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Economic Times
02-07-2025
- Automotive
- Economic Times
Govt eyes August-September start to electronic parts PLI approvals
The government is expected to hand out the first set of approvals under the Rs 22,919-crore production-linked incentive (PLI) scheme for electronic components manufacturing 'in the next two-three months,' by August-September, a senior official told ET. ADVERTISEMENT The scheme has received an overwhelming response, attracting nearly 100 applications for manufacturing various components, from display modules to camera units to battery packs, from both established players and new entrants. A project management agency is likely to be appointed within a month to screen the applications, the official said, adding that approvals will follow soon after. The government is working on a fast-track mode to get the approvals rolling, the person said. The Union cabinet had on March 28 approved the PLI scheme targeted on passive or non-semiconductor electronics components. ADVERTISEMENT 'The response from industry has been good and very buoyant… I can see that many players would be keen to participate in this scheme which will be crucial to build the larger ecosystem,' said Atul Lall, managing director of electronics manufacturing service company Dixon Technologies.'For Dixon, it is a strategic foray and we will be applying. The timeline for applying is the end of July so the project reports and documentation is under preparation,' he told ET. ADVERTISEMENT ET had reported on April 29 that several companies including Dixon, Tata Electronics, Zetwerk and Foxconn are planning to invest through this PLI scheme. 'As India looks to increase the domestic value addition, the component PLI is important,' Josh Foulger, president of Zetwerk Electronics, told ET. 'All the non-semiconductor items which are being considered are essential in the electronics system design and manufacturing (ESDM) space.' ADVERTISEMENT He said the component ecosystem takes time to come into fruition as it involves several aspects like raw materials, specialised processes, of which have to come into play in a streamlined manner. The qualifications of the customers, too, is a long process.'The tenure of all this coming into fruition will be 18-24 months, but it (the scheme) is on the right track and we see a lot of capable people applying, including us, and, more importantly, ecosystem partners coming here to develop the ecosystem and technology,' Foulger through its subsidiary Yuzhan Technology, is also looking to apply under the smartphone display module category, sources had said at the time. ADVERTISEMENT On June 23, Bengaluru-based unicorn Zetwerk told ET it plans to pump in Rs 500-800 crore on manufacturing printed circuit boards (PCBs), enclosures and electromechanical components such as heatsink and the application for the PLI scheme is being prepared, Zetwerk is in talks with companies in Taiwan, South Korea and China for technology partnerships and is eyeing setting up manufacturing plants over the next one Shah, vice-president of research at Counterpoint Research, said the PLI is going to have maximum impact on components which can be assembled or manufactured in India like batteries, camera modules, display modules and others which contribute to a considerable amount of the cost of the devices.'Display and camera module assembly are the low hanging opportunities for India which could see the most traction,' he said. 'Having capabilities in building a manufacturing ecosystem for camera, display, battery, passive components such as resistors, capacitors, inductors would be a good first step alongside matured nodes semiconductor fabs for wafer as well as packaging.'This is the first such scheme to focus on promoting the manufacturing of passive electronic components and would help deepen value addition happening in the country. It is also meant to complement the existing PLI on mobile manufacturing and the India Semiconductor Mission under which six large players including the Tata Group are setting up chip assembly and chip fabrication scheme envisages to attract investment of Rs 59,350 crore, result in production of Rs 4.56 lakh crore, and generate additional direct employment for 91,600 persons besides many indirect electronics and IT minister Ashwini Vaishnaw had said the segment will serve the requirements of several sectors, including telecom, consumer electronics, automobile, medical devices, power sector, etc. 'India has started developing capital goods, machine goods used to make electronic products. Major centres have come up in Pune, Coimbatore, Rajkot, Bangalore. Apple today has 64 suppliers in India,' he had said while announcing the scheme earlier this year.
Time of India
02-07-2025
- Business
- Time of India
Govt eyes August-September start to electronic parts PLI approvals
ETtech The government is expected to hand out the first set of approvals under the Rs 22,919-crore production-linked incentive (PLI) scheme for electronic components manufacturing 'in the next two-three months,' by August-September, a senior official told scheme has received an overwhelming response, attracting nearly 100 applications for manufacturing various components, from display modules to camera units to battery packs, from both established players and new entrants.A project management agency is likely to be appointed within a month to screen the applications, the official said, adding that approvals will follow soon government is working on a fast-track mode to get the approvals rolling, the person Union cabinet had on March 28 approved the PLI scheme targeted on passive or non-semiconductor electronics components.'The response from industry has been good and very buoyant… I can see that many players would be keen to participate in this scheme which will be crucial to build the larger ecosystem,' said Atul Lall, managing director of electronics manufacturing service company Dixon Technologies 'For Dixon, it is a strategic foray and we will be applying. The timeline for applying is the end of July so the project reports and documentation is under preparation,' he told had reported on April 29 that several companies including Dixon, Tata Electronics , Zetwerk and Foxconn are planning to invest through this PLI scheme 'As India looks to increase the domestic value addition, the component PLI is important,' Josh Foulger, president of Zetwerk Electronics , told ET. 'All the non-semiconductor items which are being considered are essential in the electronics system design and manufacturing (ESDM) space.'He said the component ecosystem takes time to come into fruition as it involves several aspects like raw materials, specialised processes, of which have to come into play in a streamlined manner. The qualifications of the customers, too, is a long process.'The tenure of all this coming into fruition will be 18-24 months, but it (the scheme) is on the right track and we see a lot of capable people applying, including us, and, more importantly, ecosystem partners coming here to develop the ecosystem and technology,' Foulger through its subsidiary Yuzhan Technology, is also looking to apply under the smartphone display module category, sources had said at the June 23, Bengaluru-based unicorn Zetwerk told ET it plans to pump in Rs 500-800 crore on manufacturing printed circuit boards (PCBs), enclosures and electromechanical components such as heatsink and the application for the PLI scheme is being prepared, Zetwerk is in talks with companies in Taiwan, South Korea and China for technology partnerships and is eyeing setting up manufacturing plants over the next one Shah, vice-president of research at Counterpoint Research, said the PLI is going to have maximum impact on components which can be assembled or manufactured in India like batteries, camera modules, display modules and others which contribute to a considerable amount of the cost of the devices.'Display and camera module assembly are the low hanging opportunities for India which could see the most traction,' he said. 'Having capabilities in building a manufacturing ecosystem for camera, display, battery, passive components such as resistors, capacitors, inductors would be a good first step alongside matured nodes semiconductor fabs for wafer as well as packaging.'This is the first such scheme to focus on promoting the manufacturing of passive electronic components and would help deepen value addition happening in the country. It is also meant to complement the existing PLI on mobile manufacturing and the India Semiconductor Mission under which six large players including the Tata Group are setting up chip assembly and chip fabrication scheme envisages to attract investment of Rs 59,350 crore, result in production of Rs 4.56 lakh crore, and generate additional direct employment for 91,600 persons besides many indirect electronics and IT minister Ashwini Vaishnaw had said the segment will serve the requirements of several sectors, including telecom, consumer electronics, automobile, medical devices, power sector, etc.'India has started developing capital goods, machine goods used to make electronic products. Major centres have come up in Pune, Coimbatore, Rajkot, Bangalore. Apple today has 64 suppliers in India,' he had said while announcing the scheme earlier this year.
New Indian Express
11-06-2025
- Business
- New Indian Express
Zetwerk Electronics to open new manufacturing facility in Bengaluru; to hire over 2k employees
BENGALURU: Zetwerk Electronics, a part of USD 2.1 billion Zetwerk Manufacturing Businesses, will open its new manufacturing facility in Bengaluru. Over 2,000 employees will be hired in the new facility. On Wednesday, it inaugurated the new facility and said this will enhance Zetwerk's capabilities to serve diverse high-growth ESDM (Electronic System Design and Manufacturing) sectors such as industrials, telecom, auto, consumer durables, and strategic electronics. This will be Zetwerk's eighth facility, and it comes three months after the company inaugurated its largest electronics manufacturing facility near Chennai, which was part of its Rs 1,000 crore investment that was announced earlier. Apart from Bengaluru and Chennai, it has facilities in Noida and Gurugram. This new facility adds to the company's growing network of specialised factories across the country. Josh Foulger, President – Zetwerk Electronics, said, 'This new investment strengthens our ambition to serve high-growth sectors with world-class manufacturing solutions from India."
Time of India
29-04-2025
- Business
- Time of India
Electronics parts PLI draws in Dixon, Tatas, Foxconn & others
Several companies including Dixon, Tata Electronics, Zetwerk and Foxconn are planning to invest through the newly launched production-linked incentive (PLI) scheme for electronic components. Foxconn, through its subsidiary Yuzhan Technology, is also looking to apply under the smartphone display module category, as per people aware of the developments."Foxconn has set up a display module assembly unit in Tamil Nadu which has begun trial runs," one of the people told ET. "They have been waiting for the PLI and are very keen to apply for it as they see this as a great opportunity to deepen their presence in India. They want to replicate the success they got with smartphone assembly across other categories as well." ET was the first to report on September 25 last year that the company, which is Apple's largest contract manufacturer, was looking to pump in about $1 billion to set up a smartphone display module assembly unit near Chennai, which would not only cater to Apple but other clients as well. Tata Electronics is likely to apply for the enclosures category where the company already is a supplier to Apple. However, sources said the company was also evaluating other categories through group companies. Its Indian competitor Dixon too is eyeing various categories. "Dixon has already started investing in display modules which is a category under the scheme," another person said. "A factory is being constructed for the same in Noida where in the first phase it will have 2 million display modules in mobiles which will subsequently be increased to four million." This person added that the company was also evaluating camera modules and lithium-ion batteries and enclosures. Queries sent to Dixon, Tata Electronics and Foxconn remained unanswered as of press time Monday. It isn't just large-scale enterprises but also startups like contract manufacturing firm Zetwerk that are actively evaluating applying for the scheme under various categories. "We are in the process of evaluating the categories carefully," Josh Foulger, president of Zetwerk's electronics business, told ET. "We are on the lookout for appropriate partners who have the right technology and are scalable to help make the process of entering these new categories more seamless. We could look at having the component business as a division within Zetwerk Electronics." Foulger said that the scheme will strengthen the electronic system design and manufacturing (ESDM) ecosystem while making India competitive to serve global value chains.
Time of India
29-04-2025
- Business
- Time of India
Electronics parts PLI draws in Dixon, Tatas, Foxconn and others
Several companies including Dixon, Tata Electronics , Zetwerk and Foxconn are planning to invest through the newly launched production-linked incentive ( PLI ) scheme for electronic components. Foxconn, through its subsidiary Yuzhan Technology, is also looking to apply under the smartphone display module category, as per people aware of the developments. #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" "Foxconn has set up a display module assembly unit in Tamil Nadu which has begun trial runs," one of the people told ET. "They have been waiting for the PLI and are very keen to apply for it as they see this as a great opportunity to deepen their presence in India. They want to replicate the success they got with smartphone assembly across other categories as well." ET was the first to report on September 25 last year that the company, which is Apple's largest contract manufacturer, was looking to pump in about $1 billion to set up a smartphone display module assembly unit near Chennai, which would not only cater to Apple but other clients as well. Tata Electronics is likely to apply for the enclosures category where the company already is a supplier to Apple. However, sources said the company was also evaluating other categories through group companies. Its Indian competitor Dixon too is eyeing various categories. "Dixon has already started investing in display modules which is a category under the scheme," another person said. "A factory is being constructed for the same in Noida where in the first phase it will have 2 million display modules in mobiles which will subsequently be increased to four million." This person added that the company was also evaluating camera modules and lithium-ion batteries and enclosures. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Queries sent to Dixon, Tata Electronics and Foxconn remained unanswered as of press time Monday. It isn't just large-scale enterprises but also startups like contract manufacturing firm Zetwerk that are actively evaluating applying for the scheme under various categories. "We are in the process of evaluating the categories carefully," Josh Foulger, president of Zetwerk's electronics business, told ET. "We are on the lookout for appropriate partners who have the right technology and are scalable to help make the process of entering these new categories more seamless. We could look at having the component business as a division within Zetwerk Electronics." Foulger said that the scheme will strengthen the electronic system design and manufacturing (ESDM) ecosystem while making India competitive to serve global value chains.
