LOCALIZATION IN ELECTRONICS INDIA
Centre aims to cut foreign reliance in key power systems by 2029
India is drawing up a roadmap to develop indigenous software and hardware for Supervisory Control and Data Acquisition (SCADA) systems used to monitor and control the power network, as it seeks to eliminate dependence on foreign technology in critical electricity infrastructure. The CEA has proposed developing most software and hardware modules by 2028-29, backed by pilot projects, a dedicated testing ecosystem and government funding.
Rakhi trade: Viksit Bharat, Nari Vandan, BrahMos new themes this year; total business could cross Rs 30,000 crore, says CAIT
This year, rakhi sales are projected to approach ₹25,000 crore, with the overall festive trade, including gifts and apparel, likely surpassing ₹30,000 crore. Many rakhis now celebrate themes such as Viksit Bharat and women's empowerment.
Exports key for mobile brands to maximize Mobile Phone Manufacturing Scheme incentives: Kotak
New mobile phone manufacturing incentives will prioritize export growth for brands. Domestic market growth alone may not meet scheme targets. Exports are seen as the key lever for maximizing incentive payouts. The scheme aims to boost India's global manufacturing competitiveness. It also supports domestic brands in achieving technological sovereignty.
BMW X1 LWB Launched in India: Price, features, engine, interior space and what’s new in the long-wheelbase SUV
BMW has launched the new X1 Long Wheelbase (LWB) in India. The luxury SUV offers significantly more rear cabin space and legroom, along with a 1.5-litre turbo-petrol engine and advanced technology features. It also comes with a panoramic sunroof and a premium Harman Kardon sound system. A range of driver assistance and safety features further enhances the overall driving experience.
PLI 2.0 for mobiles set to reward scale, exports; Dixon a key beneficiary: Motilal Oswal
The government’s new mobile phone manufacturing incentive scheme is set to favour companies with scale, export capabilities and strong domestic supply chains. Motilal Oswal said Dixon Technologies is well positioned to benefit, while higher incentives for incremental sales and domestic sourcing could boost volumes and support greater backward integration across the sector.
ET World Leaders Forum: Chhattisgarh steps up investment push as Red Corridor turns 'safe'
Chhattisgarh and its Bastar region are now completely safe from Maoism, according to the chief minister. Investors are encouraged to establish industries in the mineral-rich state with new policies. Significant investments exceeding ₹8.25 lakh crore have been committed in various core sectors. The government is improving education and providing employment opportunities for the youth. Tourism, including homestays, is also being promoted, especially in Bastar and Sarguja.
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National Space Day: From Chandrayaan-3 to Aditya-L1, how Indian chips are powering its space missions
Made-in-India semiconductor chips are now powering key Indian space missions. These domestically manufactured components support lunar and solar exploration efforts. Specialized chips from Mohali's Semiconductor Laboratory are used in Chandrayaan-3 and Aditya-L1. Indigenous processors are also integrated into satellite launch vehicles for onboard computing. This growing capability strengthens India's technological independence in space exploration.
South Africa targets 1 lakh Indian tourist arrivals in 2026
South Africa is targeting 100,000 Indian tourist arrivals in 2026, up from nearly 70,000 in 2025. It is focusing on younger, experience-seeking travellers while improving visa processes and air connectivity and promoting destinations beyond Cape Town and Johannesburg.
Long-term investing: One reason is good enough, and a must, to own a business. 8 stocks with an upside potential of up to 36%
In today’s world, investors cannot assume that correlations that worked in the past will work in exactly the same manner now. We are in a phase where some old relationships continue to hold, while others get redefined. Geopolitics, fiscal concerns, interest rates, currency movements, and capital flows are all interacting differently across markets, making the larger picture much less straightforward.
The next export story: A $50 billion prize India can't afford to miss
India’s telecom equipment exports remain small at about $0.6-1 billion a year, while imports are four to five times higher. A new NITI Aayog assessment says India could turn this imbalance into an opportunity and become a $50 billion telecom equipment export hub by 2035.
Apple may expand manufacturing in India beyond iPhones
In an effort to bolster its device manufacturing sector, India has launched a new scheme aimed at enticing industry leaders like Apple and Google. The government has put forth a Rs 62,500-crore plan designed to elevate domestic value addition and empower Indian smartphone brands. With notable growth in mobile phone exports, this initiative endeavors to encourage both local sourcing and increased production from global firms.
India-designed mobile phones likely in 10-14 months under MPMS; no place for copycats: Ashwini Vaishnaw
New indigenously designed mobile phones with Indian IP rights will launch in 10-14 months. The government will strictly screen brands, preventing "copycats" from benefiting. Companies must prove ownership of design intellectual property rights for scheme eligibility. The Mobile Phone Manufacturing Scheme aims to boost domestic brands and production. This initiative seeks to establish technological sovereignty and capture greater economic value.
Bain Capital looks to drive into JBM Auto’s EV business with $300 mn bet
Bain Capital seeks significant minority or joint control in JBM Auto's electric vehicle manufacturing unit. The company, among the largest E-bus maker in the country, expects 45% of FY27 revenue from EV biz. Bain may infuse ₹2,850 crore in he JBM unit, according to sources.
Chinese visa impact hits Indian physical AI startups
Beijing's move to refuse visas to Indian executives is also impacting other sectors such as automotive parts and electronics, which have strong business ties with Chinese firms. The visa curbs are being enforced at a critical time when India’s robotics and physical AI space is starting to gain momentum.
ET World Leaders Forum: India set to be a growth market, but companies must up their game
India is poised to be a major global growth market over the next decade, driven by seven structural strengths including economic stability, a reform-oriented policy framework, a large consumer base, and a growing talent pool. The nation's technology and manufacturing sectors are gaining global relevance, supported by a widening trade architecture.
Cross-border trade in local currencies reduces transaction costs: RBI deputy governor
Local currencies will increasingly drive cross-border trade and payments, reducing costs and improving efficiency. Technology will be leveraged across the entire customer transaction chain for digital origination and reporting. India's foreign exchange reserves have significantly grown, and domestic forex market turnover has doubled recently. The market faces challenges with skewed participation and unauthorized online trading platforms operating outside regulations.
Cadence AI cuts chip timelines
San Jose-headquartered Cadence Design Systems provides electronic design automation (EDA) software, hardware and intellectual property (IP) used to design semiconductors, integrated circuits and systems-on-chips (SoCs).
Exicom makes India’s first liquid-cooled EV charger modules
Exicom Tele-Systems is now manufacturing liquid-cooled power modules for EV chargers. This new production facility in Hyderabad will serve global markets, including North America and Europe. The company's move addresses heat challenges in high-power electric vehicle charging systems. Exicom's acquisition of Tritium enhances its liquid-cooled technology capabilities.
Govt approves 31 proposals worth Rs 7,877 crore under electronics component scheme
The approvals are aimed at boosting domestic manufacturing of electronic components and strengthening India’s electronics supply chain, according to the secretary.
'Please take Gyanesh Kumar Gupta to America,' says Congress leader Pawan Khera after Trump invokes Indian electoral system
Congress leader Pawan Khera criticized Donald Trump's remarks on India's election system. Trump cited India's voter identification and electronic voting machines for his proposed legislation. Khera sarcastically offered to send India's Chief Election Commissioner and EVMs to the United States. The proposed SAVE America Act aims to ensure only citizens vote in federal elections. This legislation requires voter identification and restricts mail-in ballots for US elections.
Beyond assembly: Why India may need to move from scale to finesse in manufacturing
India’s manufacturing opportunity is shifting from scale and assembly to deeper capabilities, engineering and innovation.
Rupee slide chips away at ISM outlay
A weak rupee is causing what analysts and industry insiders estimate to be a “net double-digit cost overrun” for businesses relying on imported goods and services, significantly reducing the dollar value of subsidies worth Rs 76,000 crore that were announced in 2021 under the first phase of the India Semiconductor Mission (ISM).
Bengaluru-based chip company Level Five Cartronics seeks OSAT partners in India
The company has held discussions with Indian OSAT companies including CG Semi, and Kaynes Semicon in Sanand, and Suchi Semicon in Surat, as well as government-run Semiconductor Laboratory (SCL), Mohali, and the Tata group, a senior company executive said. LFC plans to use Indian packaging facilities initially and eventually shift fabrication to the upcoming Tata Electronics-PSMC fab. The company’s chips are used in ADAS, infotainment systems, instrument clusters, and electronic control units.
Amber Enterprises to make Oppo, OnePlus, Realme phones in India from March 2027
Amber Enterprises will begin smartphone production for Oppo, OnePlus, and Realme in 2027-28. The company plans to produce eight million units in the first year of operations. Production is expected to scale to sixteen million units in the subsequent year. This move aligns with Chinese brands deepening their asset-light manufacturing models in India. Amber also anticipates margin pressure in its bare printed circuit board business.
India open to more shape, colour in bathware: David Kohler, CEO, Kohler Co.
Bathware giant Kohler plans to invest at least $100 m over the next decade in the country, where it expects bathrooms to evolve with smart technology.
LG Electronics shares jump 5% after robust Q1 earnings. What are Jefferies, other brokerages saying?
In the first quarter of FY27, LG Electronics India showcased impressive profit growth alongside significant operational revenue increases from April to June. The surge stemmed from robust demand for premium products across various categories. Analysts remain optimistic, highlighting the company's solid earnings potential and market stance, bolstered by strategic investments focused on enhancing manufacturing and export capacities.
LG Electronics India Q1 Results: PAT rises 27% YoY to Rs 653 crore; revenue up 15%
LG Electronics India Q1 Results: Household appliances maker LG Electronics India reported a 27.2 % year-on-year rise in profit after tax (PAT) at Rs 653 crore for the first quarter of FY27 (Q1FY27), compared with Rs 513 crore reported in the same quarter of the previous fiscal year.
AI hardware finds new ground in Kochi through SFO Technologies and Smart IOPs
In a groundbreaking partnership, SFO Technologies and Smart IOPS are set to revolutionize AI data storage solutions through specialized hardware manufacturing. By embedding state-of-the-art controller technology into high-performance SSDs, this collaboration exemplifies India's growing tech prowess. The initiative not only enhances the semiconductor industry domestically but also fortifies India's role in the international AI infrastructure landscape.
ISM 2.0 will offer 30% capital subsidy, five-year PLI for chip ecosystem
The PLI will be set at 10% of the domestic bill of materials (BoM) value in the first year, staggered to 8%, 6%, 4% and 2% over the next four years, they said. Total government support will be capped at 50% of eligible capital expenditure. The proposed framework will cover research and development facilities, semiconductor-grade materials, test and characterisation facilities, and the manufacture and assembly of semiconductor equipment, the people said.
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