Presenting the Union Budget this year, when Finance Minister Nirmala Sitharaman announced the adoption of Saptarishi (seven priorities) to guide India through the Amrit Kaal, all of the electronics industry was hoping for a helping hand too. And why not? The electronics and tech markets are still reeling under the Covid-19 pandemic-induced downfall.
Hence, the government’s decision to eliminate import duty on the camera lens and components was taken in good stead, as it will benefit mobile phone manufacturers in India. Electronic Industries Association of India (ELCINA) believes that such exemption should be extended to all other electronic product segments that use camera modules and electronic components.
Highlights
But before going into the nitty-gritty of it, let’s come back to square one and look at the major points of the Economic Survey and Union Budget 2023-24, with an eye on the Electronics System Design & Manufacturing (ESDM) sector:
• Globally, India is the 5th largest economy, and its per capita income has increased by over 2x in the last five years to ₹197,000.
• The domestic electronics industry, as of FY20, is valued at US$118 billion. India aims to reach US$300 billion worth of electronics manufacturing and US$ 120 billion in exports by FY26.
• The major drivers of growth in this industry are mobile phones, consumer electronics, and industrial electronics. India has become the second-largest mobile phone manufacturer globally, with the production of handsets going up from 60 million units in FY15 to 310 million units in FY22.
This story is from the March 2023 edition of Electronics For You.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 2023 edition of Electronics For You.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Smart WATER SERVING ROBOT
With the advent of artificial intelligence, robots find application in various sectors such as industry, homes, bars, restaurants, events, agriculture, and even space.
Multi-Purpose Wire-Loop SECURITY SYSTEM
This multi-purpose security system utilises wire loops to secure items. Wire loops can be employed in various ways for security applications such as luggage security, bike security, bicycle security, room security, and door security.
The Importance Of RADIATION PATTERN OF AN ANTENNA
Look beyond an antenna’s size and gain; its radiation pattern holds the key to its performance. Understanding this can unlock a whole new perspective on wireless communication
"Capitalise On 'CHINA PLUS TWO,' Where Products With Higher Value Addition BECOME THE FOCUS"
EPIC Foundation aims to transform India into an electronics hardware product nation by collaborating with governments, universities, design houses, and startups.
ADDING LOCATION TRACKING To The Wearable Interface Device
Here’s how you can add location tracking, without GPS, to the project for a smartwatch like HID with keyboard and touchpad, which was published in March issue.
"NATUREINSPIRED ADAS ALGOS Will Be MUCH BETTER Than Robotic Paradigm Algos"
Most of the ADASenabled vehicles of today function on algorithms (algos) inspired by robots used in a logistics setup. Can ADAS algos inspired by the human brain and nature be better? In a conversation with EFY's Mukul Yudhveer Singh, Gagandeep Reehal, Co-Founder, CEO & CTO, Minus Zero, illustrates this using the 'sunset mistaken for red light' example, shedding light on where India's Minus Zero is headed!
NEW EV POLICY: Will It Kill More Than Two Birds With One Stone?
With China taking the lead in electric vehicle production and sales in many global markets, can India’s new electric vehicle manufacturing policy encourage champion brands to set up shop in India? Can this policy be the turning point for India’s automobile industry’s bid to go global?
A Device That Enables SELLING UNUSED INTERNET DATA From Your Mobile Network
What if you could sell your remaining mobile data before the end of the month or even daily? Christophe Bureau, a Board Member of DotDot, in a conversation with EFY’s Mukul Yudhveer Singh, sheds light on what the Dot device offers beyond assisting users in selling their unused internet data
"EV INDUSTRY'S In The Compounding Stage Of BATTERY CELL TECHNOLOGY"
As sodium-ion battery packs gain attention in India, does this spell a bleak future for lithium-ion batteries? Furthermore, where does hydrogen stand as a fuel cell and combustion fuel? Dr Yashodhan Pramod Gokhale, CTO of Battrix, weighs in
ASSISTIVE AI: Semiconductor Design, Manufacture, And Workforce
Together, human intelligence and AI create a powerful synergy, highlighting the vital lesson for the semiconductor workforce: adapt to new technologies