India’s $500 billion electronics goal: A dream too far?
Trending News
1 week ago

India’s $500 billion electronics goal: A dream too far?

Live Mint  

India's cooling consumer electronics market has put a question mark on its lofty aim to achieve annual revenue of $500 billion from electronics manufacturing. India's domestic electronics industry may clock a total revenue of just $145 billion this year, the consensus estimate of three market researchers showed. To reach the promised land of a $500-billion domestic electronics economy, India will need strong double-digit growth—which is currently entirely lacking in the market," the executive said on the condition of anonymity. “In our assessment, we’re counting aspects such as the local manufacturing of electronics sub-system components supplied to the automotive industry of India, which in turn will combine with the electronics and appliances markets to create around $400 billion in net industry revenue in the next six years.

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History of this topic

Surfing on wave of premiumisation, appliances industry expects 15 pc growth in 2025
1 week, 2 days ago

Surfing on wave of premiumisation, appliances industry expects 15 pc growth in 2025

Live Mint  

New Delhi, Dec 31 The appliances and consumer electronics industry expects 10-15 per cent growth in 2025 on the back of premiumisation trend, which is driven by rising incomes, changing preferences towards energy-efficient, and connected products with innovative features such as AI and increasing desire for global quality products. "Looking ahead, we expect the appliances industry to grow approximately 12-15 …

India’s Services Exports Hit Historic High In Oct, Find Out Why
1 week, 3 days ago

India’s Services Exports Hit Historic High In Oct, Find Out Why

ABP News  

India’s services exports reached a historic high of $34.31 billion in October, a commerce ministry official revealed. The official further noted that India has made a name for itself as a global leader in digitally delivered services exports, backed by its strong IT sector and skilled workforce, reported PTI. In the last two decades, India grew from $30 billion in …

Ajit Ranade: India needs more sectors to be reliable dollar earners
2 weeks, 2 days ago

Ajit Ranade: India needs more sectors to be reliable dollar earners

Live Mint  

India presently has more than a quarter trillion dollars of essential imports. Domestic production capacity for all these is unlikely to become ‘ atma nirbhar ’ in the near future, even as demand will grow as India chugs at a 7% or 8% growth rate. In a report, Ajay Srivastava, founder of Global Trade Research Initiative, analysed the structural changes …

Smartphone market stays below pandemic levels, concerns remain
3 weeks, 1 day ago

Smartphone market stays below pandemic levels, concerns remain

Live Mint  

India’s $40-billion-plus smartphone economy is likely to continue below the demand in the pandemic era, raising concerns around how the market can revive itself. With government-affiliated think-tank Niti Aayog valuing India’s electronics industry at $155 billion as of the past fiscal, the smartphone economy is important as it accounts for over a quarter of the electronics market, without taking exports …

India's smartphone exports crossed Rs 20K crore mark in November, jumped almost 100% in a year
3 weeks, 2 days ago

India's smartphone exports crossed Rs 20K crore mark in November, jumped almost 100% in a year

Firstpost  

India’s smartphone PLI scheme has been a game-changer, transforming the sector from the country’s 23rd-ranked export in 2019 to the third-largest individual commodity export today Apple emerged as the frontrunner in November, with exports worth Rs 14,000 crore, the highest ever for the company in India. Image Credit: Reuters India’s smartphone exports have reached an unprecedented milestone, crossing the Rs …

India Could Be Apple and Samsung’s Solution to the Future of Phones
1 month ago

India Could Be Apple and Samsung’s Solution to the Future of Phones

Wired  

The giant companies that make the phones in our pockets have a problem. So there's a lot of room for growth,” says Navkendar Singh, IDC India’s associate vice president of devices research. In one important sense, though, India is quite different from key Western markets, because the phone isn’t just a complement to other devices like a home PC or …

More M. Tech seats in medical engineering to be created; trade gap in medical devices to be wiped out in five years
1 month, 2 weeks ago

More M. Tech seats in medical engineering to be created; trade gap in medical devices to be wiped out in five years

Live Mint  

New Delhi: The government will start M. Tech courses in medical engineering at leading institutions like IITs and NITs among measures aimed at creating a pool of skilled talent for testing and operating high-tech medical devices and reducing import dependence in this key sector. Other measures include scaling up the number of seats for this course in National Institutes for …

Government to offer USD 500 crore incentive to further localise smartphone production
1 month, 2 weeks ago

Government to offer USD 500 crore incentive to further localise smartphone production

India TV News  

India is planning to offer significant financial incentives, up to USD 500 crore, to encourage companies to produce parts locally for a variety of electronic devices, including mobile phones and laptops. Over the past six years, India’s production of electronics has more than doubled, reaching approximately USD 11,500 crore in 2024. India has set an ambitious goal to increase its …

India unveils $5 billion plan to strengthen domestic electronics component production
1 month, 2 weeks ago

India unveils $5 billion plan to strengthen domestic electronics component production

Live Mint  

India is set to roll out incentives worth up to $5 billion to local electronics firms to manufacture components for devices ranging from smartphones to laptops, according to government officials. However, the industry remains heavily dependent on imported components, particularly from China and Hong Kong, which account for over half of India's $89.8 billion electronics imports in the fiscal year …

Apple India revenue rises 36% to ₹67,122 crore in FY24, driven by iPhone sales
1 month, 2 weeks ago

Apple India revenue rises 36% to ₹67,122 crore in FY24, driven by iPhone sales

Live Mint  

Apple India reported a revenue of ₹67,121.6 crore for the financial year ended March 2024, up 36% from a year earlier, driven by higher iPhone sales. For FY25, iPhones are expected to generate nearly $11 billion in sales for Apple India with Mac, iPad, wearables and services likely to bring in another $4-6 billion and setting the company on road …

Apple sets record as Indian smartphone market expands by 5.6 per cent in Q3 2024
1 month, 3 weeks ago

Apple sets record as Indian smartphone market expands by 5.6 per cent in Q3 2024

India TV News  

The Indian smartphone market grew 5.6 per cent year-on-year in Q3 2024, with shipments reaching 46 million units, according to IDC's data. Apple recorded its highest-ever quarterly shipments in India, capturing an 8.6% market share, up from 5.7 per cent in Q3 2023. Surge in 5G Smartphone Shipments 5G smartphones accounted for 83 per cent of total shipments, up from …

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India
1 month, 3 weeks ago

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India

Firstpost  

The Indian smartphone market overall grew by 5.6 per cent year-over-year, marking its fifth consecutive quarter of positive growth. While Apple made headlines with its impressive numbers, Vivo maintained its position as the market leader, holding 15.8 per cent of the total market share The premium smartphone segment, comprising devices priced between $600 and $800, witnessed the most significant growth, …

Smart device ownership continues to grow, but usage dips
1 month, 3 weeks ago

Smart device ownership continues to grow, but usage dips

New Indian Express  

NEW DELHI: Ownership of smart devices continues to grow in India, with smartphones remaining central to the Connected Consumer ecosystem, according to a new report by Techarc. However, the research, titled Techarc’s India Connected Consumer 2025, revealed that there is a decline in the actual usage of certain categories of smart devices. Consumers are increasingly focused on enhancing the value …

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue
1 month, 3 weeks ago

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue

Firstpost  

Apple’s production increase hinges on the policies of US President Donald Trump, who has repeatedly expressed his intent to impose steep tariffs, between 60-100 per cent, on goods imported from China If Apple implements these plans, India’s share of global iPhone production could rise to over 26 per cent, a substantial jump from the current 12-14 per cent. The Economic …

Samsung, OnePlus woes threaten premium smartphone growth in India
1 month, 3 weeks ago

Samsung, OnePlus woes threaten premium smartphone growth in India

Live Mint  

NEW DELHI : India’s premium smartphones market witnessed a surprisingly muted festive period as buyers deferred purchases citing lack of innovation, according to retailers and distributors. Read this | Diwali smartphone sales revive budget phones—for now “Samsung’s premium devices saw a clear downturn in demand from buyers during the festive period, even though it did strongly in the budget 5G …

Govt unveils new schemes for meditech sector
2 months ago

Govt unveils new schemes for meditech sector

Live Mint  

The government on Friday launched a scheme aimed at strengthening the medical devices industry with an initial outlay of ₹500 crore for three years 2024-2025 to 2026-27. It consists of five sub-schemes—common facilities for medical devices clusters with an outlay of ₹100 crore, marginal investment for reducing import dependence, capacity building and skill development for medical devices and medical device …

Apple's India Expansion: A Strategic Shift Away from China
2 months, 1 week ago

Apple's India Expansion: A Strategic Shift Away from China

Firstpost  

Apple's expansion of its manufacturing base in India has gained significant attention, with the tech giant exporting nearly $6 billion worth of iPhones between April and September 2024. This represents a one-third increase in value compared to the same period last year, setting Apple on track to exceed $10 billion in exports by the end of the fiscal year. The …

India's Mobile Manufacturing Boom: A Global Powerhouse Emerging
Trending News
2 months, 1 week ago

India's Mobile Manufacturing Boom: A Global Powerhouse Emerging

Firstpost  

India's mobile manufacturing industry is gaining global attention, thanks to the Make in India initiative. Big companies like Samsung and Apple are setting up large factories in the country, making India the world's second-largest exporter of mobile phones. With Samsung's mega factory in Noida and Apple moving some iPhone production to Tamil Nadu, India is becoming a key player in …

'India has become launching pad for technology': PM Modi says made-in-India chips to be seen in America
3 months, 2 weeks ago

'India has become launching pad for technology': PM Modi says made-in-India chips to be seen in America

India TV News  

New York: Prime Minister Narendra Modi unveiled an ambitious plan in the realm of technology, where he said the United States would soon see made-in-India Micron semiconductor chips. Addressing a crowd of 15,000 members of the Indian diaspora, PM Modi said India has become a launching pad for technology. India wants more and more devices in the world to run …

World's Second Largest Mobile Producer, India Emerges As Global Semiconductor Powerhouse
3 months, 3 weeks ago

World's Second Largest Mobile Producer, India Emerges As Global Semiconductor Powerhouse

News 18  

As the global demand for semiconductors continues to surge, India is making significant strides towards establishing itself as a major player in the semiconductor industry. This shift was prominently highlighted at Semicon India 2024, a three-day event held in Greater Noida, which underscores the country’s commitment to becoming a key global semiconductor hub. This commitment helps maintain a robust talent …

Mint Quick Edit | India’s fab dream: There’s hard work to do
3 months, 4 weeks ago

Mint Quick Edit | India’s fab dream: There’s hard work to do

Live Mint  

Prime Minister Narendra Modi said on Wednesday that it is his dream to see an India-made chip in every global device. He also sought to attract global players by highlighting India’s stable business environment and chip investments already secured to fast-track the sector’s growth. While local chip rhetoric has been high ever since “computer chips, not potato chips" became a …

‘About $4 bn imports so far under new import system’
4 months ago

‘About $4 bn imports so far under new import system’

The Hindu  

With the deadline to review the ‘import management system’ for laptops and other IT products nearing, the firms which received authorisations have imported products worth more than $4 billion this fiscal, an official said seeking anonymity. They sought permission for IT hardware imports worth almost $10 billion, on the scheme’s first day. The new licence regime is applicable to laptops, …

LG Electronics weighs India IPO to chase $75 billion goal
4 months, 1 week ago

LG Electronics weighs India IPO to chase $75 billion goal

Hindustan Times  

LG Electronics Inc. is considering an initial public offering for its India business, tapping a booming stock market to help hit a target of $75 billion in electronics revenue by 2030. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Chief Executive Officer William Cho said an Indian market debut is one of several options it’s weighing to revitalize a decades-old consumer electronics business. In …

'Made in India' telecom equipment now being exported to over 100 countries: Centre
5 months, 1 week ago

'Made in India' telecom equipment now being exported to over 100 countries: Centre

India TV News  

The Indian government has stated that telecom equipment designed and manufactured in India are now being exported to over 100 countries. Madhu Arora, Member of the Digital Communications Commission, Department of Telecom, mentioned that many Indian telecom companies have achieved success in Western nations, including the US, despite tough global competition. Madhu Arora emphasised that Information and communications technology plays …

HMD to double mobile phone exports from India, make it global hub, COO says
5 months, 2 weeks ago

HMD to double mobile phone exports from India, make it global hub, COO says

Live Mint  

New Delhi: Human Mobile Devices, or HMD, makers of Nokia-branded mobile phones, aims to double exports of these devices from India over the next year to 4 million units and boost local production by more than a third, its chief operating officer Alain Lejeune said on Thursday. Exploring Nokia HMD is currently exporting Nokia brand of featurephones and smartphones to …

Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up
5 months, 2 weeks ago

Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up

The Hindu  

US smartphone major Apple assembled 14% of global iPhones in India in FY24 and the country's ranking in global electronics export improved by four positions, Economic Survey 2023-24 said on July 22. "Apple assembled $14 billion worth of iPhones in India during FY'24, constituting 14% of its global iPhone production," the Economic Survey said citing third-party data. The survey recorded …

Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30
5 months, 2 weeks ago

Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30

Deccan Chronicle  

Chennai: India can increase its electronics production five-fold to touch $500 billion by FY30, with $200 -$225 billion worth exports of both finished goods and components by becoming an integral part of the global value chain through focused policy interventions, finds Niti Aayog. However, the electronics sector has a very high participation in the global value chain with 75 per …

Indian smartphone market grows only by 1 percent in Q2 of 2024: Here are top manufacturers
5 months, 3 weeks ago

Indian smartphone market grows only by 1 percent in Q2 of 2024: Here are top manufacturers

India TV News  

The Indian smartphone market experienced only a 1 percent growth in the April-June quarter, with a total of 36.4 million units shipped, as stated in a report released on Thursday. Xiaomi regained the top position after six quarters, capturing an 18 percent market share with 6.7 million units shipped. Vivo closely followed, also shipping 6.7 million units, boosted by affordable …

Telecom equipment manufacturing sales cross Rs 50,000 crore: PLI booster
5 months, 4 weeks ago

Telecom equipment manufacturing sales cross Rs 50,000 crore: PLI booster

India TV News  

The telecom equipment manufacturing sales have crossed Rs 50,000 crore under the production-linked incentive scheme, by creating more than 17,800 direct jobs and many more indirect jobs. The statement was stated by the government on Wednesday, where it stated that within three years of the telecom PLI scheme, it has attracted an investment of Rs 3,400 crore. Furthermore, telecom equipment …

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions
6 months, 3 weeks ago

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions

Hindustan Times  

Escalating tensions with China are said to have cost Indian electronics manufacturers $15 billion in production losses as well as 100,000 jobs in the past four years, the Economic Times reported. In submissions to various ministries, the electronics manufacturing industry said India has also lost out on a $10 billion export opportunity besides $2 billion in value addition loss, according …

Apple exports iPhones worth over Rs 16,500 crore in April-May from India
6 months, 4 weeks ago

Apple exports iPhones worth over Rs 16,500 crore in April-May from India

India TV News  

Apple has reportedly achieved a significant milestone of exporting the ‘made in India’ iPhones which was worth more than Rs 16,500 crore in the first 2 months of the ongoing financial year. FY24 success and record production Apple has concluded FY24 with a substantial iPhone production value of around USD 14 billion in India. Strengthening domestic manufacturing Highlighting India’s growing …

Tata developing high-tech machines to manufacture iPhone casing?
8 months, 1 week ago

Tata developing high-tech machines to manufacture iPhone casing?

Hindustan Times  

Tata Electronics has tied up with two Indian manufacturers in Pune and Bengaluru to develop capabilities to work on developing very sophisticated and complex high-precision machines used to produce the casing of the iPhone, Economic Times reported. The action is anticipated to provide the government's $300 billion electronics export goal by 2025 with a significant boost. These machines are just …

Hiring now! Apple may create 500,000 jobs in India
8 months, 2 weeks ago

Hiring now! Apple may create 500,000 jobs in India

Hindustan Times  

Apple has been trying to diversify its manufacturing base away from China after facing huge difficulties during the Covid-19 pandemic when the production of iPhone and other gadgets came under intense pressure. It has been reported that Apple, via its vendors, may create over 500,000 jobs in India over the next three years, news agency PTI reported quoting government sources. …

Apple set to scale up production India, employ 5 lakh people in next 3 years
8 months, 2 weeks ago

Apple set to scale up production India, employ 5 lakh people in next 3 years

Live Mint  

iPhone maker Apple is set to scale up its production in India through vendors and is expected to employ around 5 lakh employees from the country in the next three years, the sources from the government revealed on Sunday. The fresh plans around hiring will be a significant boost from the current level of 1.5 lakh Apple employees in India, …

Apple shows the way for electronics exports
8 months, 3 weeks ago

Apple shows the way for electronics exports

Hindustan Times  

At $10 billion in FY24, exports of India-assembled iPhones have doubled from the previous fiscal. While the iPhone instance is evidence of policies such as the PLI for smartphones working, India must do more to convince the world that it has the makings of a preferred China+1 destination for electronics exports. At present, the world may seem more inclined towards …

Tamil Nadu tops in electronics exports, by sending smartphones made in Kancheepuram to the U.S.: Data
9 months ago

Tamil Nadu tops in electronics exports, by sending smartphones made in Kancheepuram to the U.S.: Data

The Hindu  

April 03, 2024 01:06 pm | Updated 05:08 pm IST Tamil Nadu, India’s largest exporter of electronic goods in FY23, accounted for 30% of all electronic goods exports from India in FY24. The share of the electronic goods sector in India’s overall exports has more than doubled — mostly due to the rise in Tamil Nadu’s contribution — in recent …

Apple produces over Rs. 1 lakh crore worth of iPhones under PLI scheme: Rajeev Chandrasekhar
9 months, 2 weeks ago

Apple produces over Rs. 1 lakh crore worth of iPhones under PLI scheme: Rajeev Chandrasekhar

India TV News  

Union Minister of State for Electronics and IT Rajeev Chandrasekhar on Friday announced that the production-linked incentive scheme is scaling new heights every day on production, exports, and jobs. He also said that Apple has produced over Rs 1 lakh crore worth of iPhones in 11 months of FY 24 under the PLI scheme. “PM @narendramodi ji's visionary PLI Scheme …

India's 2014 mobile import dependency would have incurred a cost of Rs 14.3 lakh crore
9 months, 4 weeks ago

India's 2014 mobile import dependency would have incurred a cost of Rs 14.3 lakh crore

India TV News  

India the the fifth largest export nation for mobile phones as an individual commodity, which would have faced a hefty import bill of more than Rs 14.3 lakh crore, had it not achieved self-sufficiency in the last 10 years. Since 2014, the cumulative exports of mobile phones have reached a total estimate of Rs 3,22,048 crore, according to the India …

Unparalleled success story unfolds in mobile phone manufacturing in India
9 months, 4 weeks ago

Unparalleled success story unfolds in mobile phone manufacturing in India

India TV News  

The growth of mobile phone production in India over a decade is being described as an unmatched success story in the manufacturing sector. According to the industry body, India Cellular & Electronics Association, mobile phone production, in value terms has surged from Rs 18,900 crore in 2014-15 to an estimated Rs 4.10 lakh crore in FY24, registering over 20 fold …

India Nears Rs 20 Lakh Crore Mobile Production Target: All You Need To Know
10 months ago

India Nears Rs 20 Lakh Crore Mobile Production Target: All You Need To Know

News 18  

India is close to achieving the target of Rs 20 lakh crore worth mobile phone production in the last 10 years, while crossing Rs 1.20 lakh crore worth phone exports in the current fiscal year — a whopping 7,500 per cent increase in exports over a decade — top electronics industry body India Cellular and Electronics Association said on Thursday. …

Every big chip player to re-work investment plan for India: Minister Vaishnaw
10 months ago

Every big chip player to re-work investment plan for India: Minister Vaishnaw

The Hindu  

India has set its sights on becoming a formidable force in global semiconductor equation, rivalling known destinations like Taiwan and South Korea in next 5 years, Union Minister Ashwini Vaishnaw has said asserting that if and when mindset of global players has changed to an eagerness to invest in the country. This means, practically every big player would now like …

‘Domestic value addition in electronics manufacturing can reach 30% soon’
10 months, 1 week ago

‘Domestic value addition in electronics manufacturing can reach 30% soon’

Live Mint  

New Delhi: Domestic electronics manufacturing is likely to see a ramp up of local value addition, in terms of components being made locally—instead of only the final product being assembled here. “It’s important to understand that even China’s domestic value addition in manufacturing is around 45%, because even China imports nearly all of its semiconductors for mobile manufacturing. On Monday, …

Who is winning the smartphone exports race - Vietnam or India: Data
10 months, 1 week ago

Who is winning the smartphone exports race - Vietnam or India: Data

The Hindu  

In recent times, India has laid much emphasis on smartphone exports. It has also marginally improved its share to 1% in Hong Kong’s smartphone imports — the world’s second biggest importer — where India’s share is insignificant. However, in UAE and Germany — the world’s third and fifth biggest smartphone importers —Vietnam’s share in imports is decreasing and in both …

India’s PC market declined 6.6% in 2023
10 months, 2 weeks ago

India’s PC market declined 6.6% in 2023

The Hindu  

India’s PC market inclusive of desktops, notebooks, and workstations shipped 13.9 million units in 2023, a decline of 6.6% YoY. The consumer segment witnessed a decline of 3.1% YoY and the commercial segment declined by 9.7% due to reduced demand from enterprises. The decision on import regulations, improving market sentiment, and aggressive push from vendors ensures market recovery in the …

Two multi-billion dollar semiconductor plants to come up in India: Rajeev Chandrasekhar
10 months, 3 weeks ago

Two multi-billion dollar semiconductor plants to come up in India: Rajeev Chandrasekhar

India TV News  

India is set to witness the establishment of two major semiconductor fabrication plants, each involving multi-billion dollar investments, alongside multiple chip assembly and packaging units, according to Minister of Electronics and IT Rajeev Chandrasekhar. Reflecting on India's semiconductor journey, Chandrasekhar highlighted the strides made since 2014, particularly after the launch of the semiconductor programme in January 2020. Chandrasekhar highlighted India's …

India’s rival is Vietnam in the game of attracting global manufacturers
10 months, 3 weeks ago

India’s rival is Vietnam in the game of attracting global manufacturers

Live Mint  

If India wants to build a robust computer and electronics manufacturing industry, it needs to shift focus, fast. The latest reminder of this urgency came last week with a US appeal for New Delhi to make the business environment easier and more transparent to navigate, or keep losing out on foreign direct investment. Though India is getting a lot of …

Apple tops India smartphone revenue in 2023, nears $10 bn mark
11 months, 1 week ago

Apple tops India smartphone revenue in 2023, nears $10 bn mark

Live Mint  

Apple is projected to have pipped Samsung for the top spot in terms of revenue with almost one-third of Samsung’s total shipment volume—while Apple is said to have shipped just over 10 million iPhones last year, Samsung shipped over 27.3 million to capture 18% of the market. iPhone-maker Apple marked 2023 as the first year when it topped the smartphone …

Import duty on mobile phone components cut to 10% from 15%
11 months, 1 week ago

Import duty on mobile phone components cut to 10% from 15%

Live Mint  

The Centre has reduced import duty on parts used for mobile phone manufacturing to 10% from 15%, in a move to push mobile phone manufacturing in India amid the country's larger focus on exports and becoming a player in global supply chains. Building scale, riding on low input tariffs is key to transforming India into a global hub for electronics …

How reduced taxes on mobile parts could impact smartphone-making industry in India? Explained
11 months, 1 week ago

How reduced taxes on mobile parts could impact smartphone-making industry in India? Explained

India TV News  

The centre has taken a big step to support mobile phone production in India. Metal-made mechanical items for cellular mobile phones, such as battery covers, front covers, GSM antennas, sealing gaskets, and more, Expanded List of Components The list includes conductive cloth, LCD conductive foam, BT foam, heat dissipation stickers, protective films, and various items used to make cell phones. …

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