28, 2023

Appliances, consumer electronics sales likely to grow 20% during festivals

Buoyed by a good start with Onam in the southern markets, the appliances and consumer electronics industry expects around 18-20 per cent value-driven growth this festive season which is coinciding with the ICC Men's Cricket World Cup. The cricket World Cup tournament is coinciding with the festival season in India for the first time after 1987, and the industry expects the country's most popular sport to act as a catalyst, leading to growth in sales of TV, especially with bigger screen sizes as well as audio products such as battery-powered party speakers, soundbars, wireless headphones and ear buds.

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

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EMSIF

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

SIDBI to launch app-based 'invoice financing' loans platform 'GST Sahay' for MSMEs: CGM

With an aim to enhance the economic and financial sustainability of micro, small and medium enterprises (MSME), the Small Industries Development Bank of India (SIDBI) is in the process of launching an app-based 'invoice financing' loans platform 'GST Sahay', an official said. This was announced by SIDBI, Chief General Manager (CGM), Rahul Priyadarshi at a customer outreach programme here on Wednesday.

Source: https://www.zeebiz.com/, September 28, 2023

MSME Minister holds discussions on issues pertaining to electricity charges

Micro Small and Medium Enterprises (MSME) Minister T.M.Anbarasan on Tuesday held discussions with stakeholders from the MSME sector regarding the ongoing issues pertaining to electricity charges. Minister for Industries, Investment Promotion and Commerce T.R.B.Rajaa was also present at the meeting that happened in Chennai. J. James, one of the co-ordinators of Tamil Nadu Industrial Electricity Consumers Association, said the Ministers listened to their demands and said they will discuss and come back in three days. “We hope they will revert with a positive response,” he said.

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

Tamil Nadu MSMEs express displeasure over the outcome of the meeting with the Ministers

MSME (micro small and medium enterprise) associations of Tamil Nadu expressed displeasure and disappointment over the outcome of the meeting that they had with the State’s Industries and MSME Ministers along with other officials on Tuesday. Scores of MSME associations under the banner of The Tamil Nadu Industrial Electricity Consumers’ Federation held a meeting with T M Anbarasan, State Minister for MSMEs, T R B Raaja, State Industries Minister, and other officials from the government on Tuesday to discuss the challenges faced by the small units due to electricity tariff hikes.

Source: BY G BALACHANDAR, https://www.thehindubusinessline.com/, September 26, 2023

G20 declaration should spur govt to give big push to MSMEs: Experts

The declaration of G20 nations under India's presidency should spur the government to give a big push to the MSME sector by simplifying the regulatory process and enhancing their access to affordable capital, say experts. The commitments made in the G20's New Delhi declaration with regard to the MSMEs ought to be followed by the member nations as the sector has the potential to generate employment and promote sustained growth. Chairman of CII Delhi State Council and MD and CEO of Samtel Avionics Limited Puneet Kaura said the MSME is considered important the world over and the G20 declaration has once again underlined the need for extending financial and non-financial support by the governments to this sector.

Source: https://energy.economictimes.indiatimes.com/, September 25, 2023

Claims of more than 10,000 MSMEs accepted under Vivad se Vishwas-I scheme, says Govt

Government has said that the claims of more than ten thousand Micro, Small and Medium Enterprises (MSMEs) accepted under Vivad se Vishwas-I scheme. Union Finance Ministry said, this has led to a grant of more than 256 crore rupees to MSMEs and increased flow of bank credit through freeing up of guarantees. The Vivad se Vishwas scheme was launched for providing relief to MSMEs for the COVID-19 period. The Ministry said, the highest relief of over 116 crore rupees has been granted by the Ministry of Petroleum and Natural Gas. The relief provided under this scheme were in continuation to the efforts of the Government in promoting and sustaining the MSME sector severely impacted by the COVID-19 pandemic.

Source: https://newsonair.com/, September 26, 2023

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

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