Buoyed by robust local manufacturing of electronics products, especially mobile phones, the government is reportedly planning to soon roll out incentives worth billions of dollars for domestic companies to manufacture deeper components.
Retail investors scooped up 2.33 trillion won ($1.67 billion) worth of Samsung Electronics stocks since the U.S. presidential election, the country's main bourse said on Sunday.
Over the past ten years, capital-intensive sub-sectors such as electronics, chemicals and machinery within India’s manufacturing sector, have seen a major growth in both employment and exports, according to a Goldman Sachs report.
The IEM-UEM group attained an orbital shift in research excellence through the collaborative global conference IEMCON (Information Technology, Electronics and Mobile Communication) in collaboration with IEEE and the famous University of California, Berkeley, USA.
Union Minister for Electronics and IT Ashwini Vaishnaw has said that India is moving towards becoming the next semiconductor hub for the world as big investment is happening in this sector in the country.
India’s electronics sector is currently employing about 1.2 million people all over the country, as 325 to 330 million mobile phones are being manufactured every year, the government said on Thursday.
Union Electronics and IT Minister Ashwini Vaishnaw on Monday announced that consumer electronics majors HP Inc and Padget Electronics have signed an MoU to manufacture HP laptops, personal computers, and All-in-One PCs at a factory in Tamil Nadu.
The groundbreaking ceremony for India's first silicon carbide manufacturing facility to be set up by RIR Power Electronics Limited, a leader in India’s semiconductor power electronics technology, was held here on Friday at the Electronic Manufacturing Cluster (EMC) Park.
The company exported 85 per cent of the freight-on-board production value of its iPhones, worth more than Rs 40,000 crore, in the April-July period.
According to the Minister, these technologies are extremely critical for key applications such as automotives (especially electric vehicles), communications, network infrastructure, and others.
