Indian Electronics Manufacturing Developments : News, Updates and Discussions
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ICEA lauds UP govt's aid for handset makers
The handset manufacturing industry has hailed UP government’s latest electronics manufacturing policy to incentivise producers with benefits worth Rs 40,000 crore, almost equal to the Centre’s aid, and generate 4 lakh direct jobs in the next five years.
By ET Telecom
August 25, 2020, 15:25 IST
New Delhi: The handset manufacturing industry has hailed UP government’s latest electronics manufacturing policy to incentivise producers with benefits worth Rs 40,000 crore, almost equal to the Centre’s aid, and generate 4 lakh direct jobs in the next five years.
The State which accounts for 60% of India’s total mobile phones and parts production in its Noida, Greater Noida and Yamuna Expressway regions is extending the new policy to the entire State now. To address the regional imbalance, double the rate of land subsidy has been provided to investors for setting up manufacturing units in Bundelkhand and Purvanchal regions, according to UP government’s Electronics Manufacturing Policy 2020, announced last week.
“We are confident that with such incentivization/ policy support the state would further witness the accelerated establishment of units in short to medium term periods,” Pankaj Mohindroo, chairman, India Cellular and Electronic Association (ICEA) said in a statement on Tuesday.
“Specific policy initiatives such as allowing dormitory facilities to be established within the manufacturing premises/location is a welcome step by the State Government. The 100000 lacs crores plus mobile phone production which looks so big today in UP will fade away as marginal when the industry truly goes global”, he said.
As per Centre’s National Policy for Electronics 2019 objectives, the total mobile phone manufacturing target is USD 190 Billion by 2025-26 which is approximately 50% of the total electronics hardware manufacturing target of USD 400 Billion.
The industry body which represents smartphone brands such as Vivo, Oppo, Xiaomi, Apple and Micromax, said its second MoU with the UP Government signed in February 2018 with an investment target of INR 10,000 crores and generation of 300,000 jobs is heading towards optimum fulfilment.
UP’s policy has made the investors eligible for capital subsidy of 15% and additional capital subsidy of 10% on investment more than Rs 1,000 crore. “The investors will also get interest subsidy of 5% per annum on the loan obtained from scheduled banks/ financial institutions. The new policy will also provide stamp duty exemption, land subsidy, patent cost reimbursement, electricity duty exemption, incentive for EMC development and individual units,” according to a previously issued statement by the State.
telecom.economictimes.indiatimes.com
The handset manufacturing industry has hailed UP government’s latest electronics manufacturing policy to incentivise producers with benefits worth Rs 40,000 crore, almost equal to the Centre’s aid, and generate 4 lakh direct jobs in the next five years.
By ET Telecom
August 25, 2020, 15:25 IST
New Delhi: The handset manufacturing industry has hailed UP government’s latest electronics manufacturing policy to incentivise producers with benefits worth Rs 40,000 crore, almost equal to the Centre’s aid, and generate 4 lakh direct jobs in the next five years.
The State which accounts for 60% of India’s total mobile phones and parts production in its Noida, Greater Noida and Yamuna Expressway regions is extending the new policy to the entire State now. To address the regional imbalance, double the rate of land subsidy has been provided to investors for setting up manufacturing units in Bundelkhand and Purvanchal regions, according to UP government’s Electronics Manufacturing Policy 2020, announced last week.
“We are confident that with such incentivization/ policy support the state would further witness the accelerated establishment of units in short to medium term periods,” Pankaj Mohindroo, chairman, India Cellular and Electronic Association (ICEA) said in a statement on Tuesday.
“Specific policy initiatives such as allowing dormitory facilities to be established within the manufacturing premises/location is a welcome step by the State Government. The 100000 lacs crores plus mobile phone production which looks so big today in UP will fade away as marginal when the industry truly goes global”, he said.
As per Centre’s National Policy for Electronics 2019 objectives, the total mobile phone manufacturing target is USD 190 Billion by 2025-26 which is approximately 50% of the total electronics hardware manufacturing target of USD 400 Billion.
The industry body which represents smartphone brands such as Vivo, Oppo, Xiaomi, Apple and Micromax, said its second MoU with the UP Government signed in February 2018 with an investment target of INR 10,000 crores and generation of 300,000 jobs is heading towards optimum fulfilment.
UP’s policy has made the investors eligible for capital subsidy of 15% and additional capital subsidy of 10% on investment more than Rs 1,000 crore. “The investors will also get interest subsidy of 5% per annum on the loan obtained from scheduled banks/ financial institutions. The new policy will also provide stamp duty exemption, land subsidy, patent cost reimbursement, electricity duty exemption, incentive for EMC development and individual units,” according to a previously issued statement by the State.
ICEA lauds UP govt's aid for handset makers - ET Telecom
Handset Makers: The handset manufacturing industry has hailed UP government’s latest electronics manufacturing policy to incentivise producers with benefits worth Rs 40,000 crore, almost equal to the Centre’s aid, and generate 4 lakh direct jobs in the next five years.
There is a lot happening in the electronics industry in India recently. Many assembly lines and manufacturing facilities for TVs, phones and other appliances coming up. By some measures we've already achieved quite the scale in electronic industry. We have to do more and also have to climb up the value chain. Lets use this thread to track all progress going on in the electronics sector.
I'll move some posts from the Indian Economy thread to here.
I'll move some posts from the Indian Economy thread to here.
Tata Sky, Technicolor Partner to Shift Set-Top Box Manufacturing to India
The two companies will be realigning production of set-up boxes by early 2021.
By Tanishka Sodhi | Updated: 28 August 2020 17:53 IST
HIGHLIGHTS
Tata Sky is shifting a significant portion of its set-top box sourcing to India, the company said in a statement. The company has tied up with Technicolor in order to develop set-top boxes for the Indian market that will be manufactured and distributed within the country. Since the set-up boxes will be made locally, it is likely that the prices of the set-top boxes will come down, benefitting customers. “Make in India” has gained significant traction in the last few months, especially with escalating anti-China sentiments thanks to a recent border conflict between the two nations. The company however has cited changes caused by the COVID-19 pandemic as the reason for the move.
Harit Nagpal, MD and CEO of Tata Sky, said in an official release that Tata Sky and Technicolour will be realigning production of a group of set-top boxes to India by early 2021. He said that this move is coming at a time when the world is adjusting to the rapid changes that are emerging in light of the effects of the coronavirus pandemic.
The shift in production and supply chain operations, according to the two companies, will streamline the manufacture and delivery of STBs to consumers in India.
Tata Sky's decision to tie up with Technicolor to manufacture set-up boxes locally comes at a significant time; many companies are attempting to make the shift to manufacture products locally. This move will further the Make in India ambition, although only a part of the sourcing will be shifted to India as of now, as per the company's official release.
Luis Martinez-Amago, President of Technicolor Connected Home, said that Technicolour's flexible and adaptable supply chain is especially valuable in volatile situations such as the ones created by COVID-19.
“Our supply chain capabilities have proven to be a strategic asset as we offer multiple options to our customers. We remain committed to minimizing risk and total cost of ownership for services providers around the world,” Amago added.
Tata Sky currently offers four set-top boxes in India. The Tata Sky Binge pack is available for Rs. 3,999, and the Tata Sky+ HD box is priced at Rs. 4,999. The HD set-top box and the SD set-top box are both available for Rs. 1,499 each.
gadgets.ndtv.com
The two companies will be realigning production of set-up boxes by early 2021.
By Tanishka Sodhi | Updated: 28 August 2020 17:53 IST
HIGHLIGHTS
- A portion of Tata Sky set-up boxes will now be made locally
- The company has tied up with Technicolor to make setup boxes locally
- The production will be realigned to India by early 2021
Tata Sky is shifting a significant portion of its set-top box sourcing to India, the company said in a statement. The company has tied up with Technicolor in order to develop set-top boxes for the Indian market that will be manufactured and distributed within the country. Since the set-up boxes will be made locally, it is likely that the prices of the set-top boxes will come down, benefitting customers. “Make in India” has gained significant traction in the last few months, especially with escalating anti-China sentiments thanks to a recent border conflict between the two nations. The company however has cited changes caused by the COVID-19 pandemic as the reason for the move.
Harit Nagpal, MD and CEO of Tata Sky, said in an official release that Tata Sky and Technicolour will be realigning production of a group of set-top boxes to India by early 2021. He said that this move is coming at a time when the world is adjusting to the rapid changes that are emerging in light of the effects of the coronavirus pandemic.
The shift in production and supply chain operations, according to the two companies, will streamline the manufacture and delivery of STBs to consumers in India.
Tata Sky's decision to tie up with Technicolor to manufacture set-up boxes locally comes at a significant time; many companies are attempting to make the shift to manufacture products locally. This move will further the Make in India ambition, although only a part of the sourcing will be shifted to India as of now, as per the company's official release.
Luis Martinez-Amago, President of Technicolor Connected Home, said that Technicolour's flexible and adaptable supply chain is especially valuable in volatile situations such as the ones created by COVID-19.
“Our supply chain capabilities have proven to be a strategic asset as we offer multiple options to our customers. We remain committed to minimizing risk and total cost of ownership for services providers around the world,” Amago added.
Tata Sky currently offers four set-top boxes in India. The Tata Sky Binge pack is available for Rs. 3,999, and the Tata Sky+ HD box is priced at Rs. 4,999. The HD set-top box and the SD set-top box are both available for Rs. 1,499 each.
Tata Sky, Technicolor Partner to Shift Set-Top Box Manufacturing to India
The two companies will be realigning production of set-up boxes by early 2021.
No one looks like exporting whatever assembled here. Everything assembled & circulated inside india for our own consumption. Look Xiaomi they are selling TVs & smart phones like cakes.
Who do u think gains us or xiaomi(china) ?
Our consumption is massive. Isn't it natural to take some time to get to the level of production where Indian factories can supply to both domestic and foreign markets ?
Case in point, Lava and Micromax have also managed to rake up a few deals in 2019 from US telecom companies : AT&T, T-mobile and Sprint to make sub-$200 category smartphones in their India facility. The order was worth around Rs 2,500 crore and the phones will be branded AT&T and so on.(check post #11 on this thread)
There is a simple solution to this. Don't buy from them. For now let them keep making in India. Once we reach a certain level of production GoI can push them out of the market. The same thing happened to the GM car plant in India. Although the GoI didn't push them out, their competitors did. Nobody wanted to buy GM cars when there was Hyundais and Suzukis around. That factory is now a ready made production line for other makers to buy up.
Same can happen with Chinese brands. Get them to set up production is scale. Then push them out and let other companies, preferably domestic ones, get that factory. We won't go from nothing to everything in a day or a year. It takes some time.
In any case, Samsung and Apple are scaling up rapidly in India. Lava has made a comeback in the phone market. Their new phone was sold out so quickly on e-commerce sites that now they are struggling to keep up with demand. Micromax will launch a phone by the next few months. Jio-Google tied up for affordable smartphones. Chinese brands are about to have a tough time in mobile markets. Recently Samsung outsold the Chinese in smartphones sector, even though Samsung phones are more expensive. Jio-Google phones will especially hurt the Chinese. The USP of Chinese brands is that they are cheap, that's where Jio plans to hit them. Nobody does cheap like Jio.
Its the same story in the TV/Smart TV market. Kodak, brand owned in India by Super Plastronics Pvt Ltd (SPPL), is setting up a big and fully automated production line in UP. SPPL also makes Thomson branded TVs in India. Contract manufacturer Dixon is scaling up manufacturing of Samsung. Chinese and Japanese brands also make in India.
Kodak TV to invest ₹500 cr to set up plant in Hapur
Kodak TV to invest ₹500 cr to set up a fully-automated television manufacturing plant in Hapur
www.livemint.com
GoI recently banned some TV imports :
Govt imposes import restrictions on colour TV sets
The Indian government has imposed restrictions on colour TV imports and this was announced in an announcement made by the Directorate General of Foreign Trade (DGFT) today.
In our current stage of development of electronics industry scale is vital. So we need to get people, including the Chinese, to set up production here. Once we scale up we will start exporting. Then we can move up the value chain. From mobile making lets go to laptop making. From assembling TV display panels lets set up a display foundry. None of that will happen overnight.
For example, we know mobile manufacturing has attained scale. The outcome of that scale is this :
Samsung to set up India’s 1st mobile display plant
The South Korean company is investing more than Rs 3,500 crore in this facility in Noida, as per a regulatory filing with the Registrar of Companies (RoC). It could later be expanded to manufacture displays of other devices as well.
This factory will make all kinds of display panels. Initially the small touch screen ones for phones and tablets, then the larger non touch screen ones for TVs, monitors, laptops etc. Samsung is also considering setting up phone battery unit in India.
Big booster: Govt panel clears $100-billion mobile export proposals from global manufacturers
By Anandita Singh Mankotia, ET Bureau
Last Updated: Sep 07, 2020, 09:38 AM IST
The PLI scheme, which aims to make India a manufacturing hub for smartphones, was notified in April. Apple’s contract manufacturers started producing its latest handset models, the iPhone 11 and iPhone SE, shortly after that in India.
New Delhi: Applications by iPhone contract makers Foxconn, Pegatron and Wistron as well as Samsung, Karbonn, Lava and Dixon to export mobile phones worth around $100 billion from India have been cleared by the empowered group, said people with knowledge of the matter.
“The empowered committee has approved all applications estimated to export around $100 billion (Rs 7.3 lakh crore) worth mobile phones under the production linked incentive scheme (PLI) and all the applications will be placed before the cabinet probably this week,” a senior government official told ET.
Members of the empowered committee include the Niti Aayog CEO along with the secretaries of economic affairs, expenditure, revenue, the Ministry of Electronics and Information Technology (MeitY), Department for Promotion of Industry and Internal Trade (DPIIT) and Directorate General of Foreign Trade (DGFT). Five of the applicants are overseas ones, seven are Indian and another six are in the components manufacturing scheme, officials said.
Apple’s contract manufacturers and Samsung have submitted production estimates of phones worth $50 billion each in the next five years, according to the applications, said people with knowledge of the matter. Exports will be slightly lower in each case.
Scheme was Notified in April
“The extraordinary response to the PLI shows enormous trust of the global community in India’s manufacturing capability and leadership of Prime Minister Narendra Modi,” Communications & IT minister Ravi Shankar Prasad told ET.
The PLI scheme, which aims to make India a manufacturing hub for smartphones, was notified in April. Apple’s contract manufacturers started producing its latest handset models, the iPhone 11 and iPhone SE, shortly after that in India. The scheme is aimed at attracting manufacturers looking to move out of China amid Sino-US trade tensions, and even looks to draw companies from manufacturing hubs such as Vietnam. While Foxconn and Wistron already have plants running in India, Pegatron — Apple's second-largest contract manufacturer — is looking to set up its factory and is talking to states such as Uttar Pradesh, Tamil Nadu, Karnataka and Andhra Pradesh.
Meanwhile, Samsung, which now exports phones worth about $2.5 billion from India, is all set to ramp up its production to handsets worth $50 billion in the next five years. Of this, $40 billion will comprise devices with a factory price of more than $200.
“Samsung exporting $2.5 billion out of India — of this, 97% was in the below $200 segment. By putting this floor price of $200 for eligibility in the PLI scheme, we have incentivised them to make high-value phones in the country and now they will be vacating this space of less than Rs 15,000 factory price for Indian players to occupy,” said the first official cited above. “This is an important stage as it will ensure that Indian players are able to climb up the learning curve and start making world-class smartphones to compete globally.”
The five global applicants are Samsung, two units of Foxconn, Wistron and Pegatron. The domestic ones are Lava, Dixon, Micromax, Padget Electronics, Sojo, Karbonn and Optiemus. According to government data, 22 companies had applied for the Rs 41,000-crore PLI scheme.
m.economictimes.com
By Anandita Singh Mankotia, ET Bureau
Last Updated: Sep 07, 2020, 09:38 AM IST
The PLI scheme, which aims to make India a manufacturing hub for smartphones, was notified in April. Apple’s contract manufacturers started producing its latest handset models, the iPhone 11 and iPhone SE, shortly after that in India.
Synopsis
Foxconn, Pegatron, Wistron, Samsung, Karbonn, Lava among manufacturers that submitted applications. Apple’s contract manufacturers and Samsung have submitted production estimates of phones worth $50 billion each in the next five years.
Foxconn, Pegatron, Wistron, Samsung, Karbonn, Lava among manufacturers that submitted applications. Apple’s contract manufacturers and Samsung have submitted production estimates of phones worth $50 billion each in the next five years.
New Delhi: Applications by iPhone contract makers Foxconn, Pegatron and Wistron as well as Samsung, Karbonn, Lava and Dixon to export mobile phones worth around $100 billion from India have been cleared by the empowered group, said people with knowledge of the matter.
“The empowered committee has approved all applications estimated to export around $100 billion (Rs 7.3 lakh crore) worth mobile phones under the production linked incentive scheme (PLI) and all the applications will be placed before the cabinet probably this week,” a senior government official told ET.
Members of the empowered committee include the Niti Aayog CEO along with the secretaries of economic affairs, expenditure, revenue, the Ministry of Electronics and Information Technology (MeitY), Department for Promotion of Industry and Internal Trade (DPIIT) and Directorate General of Foreign Trade (DGFT). Five of the applicants are overseas ones, seven are Indian and another six are in the components manufacturing scheme, officials said.
Apple’s contract manufacturers and Samsung have submitted production estimates of phones worth $50 billion each in the next five years, according to the applications, said people with knowledge of the matter. Exports will be slightly lower in each case.
Scheme was Notified in April
“The extraordinary response to the PLI shows enormous trust of the global community in India’s manufacturing capability and leadership of Prime Minister Narendra Modi,” Communications & IT minister Ravi Shankar Prasad told ET.
The PLI scheme, which aims to make India a manufacturing hub for smartphones, was notified in April. Apple’s contract manufacturers started producing its latest handset models, the iPhone 11 and iPhone SE, shortly after that in India. The scheme is aimed at attracting manufacturers looking to move out of China amid Sino-US trade tensions, and even looks to draw companies from manufacturing hubs such as Vietnam. While Foxconn and Wistron already have plants running in India, Pegatron — Apple's second-largest contract manufacturer — is looking to set up its factory and is talking to states such as Uttar Pradesh, Tamil Nadu, Karnataka and Andhra Pradesh.
Meanwhile, Samsung, which now exports phones worth about $2.5 billion from India, is all set to ramp up its production to handsets worth $50 billion in the next five years. Of this, $40 billion will comprise devices with a factory price of more than $200.
“Samsung exporting $2.5 billion out of India — of this, 97% was in the below $200 segment. By putting this floor price of $200 for eligibility in the PLI scheme, we have incentivised them to make high-value phones in the country and now they will be vacating this space of less than Rs 15,000 factory price for Indian players to occupy,” said the first official cited above. “This is an important stage as it will ensure that Indian players are able to climb up the learning curve and start making world-class smartphones to compete globally.”
The five global applicants are Samsung, two units of Foxconn, Wistron and Pegatron. The domestic ones are Lava, Dixon, Micromax, Padget Electronics, Sojo, Karbonn and Optiemus. According to government data, 22 companies had applied for the Rs 41,000-crore PLI scheme.
Big booster: Govt panel clears $100-billion mobile export proposals from global manufacturers - The Economic Times
New Delhi: Applications by iPhone contract makers Foxconn, Pegatron and Wistron as well as Samsung, Karbonn, Lava and Dixon to export mobile phones worth around
Production-linked sops to be extended to solar PV makers
Updated: 11 Sep 2020, 08:01 AM IST
By Utpal Bhaskar & Malyaban Ghosh
The move will help global manufacturing companies that are exploring a China plus one strategy
A ₹4,500 crore scheme to attract solar PV module makers is in the works. (Photo: Mint)
India is preparing to offer incentives to producers of high-efficiency solar photovoltaic (PV) modules and battery storage as part of moves to attract global firms that are planning to shift manufacturing out of China, said a person aware of the development. The move will help global manufacturing companies that are exploring a China plus one strategy for production.
While a package for ₹18,000 crore is in the works for battery storage manufacturing over the next six years, the government is also looking at a similar ₹4,500 crore scheme to attract solar PV makers. A recent meeting of group of secretaries took place to suggest a plan to attract companies to set up manufacturing units in the country. Mint had reported on 21 July citing economic affairs secretary Tarun Bajaj that the government will extend the production-linked incentive (PLI) it announced in March for electronics production to some more sectors soon.
The Centre last month received applications from top global and domestic mobile phone makers such as Samsung, Pegatron, Wistron, Foxconn, Rising Star, Lava, Micromax, among others, under the PLI scheme. Currently, Apple and Samsung together account for nearly 60% of global sales revenue of cell phones and with this scheme, these firms are looking to expand their presence in India.
Under the PLI scheme, the government plans to give 4-6% incentive to eligible electronic companies on incremental sales (over base year) of manufactured goods—mobile phones and electronic components such as printed circuit boards, sensors, among others—for a period of five years. The base year over here is 2019-20. The incentives are applicable from 1 August.
Over the next five years, the scheme is expected to lead to a total production worth ₹11.5 trillion, out of which more than 60% will be contributed by exports.
The scheme will bring additional investment in electronics manufacturing to the tune of ₹11,000 crore and create 300,000 direct jobs.
India is putting the final shape on a plan to build at least four Tesla-style giga factories to manufacture batteries with an investment of around $4 billion, as the country prepares to switch to electric vehicles to curb pollution and cut its dependence on foreign oil.
India also plans to offer land near its ports to companies for building solar equipment factories, as it seeks to attain self-reliance and challenge China’s dominance. The plan follows the government’s decision to impose tariff and non-tariff barriers to put a check on imported solar cells and modules that will make their sourcing from China costlier.
www.livemint.com
Updated: 11 Sep 2020, 08:01 AM IST
By Utpal Bhaskar & Malyaban Ghosh
The move will help global manufacturing companies that are exploring a China plus one strategy
A ₹4,500 crore scheme to attract solar PV module makers is in the works. (Photo: Mint)
India is preparing to offer incentives to producers of high-efficiency solar photovoltaic (PV) modules and battery storage as part of moves to attract global firms that are planning to shift manufacturing out of China, said a person aware of the development. The move will help global manufacturing companies that are exploring a China plus one strategy for production.
While a package for ₹18,000 crore is in the works for battery storage manufacturing over the next six years, the government is also looking at a similar ₹4,500 crore scheme to attract solar PV makers. A recent meeting of group of secretaries took place to suggest a plan to attract companies to set up manufacturing units in the country. Mint had reported on 21 July citing economic affairs secretary Tarun Bajaj that the government will extend the production-linked incentive (PLI) it announced in March for electronics production to some more sectors soon.
The Centre last month received applications from top global and domestic mobile phone makers such as Samsung, Pegatron, Wistron, Foxconn, Rising Star, Lava, Micromax, among others, under the PLI scheme. Currently, Apple and Samsung together account for nearly 60% of global sales revenue of cell phones and with this scheme, these firms are looking to expand their presence in India.
Under the PLI scheme, the government plans to give 4-6% incentive to eligible electronic companies on incremental sales (over base year) of manufactured goods—mobile phones and electronic components such as printed circuit boards, sensors, among others—for a period of five years. The base year over here is 2019-20. The incentives are applicable from 1 August.
Over the next five years, the scheme is expected to lead to a total production worth ₹11.5 trillion, out of which more than 60% will be contributed by exports.
The scheme will bring additional investment in electronics manufacturing to the tune of ₹11,000 crore and create 300,000 direct jobs.
India is putting the final shape on a plan to build at least four Tesla-style giga factories to manufacture batteries with an investment of around $4 billion, as the country prepares to switch to electric vehicles to curb pollution and cut its dependence on foreign oil.
India also plans to offer land near its ports to companies for building solar equipment factories, as it seeks to attain self-reliance and challenge China’s dominance. The plan follows the government’s decision to impose tariff and non-tariff barriers to put a check on imported solar cells and modules that will make their sourcing from China costlier.
Production-linked sops to be extended to solar PV makers
The move will help global manufacturing companies that are exploring a China plus one strategy
www.livemint.com
More ‘Made in India’ iPhones soon as manufacturer Pegatron begins operations in India
ET Now Digital
Updated Sep 14, 2020 | 09:07 IST
Apple's second-largest manufacturer, Pegatron, announced the start of its business operations earlier this month. Its entry in India will give a boost to manufacturing of Apple devices in India
More ‘Made in India’ iPhones soon as manufacturer Pegatron begins operations in India | Photo Credit: Thinkstock
KEY HIGHLIGHTS
New Delhi: Pegatron, the second-largest manufacturer of Apple after Foxconn, began its India operations with the appointment of statutory auditors and transfer of Rs 99 lakh for an initial subscription of equity shares. The move is a precursor for the Taiwanese electronics maker to set up a manufacturing base in India.
Pegatron announced the start of its business operations in a declaration filed with the registrar of companies on September 4, reported the ET.
The Taiwanese company which manufactures exclusively for Apple has appointed BSR & Co as statutory auditors for the financial year ending March 31, 2021. Chui Tan Lin, CEO of Pegatron Corporation Taiwan, and Akhilesh Bansal were appointed the Directors of India business, as per regulatory filings of the company.
Pegatron is one of the three contract manufacturers of American phone and electronics maker Apple, the other two being Foxconn and Wistron which are already present in India. The entry of the $45-billion contract manufacturer is set to give a boost to the manufacturing base of Apple which is looking to diversify its production facilities from China amid ever-increasing US-China hostilities
Not just Apple, several other global phone and electronics makers are being lured by the Indian government with its lucrative Production Linked Investment (PLI) scheme in a bid to boost local manufacturing and increase exports.
Earlier this month, a government committee approved $100-billion (around Rs 7.3 lakh crore) mobile export proposals from Apple’s largest iPhone assembler Foxconn, Pegatron and Wistron as well as Samsung, Karbonn, Lava and Dixon. It was reported that Apple's contract manufacturers, as well as global tech giants like Samsung and local handset makers Lava and Dixon had offered to manufacture mobile devices and components of over Rs 11 lakh crore in the next five years under the Centre’s new scheme to boost electronics manufacturing.
The development will help boost exports and generate employment. Worth mentioning here is that the Centre had rolled out Production Link Incentives (PLI) to create 12 lakh employment opportunities—3 lakh direct and around 9 lakh indirect jobs.
www.timesnownews.com
ET Now Digital
Updated Sep 14, 2020 | 09:07 IST
Apple's second-largest manufacturer, Pegatron, announced the start of its business operations earlier this month. Its entry in India will give a boost to manufacturing of Apple devices in India
More ‘Made in India’ iPhones soon as manufacturer Pegatron begins operations in India | Photo Credit: Thinkstock
KEY HIGHLIGHTS
- Chui Tan Lin, CEO of Pegatron Corporation Taiwan, and Akhilesh Bansal were appointed the directors of Pegatron's India subsidiary
- Pegatron, a $45-billion contract manufacturer, is second largest manufacturer of Apple
- 'Made in India' iPhones set to get boost with entry of Pegatron in country
New Delhi: Pegatron, the second-largest manufacturer of Apple after Foxconn, began its India operations with the appointment of statutory auditors and transfer of Rs 99 lakh for an initial subscription of equity shares. The move is a precursor for the Taiwanese electronics maker to set up a manufacturing base in India.
Pegatron announced the start of its business operations in a declaration filed with the registrar of companies on September 4, reported the ET.
The Taiwanese company which manufactures exclusively for Apple has appointed BSR & Co as statutory auditors for the financial year ending March 31, 2021. Chui Tan Lin, CEO of Pegatron Corporation Taiwan, and Akhilesh Bansal were appointed the Directors of India business, as per regulatory filings of the company.
Pegatron is one of the three contract manufacturers of American phone and electronics maker Apple, the other two being Foxconn and Wistron which are already present in India. The entry of the $45-billion contract manufacturer is set to give a boost to the manufacturing base of Apple which is looking to diversify its production facilities from China amid ever-increasing US-China hostilities
Not just Apple, several other global phone and electronics makers are being lured by the Indian government with its lucrative Production Linked Investment (PLI) scheme in a bid to boost local manufacturing and increase exports.
Earlier this month, a government committee approved $100-billion (around Rs 7.3 lakh crore) mobile export proposals from Apple’s largest iPhone assembler Foxconn, Pegatron and Wistron as well as Samsung, Karbonn, Lava and Dixon. It was reported that Apple's contract manufacturers, as well as global tech giants like Samsung and local handset makers Lava and Dixon had offered to manufacture mobile devices and components of over Rs 11 lakh crore in the next five years under the Centre’s new scheme to boost electronics manufacturing.
The development will help boost exports and generate employment. Worth mentioning here is that the Centre had rolled out Production Link Incentives (PLI) to create 12 lakh employment opportunities—3 lakh direct and around 9 lakh indirect jobs.
More ‘Made in India’ iPhones soon as manufacturer Pegatron begins operations in India
Apple's second-largest manufacturer, Pegatron, announced the start of its business operations earlier this month. Its entry in India will give a boost to manufacturing of Apple devices in India
Smartphone imports fall, exports rise as local production ramps up
Smartphone imports fall, exports rise as local production ramps up
By Himanshi Lohchab, ET Bureau
Last Updated: Sep 23, 2020, 04:05 PM IST
As per data released by the Ministry of Commerce (MoC) on Tuesday, smartphone exports in the month of August totalled Rs 1781.1 crore by value, higher than March's Rs 976.3 crore. Imports, though, were Rs 1050.1 crore, far higher than March's Rs 13.4 crore.
NEW DELHI: The local production of smartphones is inching closer to normalcy with exports recovering to pre-Covid levels and imports falling by around half from June highs, government data showed.
As per data released by the Ministry of Commerce (MoC) on Tuesday, smartphone exports in the month of August totalled Rs 1781.1 crore by value, higher than March's Rs 976.3 crore. Imports, though, were Rs 1050.1 crore, far higher than March's Rs 13.4 crore. The trend in imports, however, has been on a decline since June when the number hit a three year high of Rs 2225.2 crore. In fact, comparison on an annual basis with previous year’s festive season showed that imports of smartphones to India have aligned with the usual trend.
August last year recorded device imports of Rs 1984.7 crore by value, similar to current figures, MoC data showed.
Analysts say local production in the industry has ramped up to 80-85% capacity which is optimal given the current demand. Imports for August continue to be high due to delay in stocking up of inventory for the festive season. “The worst is behind the smartphone manufacturing industry after facing a month-long shutdown, spread of Covid, customs scrutiny and labour shortage,” said Prachir Singh, research analyst at Counterpoint. “Everything led to almost a quarter’s delay in building up festive season inventory when brands launch close to 30-40 models every year.”
Pre-covid, 95% of the devices sold in India were assembled locally. But, for catering to high pent-up demand for smartphones beginning May-June when the economy started opening up, most handset companies had to import completely-built up units from China, given the limitations on local production owing to Covid rules. ET’s email to Xiaomi, Oppo (which also assembles phones for sister brands Realme and OnePlus), Vivo did not elicit any response till press time.
Both demand and supply situations are falling back on track and thus we expect the imports to continue falling as brands ramp up capacity further, Singh added. As per various industry estimates, September sales of smartphones are expected to cross 15 million, at par with previous year’s sales. For the whole year, 2020 sales are estimated to be 130-135 million against last year’s 154 million.
economictimes.indiatimes.com
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Smartphone imports fall, exports rise as local production ramps up
By Himanshi Lohchab, ET Bureau
Last Updated: Sep 23, 2020, 04:05 PM IST
Synopsis
As per data released by the Ministry of Commerce (MoC) on Tuesday, smartphone exports in the month of August totalled Rs 1781.1 crore by value, higher than March's Rs 976.3 crore. Imports, though, were Rs 1050.1 crore, far higher than March's Rs 13.4 crore.
NEW DELHI: The local production of smartphones is inching closer to normalcy with exports recovering to pre-Covid levels and imports falling by around half from June highs, government data showed.
As per data released by the Ministry of Commerce (MoC) on Tuesday, smartphone exports in the month of August totalled Rs 1781.1 crore by value, higher than March's Rs 976.3 crore. Imports, though, were Rs 1050.1 crore, far higher than March's Rs 13.4 crore. The trend in imports, however, has been on a decline since June when the number hit a three year high of Rs 2225.2 crore. In fact, comparison on an annual basis with previous year’s festive season showed that imports of smartphones to India have aligned with the usual trend.
August last year recorded device imports of Rs 1984.7 crore by value, similar to current figures, MoC data showed.
Analysts say local production in the industry has ramped up to 80-85% capacity which is optimal given the current demand. Imports for August continue to be high due to delay in stocking up of inventory for the festive season. “The worst is behind the smartphone manufacturing industry after facing a month-long shutdown, spread of Covid, customs scrutiny and labour shortage,” said Prachir Singh, research analyst at Counterpoint. “Everything led to almost a quarter’s delay in building up festive season inventory when brands launch close to 30-40 models every year.”
Pre-covid, 95% of the devices sold in India were assembled locally. But, for catering to high pent-up demand for smartphones beginning May-June when the economy started opening up, most handset companies had to import completely-built up units from China, given the limitations on local production owing to Covid rules. ET’s email to Xiaomi, Oppo (which also assembles phones for sister brands Realme and OnePlus), Vivo did not elicit any response till press time.
Both demand and supply situations are falling back on track and thus we expect the imports to continue falling as brands ramp up capacity further, Singh added. As per various industry estimates, September sales of smartphones are expected to cross 15 million, at par with previous year’s sales. For the whole year, 2020 sales are estimated to be 130-135 million against last year’s 154 million.
Smartphone imports fall, exports rise as local production ramps up
As per data released by the Ministry of Commerce (MoC) on Tuesday, smartphone exports in the month of August totalled Rs 1781.1 crore by value, higher than March's Rs 976.3 crore. Imports, though, were Rs 1050.1 crore, far higher than March's Rs 13.4 crore.
Motorola In Talks With India’s Lava International And Dixon Technologies For Manufacturing Of Smartphones Worth $1 Billion
bySwarajya Staff-Sep 28, 2020 04:18 PM
Chinese technology giant Lenovo's Motorola Mobility is said to be in talks with Indian smartphone manufacturer Lava International and listed contract manufacturer Dixon Technologies to manufacture up to a billion dollars worth of smartphones as it looks to shift a part of its capacity out of China, reports Economic Times.
If the deal materialises, Motorola Mobility would become the first Chinese smartphone maker to partner with an Indian player to domestically manufacture smartphones in India. Also, Motorola Mobility plans to export most of the India-made smartphones, which would make it the second Chinese player after Xiaomi to turn India into an export base.
If a deal is signed, it is expected that the two Indian companies could start manufacturing smartphones for Motorola Mobility in the January-March quarter.
Meanwhile, it should also be noted that both Lava International and Dixon Technologies were selected under the Government's production linked incentive (PLI) scheme which seeks to promote India as a hub for manufacturing and exporting smartphones.
As an outcome of the scheme, the Indian manufacturers would be rewarded with monetary incentives for the phones manufactured in India, irrespective of the prices at which they are finally sold.
bySwarajya Staff-Sep 28, 2020 04:18 PM
Chinese technology giant Lenovo's Motorola Mobility is said to be in talks with Indian smartphone manufacturer Lava International and listed contract manufacturer Dixon Technologies to manufacture up to a billion dollars worth of smartphones as it looks to shift a part of its capacity out of China, reports Economic Times.
If the deal materialises, Motorola Mobility would become the first Chinese smartphone maker to partner with an Indian player to domestically manufacture smartphones in India. Also, Motorola Mobility plans to export most of the India-made smartphones, which would make it the second Chinese player after Xiaomi to turn India into an export base.
If a deal is signed, it is expected that the two Indian companies could start manufacturing smartphones for Motorola Mobility in the January-March quarter.
Meanwhile, it should also be noted that both Lava International and Dixon Technologies were selected under the Government's production linked incentive (PLI) scheme which seeks to promote India as a hub for manufacturing and exporting smartphones.
As an outcome of the scheme, the Indian manufacturers would be rewarded with monetary incentives for the phones manufactured in India, irrespective of the prices at which they are finally sold.
Motorola In Talks With India’s Lava International And Dixon Technologies For Manufacturing Of Smartphones Worth $1 Billion
Chinese technology giant Lenovo's Motorola Mobility is said to be in talks with Indian smartphone manufacturer Lava International and listed contract manufacturer Dixon Technologies to manufacture up to a billion dollars worth of smartphones as it looks to shift a part of its capacity out of...
swarajyamag.com
Rs 3 lakh crore PLI scheme for 10 sectors to boost domestic manufacturing
These include battery storage, solar PV modules, electronics (laptop, server, IoT devices, specified computer hardware), automobile and auto components, telecom and networking products, textiles, food processing, speciality steel and white goods (air conditioners and LED).
By IANS
September 29, 2020, 11:10 IST
New Delhi: In a major push to domestic manufacturing in the country, the government proposes to pump in over Rs 3 lakh crore through an umbrella production linked incentive (PLI) scheme that will run simultaneously in 10 identified sectors for a period of five years. Sources privy to the development said that the Niti Aayog has been entrusted with the task to finalise a cabinet note proposing extension of the PLI scheme with separate budgetary allocation for each identified sector for the next five years starting FY22.
The allocation will have to be worked out within the confines of the suggestions given by the expenditure department based on expected savings from the withdrawal of the existing Merchandise Exports India Scheme (MEIS) introduced in April 2015 to promote manufacturing and exports of specified goods from India.
"A plan for a mega Rs 3 lakh crore PLI scheme has been finalised by an empowered group of secretaries chaired by the cabinet secretary early this month. The allocation under the expanded PLI has been worked out on the basis of savings made by withdrawal of the MEIS scheme and liabilities on account of the new export incentive scheme, Remission of Duties or Taxes on Export Products (RoDTEP). This will ensure that there is no imbalance on account of introduction of PLI," said the source quoted above.
Under the proposed PLI scheme, the government will incentivise domestic production in 10 areas to begin with. These include battery storage, solar PV modules, electronics (laptop, server, IoT devices, specified computer hardware), automobile and auto components, telecom and networking products, textiles, food processing, speciality steel and white goods (air conditioners and LED).
Apart from these, large scale electronic manufacturing (mobile phones), pharmaceutical drugs and medical devices, which already have an approved PLI scheme, would be provided full budgetary allocation for next five years. In the discussions by the EGoS, the highest allocation of close to Rs 60,000 crore (over the next five years) has been proposed for automobile and auto component sectors. This is with the belief that this sector could help India become a global hub of manufacturing and source house for global industries.
The next highest allocation has been proposed for large scale electronic manufacturing at Rs 40,000 crore, where the mobile phone manufacturing sector is already getting a PLI. The PLI for pharma sector has also been proposed for a higher allocation of Rs 30,000 crore to give a boost to production of API that is largely imported at present.
The electrification of transport has also been identified as an important area and has been considered for a budgetary allocation of over Rs 18,000 crore. The next highest allocation has been suggested for telecom and networking products, textiles, and food processing at over Rs 10,000-15,000 crore each.
Sources said that the cabinet note will also contain information of other pillars of government strategy to boost domestic manufacturing, including the phased manufacturing programme (PMP). This incentive is being worked out for five areas, including furniture and bedding; plastics; optical, photographic surgical instruments; toys, games, sports equipment; low value electrical machine parts and consumer durables.
telecom.economictimes.indiatimes.com
These include battery storage, solar PV modules, electronics (laptop, server, IoT devices, specified computer hardware), automobile and auto components, telecom and networking products, textiles, food processing, speciality steel and white goods (air conditioners and LED).
By IANS
September 29, 2020, 11:10 IST
New Delhi: In a major push to domestic manufacturing in the country, the government proposes to pump in over Rs 3 lakh crore through an umbrella production linked incentive (PLI) scheme that will run simultaneously in 10 identified sectors for a period of five years. Sources privy to the development said that the Niti Aayog has been entrusted with the task to finalise a cabinet note proposing extension of the PLI scheme with separate budgetary allocation for each identified sector for the next five years starting FY22.
The allocation will have to be worked out within the confines of the suggestions given by the expenditure department based on expected savings from the withdrawal of the existing Merchandise Exports India Scheme (MEIS) introduced in April 2015 to promote manufacturing and exports of specified goods from India.
"A plan for a mega Rs 3 lakh crore PLI scheme has been finalised by an empowered group of secretaries chaired by the cabinet secretary early this month. The allocation under the expanded PLI has been worked out on the basis of savings made by withdrawal of the MEIS scheme and liabilities on account of the new export incentive scheme, Remission of Duties or Taxes on Export Products (RoDTEP). This will ensure that there is no imbalance on account of introduction of PLI," said the source quoted above.
Under the proposed PLI scheme, the government will incentivise domestic production in 10 areas to begin with. These include battery storage, solar PV modules, electronics (laptop, server, IoT devices, specified computer hardware), automobile and auto components, telecom and networking products, textiles, food processing, speciality steel and white goods (air conditioners and LED).
Apart from these, large scale electronic manufacturing (mobile phones), pharmaceutical drugs and medical devices, which already have an approved PLI scheme, would be provided full budgetary allocation for next five years. In the discussions by the EGoS, the highest allocation of close to Rs 60,000 crore (over the next five years) has been proposed for automobile and auto component sectors. This is with the belief that this sector could help India become a global hub of manufacturing and source house for global industries.
The next highest allocation has been proposed for large scale electronic manufacturing at Rs 40,000 crore, where the mobile phone manufacturing sector is already getting a PLI. The PLI for pharma sector has also been proposed for a higher allocation of Rs 30,000 crore to give a boost to production of API that is largely imported at present.
The electrification of transport has also been identified as an important area and has been considered for a budgetary allocation of over Rs 18,000 crore. The next highest allocation has been suggested for telecom and networking products, textiles, and food processing at over Rs 10,000-15,000 crore each.
Sources said that the cabinet note will also contain information of other pillars of government strategy to boost domestic manufacturing, including the phased manufacturing programme (PMP). This incentive is being worked out for five areas, including furniture and bedding; plastics; optical, photographic surgical instruments; toys, games, sports equipment; low value electrical machine parts and consumer durables.
Rs 3 lakh crore PLI scheme for 10 sectors to boost domestic manufacturing - ET Telecom
PLI Schemes: These include battery storage, solar PV modules, electronics (laptop, server, IoT devices, specified computer hardware), automobile and auto components, telecom and networking products, textiles, food processing, speciality steel and white goods (air conditioners and LED).
Lava to launch five smartphones in India soon; four of them will be priced under Rs 10,000: report
Among the four sub-Rs 10,000 phones, one of them will be 100 percent designed in India. As of now, the names of these upcoming Lava phones are under wraps.
By Sai Krishna - September 30, 2020
HIGHLIGHTS
Homegrown brand Lava Mobiles is gearing up to launch as many as five smartphones in India in November, according to a report from The Mobile Indian citing sources close to the development. Among the five phones launching in India, four of them will be priced under Rs 10,000, while the fifth model will cost over Rs 10,000. While the report doesn’t reveal the names of the phones, it mentions that one of the sub-Rs 10,000 phones will be designed 100 percent in India. This should allow the company to better compete against rivals like Realme, Xiaomi, Tecno, Infinix, Samsung, and others in the segment.
www.91mobiles.com
Among the four sub-Rs 10,000 phones, one of them will be 100 percent designed in India. As of now, the names of these upcoming Lava phones are under wraps.
By Sai Krishna - September 30, 2020
HIGHLIGHTS
- Lava will reportedly launch five new smartphones in India in November
- Four of the five models are said to be priced under Rs 10,000
- Lava is said to have designed one of the model 100 percent in India
Homegrown brand Lava Mobiles is gearing up to launch as many as five smartphones in India in November, according to a report from The Mobile Indian citing sources close to the development. Among the five phones launching in India, four of them will be priced under Rs 10,000, while the fifth model will cost over Rs 10,000. While the report doesn’t reveal the names of the phones, it mentions that one of the sub-Rs 10,000 phones will be designed 100 percent in India. This should allow the company to better compete against rivals like Realme, Xiaomi, Tecno, Infinix, Samsung, and others in the segment.
Lava to launch five smartphones in India in November | 91mobiles.com
Lava Mobiles will launch five smartphones in India in November and four of them will be priced under Rs 10,000, according to a new report.
Make in India: Samsung to start local production of TV sets from December
The consumer electronics and smartphone maker seeks govt nod to import till then to ensure ‘business continuity’
By Writankar Mukherjee
ET Bureau
October 06, 2020, 08:20 IST
Samsung India, the country’s largest consumer electronics and smartphone maker, has told the government that it will commence local production of TV sets by December 2020, but it needs permission to import TV sets till then to ensure that ‘business continuity’ is not drastically impacted in the festive season.
Maintaining the “current threshold volumes is pivotal for setting up of the domestic TV manufacturing facility”, the company said in a letter written to IT and electronics minister, Ravi Shankar Prasad, on September 28.
The government had put television sets on the restricted list of imports for the first time in 20 years on July 30, as part of its strategy to discourage imports from China and boost local manufacturing. Companies now need licences to import TV sets and so far the government has not issued any such permit.
In the letter to the minister, Samsung said the import impediments were “against the ethos of ease of doing business”, and imports held at customs were impacting business. “As we are setting up the TV manufacturing plant by December 2020, we request for smooth operations and business continuity.” ET has reviewed the letter. Two industry executives said the company has also written to the Prime Minister’s Office and Directorate General of Foreign Trade. An email sent to Samsung India remained unanswered till Monday press time.
Samsung had shut down its television plant in Chennai in 2018 after the government imposed import duties on open cell television panels — a critical component which accounts for 65-70% of the total manufacturing cost. Since it became expensive to make TVs in India, the Korean company started importing televisions from Vietnam at zero duty through the free trade agreement route.
The executives said Samsung will re-establish its television plant at Chennai where the line is already present but requires modernisation and manpower.
It will continue to import the high-end models like 75-inches and above which is a miniscule portion of total sales. Samsung has been manufacturing some TV models in India through contract manufacturer Dixon since early this year.
The company has said the local plant will drastically reduce India’s import dependency in the sector by catering to the majority of the domestic market and limiting imports to extremely high end and low volume products.
telecom.economictimes.indiatimes.com
The consumer electronics and smartphone maker seeks govt nod to import till then to ensure ‘business continuity’
By Writankar Mukherjee
ET Bureau
October 06, 2020, 08:20 IST
Samsung India, the country’s largest consumer electronics and smartphone maker, has told the government that it will commence local production of TV sets by December 2020, but it needs permission to import TV sets till then to ensure that ‘business continuity’ is not drastically impacted in the festive season.
Maintaining the “current threshold volumes is pivotal for setting up of the domestic TV manufacturing facility”, the company said in a letter written to IT and electronics minister, Ravi Shankar Prasad, on September 28.
The government had put television sets on the restricted list of imports for the first time in 20 years on July 30, as part of its strategy to discourage imports from China and boost local manufacturing. Companies now need licences to import TV sets and so far the government has not issued any such permit.
In the letter to the minister, Samsung said the import impediments were “against the ethos of ease of doing business”, and imports held at customs were impacting business. “As we are setting up the TV manufacturing plant by December 2020, we request for smooth operations and business continuity.” ET has reviewed the letter. Two industry executives said the company has also written to the Prime Minister’s Office and Directorate General of Foreign Trade. An email sent to Samsung India remained unanswered till Monday press time.
Samsung had shut down its television plant in Chennai in 2018 after the government imposed import duties on open cell television panels — a critical component which accounts for 65-70% of the total manufacturing cost. Since it became expensive to make TVs in India, the Korean company started importing televisions from Vietnam at zero duty through the free trade agreement route.
The executives said Samsung will re-establish its television plant at Chennai where the line is already present but requires modernisation and manpower.
It will continue to import the high-end models like 75-inches and above which is a miniscule portion of total sales. Samsung has been manufacturing some TV models in India through contract manufacturer Dixon since early this year.
The company has said the local plant will drastically reduce India’s import dependency in the sector by catering to the majority of the domestic market and limiting imports to extremely high end and low volume products.
Make in India: Samsung to start local production of TV sets from December - ET Telecom
Samsung TVs: The consumer electronics and smartphone maker seeks govt nod to import till then to ensure ‘business continuity’
Govt says 16 cos approved under PLI scheme to invest additional Rs11,000 cr in electronics manufacturing
The Ministry of Electronics and Information and Technology (MeitY) Tuesday said that it approved 16 eligible applicants under the PLI Scheme.
ET Telecom
October 06, 2020, 20:32 IST
NEW DELHI: The Ministry of Electronics and Information and Technology (MeitY) Tuesday said that it approved 16 eligible applicants under the PLI Scheme.
The companies approved under the scheme will bring additional investment in electronics manufacturing to the tune of Rs11,000 crore and will generate more than 2 lakh direct employment opportunities in next 5 years along with creation of additional indirect employment of nearly 3 times the direct employment.
The mobile phone manufacturing companies that are approved under Mobile Phone (Rs 15,000 and above) segment are Samsung, Foxconn Hon Hai, Rising Star, Wistron and Pegatron.
Foxconn Hon Hai, Wistron and Pegatron are contract manufacturers for Apple iPhones. Apple (37%) and Samsung (22%) together account for nearly 60% of global sales revenue of mobile phones and this scheme is expected to increase their manufacturing base manifold in the country.
Home-bred companies including Lava, Bhagwati (Micromax), Padget Electronics, UTL Neolyncs and Optiemus Electronics are also approved by the ministry. These companies are expected to expand their manufacturing operations in a significant manner and grow into national champion companies in mobile phone production, according to an official statement.
Meity said that six companies are approved under the "Specified Electronic Components"Segment which include AT&S, Ascent Circuits, Visicon, Walsin, Sahasra, and Neolync.
Over the next 5 years, the approved companies under the PLI Scheme are expected to lead to total production of more than Rs 10.5 lakh crore). Out of the total production, the approved companies under Mobile Phone (Invoice Value Rs 15,000 and above) segment have proposed a production of over Rs 9,00,000 crore.
The approved companies under Mobile Phone (Domestic Companies) segment have proposed a production of about Rs 1,25,000 crore and those under Specified Electronic Components segment have proposed a production of over Rs 15,000 crore. The companies approved under the scheme are expected to promote exports significantly.
Out of the total production of Rs 10,50,000 crore in the next 5 years, around 60% will be contributed by exports of the order of Rs 6,50,000 crore. Domestic Value Addition is expected to grow from the current 15-20% to 35-40% in case of Mobile Phones and 45-50% for electronic components.
telecom.economictimes.indiatimes.com
The Ministry of Electronics and Information and Technology (MeitY) Tuesday said that it approved 16 eligible applicants under the PLI Scheme.
ET Telecom
October 06, 2020, 20:32 IST
NEW DELHI: The Ministry of Electronics and Information and Technology (MeitY) Tuesday said that it approved 16 eligible applicants under the PLI Scheme.
The companies approved under the scheme will bring additional investment in electronics manufacturing to the tune of Rs11,000 crore and will generate more than 2 lakh direct employment opportunities in next 5 years along with creation of additional indirect employment of nearly 3 times the direct employment.
The mobile phone manufacturing companies that are approved under Mobile Phone (Rs 15,000 and above) segment are Samsung, Foxconn Hon Hai, Rising Star, Wistron and Pegatron.
Foxconn Hon Hai, Wistron and Pegatron are contract manufacturers for Apple iPhones. Apple (37%) and Samsung (22%) together account for nearly 60% of global sales revenue of mobile phones and this scheme is expected to increase their manufacturing base manifold in the country.
Home-bred companies including Lava, Bhagwati (Micromax), Padget Electronics, UTL Neolyncs and Optiemus Electronics are also approved by the ministry. These companies are expected to expand their manufacturing operations in a significant manner and grow into national champion companies in mobile phone production, according to an official statement.
Meity said that six companies are approved under the "Specified Electronic Components"Segment which include AT&S, Ascent Circuits, Visicon, Walsin, Sahasra, and Neolync.
Over the next 5 years, the approved companies under the PLI Scheme are expected to lead to total production of more than Rs 10.5 lakh crore). Out of the total production, the approved companies under Mobile Phone (Invoice Value Rs 15,000 and above) segment have proposed a production of over Rs 9,00,000 crore.
The approved companies under Mobile Phone (Domestic Companies) segment have proposed a production of about Rs 1,25,000 crore and those under Specified Electronic Components segment have proposed a production of over Rs 15,000 crore. The companies approved under the scheme are expected to promote exports significantly.
Out of the total production of Rs 10,50,000 crore in the next 5 years, around 60% will be contributed by exports of the order of Rs 6,50,000 crore. Domestic Value Addition is expected to grow from the current 15-20% to 35-40% in case of Mobile Phones and 45-50% for electronic components.
Govt says 16 cos approved under PLI scheme to invest additional Rs11,000 cr in electronics manufacturing - ET Telecom
The Ministry of Electronics and Information and Technology (MeitY) Tuesday said that it approved 16 eligible applicants under the PLI Scheme.
Optiemus to invest Rs 300 cr in mobile manufacturing over 3 years
Optiemus is one of the 16 companies to have received approval from the government under a production-linked incentive (PLI) scheme on Tuesday.By PTI
October 07, 2020, 22:56 IST
New Delhi: Electronic manufacturing services firm Optiemus plans to invest Rs 300 crore in the next 2-3 years in the glass ecosystem and mechanical items related to mobile phone manufacturing in the country, a top official of the company said on Wednesday. Optiemus is one of the 16 companies to have received approval from the government under a production-linked incentive (PLI) scheme on Tuesday.
"Towards fulfilment of its absolute commitments to enhance value addition, Optiemus has already decided to invest up to Rs 300 crore over the next 2-3 years in the glass ecosystem and mechanical items manufacturing especially in areas to support display assembly, back cover, etc," Optiemus Electronics chairman Ashok Gupta said in a statement.
Optiemus has worked with Oppo, OnePlus, LG, HTC, Blackberry, Reliance Jio and Zen to make their devices in its Noida facility.
"This manufacturing activity related to components of handsets will not only help to generate employment and reduce forex (foreign exchange) outflows but at the same time, this will also help reduce India's dependency on China-manufactured components," Gupta said. He said the PLI approval granted in favour of Optiemus Electronics will definitely go a long way to attract substantial manufacturing business for this company, which is determined and raring to go beyond the Indian market and serve the global market demand as well.
PLI offers an incentive of 4-6 per cent on incremental sales (over base year) of goods under target segments that are manufactured in India to eligible companies, for a period of five years subsequent to the base year (2019-20). The government has announced that it will create five national champions in the field of mobile phone manufacturing by giving them required support.
"Optiemus is already engaged in active discussions with various stakeholders from this industry and is confident in fulfilling and delivering to the requirements of its customers," Gupta said. He added that Optiemus plans to build strong design capability and supply chain partnerships in India in the immediate future and emerging as a strong Indian champion.
The government has approved 16 out of 23 proposals from domestic and international firms entailing an investment of Rs 11,000 crore under the PLI scheme, to manufacture mobile phones worth Rs 10.5 lakh crore over the next five years. Out of the total production worth Rs 10.5 lakh crore in the next five years, around 60 per cent will be contributed by exports of the order of Rs 6.5 lakh crore. The companies include iPhone maker Apple's contract manufacturers Foxconn Hon Hai, Wistron and Pegatron, apart from Samsung and Rising Star.
Apart from Optiemus, domestic companies whose proposals have been approved include Lava, Bhagwati (Micromax), Padget Electronics (Dixon Technologies) and UTL Neolyncs. Industry body India Cellular and Electronics Association, whose members include Apple, Foxconn, Wistron, Lava, Optiemus, said the approval for Indian companies is a fair hand dealt and each company has got one approval.
ICEA Chairman Pankaj Mohindroo said, "Now, the challenge is: Can these future Indian champions build core design and brand capabilities and also scale up to become globally competitive or some of them use it tactically and fade out with the PLI incentive. A leap in mindset is required and I am sure that once bitten, twice shy, they have learnt their lessons."
MAIT President Nitin Kunkolienker said the new strategy of export-led growth will help create expansion of manufacturing in India and will help to achieve scale. "This will also help in expanding the value chain of components. Further, this will also enable Indian manufacturers of both finished products and components to participate in global value chains," Kunkolienker said.
Optiemus to invest Rs 300 cr in mobile manufacturing over 3 years - ET Telecom
Smartphone: Optiemus is one of the 16 companies to have received approval from the government under a production-linked incentive (PLI) scheme on Tuesday.