Supply of chipsets to improve by year-end: Mediatek

Electronic chip company Mediatek expects the supply of chipsets to ease by the end of this year as the capacities to manufacture semiconductors are being built across the world, a senior company official said on Thursday. Mediatek India Managing Director Anku Jain told PTI that it does not have a semiconductor plant of its own and would like to collaborate with chips makers and other vendors that have proposed to set up their facilities in India. "No doubt, there has been a chipset shortage issue in the last one to two years. The company claims leadership in the smart TV segment with 65 per cent global market share and in retail broadband devices with 40 per cent market share. Jain said the company is seeing an increase in demand for India. Besides mobile phones it will focus on technology for the internet of things and smart homes segment. According to him, the government's Rs 76,000 crore-Semicon India programme looks ambitious and there is a serious intent visible from the government to make it successful. 

(ET, May 19, 2022)

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POLICY SCAN                                                                                    

Government forms advisory board to achieve $300 billion of electronics manufacturing by 2026

The Ministry of Electronics and Information Technology (MeitY) has formed an advisory board on making India a $300 billion electronics manufacturing hub by 2026. Called the "Digital India Electronics Mission $300 Billion", the board is composed of members from major local and multinational electronics brands and industry bodies. It succeeds a fast tracked task force set up in December 2014, that focused only on smartphone manufacturing. With the new group, the ambit has been expanded to include other categories like IT hardware, wearables, LED lights, etc. In a circular shared by the ministry, seen by ET, there are 10 members in the advisory group, led by Amitesh Kumar Sinha, joint secretary, electronics, MeitY. The group also included top executives from Lava, Samsung, Apple, HP, Dell, Foxconn, Intel and Coconics. 

Source: Link

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MeitY issues draft norms to mobilise non-personal citizen data with govt

The Ministry of Electronics and IT (MeitY) has issued a draft National Data Governance Framework to mobilise non-personal data of citizens for use by both public and private entities to improve services. The draft policy proposes the launch of a non-personal data based India datasets program and addresses the methods and rules to ensure that non-personal and anonymized data from both government and private entities are safely accessible by the research and innovation ecosystem. Minister of State for Electronics and IT Rajeev Chandrasekhar said the National Data Governance Framework is of interest for artificial intelligence (AI) startups, AI research entities and government departments. "Its imp piece of policy framework thats being devlopd to catalyze #India's $1 Trillion #DigitalEconomy," he tweeted. The draft said during the COVID-19 pandemic, digital governance played a big part in India's resilient response to the pandemic and its impact on lives, livelihoods and the economy. In the post-COVID era, digitisation of government is accelerating faster and data generation is also increasing exponentially which can be used in turn to improve citizens' experience and engagement with the government and governance as a 'Digital Nagrik'.

Source: Link

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INDUSTRY  SCAN                                                                           

General

Govt may reactivate its disinvestment plan of Central Electronics Ltd 

The government is looking to reactivate its plans of disinvestment of Central Electronics Limited (CEL), a top official told Business Today Television. “Core group of secretaries on disinvestment of CEL will be meeting this week to discuss the plan of action,” said an official to Business Today TV.  The government had in November approved the sale of CEL, under the Department of Scientific and Industrial Research (DSIR), to Nandal Finance for Rs 210 crore. The transaction was scheduled to be completed by March 2022. “Inter-ministerial group on disinvestment has examined the allegations that were raised by the employees. Such processes take time and needs consultation across departments.” official added.  Incorporated in 1974, CEL, under the Ministry of Science and Technology, is a pioneer in the field of Solar Photovoltaic (SPV) and it has developed the technology with its own R&D efforts. 

(Business Today, May 23, 2022)

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Bharat Electronics PAT fell by 15.63% on spike in input cost and manpower costs

Bharat Electronics Ltd (BEL) reported -8.35% fall in revenues yoy for the Q4FY22 quarter on consolidated basis at Rs6,339.81 crore. On a sequential basis, revenues were up for the quarter by 71.27%. Full year FY22 revenues were up 8.91% at Rs15,368 crore. For Q4FY22, the defence orders were slightly slower compared to the previous quarter, which resulted in the fall in sales. For the full year, the total revenues were at an all-record level. BEL had an order book position of Rs57,570 crore as of the close of the March 2022 quarter. BEL has been one of the big beneficiaries of the decision to hire more orders to local defence units. The consolidated net profit for Q4FY22 was down -15.63% at Rs1,154.20 crore. The net profits were higher by 93.7% on a sequential basis. During the fourth quarter, the company saw a sharp increase in the raw material costs as well as the manpower costs. This put pressure on the net margins. Net margins were 18.21% in Q4FY22 quarter compared to 19.78% in Q4FY21. NPM was higher compared to 16.10% in Q3FY22. Total final dividend was Rs1.50 per share with added to interim dividends stood at Rs7.50 per share for the full year. 

(IIFL Securities, May 23, 2022)

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Zet Town India unveils state-of-the-art manufacturing facility at Noida

Zet Town India Pvt Ltd is a leading ODM in India's Hearables and Wearables space with single-point comprehensive product life cycle support, focusing on design and manufacturing services in the larger IoT domain.  Zet Town India Pvt Ltd, a Zetwerk company, today unveiled its new state-of-the-art manufacturing facility at Noida in Uttar Pradesh. The plant was inaugurated by the Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar.  Spread out over an area of 50,000 sq.ft, the factory comprises 16 manufacturing lines with advanced testers and a world-class innovation lab for product developmentSpeaking about the new facility, Rajeev Chandrasekhar, said "Over the last 5 years, the Prime Minister has been focusing extensively on bolstering our domestic capabilities in the electronics sector. He recognised this as an incredible growth opportunity for Indian manufacturers prior to the pandemic and over the last two years, that opportunity has grown multi-fold. India has the potential to contribute around US $ 400 billion worth of electronics goods including exports worth US$120 billion, which would account for 9-10% of the overall global value chains, from the current supply potential of 1-2%.

(Devdiscourse, May 17, 2022)

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Our 35-year-old journey through the history of Indian Electronics: TVS Electronics

This decade saw the birth of TVS Electronics as a company that would not just go on to become a leader in its segment, but one that would change the game for the Indian industry. Till the 1970s India was still far behind in the technology game. Telephones and telegraph were the main modes of communication and were primarily owned by the Government. The 80s brought with it a new wave of technology with several advancements in electronic engineering. And luckily, India had begun to ride that wave as soon as it had begun. I remember at the time that with the easing of several norms including foreign investment, 100% foreign equity, reducing customs duties and so on, expansion took place, especially in the computer and consumer electronics sectors. Clearly, it was a time when knowledge was not freely available, and expertise lay in the hands of a chosen few.

(PC Quest, May 16, 2022)

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Star PSU: Bharat Electronics expands global presence to boost exports

Braving the pandemic blues and semiconductor shortage, navratna defence public sector undertaking (PSU) Bharat Electronics Ltd (BEL) ended the financial year 2020-21 on a healthy note, with a 9 per cent increase in net sales to Rs 14,109 crore and a 15 per cent rise in net profit to Rs 2,099 crore, compared to the previous financial year. Its performance on various financial metrics — sales growth, profit growth, return ratios — and, notably, its achievements in its own line of business, is what earned BEL the “Star PSU of the Year” at the Business Standard Annual Awards for Corporate Excellence 2021. Prior to the pandemic, in 2019-20 too, the company’s net sales rose by around 7 per cent year-on-year to Rs 12,968 crore. And a year after the pandemic struck, BEL ended 2021-22 with a turnover of about Rs 15,000 crore, according to provisional numbers, including export sales of $32.3 million.  It has exported to the US, France, Israel, Germany, Switzerland, Sweden, China, Republic of Armenia, Maldives, Indonesia, Sri Lanka, Turkey, and Bhutan in the last two years.

(BS, May 19, 2022)

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Information Technology & EV’s

Computer classes lined up for heads of 3,000 gram panchayats

The Bengal government will provide digital literacy training to chiefs and deputy chiefs of over 3,000 gram panchayats across the state to make them gadget-savvy enough to check digitised and online proposals of welfare schemes before putting their digital signature for the same. Sources said the move had been taken to reduce “malpractices” at rural bodies before the panchayat polls next year.   The training will be rolled out in Bankura on Monday and will cover all districts by June. “We have found that most chiefs and deputy chiefs of rural bodies across the state became dependent on panchayat staff like secretaries and computer assistants. As they sign welfare schemes, they should know how to check the proposals before putting their signatures. It will be of great help to be self-reliant,” state panchayat and rural development minister Pulak Roy said. There are 3,339 gram panchayats in Bengal and by June 30, all chiefs and deputy chiefs of rural bodies will be trained. Officials said the department had a plan to revisit the trainees after a few months to check how the training helped them.

(The Telegraph, May 23, 2022)

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Telecom minister Ashwini Vaishnaw successfully tests 5G call at IIT Madras

Minister of communications, electronics and information technology Ashwini Vaishnaw successfully tested a 5G call in IIT Madras on Thursday. The minister said the entire end to end network is designed and developed in India.  Minister Ashwini Vaishnaw tweeted a video of the test call on Thursday and captioned it "Aatmanirbhar 5G." In the video, Vaishnaw is seen making a video call on a smartphone. He said, "This is the realisation of our honourable prime minister’s dream. His dream is to have 4G and 5G technology developed in India and made for the world. We have to win the world with this entire tech stack." Earlier, the Department of Telecommunications (DoT) confirmed that 5G services will launch in India in 2022. It also revealed that 5G services will be made available in 13 Indian cities in the beginning. It will then be rolled out in remaining cities. Telecom minister Ashwini Vaishnaw announced that the government is expected to hold the auction of the 5G spectrum, including airwaves, in early June. Post the auction, the government may finally start rolling out 5G services to people in the 13 cities in August and September this year. 

(India Today, May 19, 2022)

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Aim to increase India’s share in electronics GVCs to 10%: Rajeev Chandrasekhar

While inaugurating a manufacturing facility for hearables, wearables and IoT devices at Noida on Tuesday, Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar said the government aims to increase India’s share in electronics GVCs to 10 per cent. Rajeev Chandrasekhar added, “Over the last 5 years, the Prime Minister has been focusing extensively on bolstering our domestic capabilities in the electronics sector. He recognised this as an incredible growth opportunity for Indian manufacturers prior to the pandemic and over the last two years, that opportunity has grown multi-fold. India has the potential to contribute around US $ 400 billion worth of electronics goods including exports worth US$120 billion, which would account for 9-10% of the overall global value chains, from the current supply potential of 1-2%.”  Rahul Sharma, Co-Founder of Bengaluru based Zetwerk said “This is a unique scalable model that has the potential to effectively disrupt the monopoly of Chinese manufacturers by addressing the export requirements of industries across the world.”

(Business Today, May 17, 2022)

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 Lenovo unveils new range of ThinkCentre Neo desktops in India

Lenovo on Monday announced its new 'ThinkCentre neo' portfolio of desktop computers in India, promising performance boost over the previous generation, better power management capabilities, and smarter workplace collaboration features. ThinkCentre is known for its enterprise-oriented desktops, and the latest range of 'neo' machines provide up to 14 per cent performance boost over the previous generation, the Personal Computer (PC) maker said. They aim to enhance everyday productivity with better power management, space-saving design, and smarter workplace collaboration features"They are powered by the latest 12th Gen Intel Core processor, with Intel graphics, up to 64GB DDR4 memory, and high-speed USB ports for enhanced productivity and effective collaboration at the workplace," it said. ThinkCentre neo 30a 24 is an all-in-one desktop that aims to enable employees to work faster and multitask better, with its 12th Gen Intel Core performance, according to the statement. 

(ET, May 16, 2022)

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Telecom

Mobile Phone Recycling Market Likely to Enjoy Massive Growth by 2027

Arrow Electronics, Redeem, ReCellular : Global Mobile Phone Recycling Market Size, Status and Forecast is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support (2022-2027). The market Study is segmented by key a region that is accelerating the marketization. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Mobile Phone Recycling Market. The study provides comprehensive outlook vital to keep market knowledge up to date segmented by Recycling & Pollution Prevention, , Physical Store, Internet & Recycle Bin and 18+ countries across the globe along with insights on emerging & major players. If you want to analyse different companies involved in the Mobile Phone Recycling industry according to your targeted objective or geography, we offer customization according to requirements. 

(Digital Journal, May 14, 2022)

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Looking beyond China, Apple plans ramping up production in India, Southeast Asia: Report

Battered by Beijing's strict anti-COVID measures, Apple Inc has told some of its contract manufacturers that it wants to increase the production outside China, the Wall Street Journal reported, citing people familiar with the matter. India and Vietnam, which are already sites of Apple production, are among the countries being seen as an alternative option to China, the report added. This move by Apple, being the largest US company by market capitalization, will influence the thinking of other Western companies which have been considering to reduce their dependency on China for manufacturing or key materials in the wake of Beijing's indirect support to Russia for its invasion in Ukraine and lockdowns in some cities to fight COVID-19.  The power outages last year also dented China's reputation for reliability. Except India, China was the one which have the pool of qualified workers that exceeds the entire population of many alternative countries in Asia. Apple sees India as the closest thing to the next China, as both of them are similar in population and both offers low cost, Wall Street Journal reported. 

(ET, May 22, 2022)

 

Samsung, World’s 2nd Biggest Chip Maker Can Increase Price up to 20%: All Smartphones Will Become Expensive Now? 

Citing people familiar with the matter, it is said that the move is part of an industry-wide push to raise prices to cover rising materials and logistics costs and is expected to be applied from the second half of this year. Depending on the level of sophistication, the prices for contract-based chip are likely to rise around 15% to 20%. By the level of sophistication, it is said that the chips produced on legacy nodes are likely to face bigger hikes. However, Samsung Electronics declined to comment. After Taiwan Semiconductor Manufacturing Co (TSMC), Samsung Electronics happens to be the world’s second-largest chip contract manufacturer.  A 37% jump in current-quarter sales has been forecasted by TSMC. It says that amid the global chip crunch, chip capacity to remain very tight this year. This has kept order books full and allowed chipmakers to charge premium prices In the late April earnings call, Samsung said that the available capacity was less that the demand for its chip contract manufacturing by major customers. It also expects the shortage in the supply to continue.

(Trak In, May 16, 2022)

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Defence, EV & Solar

Raksha Mantri launches two indigenous frontline warships

Raksha Mantri Shri Rajnath Singh launched two frontline warships of the Indian Navy – ‘Surat’ and ‘Udaygiri’ - at Mazagon Docks Limited (MDL), Mumbai on May 17, 2022. ‘Surat’ is the fourth Guided Missile Destroyer of P15B class, while ‘Udaygiri’ is the second Stealth Frigate of P17A class. Both warships have been designed in-house by the Directorate of Naval Design (DND) and built at MDL, Mumbai. The Raksha Mantri, in his address, described the warships as an embodiment of the Government’s unwavering commitment to enhance the country’s maritime capability, with focus on achieving ‘Aatmanirbharta’, at a time when the world is witnessing disruption in global supply chain due to COVID-19 and the Russia-Ukraine conflict. He congratulated the MDL for continued ship production activities despite the pandemic and meeting the strategic requirements of the Indian Navy in the current geo-political scenario.

Source: Link

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Indian Defence Startup “Agnikul Cosmos” to patent 3D-printed rocket engine

Agnikul Cosmos, the space tech startup incubated at the Indian Institute of Technology Madras, will apply for a patent for its full-scale, second-stage engine Agnilet, which it claims is the world’s first single-piece 3D-printed rocket engine. This means it’s been made in one shot without the thousands of parts that are typically assembled in a conventional rocket engine. Agnikul Cosmos has also developed its own mobile launchpad, which allows it to launch rockets from any authorised port. The startup is awaiting final approvals from the Indian Space Research Organisation to launch its rockets from Sriharikota. By developing its own mobile launch pad, the startup is in a better position to scale up its business in the future. In an interview with Moneycontrol, cofounder and CEO Srinath Ravichandran, a Wall Street trader-turned-aerospace engineer, spoke about why India’s space technology ecosystem has an advantage over those of its international counterparts because of its practices and policies and said that there is an immense business opportunity if the challenges of delivering satellites are addressed.

Source: Link

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Defence Startup “GOCL” secures order from Singareni Collierie & HAL

GOCL Corporation Limited, a Hinduja Group Company and a leading manufacturer of energetics and commercial explosives in India secured INR 415 crores deal from Singareni Collieries Company Limited (SCCL). Singareni Collieries is a government-owned-coal mining corporation. Through this deal, GOCL will supply a range of equipment for a span of two years (2022-2024) across its operations. The supplies will include delivery of bulk explosives worth INR 351 crores, LD explosives worth INR 42 crores and accessories worth INR 21 crores approximately. The order resulted in a 40% price hike over the base price and a 5% relaxation in the Powder Factor penalty clause. GOCL Corp Ltd has also recently received a purchase order from Hindustan Aeronautics Limited, an Indian state-owned aerospace and defence company to supply Canopy Severance Systems (CSS) worth INR 19 crores. This has emerged as the single largest order received by the Special Products Group of GOCL Corp Ltd.

Source: Link 

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Amp Energy commissions 45 MW open-access solar project

Developer Amp Energy has completed a 45 MW corporate solar project within the scheduled timelines. The project will supply electricity to Cipla, Eternis Fine Chemicals, and Jubilant Ingrevia. Amp Energy India has announced the commissioning of a 45 MW open-access solar project in Maharashtra. The project has long-term power purchase agreements in place with pharmaceutical producer Cipla, aroma chemical supplier Eternis Fine Chemicals, and integrated science solutions specialist Jubilant Ingrevia Ltd. Amp Energy now has five operational open-access PV projects in Maharashtra, with the last being co-located. “The [45 MW open-access PV] project, envisaged in February 2021, was delivered within the deadline of March 31, 2022, despite an unprecedented rise in costs of all the components and logistics challenges,” said the company.

(PV Magazine May 20, 2022)

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NTPC commissions 35 MW of Kayamkulam floating solar project

 State-owned power producer NTPC has commissioned 35 MW of floating solar capacity. About 57 MW out of its 92 MW Kayamkulam floating solar project is now operational.    State-owned NTPC has announced that it has completed another 35 MW portion of its 92 MW Kayamkulam floating solar project in Kerala. The Kayamkulam floating solar project is being built upon several reservoirs owned by NTPC’s Rajiv Gandhi Gas-based Power Station. NTPC switched on the initial 22 MW phase on March 31. With the commissioning of the second phase, about 57 MW of the project has become operational. The power generated from the project will be supplied to Kerala State Electricity Board through the 22 0kV GIS substation at the NTPC Rajiv Gandhi Gas-based power plant.

(PV Magazine, May 20, 2022)

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Experts building world’s largest solar park in Rajasthan

Rays Experts, an engineering, procurement and construction contractor that specializes in plug-and-play infrastructure for solar projects, is set to complete the construction of the world’s largest solar park in India. The 9,000-acre site, in the Bikaner district of Rajasthan, will be equipped to host up to 3 GWp of solar projects.  The solar park will provide plug-and-play infrastructure for multiple solar projects. This will save time and money for developers, as land, transmission lines, and other infrastructure will be pre-arranged “The rest is in process.” The park is purportedly India’s first and only 100% privately owned ultra-mega solar park to be connected to the central transmission system. All of India’s other major solar parks are partly or wholly owned by the government. “Our solar park is a major factor in risk reduction for solar developers.

(PV Magazine, May 17, 2022)

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Tata Power secures 300 MW solar project from NHPC

Tata Power Solar has secured an engineering, procurement, and construction contract for a 300 MW solar project under India’s Central Public Sector Undertaking scheme. The project, awarded by state-owned hydropower producer NHPC, will be located in the state of Rajasthan.  Following a recent 1 GW win from SJVN, Tata Power Solar has secured a 300 MW solar project from state-owned hydropower producer NHPC. The scheme mandates the use of domestic solar cells and modules. It provides viability gap funding (VGF) to cover the cost difference between domestic and imported solar cells and modules. The project is scheduled for commissioning within 18 months from the award of the contract. Once operational, it is expected to generate approximately 750 million units of electricity per year. With this win, Tata Power’s pending order book has reached INR 13,500 crore, and its total utility-scale solar project portfolio has hit 9.7 GWp.

(PV Magazine, May 17, 2022)

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Consumer Electronics

UK company Dyson to expand operations in India after strong growth

British premium consumer electronics giant will make new investments in India as the company saw strong growth in the period running through the pandemic, where there was a surge for home care products such as vacuum cleaners, air purifiers and hair stylers, , Dyson’s president for the , has said. The company, which has invested over 100 million pounds in India since it started business around four years ago, plans to expand its retail footprint, both offline and online, while bringing newer products in line with their global launch. “For Dyson, India is one of the key priority countries and not just for the Asia-Pacific region, but also globally. We see a huge potential in India,” Centeno told TOI here. He said that the growth was particularly strong during the pandemic period, when the doit yourself phenomenon became the norm as homes turned into offices and schools because of lockdowns and mobility restrictions. “The pandemic led to a shift as consumers opened up to the adoption of technology. As the issue of hygiene is undoubtedly heightened, we saw an increased awareness around indoor air quality and a rise in cleaning frequency. ” 

(TOI, May 23, 2022)

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India's heat wave to lift AC sales to record but supplies from China delayed

Indian air conditioner manufacturers are expecting record sales this year as a heatwave scorch most of the country, an industry body told Reuters, but delayed arrivals of components from COVID-hit China may cause shortages of premium products. With temperatures this month breaching 49 degrees Celsius in New Delhi, sales are set to reach 8.5-9 million units this year, up from 2019's previous record of 6.5 million, the head of the Consumer Electronics and Appliances Manufacturers Association (CEAMA) said. "The market has been extremely good because this year, we got the heat in the second half of March rather than April," CEAMA President Eric Braganza, formerly the India head of China's Haier Appliances, said on Tuesday. Power demand has also hit a record high as India registered its hottest March in more than a century and an unusually hot April.  Braganza, whose association members include Voltas Ltd, Whirlpool of India Ltd and Havells India Ltd, said deliveries of parts from China are now taking 60-90 days, up from 45 days normally.

(BS, May 17, 2022)

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Samsung brings Big TV Days sale offering deals on premium smart TVs. Check here

Samsung ‘Big TV Days’ sale is back offering on its premium, big screen Neo QLED 8K, Neo QLED, QLED, The Frame & Crystal 4K UHD TVs. These offers will be applicable at all leading consumer electronics retailer stores across the country. The limited period offer will provide customers with an opportunity to avail offers as well as assured gifts on Samsung’s premium range of TVs till June 30, 2022. These offers include assured Galaxy S22 Ultra smartphone worth ₹1,31,999 with 75-inch and above Neo QLED 8K TVs. Consumers will also get assured Galaxy A22 5G smartphone worth ₹19,999 on the purchase of select models of Neo QLED, QLED TVs, 75-inch Frame TV and 75-inch and above models of Crystal 4K UHD TVs. Consumers purchasing 50-inch Neo QLED TV, 50-inch or 55-inch QLED TVs will also get a complimentary SlimFit Camera worth ₹8,900. During this period, consumers can avail up to 20% cashback and easy EMI options starting as low as ₹1,990 on Samsung’s 50-inch and above premium range of televisions.

(Mint, May 16, 2022)

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MSME

Over Rs 7 lakh cr worth projects outstanding in Assam in 3 yrs: MSME report  

GUWAHATI: Investment projects worth Rs 7,67,518.72 crore have been outstanding in Assam since 2018-19 against projects valued at Rs 6,49,313.63 crore being implemented in the same period, a new study has found. A report brought out by the MSME Export Promotion Council jointly with knowledge firm BillMart FinTech has revealed that Assam is increasingly emerging as an epicentre for investment, both for the government and private sectors.
Financial year, Assam may generate over one lakh direct and indirect jobs provided the COVID-19 pandemic subsides.

Source: Link

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Tirupur Exporters Association urge SBI to help MSMEs tide out liquidity crisis

COIMBATORE: The Tirupur Exporters Association (TEA) on Wednesday requested public sector State Bank India (SBI) to help MSMEs tide over the liquidity crisis, as the knitwear sector is passing through a difficult situation due to an unprecedented surge in cotton prices that have more than doubled. The subsequent hike in yarn prices have also doubled compared to last year, ultimately resulted in the Tirupur knitwear garment sector and stakeholder working units going into confusion and seeking support from the government as well as the banks to pull them out of the crisis, TEA President Raja M Shanmugham said in a letter to SBI Chairman Dinesh Kumar Khara.

Source: Link

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Kinara Capital raises Rs 380 cr from Nuveen, ASN Microkredietfonds

NEW DELHI: Small business-focussed NBFC Kinara Capital on Tuesday said it has raised fresh equity capital of Rs 380 crore from Nuveen's Global Impact Fund and Triple Jump's ASN Microkredietfonds Fund. Nuveen is a global investment manager and ASN Microkredietfonds is a Dutch microfinance fund. "This new equity investment will lead to Kinara's expansion of products and services to meet the rapidly increasing MSME credit demand in India. Kinara Capital aims to grow by 500 per cent by 2025 with plans to disburse Rs 10,000 crore of MSME business loans in the next three years," Kinara Capital said in a release.

Source: Link

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ELCINA EVENTS , ACTIVITIES & SERVICES 

SEMI President & CEO Mr Ajit Manocha and ELCINA Leaders agree to collaborate

In the backdrop of Semicon India 2022 being organised in Bengaluru from 29^th April by Ministry of Electronics & IT and the recently announced Scheme for Promotion of Semiconductor Eco-System in India with a massive outlay of Rs 76,000 Crores, SEMI President & CEO Mr Ajit Manocha met ELCINA Leaders in New Delhi to explore collaboration opportunities for promoting the Semiconductor and electronics industry. The vision of the industry leaders is to catalyse the industry in India and support investors by ensuring that the benefits of the Semiconductor and other schemes under National Policy on Electronics are delivered to them and targets achieved. 

SEMI, headquartered in Milpitas, California, USA, is the leading global industry association comprising companies involved in the semiconductor, electronics design and manufacturing supply chain connecting a vast global community from electronics domain serving more than 2,500 member companies and 1.3 million professionals worldwide.

SEMI is headed by Mr Ajit Manocha, a distinguished industry leader with over 40 years of global experience in the semiconductor industry. Formerly he was CEO at GlobalFoundries. He has had an esteemed career shouldering top responsibilities at Spansion, Philips/NXP Semiconductors following his early career success at AT&T Bell Laboratories where, as a research scientist, he was granted several patents related to microelectronics manufacturing. Mr Manocha is active on global advocacy issues, championing electronics advances to improve global innovation, health, safety, talent, and education. In 2020, the Silicon Valley Engineering Council inducted him to be in the Silicon Valley Engineering Hall of Fame.

The two associations agreed to foster collaboration and identify potential opportunities in upcoming semiconductor and microelectronics sector in the country and work to realise the potential.

Speaking on the occasion, Mr Sanjay Agarwal, President ELCINA expressed great enthusiasm on the prospects of SEMI and ELCINA working together. He said “ELCINA is dedicated to serving electronics manufacturing across verticals and supporting Semiconductor manufacturing is a matter of pride for us. Some of our long-term members are manufacturing Discrete semiconductors and devices and our collaboration with SEMI will strengthen our efforts and enable growth of this high-tech segment. Our strengths are complementary, and this will have very encouraging results in the times to come. ELCINA can provide an interactive and vibrant platform in India to global companies represented by SEMI and hand holding them to successfully establish operations in India and avail benefits of the schemes formulated by the Central and State Governments of India. We are dedicated to work to provide a seamless and positive experience in India”.

Mr Ajit Manocha too expressed happiness at the prospect of SEMI working with ELCINA and welcomed the strategic objective of Government of India and the industry to become a hub for electronics and semiconductor innovations serving the requirement of the world. “The partnership with ELCINA will be beneficial for the entire industry,” Mr Manocha said. “Some tough lessons had been learned from the geo-political issues over the last 2-3 years which had shaken up the confidence of global companies”. However, he stated that “India had not taken advantage of the opportunities which had emerged while smaller economies such as Vietnam and Philippines had been able to gain more. The new Semiconductor Policy announced by Ministry of Electronics & IT is well thought out and much better geared to catalyse the growth of the semiconductor industry in India. We are very happy to collaborate with ELCINA to connect the industry in India with the global semiconductor community for mutual benefit. We will work towards the common objectives of supporting the global electronics industry and strengthen the efforts for research and development for sustainability, green electronics, societal gains and skill development”.

Dr Ashwini Agarwal, Director, Applied Materials spoke on the India Semiconductor Opportunity -Challenge and Change, and highlighted the “huge potential for ELCINA to work together to promote the semiconductor industry in line with ‘Make in India’ opportunity. There was need for strong focus on B2B engagement and collaborations for investment and market promotion” Dr Agarwal said. Mr Amrit Manwani, Chairman Sahasra Group which is establishing the first Semiconductor facility for packaging memory devices was equally optimistic about the SEMI – ELCINA collaboration and fiture of semiconductor manufacturing in India. “Being a part of ‘AtmaNirbhar Bharat” initiative the ‘India Semiconductor Mission’ (ISM) is bound to be a great success and we at ELCINA would be happy to be a part of this nation building exercise”.

Key ELCINA members and Past Presidents who participated included Mr Vinod Sharma, MD, Deki Electronics Ltd., Mr Sanjive Narayan, Director, Syrma-SGS and Mr Pankaj Gulati, COO, CDIL. They were keenly looking forward to this close association with SEMI as there was great synergy between the two associations with potential to work together for benefit of their respective members. Notable participating organisations in the meeting included Infineon, Corning, Tata Electronics, Seoul Semiconductors and NCFlexe, IIT Kanpur. Speaking on behalf of ELCINA Members, Rajoo Goel, Secretary General, said that the all-encompassing role of SEMI covering wide scope of the electronics industry is highly synergistic with ELCINA for future engagements to bring new opportunities for Indian industry and enable them to move into the higher technology space.

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FORTHCOMING EVENTS &  GENERAL INFORMATION 

 Overseas Shows

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Note : Since this information is subject to change, especially in view of the spread of the corona virus, all those interested are advised to ascertain the details from the organizers before making any commitment.

Domestic Shows  

Note : Since this information is subject to change, especially in view of the spread of the corona virus, all those interested are advised to ascertain the details from the organizers before making any commitment.

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 ELCINA Micro & Small Industries Forum  (EMSIF)                               

     EMSIF Marketing Booklet

 For more details about the Forum please contact:

Rajesh Rawat

Manager – Events & CKM

Cell: +91 9911445890

Email: rajesh@elcina.com / support@elcina.com

 

Prachi Naphade

Executive –  Projects, Research and Communication

Email: prachi@elcina.com

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ELCINA PRODUCT DISPLAY CENTRE at  ELCINA HOUSE

The 'OSRAM DISPLAY CENTRE' in ELCINA House is a permanent Display Centre and serves to showcase the Indian electronics industry to visitors. The Display Centre has now 11 Full Stalls and 4 Half/Mini Stalls, presently occupied by the following Member-companies:-  

Two full stalls are currently available at present and interested members may kindly contact ELCINA House, New Delhi (saly@elcina.com) for advance booking of the same.

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PUBLICATIONS

ELCINA EMS Task Force Report:

(recently Launched by Mr. Ajay Sawhney, Secretary, Min. of Electronics & IT)

ELCINA constituted a Task Force to study the EMS Sector and come up with a Research Report providing details of the status and prospects of this ESDM segment. The task force had representation from MeitY & Invest India. The EMS Task Force commenced deliberations in July 2020 and concluded the same in November, coming up with valuable details such as the sector’s current size, growth potential, exports and policies which impact its progress. 

The Task Force findings are compiled in the form of a report. As per report, globally EMS sector was valued at US$ 832 Bn in 2019 and estimated to grow to US$ 1055 Bn by 2025. ELCINA predicts that the Indian EMS industry will gallop from US$ 23.5 Bn in 2019-20 to US$ 152 Bn by 2025. This effectively means that it has the potential to grow from <3% of the global industry to about 14% within 5 years.

You may order the same from by following the below link;

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

“Indian Printed Circuit Board Industry & Market Research Report

The evolution of miniaturization and sub-miniaturization in the design of electronic equipment led to the emergence of a new technique of inter-component wiring and assembly known as the printed circuit board (PCB). This technology has now become the backbone of electronic devices. They provide the required mechanical support structure and electrical connect for the circuit. In addition to providing the connectivity, they also help to reduce the overall size and enhance the efficiency of the device.

• By 2020, the electronics market in India is expected to increase with a CAGR of 25.1 per cent to USD 400 billion from USD 104 billion in 2015

• Currently only 35% of this demand is currently being met by local manufacturers. And for the rest 65%, India is still dependent on imports.

• Hence, PCB- being the backbone of electronics holds a huge demand in India - Current demand of USD 2.01 Billion represents the demand based on the total PCBs (which includes both the bare board PCBs and the populated PCBs)

• Current market size for bare PCBs is USD 1.2 Billion - Only 30% of this demand for bare PCBs is currently being met by local PCB manufacturers. And for the rest 70%, India.

You may order the same from by following the below link;

https://elcina.com/an-update-on-the-indian-printed-circuit-board-industry

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“Opportunities and Challenges in the Strategic Electronics Sector, with special focus on MSMEs”. 

We are pleased to inform you that, a Special Report (update 2016) has been prepared by ELCINA on “Opportunities and Challenges in the Strategic Electronics Sector, with special focus on MSMEs”.  This Report involved detailed research & discussions with varied stakeholders from Defence Sector. It provides updated information as well as recommendations for next steps for Strategic Electronics and policy changes that we believe are required to take the Defence Electronics Sector to new heights. The updated report was released during Strategic Electronics Summit 2016.

This Study provides on insight into the Defence Electronics eco-system in India and is a guide, both for the industry as well as the defence establishment to chalk out a path to success in this important sector. You may order the same from by following the below link

https://elcina.com/a-study-on-opportunities-and-challenges-in-strategic-electronics-in-aerospace-defence-sector-with-focus-on-msmes

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 Super Capacitor-Market Landscape Study

A Supercapacitor or Ultracapacitor is a charge storage device that stores electrical charges via electrochemical & electrostatic processes and has an unusually high energy density when compared to common capacitors. Due to their beneficial properties like fast charging ability,

superior low temperature performance, long service and cycle life, and reliability, Supercapacitors hold the potential to replace or complement traditional batteries and capacitors in several applications. Supercapacitors are already being used world   wide in number of applications ranging from automotive, renewable energy to electronics. For more details you can visit below link:

https://elcina.com/super-capacitor-market-landscape-study

For enquiries, call Ms.Tandra Majumder,
ELCINA HOUSE, 422 Okhla Industrial Estate, Phase III, New Delhi - 110 020.

Tel: +91 (011) 41615985, 41011291
Email: tandra@elcina.com  or info@elcina.com

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