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Time to tap GVCs to achieve $500 bn electronics manufacturing target by FY30: ICEA As the country aspires to reach $500 billion electronics manufacturing by FY30 while creating 60 lakh jobs, the India Cellular and Electronics Association (ICEA) said on Tuesday it is keen to chart out a comprehensive strategy with the government to help the industry achieve this goal.  The electronics industry is currently at around $115 billion and global value chains (GVCs) will be key to boosting production and exports from the country, said Pankaj Mohindroo, ICEA Chairman. Moh...
Time to tap GVCs to achieve $500 bn electronics manufacturing target by FY30: ICEA
Time to tap GVCs to achieve $500 bn electronics manufacturing target by FY30: ICEA
Source: IANS
2024-09-18 08:36:27 am
India at threshold of unshackling immense potential in chip ecosystem India stands at the threshold of unshackling its immense potential in building a robust semiconductor ecosystem, industry experts said here on Monday.  Ahead of the ‘Semicon India 2024’ which is being organised in Greater Noida from September 11 to 13, the India Cellular and Electronics Association (ICEA) and SEMI announced a Semiconductor Executive Summit (SES), in collaboration with the IT Ministry and the India Semiconductor Mission (ISM), at Bharat Mandapam in the nati...
India at threshold of unshackling immense potential in chip ecosystem
India at threshold of unshackling immense potential in chip ecosystem
Source: IANS
2024-09-09 05:28:15 pm
Centre cuts customs duty on mobile phones, components to 15 pc; industry upbeat The government on Tuesday announced to reduce the basic customs duty (BCD) on mobile phones, printed circuit board assembly (PCBA) and mobile chargers to 15 per cent from the current 20 per cent.  With a three-fold increase in domestic production and an almost 100-fold jump in exports of mobile phones over the last six years, the Indian mobile phone industry has matured. “In the interest of consumers, I now propose to reduce the BCD on mobile phones, mobile PCBA and mobile ch...
Centre cuts customs duty on mobile phones, components to 15 pc; industry upbeat
Centre cuts customs duty on mobile phones, components to 15 pc; industry upbeat
Source: IANS
2024-07-23 03:38:02 pm
India must tap GVCs for next wave of electronics manufacturing growth: Industry Industry leaders on Friday said that the country must seize the opportunity to create a conducive environment for Global Value Chains (GVCs) to thrive, in order to build a large-scale and globally competitive electronics manufacturing industry. Reacting to NITI Aayog’s latest report that envisions achieving a $500 billion target in electronics manufacturing by FY2030 and creating 60 lakh jobs, the industry leaders said that true growth potential lies in the global market. “G...
India must tap GVCs for next wave of electronics manufacturing growth: Industry
India must tap GVCs for next wave of electronics manufacturing growth: Industry
Source: IANS
2024-07-19 09:57:39 am
Electronics industry seeks lower tariffs, support for local ecosystem in upcoming budget The electronics industry on Tuesday urged the Central government to look into lowering tariffs on inputs in the upcoming budget and scale up local manufacturing to further beat China and Vietnam. The recommendations by the electronics industry, aimed at attracting Global Value Chains (GVCs) to India, are based on a detailed seven-country "Tariff Study" on input tariffs for smartphones, examining the impact of high tariffs on India's mobile phone manufacturing and export compe...
Electronics industry seeks lower tariffs, support for local ecosystem in upcoming budget
Electronics industry seeks lower tariffs, support for local ecosystem in upcoming budget
Source: IANS
2024-07-02 03:58:43 pm
Telecom & IT industry bodies hail policy continuity under PM Narendra Modi Top industry bodies on Monday welcomed the appointment of Jyotiraditya Scindia as Minister of Communications and Ashwini Vaishnaw retaining Railways and IT Ministries, besides getting the key Information and Broadcasting (I&B) portfolio.   The Cellular Operators Association of India (COAI), on behalf of the telecom industry, welcomed Scindia as Communications Minister. "Under the visionary leadership of our Prime Minister Narendra Modi, the past decade has been marked by s...
Telecom & IT industry bodies hail policy continuity under PM Narendra Modi
Telecom & IT industry bodies hail policy continuity under PM Narendra Modi
Source: IANS
2024-06-11 10:19:31 am
Global firms must tap local display manufacturing opportunities in India: Industry leaders India is set for a significant leap in local manufacturing of displays which presents a golden opportunity for global companies seeking to diversify their display supply chains beyond certain geographies, industry leaders said on Tuesday.  The Indian market’s demand potential for displays is likely to rise to $60 billion by 2025. The domestic display manufacturing industry is projected to grow at a booming 29.5 per cent CAGR due to the expected surge in the local manufacturin...
Global firms must tap local display manufacturing opportunities in India: Industry leaders
Global firms must tap local display manufacturing opportunities in India: Industry leaders
Source: IANS
2024-05-28 03:49:15 pm