VOL XXIV, ISSUE 06

31 March 2023

Industry Scan

         INDUSTRY  SCAN                                                                           

General

Japan, US Signs Trade Agreement on EV Battery Minerals To Reduce Dependence on China

The east Asian nation Japan and the US has signed an agreement on trade on electric vehicles battery minerals. The agreement is an imperative strategy to boost the EV battery supply chains and reduce dependence on China for more important resources. On the other hand, it will help Japanese automobile manufacturers to to have a larger access to the newly unleashed $7,500 U.S. EV tax credit. According to an unnamed official from the Biden government, the newly signed MoU bars both the countries from unleashing bilateral export ban or restrictions on the EV battery’s important minerals, which include lithium, nickel, cobalt, graphite and manganese.

Source: https://circuitdigest.com/, March 29, 2023

How South Korea Aims to Shatter China’s Dream of Leading Global Semiconductor Supply Chain

A Bloomberg report has now stated that South Korea is now speculated to spend billions on sophisticated chip-making equipment in the coming year in an effort to defeat China in the semiconductor battle. This is the same as the US banning the export of key semiconductor technology to China to develop the international semiconductor supply chains market. The report also added that the east Asian nation is likely to invest more in fab equipment by 41.5 percent to $21 billion in the coming year. The US based global semiconductor association SEMI noted that China has pushed only a 2 percent escalation to $16.6 billion. The data clearly shows that the country is facing various challenges to purchase important semiconductor equipment to develop its chipset. This is because the US export control has made it difficult for China to access or buy equipment from companies like ASML Holding NV of the Netherlands.

Source: https://circuitdigest.com/, March 28, 2023

Why Lithium Price Will Decrease By Two-folds in The Coming Months, Define Analysts

Chemical element Lithium, which is now dubbed ‘White Gold’ is commonly utilized in almost every electric car battery, but interestingly, the price of this element has fallen drastically thereby helping EVs to be more affordable. According to Benchamak Minerals, by 20 percent the price of lithium has fallen since January, which has augmented the sales of electric cars globally. Cobalt, another element which is widely used in making batteries has also fallen by more than double, and Copper on the other hand, used in batteries and electric motors has fallen by around 18 percent, but unfortunately, copper countries like Peru and the US are still facing various challenges to escalate production.

Source: https://circuitdigest.com/, March 21, 2023

Huawei reportedly says it has developed domestic chip design tools despite U.S. sanctions

Huawei reportedly said it has developed its own chip design tools, a move aimed at side-stepping U.S. sanctions and making the Chinese technology giant more self-sufficient in the semiconductor space. Eric Xu, rotating chairman at Huawei, said the company along with other domestic firms, jointly created electronic chip design tools required to make semiconductors at 14 nanometers and above, according to a speech obtained by Chinese financial and business publication Yicai. Xu said those tools will be verified this year, which would allow them to be put into use. Huawei was not immediately available for comment when contacted by CNBC.

Source: By Arjun Kharpal, https://www.cnbc.com/, March 27, 2023

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Information Technology

Delhi High Court asks Google to consider softer warning for WinZO app downloads

The Delhi High Court asked Google LLC on Friday to inform by April 26 its willingness to make changes by giving a milder warning to users while downloading the WinZO application from the latter’s search engine. A division bench comprising justices Manmohan and Saurabh Banerjee told the Google counsel to consider giving a milder warning. “Are you sure it is a case of malware? You can say it is unverified. Harm may be a harsh word,” it said. The high court asked Google whether it can say the application is harmful when it does not know verified reports about it. “Can you say it is harmful? You can say it is unverified and download it at your own risk,” the court said, while posting the matter for further hearing on April 26.

Source: https://economictimes.indiatimes.com/, March 25, 2023

Opposition MPs in Parliamentary Panel on IT Raise Concerns on Data Protection Bill

 While there is no certainty whether the Narendra Modi government will introduce the Digital Data Protection (DPDP) Bill, 2022 in the ongoing session of Parliament, Opposition MPs who are part of the Standing Committee on Information Technology (IT) have expressed serious concern about protection of privacy in the draft and may have as many as 40 suggestions for the government to make it better. Recently, in an article for The Wire, member of the Parliamentary Standing Committee on IT Karti Chidambaram flagged several issues that concern them including broad-ranging powers to the Central government to exempt itself or its agencies from complying to the Act and on the independence of the Data Protection Board.

Source: https://thewire.in/, March 28, 2023

ChatGPT plugins decoded: Why you should get on the waitlist

Artificial Intelligence is taking over every aspect of the online experience. Last week, billionaire philanthropist Bill Gates shared his thoughts on the immense potential of AI to reduce some of the worst inequities. He went on to list how AI will revolutionise healthcare, education, and various other domains in his blog. A day later, OpenAI announced that it was endowing its AI chatbot with the ability to harness the power of the internet. ChatGPT, launched in November 2022, quickly became a phenomenon owing to its comprehensive and humanish responses to prompts. This has also made it the most used application in the shortest span of time in the history of the internet.

Source: by Bijin Jose, https://indianexpress.com/, March 28, 2023

Trustt Launches First Major GPT Product Suite for Banking Industry

 Trustt - a leading SaaS cloud-based banking solution provider, today announced the launch of Trustt GPT, the first major suite of banking products based on GPT or Generative Pre-trained Transformer AI technology. Revolutionizing the industry, Trustt GPT comprises of three compelling offerings, namely, Conversational Product Inquiry, Conversational Customer Support, and Conversational Origination Workflow. The Conversational Product Inquiry allows customers to literally talk to the bank’s WebApp/MobileApp in their native language and colloquial style about their banking needs, be it a loan or an insurance cover, or a savings product. At the same time, Conversational Customer Support offers customer service that is more human-like and personalized, generating responses based on the Banks FAQs and customer interaction history.

Source: https://www.siliconindia.com/, March 29, 2023

Veeam and AWS Work Together to Help Partners Accelerate Cloud Migration in Asia Pacific and Japan

Veeam Software, a leader in Modern Data Protection, today announced a collaboration with Amazon Web Services (AWS), an Amazon.com company, to help joint partners provide customers with a faster, safer path to the cloud. Veeam and AWS will deliver a comprehensive Channel Activation Program that will help both traditional and born-in-the-cloud partners accelerate and simplify cloud migrations by leveraging Veeam Availability Suite™. The program is designed to onboard and accelerate the certification of partners, enhance service offerings, improve partner profitability and open new routes to market. As businesses look to extend their operations into the cloud, public or hybrid, the need for data protection is critical. The global data backup and recovery software market is expected to be USD 23.1 billion in 2030, rising at a compound annual growth rate (CAGR) of 9.6% between 2022-2030.

Source: https://www.siliconindia.com/, March 29, 2023

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Telecom

Zoom partners with OpenAI to bring AI-driven features to platform

Video conferencing platform Zoom has announced its collaboration with OpenAI, the creator of AI-chatbot ChatGPT, to bring AI-driven features to the platform, such as summarising chat threads, organising ideas, drafting content for chats, meeting agendas, and more through its AI-powered assistant Zoom IQ. Zoom has become the latest productivity app to expand its use of AI. According to the company, Zoom IQ's capabilities will help users move through their day more easily, for instance, if a team member joins their Zoom meeting late, they can ask Zoom IQ to "summarise" what they've missed in real-time and ask further questions. Moreover, if users need to create a whiteboard session for their meeting, Zoom IQ can generate it based on text prompts.

Source: https://telecom.economictimes.indiatimes.com/, March 28, 2023

Nokia to upgrade NTT Docomo’s nationwide IP core backbone, enable transport network slicing

Finnish telecom gear maker Nokia Tuesday said it will upgrade NTT Docomo’s nationwide IP core backbone and enable transport network slicing as the telco roll out 5G mobile services. The enhancement will allow granular SLAs, network scale, capacity and agility, along with increased power and resource efficiency. Docomo has deployed Nokia’s 7750 SR-14s core routers, powered by ts FP routing silicon. FP5 line cards that provide 800GE capability, and simplify network evolution with concurrent line rate FP4 and FP5 line.

Source: https://telecom.economictimes.indiatimes.com/, March 28, 2023

BSNL to Install Daily 300 4G, 5G Towers From Sept: Report

Bharat Sanchar Nigam Limited (BSNL), a state-owned telecommunications company, offers 2G, 3G and 4G Services. BSNL 4G Services are not available in a full-scale manner or service availability, however, BSNL 4G is available on a limited scale in circles. BSNL 4G tender is also in the final stages for 1 Lakh towers across the country. Various states and municipalities are also supporting BSNL 4G with approvals and land spaces for tower installations for the connectivity benefits that reach people in remote areas. Union Minister of Railways, Communications and Electronics and Information Technology, Ashwini Vaishnaw, said the government aims to connect every village in Jammu and Kashmir with connectivity.

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

TRAI asks telcos to report outages at district level

The Telecom Regulatory Authority of India (TRAI) has asked telcos to report outages in districts, and the steps taken to combat the same, within a day of the occurrence. In a directive released Tuesday, the sector regulator’s directive came after it observed that the telcos had failed to report multiple incidents of major network outage of telecom networks occurring due to technical reasons or due to natural calamities. To understand the root cause of major network outages and get relevant support from local authorities extended to the service providers, if needed, the Authority has decided to collect the information about any such outage at district level.

Source: https://telecom.economictimes.indiatimes.com/, March 28, 2023

DoT rejects Trai plan to reserve 5G bands for captive networks

The Department of Telecommunications (DoT) has reportedly rejected a proposal by the Telecom Regulatory Authority of India (TRAI) to reserve some bands of 5G airwaves for captive private networks. According to DoT, if private networks want to utilise spectrum in those bands, they should obtain it by leading from telecom operators. In its recommendations for 5G auctions, TRAI had proposed to reserve at least 40 MHz in the 3700-3800 MHz band, or mid-band, for private networks. It also suggested reserving at least 40 MHz in 4800-4990 MHz and at least 400 MHz in 28.5-29.5 GHz, or the mmWave band, for private networks. After receiving the recommendations, DoT had formed a committee to study the feasibility of the establishment of private networks in the spectrum bands proposed by TRAI.

Source: https://telecom.economictimes.indiatimes.com/, March 28, 2023

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EV’s & Auto Electronics

US, Japan Reach Deal On Critical Minerals For Electric Vehicle Batteries

The United States and Japan have reached an agreement on trade in minerals that are key to electric vehicle batteries, US trade officials said Tuesday, a move to reinforce supply chains in a sector dominated by China. Rare earth elements and minerals such as lithium are becoming increasingly important in clean energy technologies, but the United States is set to face gaps in such critical mineral supplies when it comes to meeting expected demand for EVs. The latest US-Japan deal includes commitments not to impose export duties on critical minerals shipped to the other country, said statement released by the US Trade Representative (USTR).

Source: https://www.ndtv.com/, March 28, 2023

Apple iPhone 3D sensor supplier to create parts for company’s first electric vehicle

Apple will use parts created by iPhone 3D sensor supplier for its long-rumoured electric vehicle, the media reported. According to sources, Apple Car will use new sensors to enhance its LiDAR capabilities that will sense the road ahead, reports AppleInsider. The long-rumoured car will likely feature some form of self-driving facility, which the tech giant has publicly been testing for several years. Currently, the iPhone maker is testing its self-driving technology on public roads with over 200 drivers and 67 vehicles, the report said. In December last year, it was reported that Apple had delayed the launch of its electric vehicle until 2026 and is expected to be priced under $1,00,000.

Source: https://www.dnaindia.com/, March 28, 2023

Electric cars to account for 30% of our total sales by 2025: BMW India Head

With e-mobility witnessing an unprecedented surge in the luxury car market in the country, BMW India anticipates that the proportion of electric vehicles (EVs) in its total sales will go beyond 30 percent by 2025 from the current 11 percent, the company’s India President and CEO Vikram Pawah told Moneycontrol in an exclusive interaction. Currently, the company sells the i4, ix7 and i7 and Mini Electric in its electric car line-up. The German luxury carmaker is foreseeing an “accelerated demand” for EVs in the country in the next few years. It may be recalled that luxury car market leader Mercedes-Benz, which currently retails EQC, EQS AMG 53 & EQS 580, and EQB e-cars, had earlier indicated that 25 percent of its total sales will be derived from zero emission vehicles by 2027.

Source: By AVISHEK BANERJEE, https://www.moneycontrol.com/, March 28, 2023

Electric vehicle sales to cross 2 million in FY24: Experts

The next fiscal is expected to see electric vehicle (EV) sales crossing the 2 million mark if current trends continue, experts said. A significant incentive amount is yet to be disbursed under the Faster Adoption and Manufacturing of Electric Vehicles (FAME) II programme set to end at the end of the next fiscal and will add to the momentum across segments in FY24, they said. Retail sales of EVs have already crossed 1.11 million units this fiscal year, accounting for more than 5% of total automobile sales and posting a growth surge of 147% from FY22.

Source: By, Lijee Philip, https://economictimes.indiatimes.com/, March 26, 2023

Tata Electric Cars To Be Sold Via EV Only Dealerships

Tata Motors is currently the largest electric vehicle (EV) manufacturer in the country. Considering the increasing demand for EVs, the company is planning to setup a separate sales channel for its EV range that includes Tiago EV, Tigor EV and Nexon EV. Initially, the automaker will establish 10 outlets across 10 major tier-2 cities. This decision has been made with an aim to increase e-PVs sales by two-folds (i.e. from 100,000 to 110,000) in fiscal year 2024. Tata’s first EV dedicated showroom is expected to open in the NCR region. The company is estimated to invest around Rs 95 lakh – Rs 1 crore per dealership covering an area up to 6,000 – 7,000 square feet. Tata dealers will start billing EVs and ICE (Internal Combustion Engine) models to separate companies. While the Tata electric cars will come under TPEM (Tata Passenger Electric Mobility), the petrol and diesel models will be billed to Tata Passenger Vehicles. The separate EV and ICE billing arrangement will last till the separate sales channels get operational. Tata dealers need to have separate inventory funding for both the businesses.

Source: By Chhavi Kaushik, https://www.indiacarnews.com/, March 27, 2023

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Defence & Solar

US Air Force plans self-flying F-16s to test drone wingmen tech

The U.S. Air Force’s next big step toward establishing a network of drone wingmen could come in a small fleet of experimental self-flying F-16 fighters. The service’s proposed fiscal 2024 budget includes nearly $50 million to start a program called Project Venom — or Viper Experimentation and Next-gen Operations Model — to help it experiment with and refine autonomous software loaded onto six F-16s. The Air Force wants to develop a fleet of at least 1,000 collaborative combat aircraft, or CCA, that will use autonomous capabilities to fly alongside the service’s future Next-Generation Air Dominance family of fighter systems and F-35A fighters. CCAs could carry missiles or other weapons, perform electronic warfare operations, or fly ahead of other aircraft so its sensors can provide intelligence, surveillance and reconnaissance.

Source: By Stephen Losey, https://www.defensenews.com/, March 28, 2023

Supply chain issues impede mass production of new Chinese engine

China has completed the development of its next generation of indigenous military aircraft engines and will start mass production once supply chain issues with advanced alloys are resolved, according to a senior official from a local aerospace materials research facility. Speaking at an aviation investment summit in Tianjin, China, on March 17, Zhang Yong, a project leader at the Beijing Institute of Aeronautical Materials, told the audience that developmental bottlenecks for the WS-19 and WS-20 turbofans as well as an unidentified next-generation engine have been surmounted. However, he added, material supply chain issues for the manufacture and delivery of the advanced alloys that will be used in the engines’ production still need to be ironed out. The official did not specify the supply chain problems.

Source: Mike Yeo, https://www.defensenews.com/, March 27, 2023

With recurring technical failures, growing concerns around the advanced light helicopters fleet

After two accidents in a short span of time, possible flaws in India’s Advanced Light Helicopter programme need to be fixed quickly. ‘If not fixed in time, possible flaws will also impact the civil and export potential of the DHRUV’. The chequered history of India’s indigenous Advanced Light Helicopter (ALH-DHRUV) touched a low when a DHRUV (IN-709) in the Indian Navy’s newly-acquired fleet of  DHRUV MK-III MRs was in the news on March 8, 2023. The ‘maritime role’ (MR) helicopter, which was on a routine flight, reportedly experienced a “sudden loss of power and rapid loss of height” close to the coast of Mumbai in the forenoon. The three-member crew managed to carry out an unplanned ditching (a forced or precautionary landing on water), exited the craft, and were recovered safely.

Source: By KP Sanjeev Kumar, https://www.indiandefensenews.in/, March 28, 2023

Mod signs rs 3,000 crore deal for two indigenous electronic warfare (ew) systems under project 'himshakti''

The Ministry of Defence has signed a contract with Bharat Electronics Limited (BEL) for the procurement of two HimShakti Integrated Electronic Warfare (EW) Systems. The contract is worth Rs 3,000 crore and will be completed in two years. The EW system is designed and developed by Defence Research and Development Organisation (DRDO) in collaboration with its manufacturing partner BEL. The Himshakti EW system is designed for operations in mountainous terrain, with a specific focus on countering Chinese military threats.The ‘Himshakti’ comes in two different versions. For the Indian Army, it is designed as a CIEWS system, whereas for the IAF it is known as the Ground-Based Mobile ELINT System (GBMES), whose first units were delivered to the IAF on March 18, 2018.

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

Isro earns $137mn as pm modi asked isro to launch oneweb satellites: oneweb chairman

The Indian space agency, ISRO, carried out two launches of its largest and heaviest rocket, in record time - on October 23, 2022, and on Sunday, March 26. Both were commercial missions, where the LVM3 rocket ferried a total of 72 satellites of UK-based telecom firm OneWeb, thus earning ISRO (its commercial-arm NSIL) a total revenue of more than Rs.1,100 crore or $137 million. These two launch missions enabled OneWeb to complete its constellation comprising 618 broadband satellites in Low Earth Orbit. Notably, these are the only commercial missions that India's heaviest launcher has performed. OneWeb Chairman Sunil Bharti Mittal revealed the contribution of India's Prime Minister Narendra Modi in facilitating these commercial launches with ISRO, which falls under the Department of Space that is part of the prime minister's portfolio.

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

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Consumer Electronics

China to stabilize automobile, consumer electronics consumption

China will make efforts to stabilize automobile, consumer electronics consumption, and expand home appliances and green building materials consumption, the Ministry of Industry and Information Technology said on Thursday. The country will also consolidate its leading position in industries such as new energy vehicles, photovoltaic equipment, mobile communications and power equipment, the ministry said in a statement on its website. China’s industrial economy is still recovering in general, and the issue of insufficient demand is prominent, the ministry added.

Source: https://www.moneycontrol.com/, March 23, 2023

Consumer Electronics firm ELISTA will user Rs 250 Cr to setup manufacturing unit in Andhra Pradesh

Elista, a consumer electronics brand, has said it would invest Rs 250 crore to set up a manufacturing unit in Kadapa, Andhra Pradesh. This facility will cover an area of 1,32,300 square feet and will have an annual production capacity of 10 lakh televisions and 10 lakh monitors. The new plant would employ around 500 people and will be operational by the first quarter of 2024, the company said in a statement. The total investment will happen over a period of five years, it said. Though this expansion, the company will scale its production capacity and offer more technologically advanced products to consumers, according to Saket Gaurav, Chairman and Managing Director, Elista.

Source: By Anupriya Pandey, https://yourstory.com/, March 21, 2023

Apple Contribution to ‘Made in India’ Smartphone Shipments Reached 25% in Value Terms in 2022

‘Made in India’ smartphone shipments declined 3% YoY in 2022 (January-December) , according to the latest research from Counterpoint’s Made in India service. The major factor behind this decline was the softening of consumer demand due to macroeconomic headwinds, especially in the second half of the year. The shipments fell 19% YoY in the last quarter due to local demand decline, particularly in the entry-tier and mid-tier segments. However, in terms of value, ‘Made in India’ smartphone shipments registered 34% YoY growth, riding on the local trend of increasing premiumization coupled with the increasing exports of premium smartphones, especially from Apple. ‘Made in India’ shipments from Apple grew 65% YoY by volume and 162% YoY by value, taking the brand’s value share to 25% in 2022, up from 12% in 2021.

Source: By PRACHIR SINGH, https://www.counterpointresearch.com/, March 28, 2023

China Smartwatch Shipments Down 8.8% YoY in 2022; Huawei, Apple Dominate Market with Almost 50% Share

China’s smartwatch shipments fell 8.8% YoY in 2022, mainly due to the COVID-zero policy’s impact on demand, according to Counterpoint Research’s latest Global Smartwatch Model Tracker. The year saw the country’s smartwatch market size shrinking to pre-COVID levels, with only Q1 2022 registering a quarterly YoY growth in shipments. The global smartwatch shipments grew 9% YoY during the same period. Huawei and Apple dominated the China smartwatch market in 2022, with their combined share rising to almost 50%. Only OPPO (105% YoY), Apple (4% YoY) and Huawei (9% YoY) grew YoY among key brands. The biggest standout feature of the year was the high-to-premium segments’ (>$200) share rise. Shipments in the $301-$400 segment grew 31% YoY, while shipments in the ≥$401 segment grew a whopping 1138% YoY. The ≤$50 segment’s share dropped to 22%, with a 28% YoY decrease in shipments compared to the previous year.

Source: By SHENGHAO BAI, https://www.counterpointresearch.com/, March 23, 2023

Premium Market Captures More Than Half of Global Smartphone Revenue in 2022 For First Time

Although overall global smartphone sales in 2022 fell 12% YoY due to macroeconomic difficulties, global premium (≥$600 wholesale price) smartphone sales climbed 1% YoY in contrast, which allowed the price segment to contribute to 55% of the total global smartphone market revenue for the first time ever. The premium segment, which has been consistently outperforming the global smartphone market, captured more than one-fifth of total global smartphone sales as well. There are several reasons for this growth. Despite the tough market conditions in 2022, affluent consumers were more immune to the macroeconomic difficulties than customers from the lower end. Consequently, sales in the premium market grew, while those in the entry and mid-tier segments declined.

Source: By VARUN MISHRA, https://www.counterpointresearch.com/, March 20, 2023

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EMSIF

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

RBI’s TReDS financed this many MSME invoices involving Rs 1.42 lakh crore till Feb 2023

The Trade Receivables Discounting System (TReDS) launched by the Reserve Bank of India (RBI) for MSMEs to finance or discount their invoices has financed 54.56 lakh invoices till February 2023. The amount involved in invoices discounted stood at Rs 1.42 lakh crore, Bhagwat Karad, minister of state in the finance ministry informed Lok Sabha in a written reply to a question on Monday. In order to address the constraints faced by MSMEs in obtaining finance, particularly in terms of their ability to convert trade receivables into liquid funds, the central bank had issued guidelines for TReDS to permit the non-bank entities to set up and operate digital platforms for financing trade receivables through multiple financiers.

Source: By Sandeep Soni, https://www.financialexpress.com/, March 28, 2023

MSME ministry invites bids from CPSEs to procure machines, equipment for its technology centres

The Office of the Development Commissioner (DC) under the MSME ministry, which assists the latter in formulating, coordinating, implementing and monitoring different MSME policies, is looking to purchase various plant & machinery and equipment for its technology centres (TCs) under the Technology Centre Systems Programme (TCSP). In a request for proposal (RfP) last week, the DC office invited tenders from central public sector enterprises (CPSEs) — having experience in procurement and contract management for goods — for procurement of equipment under the World Bank-assisted TCSP. Apart from procurement of equipment, the programme also involves providing technical support to TCs, earlier known as Tool Rooms, working as autonomous bodies under the MSME ministry.

Source: By Sandeep Soni, https://www.financialexpress.com/, March 27, 2023

Govt looks to attract MSMEs to Indian internet domain .in with these incentives

The government is looking to incentives MSMEs to get their websites and emails registered with the Indian internet domain .in instead of larger and more popular domains such as .com and others. The Ministry of Electronics and Information Technology (MeitY) is soon expected to offer .in domain free of cost for the first year and customized e-mail with 10GB storage space to MSMEs who get registered on a daily basis. However, MSMEs will have to pay a renewal fee of Rs 325 per year after the first year per domain to avail the .in domain and e-mail facilities. The ministry noted that the increasing use of the internet has led to a significant increase in websites and web-related services.

Source: By Sandeep Soni, https://www.financialexpress.com/, March 26, 2023

MSMEs not static, but growing in size, asserts Finance Ministry

The Finance Ministry has sought to dismiss the “narrative” that India’s micro, small and medium enterprises (MSMEs) are stagnating, citing data that it asserts shows smaller firms evolving into larger units in recent years. However, industry representatives are not sure the numbers have been correctly interpreted by the Ministry.  In its recent monthly economic review for February, the ministry had said the number of micro units graduating to small units had increased to 65,140 in 2022-23, from 28,881 in 2021-22, “belying the narrative that MSME units suffer from the inertia of rest and are reluctant to be upwardly mobile”. Among the major States, Bihar, Assam, Chhattisgarh, Uttar Pradesh, Jharkhand, Madhya Pradesh, Odisha etc., have displayed encouraging results, scoring way above the country average.

Source: By Vikas Dhoot, https://www.thehindu.com/, March 25, 2023

MSME loan delinquencies dip to 3% by September, shows CIBIL data

How digital supply chains unlock immense possibilities for MSMEs

The growth engines of India’s economy are micro, small, and medium-sized enterprises MSMEs. The majority of these enterprises are traditional or unstructured and have limited access to credit and limited room to grow. There is an urgent need for MSMEs to adopt a digital-first approach as doing so will help them reap benefits immediately and prepare them for the uncertainties of the future. To ensure these small and conventional enterprises continue to drive the nation’s economy towards greater prosperity, digitization of the supply chain is of paramount importance. The Indian growth story is irrefutable; however, it faces headwinds including from a logistics sector which – when benchmarked against global standards – is grossly inefficient. This scenario is poised to change as the Indian Government is setting its sights on improving inefficient supply chain networks to bolster economic growth in India.

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

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ELCINA EVENTS , ACTIVITIES & SERVICES 

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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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