Search Result for : Electronics

The Dollar Business Bureau India’s exports from the Special Economic Zones (SEZs) has witnessed an increase of 18% in the month of February this year as compared to the same month last year, on the back of a good growth in the shipments of electronics, non-conventional energy products and tobacco related products. “The SEZ sector in the country has registered 18% growth in exports in February 2018 vis-a-vis the same period in 2017,” according to the latest Exports Performance Report released by the Export Promotion Council for EOUs & SEZs (EPCES).   “In February, the total exports from all the SEZs amounted to Rs.22364 crore as against Rs.18990 crore in the same month last year,” the report said. The major sectors that witnessed a significant ...

The Dollar Business Bureau Salzer Electronics, a leading name in the field of electrical products manufacturing, said on Monday that it is looking at a compound annual growth rate (CAGR) of 15% and aims to become a Rs.1,000 crore firm by 2021, following technology alliances globally and augment the share of value-added products. “We expect Rs.430 crore turnover by FY 18, Rs.520 crore by FY 19 and intend to emerge as a Rs.1,000 crore company by 2021,” R Doraiswamy, Managing Director of Salzer Electronics told PTI. “We believe that revenues from our existing products are expected to grow at a 15% CAGR during this period. Going forward the company’s focus is to achieve profitable growth by adding newer products, which are customised and ...

PTI The UK today imposed a ban on carrying laptops as part of cabin baggage on Britain-bound passenger flights from six Muslim-majority countries, hours after US introduced a similar move citing terrorism concerns. The ban will cover around 14 airlines that operate direct flights from largely Muslim countries Turkey, Lebanon, Jordan, Egypt, Tunisia, Saudi Arabia. The UK restrictions also apply to tablets, DVD players and phones over certain size. "Direct flights to the UK from these destinations can continue to operate to the UK subject to new measures being in place. Travellers are advised to keep up-to-date with the latest FCO [Foreign and Commonwealth Office] travel advice and to check online with their chosen airline for further information," a UK government spokesperson ...

The Dollar Business Bureau The government's approval of a Rs 10,000 crore incentive by March 2018 for electronics manufacturing in India has brought the industry closer its goal of 'net zero imports' in electronics by 2020. This incentive, the government says, will bring employment to as many as three crore people. Consumer Electronics and Appliances Manufacturer Association (CEAMA) has welcomed the move that is likely to reduce India's dependence on imports for many components required in the manufacture of handsets. The apex body of electronics manufacturers in India has shown its whole hearted support for the 'Make in India' vision through its website. It truly believes that with the right kind of duty cuts and manufacturing incentives, India can become a manufacturing power supplying handsets to its population of a billion people. Currently, the ...

The Dollar Business Bureau Directorate General of Supplies and Disposals (DGS&D) has developed Government e-Marketplace (GeM) for the procurement of goods and services by government buyers. This platform would ensure transparency and revolutionise government procurement, Union Commerce and Industry Minister Nirmala Sitharaman said after launching the GeM in New Delhi on Tuesday. The DGS&D, under the Ministry of Commerce and Industry, has developed the portal as a one stop online marketplace for several government departments and procurement agencies for their regular needs. The GeM would offer complete end-to-end procurement system for the purchase of required goods and services by the government buyers. The GeM relieves government offices from time-taking tendering process and also reduces the administrative and transaction expenses. The suppliers and ...

Sharath Chowdary The Telangana government is ready to offer land parcels for various Korean companies to set up their base in the state. The government will work on creating an investment cluster to cater to the basic needs of Korean companies investing in the state, Telangana Industries Principal Secretary Arvind Kumar told The Dollar Business. He was speaking to the media while taking part in the Korean Caravan 2016 in Hyderabad on Wednesday. The Caravan was organised by the Confederation of Indian Industry (CII) in association with the Embassy of the Republic of Korea. Arvind Kumar said, “Last month, Telangana Chief Secretary Rajeev Sharma had proposed to develop an exclusive industrial park for Korean companies, during a meeting with the Union government in New ...

 The Dollar Business Bureau Aimed at bringing in more investment and establish foreign collaboration in fields of Electronics and Information Technology, government is focusing on global IT trade fare -CeBIT 201, being held in Hannover, Germany. CeBIT, being held from March 14-18, 2016, will have Aruna Sharma, Secretary, Department of Electronics and Information Technology (DeitY) as a representative from the Indian side, where she is expected to present a case to woo investors towards Indian Electronic and IT sectors. “Aruna Sharma is leading a government -industry delegation to participate in CeBIT 2016," DeitY reportedly said. The delegation includes key officials from Central & State governments and also key executives from the Information & Communications Technology (ICT) companies. This step is part ...

The Maharashtra government will set up a separate pavilion to showcase 'Magnetic Maharashtra', where meetings will be held with investors Source: PTI Maharashtra expects huge investment in sectors like automobile, electronics, ports and textile.   Maharashtra expects an investment of Rs.4.6 lakh crore across sectors like ports, industries and textiles during the 'Make in India' week starting on Saturday. The summit will be inaugurated by Prime Minister Narendra Modi on Saturday. The state government will set up a separate pavilion to showcase 'Magnetic Maharashtra', where meetings will be held with investors. An official from the Chief Minister’s Office claimed the government expects an investment of at least Rs.4.6 lakh crore as the state industries department is doing “sincere hard work to bring ...