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(Reuters) -The Indian government has approved the first batch of seven projects worth over 55 billion rupees ($625.75 million) to boost domestic manufacturing of electronics components. The approval includes four projects by Kaynes Circuits India, covering multi-layer and high-density printed circuit boards (PCBs), camera modules and laminates, along with projects by SRF, Syrma Strategic Electronics, and Ascent Circuits, the electronics and IT ministry said on Monday. India has been stepping u ...Read More >
Premier Energies and Syrma SGS Technologies will be in focus on October 24 after announcing a joint acquisition of Pune-based solar inverter maker KSolare Energy for Rs 170 crore. Premier Energies will take a 51% stake and Syrma SGS 49%, with KSolare becoming a subsidiary of Premier Energies. The deal is expected to close within 90 days, subject to approvals. Shares of Premier Energies Limited and Syrma SGS Technologies Limited are expected to be in focus on Friday, October 24, after the two co ...Read More >
Rajaa added that Foxconn's India representative Robert Wu had met with Tamil Nadu CM MK Stalin "to reaffirm their deep trust in Tamil Nadu with substantial investment comRmitments". Taiwanese contract manufacturing giant Foxconn has committed ₹15,000 crore in investments, creating 14,000 high-value jobs, Tamil Nadu industries minister TRB Rajaa said in a post on X (formerly Twitter) on Monday. Rajaa said this was the largest-ever engineering jobs commitment for the state and a 'major boost' f ...Read More >
Apple has achieved a record $10 billion in iPhone exports from India in the first six months of the fiscal year, marking a 75% increase. This surge is attributed to expanded production with two new factories and the global rollout of all iPhone models from India at launch. New Delhi: Apple has clocked a record $10 billion (about ₹88,730 crore, current currency conversion) worth of iPhone exports from India in the first six months of this fiscal, up 75% from $5.71 billion in the year-ago period ...Read More >
The Electronics Component Manufacturing Scheme has attracted investment. Union Minister Ashwini Vaishnaw announced proposals worth Rs 1.15 lakh crore. This amount exceeds initial targets for investment and employment. The scheme aimed for Rs 59,000 crore investment. It also promises 1.41 lakh jobs, surpassing the 91,600 target. The application window for capital equipment remains open. The Electronics Component Manufacturing Scheme has attracted investment proposals worth Rs 1.15 lakh crore, Un ...Read More >
Hyderabad: The Electronics Components Manufacturing Scheme has received an overwhelming response from both domestic and international industry leaders. This reflects India's growing stature on the global stage and the increasing confidence of the domestic industry, including MSMEs, which have shown strong interest in making the country self-reliant in electronics manufacturing. The scheme is projected to create 1,42,000 direct jobs well above the target of 91,600 and a manifold number of indire ...Read More >
New Delhi, Sep 30 (PTI) Electronics manufacturing services firm Optiemus Infracom and Ordinary Theory LLC USA have announced to set up a joint venture for manufacturing, market development, and sales of smart enterprise hardware and integrated industrial solutions, a regulatory filing said on Tuesday. The joint venture will focus on creating smart enterprise hardware solutions spanning payments, retail, logistics, and AI. "This partnership with Ordinary Theory LLC excites us as it will help us ...Read More >
New Delhi [India], September 30 (ANI): Union Minister of Commerce and Industry Piyush Goyal on Monday said that India is steadily advancing on three core principles: Aatmanirbharta (self-reliance), Aatmavishwas (self-confidence), and Aatmaraksha (self-protection). "India is advancing on three foundational principles - Aatmanirbharta, Aatmavishwas, and Aatmaraksha. We are building robust capabilities, resilient supply chains, and dynamic value chains, while engaging globally from a position of st ...Read More >
* India to launch a precise Indian Standard Time (IST) project from 5 locations across the country. * National Physical Laboratory (NPL) and ISRO to partner on the initiative. * Move supports India's push towards automation, Industry 4.0, and global manufacturing leadership. India is gearing up to launch a national project to deliver highly accurate Indian Standard Time (IST) from five strategic locations. The project will be implemented in collaboration with the National Physical Laboratory ...Read More >
New Delhi: A parliamentary committee has said India should look at the US coming out unilaterally from WTO obligations and resorting to tariffs to protect its domestic industry as an opportunity to negotiate favourable clauses under the plurilateral Information Technology Agreement (ITA) or even explore an exit, sources said. The Standing Committee on Communications and Information Technology has, in a report, blamed the agreement India signed in 1997 for a host of ills plaguing the IT and elec ...Read More >
New Delhi, Sep 1 (PTI) The government expects to accommodate 2-3 more chip projects under India Semiconductor Mission before moving on to the next phase of the ecosystem development, a top IT ministry official said on Monday. The government has committed around Rs 62,900 crore, or 97 per cent, of the Rs 65,000 crore fund earmarked as incentives for semiconductor production in the country, with approval of 10 chip production projects. "We have got to the number of 10. Maybe two or three more ma ...Read More >
Electronics contract manufacturer Optiemus Infracom Wednesday announced the launch of locally made tempered glass screen protectors for mobile phones, manufactured in collaboration with US-based Corning. The screen protectors will be sold under the brand name RhinoTech. Optiemus is projecting a revenue of Rs 1800-2000 crore by end of FY27 following the launch of the tempered glass. The company said this is the first time in India that advanced screen protectors will be produced locally and ma ...Read More >
The Union Cabinet has approved the establishment of four new semiconductor manufacturing units at a total cost of ₹4,594 crore. Two of the facilities will be set up in Odisha, with one each in Andhra Pradesh and Punjab, according to a statement by the Ministry of Electronics & IT. These four proposals approved are from SiCSem, Continental Device India Private Limited (CDIL), 3D Glass Solutions Inc., and Advanced System in Package (ASIP) Technologies. While SiCSem and 3D Glass will be set up in ...Read More >
Mumbai, Aug 4 (PTI) The rupee depreciated 11 paise to 87.29 against the US dollar in early trade on Monday, weighed down by sustained foreign fund outflows and concerns over trade tariffs. Forex traders said the weakness in the dollar index and easing crude oil prices supported the rupee at lower levels. At the interbank foreign exchange market, the rupee opened at 87.21 and fell to an early low of 87.29 against the American currency, registering a decline of 11 paise over its previous close. ...Read More >
New Delhi [India], August 4 (ANI): India is expected to emerge as a significant player in the global semiconductor market, which is expected to reach USD 1 trillion by 2030. In an official statement released on Sunday, the central government highlighted that India's semiconductor market, valued at around USD 38 billion in 2023, is projected to grow to USD 45-50 billion by 2024-2025 and further expand to USD 100-110 billion by the end of the decade. This rapid growth reflects the country's grow ...Read More >
Dehradun (Uttarakhand) [India], August 4 (ANI): In Uttarakhand, the India Meteorological Department (IMD) has issued an orange alert for three days in the districts of Dehradun, Nainital, Champawat, Bageshwar, Pauri Garhwal and Udham Singh Nagar. In view of the alert issued by the IMD, the Dehradun district administration announced the closure of all schools up to Class 12 and Anganwadi centres on August 4, 2025. Also Read | Drug Party Raided in Hyderabad: 6 Techies Arrested for Consuming LSD ...Read More >
New Delhi [India], August 4 (ANI): India is expected to emerge as a significant player in the global semiconductor market, which is expected to reach USD 1 trillion by 2030. In an official statement released on Sunday, the central government highlighted that India semiconductor market, valued at around USD 38 billion in 2023, is projected to grow to USD 45-50 billion by 2024-2025 and further expand to USD 100-110 billion by the end of the decade. This rapid growth reflects the country growing ...Read More >
Kaynes Circuits India is poised to invest Rs 4,995 crore for setting up an advanced electronic component manufacturing facility in Thoothukudi, Tamil Nadu, said people aware of the developments. The plant would produce 74-layer PCB, HDI PCB, flexible PCB, high-performance laminates, camera module assembly and wire harness assembly, the people said. This would mark the first large scale investment in PCB manufacturing in Tamil Nadu. It underscores plans by the state government to set up a new el ...Read More >
Union Railway Minister Ashwini Vaishnaw highlighted India's surging economic strength and technological progress post-pandemic and urged citizens to join the national mission for a developed India. Addressing the "Viksit Bharat Samvad" with traders, business leaders, and citizens in Bhavnagar, Mr Vaishnaw emphasized that while global economies saw declining growth rates post-COVID-19, India stands proudly as the world's fourth-largest economy in the world. The Rail Minister called the fully in ...Read More >
Srinagar, Aug 3: The Department of Archives, Archaeology and Museums on Sunday said that an ancient Shivling had been unearthed and safely housed in the SPS Museum Srinagar for public display. A statement of the Department of Archives, Archaeology and Museums issued here said that it was pleased to announce the discovery of an ancient Shivling carved from stone, measuring 137 cm in length and 160 cm in width, approximately dating back to the 10th Century CE, recovered during sand extraction by ...Read More >
Bhavnagar (Gujarat) [India], August 3 (ANI): Union Railway Minister Ashwini Vaishnaw held a 'Viksit Bharat Samvad' with traders, merchants, industrialists, and prominent citizens at Iskcon Fern in Gujarat's Bhavnagar. Speaking about India's robust and continuously growing economy compared to other countries, the Railway Minister stated that while global economies have seen declining growth rates post the COVID-19 pandemic, India has witnessed a consistent rise in its growth rate--a matter of bo ...Read More >
Lucknow (Uttar Pradesh) [India], August 3 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath is closely monitoring the flood situation in Uttar Pradesh, issuing timely directives to ensure effective relief efforts. Acting on his instructions, state ministers are inspecting affected areas, while Relief Commissioner Bhanu Chandra Goswami informed that floods have impacted 37 tehsils and 402 villages, affecting 84,392 people. Of these, 47,906 have received assistance, and 2,759 animals have been ...Read More >
BENGALURU: The Maharashtra government fears that increase in height of Alamatti reservoir in Bagalkot district of Karnataka from 519.60 meters to 524.256 meters would result in flooding of Sangli, Satara and Kolhapur districts owing to backwaters and there is no need for the Maharashtra government to fear flooding since its own expert committee led by retired Principal Secretary to Irrigation department Nandkumar Wadnekar ruled out flooding from the Almatti and Hipparagi reservoirs, stated Minis ...Read More >
New Delhi: India's transformation from a consumer to a key manufacturer in the global semiconductor value chain, with the chip market targeted to reach 100 to 110 billion dollars by 2030, is being driven by strategic initiatives launched by the government. These include the India Semiconductor Mission, rolled out with an investment of Rs 76,000 crore, the SEMICON India Programme, and global partnerships such as iCET, according to an official statement issued on Sunday. According to industry est ...Read More >
New Delhi, Aug 3 (SocialNews.XYZ) India's transformation from a consumer to a key manufacturer in the global semiconductor value chain, with the chip market targeted to touch $100 to 110 billion by 2030, is being driven by strategic initiatives launched by the government - the India Semiconductor Mission rolled out with an investment of Rs 76,000 crore, the SEMICON India Programme and global partnerships such as iCET, according to an official statement issued on Sunday. According to industry es ...Read More >
Chandigarh: Officials of Municipal Corporation Chandigarh have revealed that the top 20 property tax defaulters of the city are yet to clear dues of over Rs 190 crore, while property tax arrear cases worth Rs 62 crore are under litigation in the Punjab and Haryana high court. Citing different reasons, occupants of seven properties, out of the top 20, have challenged the MC's arrears amount, following which the authority failed to recover the amount from them. All these properties fall under the ...Read More >
New Delhi: In a notable growth for India's trade relations with the United States, a substantial portion of the country's major export categories, including pharmaceuticals, critical minerals, and electronic devices, are reportedly set too be exempted from the recently announced 25% tariffs imposed by former President Donald Trump. This move is expected to shield a significant chunk of India's export economy from the direct impact of the new trade measures. According to reports from the n ...Read More >
India's electronics exports have surged past USD 40 billion, marking an impressive eight-fold growth in the last 11 years, accompanied by a six-fold increase in domestic electronics production. The nation anticipates the first Made in India semiconductor chip to be commercially manufactured this year. Hyderabad, India's electronics exports have soared past USD 40 billion, marking an eight-fold growth over the last 11 years, Union Minister Ashwini Vaishnaw said on Saturday. He also highlighted ...Read More >
Bengaluru, Jul 19 (PTI) Hockey India on Saturday announced a 40-member core probable group for the upcoming senior women's national coaching camp, which will be held at the Sports Authority of India (SAI) Centre here from July 21 to August 29. The camp holds significant importance as the Indian women's hockey team gears up for the women's Asia Cup, set to begin on September 5 in Hangzhou, China. The tournament will serve as a direct qualification pathway for the 2026 FIH Women's World Cup, wit ...Read More >
Hyderabad, Jul 19 (PTI) India's electronics exports have soared past USD 40 billion, marking an eight-fold growth during the last 11 years, Union Minister Ashwini Vaishnaw said on Saturday. He also highlighted that the domestic electronics production has gone up by six times. Addressing the 14th Convocation of IIT Hyderabad, near here, Vaishnaw also emphasised the rapid progress of India's first bullet train project, which is expected to become operational by August or September 2027. Looking ...Read More >
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