Govt mulling $3 billion incentives package for electronics R&D, products
4 weeks ago

Govt mulling $3 billion incentives package for electronics R&D, products

Live Mint  

The Centre is working on a $3 billion package for the electronics industry to encourage private sector research and development and create leading brands, two people aware of the development said. The second official said the Centre is considering these incentives “to build a domestic electronics market that local fabs can supply to, which, in turn, will attract bigger global companies to the semiconductor ecosystem as well". At Meity, there is consensus that a large outlay is needed to build a value-added domestic electronics market to avoid the fate of local brands after the entry of Chinese phonemakers, the second official said. Ajai Chowdhry, industry veteran and co-founder of HCL, said that while India has succeeded in building scale in the domestic electronics industry by incentivizing assembling, a greater push will be critical to generate bigger value. Elements such as systems-on-chips, sub-systems and components should be designed in India, and engineers should design products that are made in India—in order to increase local value addition in India’s electronics economy," Chowdhry said.

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History of this topic

Mint Primer: Why is private R&D important in electronics?
3 weeks, 1 day ago

Mint Primer: Why is private R&D important in electronics?

Live Mint  

The government has a $3-billion incentive plan to create electronics brands and boost private research spending on the sector. However, assembling operations typically have very little margins, and a significant part of it is earned by firms from China—leaving India with little value apart from being a market where access to labour is cheap. In comparison with mere assembly of …

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 …

Will a new incentives package help India's drone industry lift off?
3 months, 3 weeks ago

Will a new incentives package help India's drone industry lift off?

Live Mint  

New Delhi: India’s nascent drone ecosystem is set to receive a ₹3,000-crore booster shot, with the Centre planning a new production-linked incentive scheme for the industry, three people aware of the development said on condition of anonymity. “The incentives plan that’s being discussed includes ₹1,000 crore in PLI support for each of three verticals—drone R&D, testing and component infrastructure, and …

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 …

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 …

India Doubles Down on Chip Dreams with Rs 6,903 Crore Record Boost for Semiconductors
11 months ago

India Doubles Down on Chip Dreams with Rs 6,903 Crore Record Boost for Semiconductors

News 18  

The Union government has once again showcased its commitment by allocating a staggering Rs 6,903 crore in the Interim Budget for 2024-25. This significant boost follows the allocation of Rs 3,000 crore in the previous year, affirming the government’s determination to foster the semiconductor and electronics manufacturing sector. Ashok Chandak, president of the India Electronics & Semiconductor Association, lauded the …

Spur research and innovation-led economic growth
11 months, 1 week ago

Spur research and innovation-led economic growth

New Indian Express  

To realise the potential of the NRF, I look forward to the finance minister decoupling it from private sector investments, especially when it comes to boosting spending in academic research. It should consider offering 200 percent weighted tax deductions on all R&D expenses, including capital expenditures by both in-house and outsourced R&D setups. Recalibrate patent box regime The scope of …

Interim Budget 2024: Here's how government can boost domestic manufacturing
11 months, 1 week ago

Interim Budget 2024: Here's how government can boost domestic manufacturing

India Today  

The countdown to the Interim Budget 2024-25 has begun, and leaders from various sectors are voicing their hopes and expectations, particularly centered around strengthening domestic manufacturing. Ashok Rajpal, Managing Director of Ambrane India, highlighted the positive impact of Production-Linked Incentive schemes and manufacturing incentives on the consumer electronics industry. “The PLI schemes and various manufacturing incentives have already proven instrumental …

Union Budget: Consumer electronics sector seeks fiscal incentives for R&D
11 months, 2 weeks ago

Union Budget: Consumer electronics sector seeks fiscal incentives for R&D

Firstpost  

The consumer electronics market in India is anticipated to witness a robust growth of 6.06 per cent from 2024 to 2028, culminating in a substantial market volume of $92.4 billion in 2028, according to Statista. Role of fiscal incentives Targeted fiscal incentives can play a crucial role in addressing these challenges and catalyzing R&D in India’s consumer electronics sector. Proposed …

Interim Budget | Healthcare industry expectations include incentives to promote private investment, R&D, et al
11 months, 2 weeks ago

Interim Budget | Healthcare industry expectations include incentives to promote private investment, R&D, et al

The Hindu  

The healthcare industry is seeking greater incentives to promote private investment, sustained incentives for research and development particularly in antibiotic research, while calling for actions to address escalating Active Pharmaceutical Ingredient cost, including incentives for domestic manufacturers and a reduction in GST in the upcoming Interim Budget 2024-25. Besides this the industry is also demanding accelerated growth in adding to …

'India should set up $10bn fund of funds to develop semiconductor design labs'
1 year, 1 month ago

'India should set up $10bn fund of funds to develop semiconductor design labs'

Live Mint  

New Delhi: India should set up a $10 bn ‘fund of funds’ for pureplay semiconductor design companies to funnel private investments and, in turn, boost chip manufacturing, said India Semiconductor Mission advisory committee member Sriram Viswanathan. “India should set up a $10 billion fabless design initiative or incentive scheme that requires private capital to multiply that for every dollar of …

India’s Laptop Import Restrictions Could Expand To Cameras And Printers
1 year, 4 months ago

India’s Laptop Import Restrictions Could Expand To Cameras And Printers

News 18  

The Indian government could bring cameras and printers to its import restriction policy in the coming months. Earlier this month, the government announced import restrictions on laptops and tablets but new reports suggest that more items could be added to the list, posing further issues for manufacturers who get their products imported from other markets. Bringing camera and printer brands …

Chip tactics: on India’s bid to attract major global chip manufacturers
1 year, 5 months ago

Chip tactics: on India’s bid to attract major global chip manufacturers

The Hindu  

The government has made a fresh bid to attract major global chip manufacturers into the country. At the Semicon India summit last Friday, Prime Minister Narendra Modi told prospective investors that the government had drawn on their suggestions after the first such conference last year, and taken pro-active decisions to address areas of concern. Ahead of Mr. Modi’s U.S. State …

Explained | Mapping India’s chip design ecosystem
1 year, 5 months ago

Explained | Mapping India’s chip design ecosystem

The Hindu  

The story so far: As part of the second phase of the design-linked incentive scheme for the domestic semiconductor industry, the Indian government, according to media reports, is considering a proposal to pick an equity stake in domestic chip design-making companies. According to Pranay Kotasthane, Chairperson, High Tech Geopolitics Programme at Takshashila Institution, the government’s attempt to become a venture …

After Apple Factory, Karnataka to Get Electronics Manufacturing Cluster Worth Rs 180Cr Ahead of Polls
1 year, 9 months ago

After Apple Factory, Karnataka to Get Electronics Manufacturing Cluster Worth Rs 180Cr Ahead of Polls

News 18  

The central government has approved the setting up of the Electronics Manufacturing Cluster, worth about Rs 180 crore, in Karnataka’s Dharwad district ahead of the state’s assembly election. This will be established in the Kotur-Belur Industrial Area, which was proposed last year to support medium and small-scale industries, and under the Modified Electronics Manufacturing Clusters Scheme. As of now, three …

India’s semiconductor market to reach $55 billion by 2026: Deloitte
1 year, 10 months ago

India’s semiconductor market to reach $55 billion by 2026: Deloitte

The Hindu  

The Indian semiconductor market is to reach $55 billion by 2026 with more than 60% of the market being driven by three industries: smartphones and wearables, automotive components, and computing and data storage, according to a report by Deloitte. Despite strong global headwinds on the economic front, India is expected to emerge as a major player in the 5G revolution, …

Budget 2023 | Govt May Bring Incentive Scheme To Boost Local Chip Manufacturing: Report
2 years ago

Budget 2023 | Govt May Bring Incentive Scheme To Boost Local Chip Manufacturing: Report

ABP News  

As the world’s chip shortage problem persists, the central government is likely to incentivise local chip manufacturing. According to a report by the Economic Times, the Ministry of Electronics and IT is working on an incentive scheme, worth around Rs 10,000 crore to Rs 12,000 crore, to promote domestic manufacturing of high-end components that could go into products such as …

India needs corporate mandate on R&D: Zoho CEO Sridhar Vembu
2 years ago

India needs corporate mandate on R&D: Zoho CEO Sridhar Vembu

Business Standard  

India requires a corporate mandate on Research & Development similar to CSR to promote a technology innovation culture which will help build critical technologies here in the country, Zoho Corporation's founder Sridhar Vembu said. The Padma Shree awardee and CEO of the country's first billion-dollar IT product company said the country lacks a culture of its own R&D and pointed …

Production-linked incentives | Dole or incentive?
2 years, 2 months ago

Production-linked incentives | Dole or incentive?

India Today  

For over a decade, the share of manufacturing in India’s GDP has remained in the 15-17 per cent range, with various measures by the present and past governments barely helping the needle move. Targeting 14 key sectors, the scheme, with an outlay of Rs 1.97 lakh crore, aimed to create national manufacturing champions, 6 million new jobs and additional production …

Coming Soon: Research-linked Incentive Scheme to Rejuvenate Global Image of Indian Pharma Market
2 years, 6 months ago

Coming Soon: Research-linked Incentive Scheme to Rejuvenate Global Image of Indian Pharma Market

News 18  

With an aim of improving India’s position in the global pharmaceuticals market on the innovation index, the Narendra Modi government is preparing to launch a “research-linked incentive scheme”, News18.com has learnt. Planning India’s shift away from a low-value, high-volume player to a high-value, high-volume player in the global pharma market, the government is in discussions over the proposed scheme with …

Indian Govt Invites Drone Industry To Apply For Rs 120 Crore PLI Scheme
2 years, 9 months ago

Indian Govt Invites Drone Industry To Apply For Rs 120 Crore PLI Scheme

News 18  

The Indian government is now looking for active participation from the country’s drone industry and wants companies to apply for its special production linked incentive or PLI scheme that was announced in September last year. The scheme is giving drone companies a chance to get a total incentive of Rs 120 crore which is covered over the period of three …

Five firms submit proposal of Rs 1.53 lakh cr to set up semiconductor, display plants
2 years, 10 months ago

Five firms submit proposal of Rs 1.53 lakh cr to set up semiconductor, display plants

India Today  

The government has received proposals from five companies for setting up electronic chip and display manufacturing plants with investment of Rs 1.53 lakh crore, an official statement said on Saturday. Vedanta Foxconn JV, IGSS Ventures and ISMC propose to set up electronic chip manufacturing plants with USD 13.6 billion investment and have sought support of USD 5.6 billion from the …

For $300 Billion Electronics Manufacturing Dream, Budget 2022 Must Incentivise Make in India
2 years, 11 months ago

For $300 Billion Electronics Manufacturing Dream, Budget 2022 Must Incentivise Make in India

News 18  

On January 24, the Minister for Electronics and Information Technology, Ashwini Vaishnaw released the vision document on the opportunities and growth of domestic electronics manufacturing. Titled “$300 bn Sustainable Electronics Manufacturing & Exports by 2026”, the report looks at the systemic changes needed to build the manufacturing capability for the domestic sector. While some electronics goods require a large number …

Centre may revise duty on electronics
2 years, 11 months ago

Centre may revise duty on electronics

Hindustan Times  

The government is likely to rejig customs duties on components or sub-parts of consumer electronics and mobile phones in the upcoming Union budget, two people familiar with the development said. The government is considering reducing import duties on components of audio devices and wearables such as smartwatches and smart bands to boost local manufacturing, the second person said, also declining …

‘India can make $300-bn electronics by 2026’
2 years, 11 months ago

‘India can make $300-bn electronics by 2026’

The Hindu  

Given the ‘unforeseen and unprecedented’ challenges brought by the pandemic, India is likely to achieve electronics production of $300 billion by 2026, lower than the target of $400 billion by 2025 set as per the National Policy on Electronics 2019, according to a vision document released by Ministry of Electronics and IT in association with the India Cellular & Electronics …

In Software-obsessed India, Hardware Finally Gets a Place in the Sun
3 years ago

In Software-obsessed India, Hardware Finally Gets a Place in the Sun

News 18  

The Union Cabinet, on December 15, approved a much-awaited ‘comprehensive programme for the development of a sustainable semiconductor and display ecosystem’. The Rs 76,000 crore package will support 100 domestic semiconductor design companies, 15 compound semiconductors and semiconductor packaging units, two fabrication units, and two display fabs. Reason 2: A 20-year roadmap, not merely a one-off incentive scheme The package …

Union Cabinet approves ₹76,000-crore push for semiconductor makers
3 years ago

Union Cabinet approves ₹76,000-crore push for semiconductor makers

The Hindu  

The Union Cabinet on Wednesday approved a ₹76,000 crore scheme to boost semiconductor and display manufacturing in the country, taking the total amount of incentives announced for the electronics sector to ₹2.30 lakh crore, a government statement said. The comprehensive programme for the “development of sustainable semiconductor and display ecosystem in the country” was aimed at making India a global …

PLI scheme for telecom: DoT issues guidelines, caps expenditure on R&D
3 years, 7 months ago

PLI scheme for telecom: DoT issues guidelines, caps expenditure on R&D

Business Standard  

PLI scheme for telecom: DoT issues guidelines, caps expenditure on R&D If a company invests Rs 100 crore, it can account for Rs 5 crore as technology transfer and Rs 15 crore as R&D expenditure. Premium The threshold investment is a key element that determines the financial incentive that a company will be eligible for under the scheme. Surajeet Das …

Production-linked incentives: A well-designed scheme
3 years, 8 months ago

Production-linked incentives: A well-designed scheme

Live Mint  

One little-noticed scheme is bringing large manufacturing capacity to India. Lost in the news shuffle caused by the pandemic, the government’s production-linked incentive scheme, instituted in April 2020 for large-scale electronics manufacturing in India, has gained significant traction over the past year. It offers a simple and direct incentive based on incremental sales, designed to boost domestic manufacturing and attract …

Make in India and get cash incentives of $1 billion: Govt’s offer to chip-makers
3 years, 9 months ago

Make in India and get cash incentives of $1 billion: Govt’s offer to chip-makers

Live Mint  

India is offering more than $1 billion in cash to each semiconductor company that sets up manufacturing units in the country as it seeks to build on its smartphone assembly industry and strengthen its electronics supply chain, two officials said. A consortium of investors led by Abu Dhabi-based fund Next Orbit Ventures has shown interest in setting up in India, …

Production-linked incentive scheme to boost India's manufacturing output by $520 billion in 5 years, says Narendra Modi
3 years, 10 months ago

Production-linked incentive scheme to boost India's manufacturing output by $520 billion in 5 years, says Narendra Modi

Firstpost  

New Delhi: Prime Minister Narendra Modi on Friday said production-linked incentive scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country’s production by $520 billion in the next five years. In this year’s Budget, about Rs 2 lakh crore was earmarked for the PLI scheme for the next five years and “there is an …

Govt Clears Production-linked Incentive Scheme to Boost Manufacturing of Laptops, Tablets and PCs
3 years, 10 months ago

Govt Clears Production-linked Incentive Scheme to Boost Manufacturing of Laptops, Tablets and PCs

News 18  

The government on Wednesday approved a production-linked incentive scheme for laptops, tablets, all-in-one PCs and servers, as it looked to woo global players to tap India’s manufacturing capabilities. The approval of PLI scheme for these hi-tech IT hardware gadgets comes after the Cabinet last week cleared a Rs 12,195 crore scheme for telecom equipment manufacturing. Briefing reporters after a meeting …

Atmanirbhar Bharat: Govt approves ₹15,000 cr to pharma sector to boost local drug production
4 years, 1 month ago

Atmanirbhar Bharat: Govt approves ₹15,000 cr to pharma sector to boost local drug production

Live Mint  

The Cabinet on Wednesday announced production linked incentives for 10 sectors including auto, pharmaceuticals and textiles worth ₹2 lakh crore in a bid to boost manufacturing, make India self reliant and generate employment. Briefing reporters after a meeting of the Cabinet, Information and Broadcasting Minister Prakash Javadekar said production-linked incentives will be offered for sectors such as white goods manufacturing, …

Why India could gain as firms move supply chains away from China
4 years, 4 months ago

Why India could gain as firms move supply chains away from China

Al Jazeera  

The Indian government has given incentives to electronics giants like Samsung to set up manufacturing plants. India’s latest set of incentives to entice businesses moving away from China seem to be working, with companies from Samsung Electronics Co. to Apple Inc.’s assembly partners showing interest in investing in the South Asian nation. Prime Minister Narendra Modi’s government in March announced …

Govt to offer production linked incentives to boost manufacturing
4 years, 5 months ago

Govt to offer production linked incentives to boost manufacturing

India Today  

India is working on offering production linked incentives for up to five sectors to boost domestic manufacturing, a top finance ministry official said on Thursday, bolstering efforts to attract new investments in the coronavirus-stricken economy. The government earlier announced production linked incentives for large scale electronic goods makers for five years, to attract investments in mobile phone manufacturing and electronic …

Electronics incentive schemes launched
4 years, 7 months ago

Electronics incentive schemes launched

The Hindu  

Telecom and IT Minister Ravi Shankar Prasad on Tuesday launched three incentive schemes with a total outlay of about ₹48,000 crore to boost large-scale manufacturing of electronics in the country. Approved in March The three schemes — Production Linked Incentive, Component Manufacturing Scheme and Modified Electronics Manufacturing Clusters — were approved by the Union Cabinet in March this year, however, …

Govt Introduces Rs 50,000 Crore Package to Boost Make in India for Smartphone OEMs
4 years, 7 months ago

Govt Introduces Rs 50,000 Crore Package to Boost Make in India for Smartphone OEMs

News 18  

India launched a $6.65 billion plan on Tuesday to boost electronics manufacturing, saying it would start by offering five global smartphone makers incentives to establish or expand domestic production. To further ease the rules and make local manufacturing of smartphones in India seem attractive, the committee has chosen to remove certain valuation caps from the production process, and also de-link …

Industry seeks 6% production linked incentive for electronics manufacturing
4 years, 8 months ago

Industry seeks 6% production linked incentive for electronics manufacturing

Live Mint  

NEW DELHI: The Manufacturers Association of Information Technology has sought a 6% production linked incentive for all electronics categories to “attract the migrating ships of manufacturing leaving China to India’s shores”. The body asked for the electronics sector to be categorised as a priority sector, with a “Central National Policy, including land clearances, labour laws, taxation, licenses, incentives” to be …

Govt notifies schemes with Rs 48,000-cr incentive to boost electronics production; move may generate 20 lakh jobs by 2025
4 years, 9 months ago

Govt notifies schemes with Rs 48,000-cr incentive to boost electronics production; move may generate 20 lakh jobs by 2025

Firstpost  

The SPECS notified for manufacturing of electronics components and semiconductors has a budget outlay of Rs 3,285 crore spread over a period of eight years. New Delhi: The government on Wednesday notified three schemes involving total incentives of around Rs 48,000 crore to boost local electronics manufacturing and create 20 lakh direct and indirect jobs by 2025. The government notified …

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