Israel-Iran tensions spark oil price worry for India: CEA
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News18
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Iran Intel: US Seeks Talks to "Prepare for War", Israeli Refinery Takes $200M Hit In Missile Strike
Iran will not enter new negotiations with the US under the previous framework or agenda, according to a senior official. The official said that Iran has learnt lessons and therefore demands any negotiations must be consistent with the security realities of the region.'For now, we think the purpose of the negotiations is to disarm Iran to make up for Israel's weakness in the next war,' the official said, as per Press TV. The official added that any new round of talks must include 'serious and practical guarantees' to ensure the process is not a cover for security The Chief of Staff of the Iranian Armed Forces has warned that any renewed US-Israeli 'aggression would be met with an even more devastating response.' The remarks come a day after Iran's top military commanders warned they 'are fully prepared to resume combat from exactly where it stopped.' n18oc_world n18oc_crux0:00 INTRODUCTION2:22 IRAN WARNS EU ON SNAPBACK SANCTIONS3:28 IRAN'S FORCES 'FULLY PREPARED TO RESUME COMBAT' IF…4:26 ISRAEL'S HAIFA REFINERY SUSTAINS $200 MN DAMAGE IN IRANIAN ATTACK6:02 IRAN BOASTS OF 'INTEL PENETRATION INTO ZIONIST REGIME'8:00 IRAN SLAMS ISRAEL'S 'DANGEROUS AGGRESSION' AGAINST SYRIA
India.com
an hour ago
- India.com
China one move put India's Rs 2756892800000 at stake! this industry is in danger due to…
China's latest actions are raising serious concerns for India's electronics industry. According to a letter from the industry body India Cellular and Electronics Association (ICEA) to the Indian government, China's measures can disrupt India's supply chain and weaken its role as a global manufacturing hub. Informal Trade Restrictions By China China has imposed several informal trade restrictions on India which is a threat to India's growing electronics sector. Industry leaders have expressed fears that this could negatively impact exports. India had set a target of $32 billion in smartphone exports by the end of FY2026, but China's tactics can derail this goal. In FY2025 alone, India produced electronic goods worth $64 billion. ICEA, which counts Apple, Google, Motorola, Foxconn, Vivo, Oppo, Lava, Dixon, Flex, and Tata Electronics among its members, warned that these Chinese actions are increasing operational costs for companies and reducing confidence in India's electronics export potential. Why Does China Target India? China's response was after India's rapid growth in electronics exports. Since 2020, India has increased its smartphone manufacturing. In FY2025, India produced $64 billion worth of products and exported $24.1 billion of that. In FY2015, India was at 167th in smartphone exports. Today, it's among the top exporters, with expectations of reaching $32 billion in exports by FY2026. Another major trigger for China is Apple's shift in manufacturing from China to India. Earlier it was dependent on China for iPhone production but Apple has been moving operations to India since 2020 under the Production-Linked Incentive (PLI) scheme. Through partners like Foxconn and Tata Electronics, Apple now manufactures about 20% of its global iPhones in India which has made dragon angry. $155 Billion Target at Risk China's recent moves can hamper India's long-term goal of achieving $155 billion in electronics manufacturing by 2030. ICEA warned that if the current disruptions are not resolved, India's share in global exports will reduce and will make it difficult for them to achieve their target. China's actions are causing operational challenges, higher production costs, and disruption within India's electronics sector. For instance, producing certain components locally and sourcing them from Japan or South Korea is 3 to 4 times more expensive than importing from China.
Time of India
3 hours ago
- Time of India
Domestic companies oppose inclusion of multinational PLI beneficiaries in Class
NEW DELHI: Homegrown telecom gear makers have pushed back against the Central government's notification, which qualifies products manufactured under the production-linked incentive (PLI) scheme as Class 2, potentially allowing global vendors such as Ericsson and Nokia to bid for government-driven projects. The Voice of Indian Communication Technology Enterprises (VoICE) argued that qualification as Class 2 should only be appropriate for products and vendors who have full control over design and manufacturing, in line with the Design-Led PLI Scheme . 'It is concerning that foreign OEMs have long lobbied for Class-II status simply by outsourcing assembly to a PLI awardee in India. We strongly oppose such interpretations, as they dilute the core objective of the PLI scheme—namely, to attract investment, generate high-value employment, and promote genuine local value addition,' RK Bhatnagar, director-general of VoICE, said in a letter to the Department of Telecommunications (DoT). ETTelecom has reviewed a copy of the letter dated July 13, 2025. VoICE represents domestic vendors such as HFCL , STL, Lekha Wireless, Tidal Wave, Tata Consultancy Services (TCS), Centre for Development of Telematics (C-DoT), Amantya Technologies, VVDN, and Coral Telecom, amongst others. In many cases, it said, multinational OEMs benefitting from PLI do not source mechanical or electromechanical components locally, and instead, continue to rely on their global supply chains while 'leveraging the PLI platform to gain market access and Class-II recognition—without contributing meaningfully to domestic capability or economic value'. The latest notification, dated October 21, 2024, outlines the minimum local content requirement, ranging from 50% to 65%, and defines the ceiling for local content, from 15% for low-IP products to 55% for high-IP, software-centric products. VoICE also highlighted that current procurement value-addition metrics in many sectors overemphasise 'local manufacturing or assembly and undervalue domestic IPR contributions', recommending to the DoT that there is an urgent need to revise 'public procurement metrics to explicitly recognise and reward indigenous innovation'. Notably, the government has disbursed incentives of ₹331.86 crore to 18 out of 42 beneficiaries under the telecom PLI scheme, Minister of State for Communications Chandra Sekhar Pemmasani informed Lok Sabha in December last year. Jabil Circuit India led the chart of beneficiary companies with a total incentive of ₹78.62 crore. It is followed by Nokia Solutions and Networks India, which has received incentives of (₹46.92 crore), Tejas Networks (₹32.66 crore), Flextronics Technologies India (₹30.6 crore), Commscope India (₹25.95 crore), NeoLync Tele Communications (₹21.79 crore), Rising Stars Hi-Tech (₹20.33 crore). The Delhi-based grouping also sought the inclusion of products such as 4G and 5G radio and core networks, IP-MPLS routers, and DWDM/OTN systems under the Class 1 category, considering these equipments are now being designed and developed indigenously. VoICE further highlighted that hardware design and software copyright are two important aspects of the overall design cost, noting that their ownership with the Indian entity is a very important criterion to qualify as local content and this should, if required, be strengthened to avoid misuse. This suggestion has, however, been sharply struck down by cloud and software giants. READ MORE | DoT mulls reviewing PPP-MII order, may relax local sourcing requirements 'We recommend including the definition, if required of domestic IPR, IPR ownership certificate and royalty outflow and inclusion of mandatory disclosures by bidders with list of IPRs used in the product (with ownership proof), R&D centre details with manpower and investment in India, support infrastructure locations and capabilities and details of any recurring royalties or brand-related payments,' Bhatnagar said in the letter. By contrast, technology giants such as Amazon Web Services (AWS), Microsoft, OpenAI, Oracle, Salesforce, and SAP, among others, urged the telecom department to exclude software products and services from local content requirements under the Public Procurement (Preference to Make in India) policy, 2017, citing ambiguity in determining local content and impact on investments and job creation. 'Given the inherently global and interconnected nature of software development and deployment, accurately defining and measuring local content presents unique and significant complexities. Accordingly, we strongly recommend excluding software products and services from the scope of local content requirements for participation in public procurement,' Venkatesh Krishnamoorthy, country manager (India), BSA, said in a letter dated July 10, 2025, to Ranjan. The US-based industry grouping argued that software solutions involve global teams, outsourced providers split across geographies, and third-party licensed code, which makes local content calculation 'difficult or impossible'. 'Failing to consider the specific nature of software products and services and how they are developed and simply treating them as other kinds of goods or services creates unnecessary difficulties in the procurement process for both buyers and sellers of software products and services,' Krishnamoorthy said in the letter.
