VOL XXIV, ISSUE 14

31 July 2023

Top Stories Policy Scan

Industry Scan

ELCINA Update Upcoming Events

 

Top  Stories                                                                             

 

SemiconIndia 2023

 

ELCINA, SEMI Showcase India's Semiconductor Manufacturing Capability at SemiconIndia 2023 Exhibition

 

Electronic Industries Association of India (ELCINA) and SEMI, the global industry association that unites the entire electronics manufacturing and design supply chain, have jointly participated in the prestigious SemiconIndia 2023 Exhibition. The six-day event, underway at Mahatma Mandir, Gandhinagar, Gujarat, India from 25th July to 30th July, features three days exclusively dedicated to the student community for their skill development and three days exclusively for the business community. The ELCINA SEMI pavilion witnessed an illustrious gathering of industry leaders, including esteemed ELCINA members such as Semiconductor Laboratory, Sahasra Semiconductors, Applied Materials India, Imagine Marketing, Kaynes Technology, Bergen Group, Continental Device, PCB Power, HLBS Tech, Tesscorn Nanoscience, Highness Microelectronics, Rakon India, ESSCI, Matrix Comsec, and RIR Power Electronics. The event served as a remarkable platform to showcase the vast potential of India's burgeoning semiconductor ecosystem.

 

Source- ELCINA Press Release

 

SEMI Announces Intent to Host SEMICON India in Partnership with India Semiconductor Mission (ISM), India

 

AHMEDABAD, India and MILPITAS, Calif. – July 29, 2023 – SEMI today announced its intent to support the India Semiconductor Mission (ISM) in creating a vibrant semiconductor manufacturing and design ecosystem in India. The collaboration would build on the successful execution of ISM’s two editions of SemiconIndia and continue SEMI’s tradition of bringing stakeholders in the global end-to-end semiconductor ecosystem together. A Memorandum of Understanding (MOU) is under development.    

SEMI is in discussions with Electronic Industries Association of India (ELCINA) and Messe München India (MMI) as key partners to stage its flagship event. 

 

“For more than 50 years, the SEMICON platform has connected companies from across the global semiconductor industry to uncover new business opportunities, gain insights into market and technology trends, and collaborate to drive innovation and address top electronics industry challenges,” said Ajit Manocha, SEMI President and CEO. “With SEMI recognized worldwide as a key enabler of industry growth, the establishment of SEMICON India marks a significant step forward for the region.”  

 

The partnership will give Indian semiconductor and electronics companies access to more than 2,500 SEMI member companies across the global semiconductor and electronics manufacturing and design supply chain. Additionally, SEMICON India will provide a platform for stakeholder participation in critical SEMI initiatives across areas including Workforce Development, Sustainability and Supply Chain Management to advance industry growth.

 

Source- SEMI - Press Release

 

Govt to expand Semiconductor DLI scheme to larger, foreign firms: MoS IT

 

The government will expand the design-linked incentive (DLI) scheme for semiconductor companies to include larger companies – both foreign and Indian, as suggested by the industry stakeholders, Rajeev Chandrasekhar, minister of state for electronics and IT informed on Saturday. The government has set aside $200 million to help semiconductor design firms in innovation. So far, seven startups with product applications ranging from artificial intelligence (AI) to vector processes and image sensors have been approved for funding. The scheme is part of the $10 billion India semiconductor mission announced by the government in 2021. According to the current scheme guidelines, startups and Micro, Small and Medium Enterprises (MSMEs) as defined by the Department for Promotion of Industry and Internal Trade (DPIIT) are eligible to apply for the incentives. The programme is intended to create domestic intellectual property in the semiconductor space as well as design integrated circuits, chipsets, system on chips (SoCs) and processor cores.

 

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

 

PM Modi Unveils Plan for 300 Colleges to Teach Semiconductor Courses

 

Prime Minister Narendra Modi inaugurated Semicon India 2023 conference at Mahatma Mandir in Gandhinagar, Gujarat, on July 28. During the event, he expressed his vision for India to become the next semiconductor powerhouse in Asia. To achieve this goal, PM Modi emphasised the need to revamp the engineering curriculum and foster a robust semiconductor ecosystem. As part of this initiative, Prime Minister Narendra Modi said that more than 300 prominent colleges in India have been identified where specialised courses on semiconductors will be made available. This move is expected to contribute significantly to the growth and development of the semiconductor industry in the country. It is estimated that in the next 5 years, more than 1 lakh design engineers are going to be produced in our country. India’s growing start-up ecosystem is also going to strengthen the semiconductor sector.

 

Source: https://www.news18.com/, July 29, 2023

 

US chipmaker AMD to invest $400 million in India in next five years

 

US chipmaker Advanced Micro Devices (AMD), which specialises in graphics and high-performance computing, announced on Friday that it would invest $400 million in India over the next five years, and would build its largest design centre in Bengaluru. The design centre, with large lab space and high-end collaboration tools and configurations, is expected to open by the end of this year, the company said, adding that the facility will initially have about 1,000 employees. Additionally, the company will hire 3,000 engineers to grow its presence in India by 2028. The new centre, which will have an office area of about 500,000 square feet, will expand AMD’s office footprint in India to 10 locations.  The announcement came on the first day of the three-day SemiconIndia 2023 global summit, which aims to showcase India as a favoured destination for semiconductor development.

 

Source: https://www.business-standard.com/, July 28, 2023

 

PM Modi meets Foxconn chief days after Taiwanese firm breaks from $20 bn JV with Vedanta

 

Foxconn chief Young Liu met Prime Minister Narendra Modi in Gujarat’s Gandhinagar on Friday, where both attended Semicon India 2023 conference. The meeting comes days after the Taiwanese company withdrew from a $20 billion joint venture - Vedanta Foxconn Semiconductors Limited - that would have brought the first chip manufacturing plant in India. The tech giant, however, said that it is planning to apply separately to build a semiconductor manufacturing plant in the country. Sharing the picture of the meeting between the Foxconn chairperson and PM Modi, the prime minister's office tweeted that the PM welcomed Foxconn's plans to expand semiconductor and chip manufacturing capacity in India.

 

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

 

 

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Fortnightly Previous Edition

15 July 2023

      

         POLICY SCAN                                                                                    

 

EPCG scheme – Condonation of delay in submission of installation certificate

 

As part of measures to promote ease of doing business, the Directorate General of Foreign Trade (DGFT) has relaxed the procedure for acceptance of installation certificates under the Export Promotion Capital Goods (EPCG) Scheme. This relaxation applies to authorizations issued under Foreign Trade Policy (FTP) for the periods 2009-14 and 2015-20 (up to 31 March 2023) beyond the prescribed time limit. According to the new guidelines, the jurisdictional Regional Authorities (RAs) are allowed to accept installation certificates until 31 December 2023 for regularization. To avail this benefit, the authorization holder needs to pay a late fee of INR 10,000 per authorization, in addition to any applicable composition fee. However, there are certain conditions to be met:  

  • The installation certificate was obtained within the prescribed period, but it could not be submitted within the given timeframe.

  • The authorization holder must provide bona fide reasons for the delay in submitting the installation certificate.

  • The EPCG authorization under consideration should not be under any investigation or adjudication.

The relaxation is specified in DGFT Public Notice No. 22/2023, dated 13 July 2023, which has been issued to serve these purposes. This move is aimed at facilitating businesses that faced genuine challenges in meeting the initial submission deadlines for installation certificates, allowing them to regularize the process by paying the prescribed late fee and composition fee, if applicable.

 

 

Gold imports made ‘restricted’ – Imports by SEZ still ‘free’

 

As per Notification No. 19/2023 dated 12 July 2023, there have been amendments to the import policy and policy conditions for specific categories of gold under certain ITC (HS) codes. The import policy for gold under ITC (HS) codes 711319 11, 7113 19 19, and 7114 19 10 has been changed from 'Free' to 'Restricted' with immediate effect. However, there is an exception for gold covered under ITC (HS) Code 7113 19 11, which will be allowed for import freely without requiring any import license. This is permitted under the India-UAE CEPA Tariff Rate Quota. Additionally, Policy Circular No. 3/2023-24, dated 14 July 2023, clarifies that imports made by Special Economic Zone (SEZ) units under the mentioned ITC (HS) codes are not affected by Notification No. 19/2023. This exemption for SEZ units' imports has been granted based on Rule 27(1) of the Special Economic Zone Rules, 2006. To summarize, the amendments restrict the import of gold under specific ITC (HS) codes, with an exception for gold under code 7113 19 11, which can be freely imported under India-UAE CEPA Tariff Rate Quota. Import by SEZ units under the mentioned codes is not impacted by the amendments as per the DGFT's clarification.

 

Optomo creative Touch 3-series Interactive Flat Panel is classifiable under Heading 8471 – Word ‘interactive’ is important

 

The Customs Authority for Advance Rulings (AAR) has made a ruling regarding the classification of the product 'Optoma Creative Touch 3-series Interactive Flat Panel (IFP) (Model –3652RK, 3752RK & 3862RK).' The AAR has classified this product under sub-heading 8471 41 90 of the First Schedule to the Customs Tariff Act, 1975. The Department had argued for a different classification under Heading 8528, contending that the subject goods were mainly display devices that worked in conjunction with an automatic data processing (ADP) machine. However, the AAR rejected this contention and upheld the classification under sub-heading 8471 41 90. The AAR's decision was based on the presence of the term 'Interactive' in the description of the goods, which signifies various capabilities of the product. The AAR concluded that these capabilities meet the requirement under Chapter Note 6(A) of Chapter 84 for a machine to be considered an 'automatic data processing machine. As a result of the ruling, the product 'Optoma Creative Touch 3-series Interactive Flat Panel (IFP)' falls under sub-heading 8471 41 90 for customs classification purposes.

 

Odisha Cabinet Approves Semiconductor Policy;Eyes Global Investors to Start Chip Manufacturing

 

In an effort to boost semiconductor manufacturing, the cabinet ministry of Odisha has finally approved the much-awaited semiconductor manufacturing and fabless policy in the state, which would draw the attention of various global investors to invest into manufacturing of semiconductor/computer chips. The decades of hare-brained efforts and initiatives have now forced the nation to develop the semiconductor manufacturing ecosystem and various states have also unleashed the policies of their own to meet the same. The cabinet ministry has notified that with the help of this policy, Odisha is expected to transform itself into an important destination of semiconductor manufacturing and design. Apart from that, the state is also under an impression that this policy would set-up at least one chip production facility and scores of fabless design firms.

 

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

 

India needs EV policies to be roadmap-oriented and not ad hoc in nature: Chetan Maini

 

On June 1, a day after India recorded its highest monthly sales of electric vehicles at over 1.5 lakh units, the government re-jigged the FAME 2 subsidy that was a major factor driving the electric adoption. The reduction in subsidy amount of electric vehicles had an immediate effect on the demand for EVs. Two-wheelers accounting or the majority of EVs sold in the country.

 

Source: https://timesofindia.indiatimes.com/, July 26, 2023

 

       TOP

   INDUSTRY  SCAN                                                                           

General

Foxconn yet to find a new partner for its semiconductor project: Report

 

Foxconn, which recently called off its joint venture with Anil Agarwal-led Vedanta, has not found a new partner for its semiconductor venture in India. While attending the ongoing Semicon India conference, Young Liu, Chairman & CEO of Foxconn, said that the electronics giant is committed to contribute to India's semiconductor sector and will continue to work closely with Vedanta in many other industries, particularly in the growing fibre sector, CNBC TV18 reported. Liu added that Foxconn has full faith in India's potential as a vital market and manufacturing hub in the near future and said that it will invest over $2 billion in the country over the next five years. On Vedanta, Liu said although the joint venture did not materialise, Foxconn remains committed to maintaining a close working relationship with the company.  The two entities are exploring collaborative opportunities in various sectors, exemplified by their recent joint ventures in the fibre industry.

 

Source: https://www.businesstoday.in/, July 29, 2023

 

Vedanta to tie up with 3 firms for semiconductor biz, first chip in 2.5 years: Anil Agarwal

 

Vedanta chairman Anil Agarwal on Friday said that the company is in discussions with three firms to have separate tie-ups for foundry, chips and packaging and testing, for its semiconductor unit in India. In an exclusive conversation with Mint, Agarwal said that the tie-ups should happen in a few months. Agarwal confirmed that the company aims to produce the first chips from its facility within the next two-and-a-half years. Vedanta's partnership with Foxconn can happen on the ecosystem side, according to Agarwal. Vedanta had earlier been in talks with Taiwan's Foxconn to create a semiconductor joint venture for Indian markets. However, Foxconn had withdrawn from the deal valued at $19.5 billion shattering the company's chipmaking plans.

 

Source: By Gulveen Aulakh , Shouvik Das, https://www.livemint.com/, July 28, 2023

 

The Strategic Positioning of Leading Suppliers in the Printed Electronics Industry

 

The printed electronics industry is a rapidly evolving sector, with leading suppliers constantly redefining their strategic positioning to stay ahead of the curve. This industry, which involves the production of electronic devices and components using printing methods, is witnessing a surge in demand due to its potential to revolutionize various sectors, including healthcare, automotive, and consumer electronics. Leading suppliers in the printed electronics industry are leveraging their strategic positioning to capitalize on this burgeoning market. They are doing so by focusing on innovation, forming strategic partnerships, and investing in research and development. These strategies are not only helping them to maintain their market dominance but also to shape the future of the industry. Innovation is at the heart of the strategic positioning of leading suppliers. Companies like Thin Film Electronics ASA and E Ink Holdings are constantly pushing the boundaries of what is possible with printed electronics.

 

Source: https://fagenwasanni.com/, July 31, 2023

 

European Union Finally Approves $47.5 billion Chips Act To Boost Chip Manufacturing

 

After several months of discussions, the European Union has finally approved the much-awaited $47.5 billion incentive plan to boost more fabs and escalate semiconductor manufacturing in the EU nation. The incentive plan is expected to augment the semiconductor industry’s market to 20 percent from the current 10 percent by the end of 2030. In an interaction with the media, Héctor Gómez Hernández, Spanish minister for industry, trade, and tourism said, “In the long run, this will also contribute to the renaissance of our industry and the reduction of our foreign dependencies." The purpose of approving the new CHIPS act is to magnetize more investments and boost R&D in the EU nations so that in the coming years, when there will be again shortage of chipsets there are no challenges and also lesser dependence on imports.

 

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

 

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Information Technology

 

Tech biggies fail to charm, foreign institutions pull out $2.12 bn amid demand slump

 

Foreign inflows have had a big role in the Indian market’s recent record-breaking sprint but they cut stake in the big information technology players in the June quarter, the latest shareholding patterns show, as the IT sector grapples with global economic uncertainty. Foreign institutional investors (FIIs) reduced their stake in Infosys, India's second-largest software services firm, to 33.43 percent in the June quarter from 35.08 percent in the previous quarter. This marks the second consecutive quarter that FIIs reduced stake in the Bengaluru-based company. Sharing its June quarter earnings, Infosys slashed its revenue guidance for FY24 to 1-3.5 percent from 4-7 percent amid a challenging demand environment. FII holdings in Tata Consultancy Services (TCS), the country's largest software exporter, fell to 12.46 percent in the June quarter from 12.72 percent, the eleventh consecutive quarter of sell-offs by foreign investors.

 

Source: https://www.moneycontrol.com/, By,  RAVINDRA SONAVANE, July 30, 2023

 

Benefits of Combining Blockchain Technology and Internet of Things

 

The eventual fate of business processes is being re-imagined by the cooperative energy of two progressive advances: Blockchain and the Internet of Things (IoT). These advances are changing how organizations work as well as setting out new open doors for development and development. Blockchain innovation, known for its job in driving cryptocurrencies like Bitcoin, is a decentralized and conveyed computerized record that records exchanges across various PCs. Its intrinsic straightforwardness, security, and changelessness make it an optimal answer for an assortment of business applications past monetary exchanges. Then again, the Internet of Things alludes to the organization of actual gadgets, vehicles, machines, and different things implanted with sensors, programming, and organization network, which empowers these items to interface and trade information. IoT is quickly turning into an indispensable piece of our day-to-day routines, with applications going from savvy homes and wearable gadgets to modern mechanization and brilliant urban areas.

 

Source: https://www.analyticsinsight.net/, July 29, 2023

 

India designates YES Bank's IT resources as critical information infrastructure

 

In a significant move to bolster cybersecurity and safeguard critical financial infrastructure, the ministry of electronics and information technology (MeitY) issued a notification on Wednesday (July 26), declaring YES Bank's computer resources relating to vital financial services as protected systems under the Information Technology Act, 2000. The measure aims to mitigate cyber threats and ensure the integrity of Core Banking Solutions, Real Time Gross Settlement, National Electronic Fund Transfer, Immediate Payment Service Switch, and Unified Payments Interface Switch. The designation of YES Bank's computer resources as protected systems grants exclusive access authorisation to specific personnel, as outlined in the notification.

 

Source: https://www.cnbctv18.com/, July 26, 2023

 TOP

Telecom

 

Possible Effects of Increasing the Minimum Broadband Speed to 100 Mbps in a Country

 

The minimum broadband speed in India is 2 Mbps. The minimum speed for broadband recognition was updated by a notification from the DoT (Department of Telecommunications) earlier this year from 512 Kbps to 2 Mbps. Much recently, in the United States of America, the FCC (Federal Communications Commission) Chairwoman, Jessica Rosenworcel, has proposed 100 Mbps as the minimum broadband speed in the country. That’s a stark difference in minimum broadband speeds between India and the USA. Before we dive into the possible effects of increasing the minimum broadband speed to 100 Mbps in any country, let’s take a minute to look at why it might be really hard to do so in India.

 

Source: https://telecomtalk.info/, July 31, 2023

 

Telecoms to record modest growth in Q1 as disruptive phase behind; Reliance Jio, Airtel well positioned

 

Indian telecom firms are expected to record modest growth in the first quarter of FY24 owing to stable tariffs and the assumption of further improvement in subscriber mix. EBITDA is also seen to pick up although at a single-digit growth level, meanwhile, ARPU may see a gradual upside. Giants like Reliance Jio and Bharti Airtel are well-placed for a healthy quarter with sales seen to rise by double-digit year-on-year. Kunal Vora - Head India Equity Research, BNP Paribas in his report said, "With stable tariffs for over a year now, we expect the Indian telecom industry revenue growth to moderate to 8- 9% y-y in 1QFY24, assuming an improving subscriber mix as more customers adopt 4G services."

 

Source: https://www.livemint.com/, July 17, 2023

 

Telecom PLI: Companies clock Rs 6,911 crore exports till May 2023

 

Companies under the Production Linked Incentive scheme for local manufacturing of telecom and networking products have done exports worth Rs 6,911 crore till May 2023, Parliament was informed on Wednesday. Production Linked Incentive scheme was launched on February 24, 2021, to promote domestic manufacturing of specified telecom and networking products, including 4G, 5G products and also design-led manufacturing in the country. He said the number of 5G Base Transceiver Stations (BTSs) by various telecom service providers totalled 2.81 lakh as of July 7, 2023. Chauhan also shared the operator-wise data for the same, which showed Airtel had 53,223 5G BTSs, Reliance Jio (2.28 lakh) and Vodafone Idea (36).

 

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

 

Sheer waste of taxpayer money': Centre's Rs 89,000-cr revival package for BSNL faces flak on Twitter

 

The Union Cabinet on Wednesday approved the third revival package for BSNL with a total outlay of Rs 89,047 crore, which instantly triggered outrage among Twitter users, who said the whole exercise is a "sheer waste of taxpayer money". The package includes allotment of 4G and 5G spectrum for BSNL through equity infusion, an official statement said. The package comprises allotment of premium wireless frequencies 700 MHz band spectrum worth Rs 46,338.6 crore; 70 MHz of frequencies in 3300 MHz band worth Rs 26,184.2 crore; frequencies in 26 GHz band worth Rs 6,564.93 crore; in 2500 MHz band worth Rs 9,428.2 crore and Rs 531.89 crore for miscellaneous items. Also, the authorised capital of BSNL will be increased from Rs 1.5 lakh crore to Rs 2.1 lakh crore.

 

Source: https://www.businesstoday.in/

 TOP

EV’s & Auto Electronics

 

Electric vehicle policy boosts sales to record high in Chhattisgarh

 

The Chhattisgarh government’s policy for electric vehicles (EVs) has helped the state register more than 100 per cent growth in sales in the last one year compared to the vehicles sold in a decade, senior officials have said. Chhattisgarh transport department officials have attributed the state's EV policy for the push. The policy, which was introduced in July last year, aims at making the state an EV manufacturing hub, creating employment, and reducing environmental degradation. According to data received from the transport department, the number of EVs sold over the past decade till July 2022 stood at 33,922. “From July 2022 to July 2023, 35,740 vehicles were sold in Chhattisgarh,” one of the senior officials said. This took the number of EVs registered in the state to 69,662, which is a surge of 105.36 per cent compared to July 2022.

 

Source: https://www.business-standard.com/, July 28, 2023

 

Chennai Metro Rail mulls introducing more electric vehicles to boost its last-mile connectivity

 

Chennai Metro Rail plans to bring in more electric vehicles to several stations to boost its last-mile connectivity. Though this plan has been in the pipeline for a long time now, it is likely that it will finally become a reality. According to officials of Chennai Metro Rail Ltd. (CMRL), after a surge in the number of travellers in the past couple of weeks after introducing electric autorickshaws and minibuses in select stations, they have become more serious about adding last-mile connectivity vehicles now. Little Mount, Alandur, Thirumangalam, Chennai airport, Tiruvottiyur, Government Estate, Koyambedu and Shenoy Nagar are some of the stations from where the Metropolitan Transport Corporation (MTC) operates minibuses.

 

Source: https://www.thehindu.com/, July 30, 2023

 

TOP

Defence & Solar

 

India to acquire 97 new drones under 'Make in India' programme

 

In a major push for the 'Make in India' programme of the Union government, Indian armed forces are all set to procure 97 new highly capable drones under a joint acquisition plan, senior government sources informed India Today on Monday. The cost of the programme is expected to be more than ten thousand crore rupees. A proposal in this regard is expected to be taken up for clearance by the Defence Ministry in the near future, senior government sources added. According to senior government officials, the procurement process of 97 drones is based on the same process that was adopted during the acquisition of 31 Predators drones, whose proposal was processed by the Integrated Defence Staff as a joint acquisition.

 

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

 

Nod for high-performance multi-role chopper engine by early 2024; safran, hal to set up firm in bangalore

 

Design of the Indian Multi-Role Helicopter being developed by Hindustan Aeronautics. The project sanction for the Indian Multi-Role Helicopter (IMRH), being developed by Hindustan Aeronautics Ltd. (HAL), is expected within this financial year, defence sources said. Meanwhile, Safran Helicopter Engines and HAL have decided to set up their new joint venture company in Bengaluru, which will be dedicated to the “design, development, production, sales and support of helicopter engines” with the focus first on the IMRH, the French company announced. The IMRH, expected to be ready by the end of this decade, is meant to replace the Mi-17s in service and will also have a naval version, the Deck Based Multi-Role Helicopter (DBMRH).

 

Source: https://www.indiandefensenews.in/, July 31, 2023

 

Skyhawk aerospace reveals pushpak and c35-e uavs

 

India-based Skyhawk Aerospace showcased its indigenously designed fixed-wing vertical take-off and landing (VTOL) multirole Pushpak and C35-E unmanned aerial vehicles (UAVs) at the 4th Drone International Expo held in Delhi on 26 and 27 July. The Pushpak is a tactical UAV designed to conduct high-altitude cargo operations. The UAV features a skid landing gear system and can fly up to a maximum altitude of 5,700 m in what company CEO Jayesh A described as “near gale conditions” and at temperatures between -30° C and +55° C. The design of the Pushpak includes shoulder-mounted moderately tapered straight wings spanning a length of 6.28 m, a twin-boom-mounted tail that has vertical stabilisers joined by a horizontal stabiliser at the top, and a hook placed beneath the fuselage near the wing section to carry the cargo.

 

Source: https://www.indiandefensenews.in/, July 31, 2023

 

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Consumer Electronics

 

India Premium Smartphone Segment Grows 112% YoY in Q2 2023: India Now Among Apple’s Top 5 Markets

 

India’s smartphone shipments declined 3% YoY in Q2 2023 (April-June), according to the latest research from Counterpoint’s Monthly India Smartphone Tracker. Though this decline was the fourth consecutive quarterly decline, its magnitude reduced significantly, from 19% in Q1 to 3% in Q2. Base effect, pent-up demand and improving macroeconomic conditions helped the market close at less than the expected decline. However, the premium smartphone segment presented a different picture, growing 112% YoY in Q2 to contribute a record 17% to the overall shipments. 5G smartphone growth: In Q2 2023, 5G smartphone shipments in India crossed the 100-million cumulative mark as 5G upgrades picked up pace driven by the expansion of 5G networks and availability of affordable devices. 5G smartphone shipments grew 59% YoY during the quarter.

 

Source: https://www.counterpointresearch.com/, July 31, 2023

 

Sony India aims 40% growth in audio business in FY24

 

Sony India plans a 40% YoY growth in its audio business, fuelled by rising demand for high-end headphones, soundbars and earphones-and-headphones in the personal audio products categories. The company receives around 20% of its sales revenue from audio and expects its contribution to rise with the premium market in the segment growing at a high rate, the managing director said. Sony India, which aims to be the dominant premium audio brand here, gets around 20 per cent of its sales revenue from the audio business and expects its contribution to become higher in the coming years.

 

Source: https://retail.economictimes.indiatimes.com/, July 28, 2023


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EMSIF

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

 

SemiconIndia future DESIGN DLI: Two more MSMEs added to India’s grand vision of becoming semiconductor hub

 

The Ministry of Electronics and IT (MietY) has picked two more MSMEs/startups  Aheesa Digital Innovations and Calligo Technologies under its SemiconIndia future DESIGN DLI (Design-Linked Incentive) scheme. This took the total beneficiary count to seven MSME/startups under the scheme that provides financial incentives along with design infrastructure support for the development and deployment of semiconductor designs. The Chennai-based Aheesa Digital Innovations is a fabless semiconductor company that focuses on telecom, networking, and cyber security domains.

 

Source: By Girish Khurana, https://www.financialexpress.com/, July 31, 2023

 

Delayed Payments, Heavy Debt: Indian MSMEs Fighting A Long Battle

 

Access to long-term credit, delayed payments and heavy debt are the problems that India's micro, small and medium enterprises (MSMEs) deal with every single day, especially after the deadly Covid-19 pandemic and the negative impact Russia- Ukraine war. In the last two years, Indian MSME credit demand has grown 1.7 times and non-banking financial companies (NBFCs) alone witnessed a two times demand in the same period. The current credit exposure of the MSME sector is Rs 22.6 lakh crore, a 12.3 per cent year-on-year (YoY) growth. The outstanding MSME advances of 12 public sector banks (PSBs) have jumped from Rs 9.28 lakh crores in FY20 to Rs 11.48 lakh crore in FY23. Notably, a joint report by Assocham and Crisil showed that bad loans of Indian banks will decrease by one percentage point in this financial year but bad loans in the MSME industry could rise to double-digit levels.

 

Source: https://www.businessworld.in/, July 31, 2023

 

Coimbatore Defence Conclave espouses robust MSME participation

 

The Coimbatore Defence Conclave 2023 here on Thursday made a pitch for large-scale integration of MSMEs into the overall ecosystem of defence manufacture, procurement and maintenance. Organised by the Kumaraguru Centre for Industrial Research and Innovation (KCIRI), Kumaraguru College of Technology, the second edition of the conclave witnessed interactions amongst scientists from DRDO (Defence Research Development Organisation), officials from armed forces, government departments and industries to bring about a better understanding of defence requirements, procurement policies, quality standards and other pre-requisites for vendor registration.

 

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

 

How Artificial Intelligence is helping banks to serve MSME sector better

 

Artificial intelligence and the banking sector tend to go really well together. After all, AI can be used to streamline a lot of mundane tasks, detect frauds and help in customer care. Banks and financial institutions using AI isn’t new, but there are some interesting developments happening. In this podcast, V Nivedita talks to Alok Mittal, Co-founder & CEO of Indifi, to know more about how banks and financial institutions use AI to serve their customers better.

 

Source: By By V NIVEDITAANJANA P V, https://www.thehindubusinessline.com/, July 27, 2023

 

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ELCINA Publications

 

https://elcina.com/roadmap-for-developing-pcb-eco-system-in-india

Roadmap For Developing PCB Eco-System in India

Key Findings

  • Indian PCB market and industry size in terms of domestic production, exports, and imports

  • Growth drivers and challenges (needs & gaps) in the Indian PCB industry

  • Growth potential of PCB manufacturing in India and identify enablers for creating & strengthening the domestic value chain

  • Key inputs required viz. investments, technology, and infra eco-system

Details of key PCB value chain players – global and domestic, who can be invited to invest to establish a strong PCB industry

https://elcina.com/ems-task-force-report-on-market-industry-analysis-of-ems-sector-in-india

EMS Task Force Report

Key Findings

  • Currently EMS Industry (Contract Manufacturing Services) are valued 832 Bn $ and are projected to grow 1055 Bn by 2025.

  • Domestic electronics manufacturing is estimated at USD 75 Bn of which 39 Bn constitutes EMS value. This is divided into 23.5 Bn domestic Mfg. and USD 15.5 Bn PCBS/Sub-Assembly imports.

  • Further USD 53.5 Bn is finished Electronic Goods imports of which USD 17 Bn is EMS value. Thus total EMS opportunity loss is US$ 32.5 Bn (15.5 +17).

  • The report estimates that EMS production can grow realistically from USD 23.5 Bn today to USD 152 Bn by 2025 at CAGR of 45%. This will meet 75% of the countries EMS requirement of US$ 203 Bn by 2025 against a total estimated market of 400 Bn.

https://elcina.com/elcina-task-force-report-on-electronic-components

ELCINA Task Force Report on Electronic Components

Key Findings

  • Current status of component manufacturing in India – Areas of competence vs Gaps and inadequacies

  • Components which urgently require investments and growth in domestic manufacturing

  • Emerging technology and new components for upcoming opportunities

  • Constraints and bottlenecks to be addressed

  • Overcoming Policy constraints, WTO (ITA-1) deadlock and Zero Duty issue

  • Strategy for overcoming these constraints

  • Eco-System requirements- Role of Central and State Governments

https://elcina.com/elcina-directory-of-indian-electronics-industry

ELCINA Directory of Indian Electronics Industry 2022-23

Description

  • ELCINA Directory of Indian Electronics Industry – includes the updates on Indian Electronics Industry and a host of additional improved features covering business environment, statistical industry scan, company databases plus various projections. This handy compendium with its easy-to-read format attracts the attention of a growing number of users (within India and abroad)

  • Apart from electronics industry, the users of this Directory range from financial institutions, commercial banks, FIIs, Consultancy organizations as well as industry promotion institutes across the world….

 

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FORTHCOMING EVENTS &  GENERAL INFORMATION 

 

Overseas Shows

 

Event

:

SEMICON Taiwan 2023

Organiser

:

SEMI Taiwan

From

:

06-September-2023

To

:

08-September-2023

Venue & City

:

Taipei Nangang Exhibition Center, Taipei, Taiwan

Website

:

https://www.semicontaiwan.org/en

 

Event

:

KPCAshow2023 (Int’l Electronic Circuits and Packaging Show)

Organiser

:

Korea Electronics Packaging and Circuits Association (KPCA)

From

:

06-September-2023

To

:

08-September-2023           

Venue & City

:

Songdo Convensia, Incheon, Korea

Website

:

http://www.kpcashow.com

 

 Domestic Shows

Event

:

electronica India & productronica India  2023

Organizer

:

MMI

From

:

13-September -2023

To

:

15-September -2023

City

:

Bangalore Int’l Exhibition Centre (BIEC), Bengaluru

Website

:

https://electronica-india.com/en/

 

Event

:

India Mobile Congress

Organiser

:

COAI

From

:

27-October-2023

To

:

29-October-2023

City

:

Pragati Maidan, New Delhi

Website

:

https://www.indiamobilecongress.com/

 

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A newsletter published by ELCINA, New Delhi. The information contained in this newsletter is for private circulation only. Despite our best efforts, some errors could have crept in. You are advised to verify authenticity of the information before further use.

Electronic Industries Association of India (ELCINA )

ELCINA House, 422 Okhla Industrial Estate, Phase-III, New Delhi 110020 (India).

E-Mails: info@elcina.com Tel: 011-41615985, 41011291, Website: www.elcina.com