INDIA ELECTRONICS INDUSTRY
Use FTAs to build joint ventures, explore investment opportunities: CII President to industry
R Mukundan, the CII President, stressed the crucial role of Free Trade Agreements (FTAs) in fostering joint ventures and enhancing investment prospects. He noted India's resilient economic growth, even faced with global challenges like geopolitical tensions and elevated energy prices. The broadened scope of India's FTAs promises to enrich economic interactions and spur advancements in emerging technologies such as AI and biotechnology.
Healthy eating, GLP-1 trend make air fryers a kitchen staple as sales double
Air fryer sales in India have experienced significant growth, reaching nearly ₹1,000 crore in annual sales. The surge in demand is attributed to a focus on healthier cooking alternatives and falling prices. With the cost dropping from ₹10,000 to ₹4,000, more consumers are adopting air fryers. The popularity of social media cooking videos also plays a role in increasing sales across various regions.
Xiaomi eyes local partners; Electronics firms target AI infra
Xiaomi is looking for local partners as it plans to manufacture home appliances in India. This and more in today’s ETtech Top 5.
HEG Advanced Materials shares gain 5% after subsidiary secures Rs 610 crore incentive under ECMS
HEG Advanced Materials shares rise 5% after subsidiary TACC receives ₹609.50 crore incentive approval under the ECMS scheme for its Dewas synthetic graphite anode project, supporting domestic battery manufacturing, capacity expansion and India's advanced energy storage ecosystem. The first production phase targets commissioning by June 2027.
Local partner wanted for Xiaomi ‘home’ coming
The proposal is in the exploratory phase, but the Chinese technology company is set to begin evaluating potential Indian suppliers, according to one of the persons who did not wish to be identified. “It marks a natural progression for Xiaomi as it has committed to expanding beyond air purifiers into categories such as air conditioners, refrigerators and washing machines,” the person said.
Electronics Inc runs ops update to build AI infra
India’s electronics manufacturers are moving into AI data centre infrastructure, targeting optical transceivers, advanced packaging and specialised cooling systems. Dixon Technologies, Samsung, LG, Blue Star and PG Electroplast are exploring production opportunities as global demand rises. The shift could attract investment, improve margins and strengthen India’s position as an export hub.
PHD Chamber seeks capital gains tax rationalisation, doing away with BCD on feedstock
The PHD Chamber of Commerce and Industry has urged the government to abolish long-term capital gains tax on equity investments, cut short-term capital gains tax to 10% and reduce securities transaction tax (STT) rates in its pre-Budget recommendations for FY28.
Apple to probe deaths of three workers at Tata's iPhone parts factory
Three workers at Tata Electronics factory died due to asphyxiation during maintenance work on a water tank. The incident occurred while the facility was closed for festive holidays, preventing any impact on production. Apple is currently conducting an investigation into the tragic event and its circumstances. Tamil Nadu's Industries Minister emphasized the importance of worker safety and dignity following the incident.
HDFC Defence Fund raises stakes in BEL, BEML, Bharat Forge and 2 others in October
HDFC Defence Fund increased its holdings in BEL, BEML, Bharat Forge, Tata Motors and another stock in October, according to its latest portfolio disclosure. The fund also added three new stocks during the month, taking its total portfolio to 27 stocks. Here's a look at its latest stock additions, sector allocation and performance against its benchmark.
Karnataka clears Rs 6,826-crore industrial investment proposals, 131 outside Bengaluru
Karnataka's State Level Single Window Clearance Committee has approved multiple industrial projects worth Rs 6,825.93 crore. The majority of these projects will be set up outside Bengaluru, promoting regional growth. These projects are expected to generate around 18,600 jobs across various sectors, including IT and food processing. Notable investments include IT parks in Devanahalli and Doddanekundi, attracting significant capital.
South Africa expands Electronic Travel Authorization to Indian travellers
South Africa's Electronic Travel Authorization system now allows online visa applications for 53 countries including India. The new ETA system simplifies the visa process for eligible travellers and their families. Minors can now apply online, enhancing accessibility for younger visitors. The expansion aims to support tourism growth ahead of the ICC Cricket World Cup 2027. The transition from the eVisa system to ETA will be completed by December 1, 2026.
HSBC upgrades India, downgrades China. Here are the sectors it likes now
HSBC has upgraded Indian equities to overweight and downgraded mainland China to neutral, citing improved valuations, stronger credit growth and resilient corporate earnings. The global brokerage favours financials, autos, industrials and consumer discretionary stocks, while remaining cautious on IT, staples and oil and gas amid growth and margin concerns.
Government clears Rs 7,503 crore investments under ECMS in sixth tranche
The latest group of 12 applicants includes manufacturers of up- stream materials such as anode and cathode materials. Together, these companies plan to produce goods worth 182,243 crore at faci- lities across 10 states and employ more than 9,500 workers.
Want only serious players, no place for frivolous applicants in Semicon 2.0: Vaishnaw to industry
On Friday, the government launched the web application portal for Semicon 2.0, which will initially receive applications related to three of the programme's six pillars: machines and materials, fabs, and packaging. Guidelines have so far been issued only for these three pillars, and the portal is now inviting applications for them. Other three areas pertain to design, R&D and talent.
India focused on becoming AI application capital of the world: Ashwini Vaishnaw
India is on a mission to become the global hub for artificial intelligence applications while also enhancing its semiconductor industry. With the launch of the Semicon 2.0 Web Application Portal, only well-prepared semiconductor enterprises will have their applications considered. The government is actively working on a strategy to produce indigenous graphics processing unit chips, alongside other crucial electronic components such as battery cells and copper foils.
India focused on becoming AI application capital of the world: Ashwini Vaishnaw
India is striving to become the artificial intelligence application capital while also focusing on semiconductor manufacturing. The government plans to launch the Semicon 2.0 Web Application Portal to attract serious players in the industry. Union Electronics and Information Technology Minister Ashwini Vaishnaw highlighted the importance of complete applications for participation.
Centre planning to use component scheme to feed chip ecosystem
Investment approvals under ECMS may therefore focus on items like precision-manufacturing equipment such as micro-tools, computer numerical control machines, PCB drills and industrial automation equipment, officials said. The sixth tranche of ECMS investment applications will be announced on Friday.
MSME ministry, Samsung sign MoU to train 1,600 youth in electronics, appliance repair
The MSME ministry has partnered with Samsung India Electronics under a three-year MoU to train youth in electronics, mobile phones and home appliance servicing across 15 Technology Centres. The programme will initially cover 1,600 trainees, offering successful candidates three-month internships with a monthly stipend of Rs 12,000, alongside placement support.
LG Electronics India enters automotive solutions business, plans manufacturing in Andhra Pradesh
LG Electronics India has received board approval to expand into automotive technology and manufacture vehicle solutions. The company plans to develop a range of products including infotainment, telematics, and advanced driver assistance systems. LG Electronics India will invest in phases based on market conditions and technological requirements.
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