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India's electronics policy framework needs to offer stability to strengthen position in global market
Secretary, Department of Commerce, Rajesh Agrawal, has noted that the global electronics industry is increasingly driven by global value chains, and India's policy framework must provide the predictability and stability required for these value chains to expand their presence in the country. He observed that policy approaches for production aimed at the domestic market may differ from those needed to promote export-oriented manufacturing. He added that the Chintan Shivir had been convened to facilitate constructive dialogue and develop tangible, balanced and actionable policy recommendations that are equitable for all stakeholders while strengthening India's position as a globally competitive electronics manufacturing and export hub.
Govt's Chintan Shivir highlights roadmap to achieve $150 billion electronics exports by 2030
With the global electronics industry increasingly being driven by global value chains, Commerce Secretary Rajesh Agrawal indicated that India's policy framework must provide the predictability and stability required for these value chains to expand their presence in the country.
India sweetens the deal for global electronics manufacturers
India is expanding electronics manufacturing by offering customs duty concessions on machinery. These incentives aim to attract investment in critical components and advanced equipment. The government seeks to deepen the domestic electronics ecosystem beyond final product assembly. This policy supports the growth of India's electronics production and export capabilities. New Delhi is positioning India as a comprehensive electronics manufacturing hub.
RailTel Corp rises after securing Rs 18.54 crore order from Uttar Pradesh government
RailTel Corporation of India rose 2.66% to Rs 310.95 after the company announced that it has secured a work order worth Rs 18.54 crore from the Information Technology and Electronics Department, Government of Uttar Pradesh.
India's growth riding on copper, govt should help boost capacity, industry body says
India's infrastructure boom fuels copper demand growth significantly higher than GDP. Copper demand is projected to rise nine to ten percent annually. This surge is driven by infrastructure, clean energy, and consumer electronics needs. India has become a net importer of copper after a smelter closure. New capacities are emerging, but a deficit is still expected.
EMS players rally after govt extends customs duty sops
Electronic manufacturing services players' shares rose Thursday after duty concessions were extended. This relief covers machinery for lithium-ion battery and display component manufacturing. The government's move reinforces its commitment to the domestic electronics ecosystem. Shares of Syrma SGS Technology and Dixon Technologies are strong performers. This import duty concession should act as a tailwind for the sector.
Samsung in rejig mode to boost India play: Company to remove overlapping functions across TV & home appliances units
Samsung is restructuring its Indian operations to improve profitability in home appliances. This move follows pressure from slowing smartphone demand and rising component costs. The company aims to eliminate operational layers and overlapping functions within its sales divisions. Job losses are possible as Samsung seeks to accommodate most employees in new roles. This restructuring initiative may extend to other global subsidiaries of the electronics giant.
Tata's Assam semiconductor plant to receive Rs 14,044 crore in government incentives
The Tata Group's new Assam semiconductor facility will receive significant government incentives. The Centre will provide Rs 10,255 crore, and Assam will add Rs 3,789 crore. This major electronics manufacturing investment is expected to create over 27,000 jobs. The Outsourced Semiconductor Assembly and Test plant will produce millions of chips daily. This project aims to boost India's semiconductor ecosystem and Assam's industrial development.
Syrma SGS to Kaynes Tech: EMS stocks jump up to 7.5% as Centre waives customs duty on key electronic components
The government's waiver of basic customs duty on electronics manufacturing components until 2029 led to sharp stock gains for companies like Kaynes Technology. This initiative aims to enhance domestic production of electronics and support India's goal of becoming a global manufacturing hub.
Basic customs duty waiver on key electronic parts will deepen value chain, says IT Secretary
The government has waived basic customs duty on key electronics manufacturing components. This move aims to deepen the value chain and stimulate the domestic component industry. Display assemblies, lithium-ion cells, and inductor coil modules are among the items receiving duty waivers. These notifications were issued by the Ministry of Finance following industry requests. The IT Secretary stated this change will significantly boost the electronics sector.
Dixon, Kaynes, Amber, Syrma surge up to 5%; what's driving EMS stocks?
The government extended customs duty concessions on a range of machinery and components used in electronics manufacturing until March 31, 2029.
Dixon Tech, Syrma SGS, Amber shares surge up to 6%. What does customs duty relief mean?
Shares of Dixon Technologies, Syrma SGS Technologies and Amber Enterprises rallied after the Centre expanded customs duty exemptions on electronics manufacturing machinery and components until 2029. The move is expected to reduce import costs, improve margins, encourage fresh investments and strengthen India's electronics manufacturing ecosystem across batteries, displays and smartphones.