India’s Electronic Manufacturing Set to Double to $250 Billion in Five Years: Report
India’s Electronic Manufacturing Set to Double to $250 Billion in Five Years India’s electronic manufacturing sector is poised for significant growth, with projections indicating it will double to around $250 billion in the next five years, according to a report from The Economic Times. This growth would elevate the sector from its current value of […]
Ixigo IPO Heats Up: Strong Initial Response Raises Eyebrows
Ixigo IPO Heats Up: Strong Initial Response Raises Eyebrows The much-anticipated IPO (Initial Public Offering) of Ixigo, the travel technology company behind the popular travel search platform of the same name, has generated significant buzz in the Indian stock market. Oversubscribed DebutOn its opening day (June 10th, 2024), the Ixigo IPO received a robust response […]
Leading Handset Body Urges New Government for Robust Policy to Quadruple Electronics Sector Output in 5 Years
Leading Handset Body Urges New Government for Robust Policy to Quadruple Electronics Sector Output in 5 Years The Indian Cellular and Electronics Association (ICEA), representing major players like Apple, Foxconn, Dixon, Xiaomi, Oppo, Vivo, and others, emphasizes that the new government should focus on establishing a robust and predictable policy framework. This framework should incentivize […]
DoT Launches Baseline Survey for MSMEs, Emphasizing Digital Evolution with 5G
DoT Launches Baseline Survey for MSMEs, Emphasizing Digital Evolution with 5G The Department of Telecommunications (DoT) has invited proposals from organizations and startups to develop a comprehensive Industry 4.0 baseline survey focused on the digital transformation of India’s MSME sector through 5G technologies. This survey aims to evaluate the current readiness of MSMEs in the […]
OpenAI and Google DeepMind Employees Warn About AI Risks
OpenAI and Google DeepMind Employees Warn About AI Risks An open letter from a group of current and former employees at AI companies, including OpenAI and Google DeepMind, has raised concerns about the risks posed by emerging AI technology. This letter adds to the growing calls for addressing safety concerns around generative AI, which can […]
Why Sustainability Reporting Matters for SMEs
Small Business, Big Impact: Why Sustainability Reporting Matters for SMEs A new guide from ACCA (the Association of Chartered Certified Accountants) recognizes the vital role Small and Medium-sized Enterprises (SMEs) play in global supply chains. Their guide, titled “Sustainability Reporting – SME Guide,” empowers SMEs to create the sustainability reports increasingly demanded by regulators and […]
Display Manufacturing Needs Special Focus, Says ICEA
Display Manufacturing Needs Special Focus, Says ICEA The government is providing 50% fiscal support under the Rs 76,000-crore semiconductor incentive scheme for display fabrication. The India Cellular and Electronics Association (ICEA) emphasized on Tuesday the need for special attention to display manufacturing in India, which is currently the third-largest consumer of display products globally. Despite […]
IIT-Madras to Fund Sports-Tech Startups
IIT-Madras to Fund Sports-Tech Startups IIT-Madras is set to provide up to Rs 5 crore in funding to support innovative sports-tech startups in India, aiming to bridge technology and the sporting industry to enhance athletic excellence. These startups will focus on AI and IoT-based products incorporating sensors, networks, actuators, and controllers, leading to the creation […]
Electronics Manufacturers Urge Indian Government to Introduce PLI Scheme for Components and Wearables
Electronics Manufacturers Urge Indian Government to Introduce PLI Scheme for Components and Wearables A trade association representing major electronic manufacturers such as Asus, Dell, Google, Canon, and Dixon has appealed to the Indian government to introduce a production-linked incentive (PLI) scheme for electronic components and wearables. In a letter to S. Krishnan, the Secretary of […]
India Has Sufficient Domestic Tyre Capacity; Imports Should Not Be Liberalised Through FTAs: ATMA
India Has Sufficient Domestic Tyre Capacity; Imports Should Not Be Liberalised Through FTAs: ATMA India has ample tyre manufacturing capacity, and imports should not be liberalised through free trade agreements (FTAs) with duty concessions, according to the Automotive Tyre Manufacturers’ Association (ATMA). The industry body emphasized that domestic manufacturing capabilities in the automotive tyre sector […]