Skull and Bones
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Indian Economy-News & Updates
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proud_indian
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If you guyz interested there is a report by NITI Aayog on Electronics policy, shortcomings and suggestions
it's a good read
Electronics Policy Final Circulation.pdf
it's a good read
Electronics Policy Final Circulation.pdf
Nilgiri
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Great find. Thanks a lot.
indo
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Asahi is Japanese company.
proud_indian
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Big market, not so big manufacturing
“Apart from a basket of incentives the government has agreed to dole out, chip manufacturers are also likely to benefit from India’s Preferential Market Access (PMA) policy. They should encourage already existing semiconductor players to set up fabs here. While there are a plethora of engineers having suitable skills, evolving the manufacturing sector remains in limbo” said Dyakar Reddy, an industrialist with 35 years of experi ence.
Design projects have larger dependency on foreign FABs. But the country has no fabs to manufacture chips. Have you ever wondered where these chips designed in India?
Veteran Mahant Shetti, Director of Karnataka Microelectronic Training and Research Centre (KarMic) introduces a bunch of youngsters who according to his words “if examined mentally are found to be very intelligent.”
With the aim of educating poor children who cannot afford higher education, Shetti, in 1989, started a centre at Nesargi village, Belgaum. After their SSLC exams, they either help their fathers in agricultural work or work as daily waged labourers, he said.
KarMic is a training school set up in a small village amidst the cows, vegetable dumps and winding rural roads. A group of young children hailing from rural disadvantaged families of coolies, share croppers and marginal farmers are trained to design integrated chips. There are about 50 students currently undergoing training here.
Manjunath, 23, a fifth year student at Karmic said that he never dreamt that one day he would be sitting in front of computers and sending a mail to his trainer who has gone for a visit to the US regarding a query about the microchip he has designed. Manjunath has managed to leave behind his family’s tradition of being farmers and is now a master in designing chips for companies like Qualcomm and Texas Instruments.
These trainees at KarMic are taught the same fundamentals as Shetti teaches the MTech students in other colleges. They are being trained for three years as part of the Very Large Scale Integration (VLSI) Junior Engineer Course, in which they design integrated chips. “Teaching was transferring how I simplified difficult ideas for myself to deal with them easily – they would represent me in front of my customers,” said Shetti. The alumni of KarMic pay approximately five percent of their yearly salary which helps in continuing the program.
“A rinky-dink experiment in a rural area has produced such a large fraction of analog engineers in India, which highlights the inefficiencies of organized educational institutions,” Shetti said.
The alumni, working in Qualcomm and Texas Instruments, after their graduation and during their program, are recognised as N1, N2 students. Here, N stands for Nesargi and the numbers stands for their year of experience.
The Government of India has of late realized the importance of the Electronic System Design & Manufacturing sector for the growth of the country’s economy as a whole and is taking steps to build a sustainable ecosystem. M N Vidyashankar, President, India Electronic and Semiconductor Association (IESA), said, “In 2015, an US-based chip manufacturing start-up, Cricket Semiconductor entered into an agreement to set up Rs 6,000-crore analog fabrication unit in Madhya Pradesh.” The Union Cabinet in 2014 approved two semiconductor manufacturing facilities, at a cumulative investment of `63,000 crore.
The projects have not taken off. Meanwhile, India is emerging as one of the largest electronics markets in the world, estimated 11 percent global market share in 2015. “To take advantage in this huge economic opportunity and fend off competition, India has to build capabilities that make it self-reliant in this sector,” said Vidyashankar.
http://www.newindianexpress.com/bus...g-manufacturing/2016/08/28/article3600080.ece
It sure is but it won't stop it from Making it In India.
@PARIKRAMA can put some light on the subject here
By Express News Service nie
Published: 28th August 2016 02:45 AM
Last Updated: 28th August 2016 02:45 AM
CHENNAI: IT has always been a dream to have a well-structured electronics manufacturing sector in India. Although many companies are working in design, the country has a long way to go when comes fabrication facilities.Published: 28th August 2016 02:45 AM
Last Updated: 28th August 2016 02:45 AM
“Apart from a basket of incentives the government has agreed to dole out, chip manufacturers are also likely to benefit from India’s Preferential Market Access (PMA) policy. They should encourage already existing semiconductor players to set up fabs here. While there are a plethora of engineers having suitable skills, evolving the manufacturing sector remains in limbo” said Dyakar Reddy, an industrialist with 35 years of experi ence.
Design projects have larger dependency on foreign FABs. But the country has no fabs to manufacture chips. Have you ever wondered where these chips designed in India?
With the aim of educating poor children who cannot afford higher education, Shetti, in 1989, started a centre at Nesargi village, Belgaum. After their SSLC exams, they either help their fathers in agricultural work or work as daily waged labourers, he said.
KarMic is a training school set up in a small village amidst the cows, vegetable dumps and winding rural roads. A group of young children hailing from rural disadvantaged families of coolies, share croppers and marginal farmers are trained to design integrated chips. There are about 50 students currently undergoing training here.
Manjunath, 23, a fifth year student at Karmic said that he never dreamt that one day he would be sitting in front of computers and sending a mail to his trainer who has gone for a visit to the US regarding a query about the microchip he has designed. Manjunath has managed to leave behind his family’s tradition of being farmers and is now a master in designing chips for companies like Qualcomm and Texas Instruments.
These trainees at KarMic are taught the same fundamentals as Shetti teaches the MTech students in other colleges. They are being trained for three years as part of the Very Large Scale Integration (VLSI) Junior Engineer Course, in which they design integrated chips. “Teaching was transferring how I simplified difficult ideas for myself to deal with them easily – they would represent me in front of my customers,” said Shetti. The alumni of KarMic pay approximately five percent of their yearly salary which helps in continuing the program.
“A rinky-dink experiment in a rural area has produced such a large fraction of analog engineers in India, which highlights the inefficiencies of organized educational institutions,” Shetti said.
The alumni, working in Qualcomm and Texas Instruments, after their graduation and during their program, are recognised as N1, N2 students. Here, N stands for Nesargi and the numbers stands for their year of experience.
The Government of India has of late realized the importance of the Electronic System Design & Manufacturing sector for the growth of the country’s economy as a whole and is taking steps to build a sustainable ecosystem. M N Vidyashankar, President, India Electronic and Semiconductor Association (IESA), said, “In 2015, an US-based chip manufacturing start-up, Cricket Semiconductor entered into an agreement to set up Rs 6,000-crore analog fabrication unit in Madhya Pradesh.” The Union Cabinet in 2014 approved two semiconductor manufacturing facilities, at a cumulative investment of `63,000 crore.
The projects have not taken off. Meanwhile, India is emerging as one of the largest electronics markets in the world, estimated 11 percent global market share in 2015. “To take advantage in this huge economic opportunity and fend off competition, India has to build capabilities that make it self-reliant in this sector,” said Vidyashankar.
http://www.newindianexpress.com/bus...g-manufacturing/2016/08/28/article3600080.ece
It sure is but it won't stop it from Making it In India.
@PARIKRAMA can put some light on the subject here
PARIKRAMA
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Yup Asahi is a Japanese company and one of the units is in India called Asahi India Glass or AIG. It has been making glasses for Maruti for almost two decades now..
That's why I said Indian mobile manufacturer in India can use the same company who is already looking at localisation benefits and fit the same in Make In India campaign
proud_indian
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Indian smartphone makers are taking on Chinese manufacturers: Intex
Indian manufacturers with an over 40 per cent share of the market are outperforming their Chinese counterparts who have 27 per cent of the market.
@Nilgiri there is a plan to create the electronics ecosystem in a phased manner
ultimately the goal is to achieve Net Zero Import
Indian manufacturers with an over 40 per cent share of the market are outperforming their Chinese counterparts who have 27 per cent of the market.
By: IANS | New Delhi | Published:August 25, 2016 5:00 pm
The Indian market is very competitive and we are seeing great traction for our devices and are overwhelmed by the response to our innovations across the spectrum, said Keshav Bansal, Director, Intex Technologies. (Representational Image)
At a time when Chinese smartphone makers are targeting tier II and III cities with disruptive pricing and huge marketing spends, Indian manufacturers are not lagging behind, they are seeking to better understand and cater to local consumer needs, says a top executive of Intex Technologies.
Intex forayed into the smartphone market in 2011 and has since played on price in an Indian market that has become aggressively competitive due to the presence of some 50 Chinese firms whose focus has been on smaller cities where they have been gaining ground.
The “India Monthly Mobile Handset Review,” released by the market research firm CyberMedia Research on August 24, put Intex at No. 2, with a 10.4 per cent market share, behind Micromax and Samsung, with 13.6 and 25.5 per cent, respectively.
The Chinese players together however have 27 per cent of the market and have grown aggressively in the previous quarter.
“We have been in the industry for a longer time than most of the Chinese brands. It is healthy competition that works in our favour as we believe that it offers motivation to keep innovating and delivering the best to customers,” said Keshav Bansal, Director, Intex Technologies, which notched up revenues of Rs 6,213 crore in 2015-16.
“The Indian market is very competitive and we are seeing great traction for our devices and are overwhelmed by the response to our innovations across the spectrum,” Bansal said.
While market research firm International Data Corporation (IDC) placed Intex fourth on the basis of shipments in the second quarter of 2016, Counterpoint Research placed the company third.
Both the firms placed domestic manufacturing company Micromax second, pointing to the fact that Indian manufacturers are outperforming their Chinese counterparts. Indian manufacturers together have an over 40 per cent share of the market.
According to Bansal, the channel strategy has always been a vital part of the company’s growth plans and with a strong network of 1,600 distributors, 80,000 retail partners and 1,500 service touch points, the focus is on reaching consumers across the country.
“Intex’s aim is to provide a brilliant experience to the customers with right pricing, strong offline and online distribution, and robust after-sales service. Moreover, aiming to provide the best products to customers, we are now using robot-assisted technology for almost everything at our Noida manufacturing unit,” Bansal emphasised.
Intex has a portfolio of 16 products, ranging from mobile handsets to LED TVs, washing machines, home theatre systems, data cards, networking products, IT accessories, modems and routers.
Talking about the ‘Make in India’ initiative, Bansal said the campaign will prove to be a growth engine for the economy by unleashing the country’s manufacturing prowess.
“The industry expects the country to reduce its dependence on electronics imports by almost 15 percentage points to around 50 per cent by fiscal 2016-17, helping Indian manufacturers gain complete control over product innovation, designing, customisation and overall processes,” Bansal said.
Intex began manufacturing in the country in 2004 from its first factory in Jammu. It currently has five facilities, with another one coming up in Kasna, Uttar Pradesh. The company produces over 20 million phones per annum.
Asked about the hot-selling Aqua series from Intex, Bansal said: “The technology and innovation, large display, great specs and features like fingerprint sensor, curved glass and better viewing experience at a completive price, that has been offered in Aqua series resonates perfectly with our target audience.”
Intex recently forayed into virtual reality, launching a VR Cardboard for Rs 8,999.
“The VR technology is set to explode in India and Intex ‘EYELET’ is the first ‘Make in India’ product that has a Google-certified Cardboard viewer,” Bansal noted.
http://indianexpress.com/article/te...taking-on-chinese-manufacturers-intex2995829/
The Indian market is very competitive and we are seeing great traction for our devices and are overwhelmed by the response to our innovations across the spectrum, said Keshav Bansal, Director, Intex Technologies. (Representational Image)
At a time when Chinese smartphone makers are targeting tier II and III cities with disruptive pricing and huge marketing spends, Indian manufacturers are not lagging behind, they are seeking to better understand and cater to local consumer needs, says a top executive of Intex Technologies.
Intex forayed into the smartphone market in 2011 and has since played on price in an Indian market that has become aggressively competitive due to the presence of some 50 Chinese firms whose focus has been on smaller cities where they have been gaining ground.
The “India Monthly Mobile Handset Review,” released by the market research firm CyberMedia Research on August 24, put Intex at No. 2, with a 10.4 per cent market share, behind Micromax and Samsung, with 13.6 and 25.5 per cent, respectively.
The Chinese players together however have 27 per cent of the market and have grown aggressively in the previous quarter.
“We have been in the industry for a longer time than most of the Chinese brands. It is healthy competition that works in our favour as we believe that it offers motivation to keep innovating and delivering the best to customers,” said Keshav Bansal, Director, Intex Technologies, which notched up revenues of Rs 6,213 crore in 2015-16.
“The Indian market is very competitive and we are seeing great traction for our devices and are overwhelmed by the response to our innovations across the spectrum,” Bansal said.
While market research firm International Data Corporation (IDC) placed Intex fourth on the basis of shipments in the second quarter of 2016, Counterpoint Research placed the company third.
Both the firms placed domestic manufacturing company Micromax second, pointing to the fact that Indian manufacturers are outperforming their Chinese counterparts. Indian manufacturers together have an over 40 per cent share of the market.
According to Bansal, the channel strategy has always been a vital part of the company’s growth plans and with a strong network of 1,600 distributors, 80,000 retail partners and 1,500 service touch points, the focus is on reaching consumers across the country.
“Intex’s aim is to provide a brilliant experience to the customers with right pricing, strong offline and online distribution, and robust after-sales service. Moreover, aiming to provide the best products to customers, we are now using robot-assisted technology for almost everything at our Noida manufacturing unit,” Bansal emphasised.
Intex has a portfolio of 16 products, ranging from mobile handsets to LED TVs, washing machines, home theatre systems, data cards, networking products, IT accessories, modems and routers.
Talking about the ‘Make in India’ initiative, Bansal said the campaign will prove to be a growth engine for the economy by unleashing the country’s manufacturing prowess.
“The industry expects the country to reduce its dependence on electronics imports by almost 15 percentage points to around 50 per cent by fiscal 2016-17, helping Indian manufacturers gain complete control over product innovation, designing, customisation and overall processes,” Bansal said.
Intex began manufacturing in the country in 2004 from its first factory in Jammu. It currently has five facilities, with another one coming up in Kasna, Uttar Pradesh. The company produces over 20 million phones per annum.
Asked about the hot-selling Aqua series from Intex, Bansal said: “The technology and innovation, large display, great specs and features like fingerprint sensor, curved glass and better viewing experience at a completive price, that has been offered in Aqua series resonates perfectly with our target audience.”
Intex recently forayed into virtual reality, launching a VR Cardboard for Rs 8,999.
“The VR technology is set to explode in India and Intex ‘EYELET’ is the first ‘Make in India’ product that has a Google-certified Cardboard viewer,” Bansal noted.
http://indianexpress.com/article/te...taking-on-chinese-manufacturers-intex2995829/
@Nilgiri there is a plan to create the electronics ecosystem in a phased manner
ultimately the goal is to achieve Net Zero Import
Nilgiri
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Indian smartphone makers are taking on Chinese manufacturers: Intex
Indian manufacturers with an over 40 per cent share of the market are outperforming their Chinese counterparts who have 27 per cent of the market.
By: IANS | New Delhi | Published:August 25, 2016 5:00 pm
The Indian market is very competitive and we are seeing great traction for our devices and are overwhelmed by the response to our innovations across the spectrum, said Keshav Bansal, Director, Intex Technologies. (Representational Image)
At a time when Chinese smartphone makers are targeting tier II and III cities with disruptive pricing and huge marketing spends, Indian manufacturers are not lagging behind, they are seeking to better understand and cater to local consumer needs, says a top executive of Intex Technologies.
Intex forayed into the smartphone market in 2011 and has since played on price in an Indian market that has become aggressively competitive due to the presence of some 50 Chinese firms whose focus has been on smaller cities where they have been gaining ground.
The “India Monthly Mobile Handset Review,” released by the market research firm CyberMedia Research on August 24, put Intex at No. 2, with a 10.4 per cent market share, behind Micromax and Samsung, with 13.6 and 25.5 per cent, respectively.
The Chinese players together however have 27 per cent of the market and have grown aggressively in the previous quarter.
“We have been in the industry for a longer time than most of the Chinese brands. It is healthy competition that works in our favour as we believe that it offers motivation to keep innovating and delivering the best to customers,” said Keshav Bansal, Director, Intex Technologies, which notched up revenues of Rs 6,213 crore in 2015-16.
“The Indian market is very competitive and we are seeing great traction for our devices and are overwhelmed by the response to our innovations across the spectrum,” Bansal said.
While market research firm International Data Corporation (IDC) placed Intex fourth on the basis of shipments in the second quarter of 2016, Counterpoint Research placed the company third.
Both the firms placed domestic manufacturing company Micromax second, pointing to the fact that Indian manufacturers are outperforming their Chinese counterparts. Indian manufacturers together have an over 40 per cent share of the market.
According to Bansal, the channel strategy has always been a vital part of the company’s growth plans and with a strong network of 1,600 distributors, 80,000 retail partners and 1,500 service touch points, the focus is on reaching consumers across the country.
“Intex’s aim is to provide a brilliant experience to the customers with right pricing, strong offline and online distribution, and robust after-sales service. Moreover, aiming to provide the best products to customers, we are now using robot-assisted technology for almost everything at our Noida manufacturing unit,” Bansal emphasised.
Intex has a portfolio of 16 products, ranging from mobile handsets to LED TVs, washing machines, home theatre systems, data cards, networking products, IT accessories, modems and routers.
Talking about the ‘Make in India’ initiative, Bansal said the campaign will prove to be a growth engine for the economy by unleashing the country’s manufacturing prowess.
“The industry expects the country to reduce its dependence on electronics imports by almost 15 percentage points to around 50 per cent by fiscal 2016-17, helping Indian manufacturers gain complete control over product innovation, designing, customisation and overall processes,” Bansal said.
Intex began manufacturing in the country in 2004 from its first factory in Jammu. It currently has five facilities, with another one coming up in Kasna, Uttar Pradesh. The company produces over 20 million phones per annum.
Asked about the hot-selling Aqua series from Intex, Bansal said: “The technology and innovation, large display, great specs and features like fingerprint sensor, curved glass and better viewing experience at a completive price, that has been offered in Aqua series resonates perfectly with our target audience.”
Intex recently forayed into virtual reality, launching a VR Cardboard for Rs 8,999.
“The VR technology is set to explode in India and Intex ‘EYELET’ is the first ‘Make in India’ product that has a Google-certified Cardboard viewer,” Bansal noted.
http://indianexpress.com/article/te...taking-on-chinese-manufacturers-intex2995829/
@Nilgiri there is a plan to create the electronics ecosystem in a phased manner
Excellent, I really appreciate the time and effort you put in gathering all of this information
proud_indian
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Excellent, I really appreciate the time and effort you put in gathering all of this information
thanks actually there are few sectors I read a lot about amongst those Electronics is one of them and I follow relevant handles on twitter as well
I started a thread about make in India electronics in India defence section and posted a lot of activity happening in India in electronics but couldn't continue
Nilgiri
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Bilal9
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The ASAHI equivalent of Corning's Gorilla Glass for cellphone and tablet displays is called 'Dragontrail'.
https://en.wikipedia.org/wiki/Dragontrail
I don't know if Dragontrail is locally manufactured in India yet. I am a bit surprised because the local market of cellphones is gargantuan in size. Please post more information if you know.
Last edited:
Nilgiri
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Not manufactured yet in India as far as I know....but could be an option later esp if Corning pursues it to try undercut them.
Gorilla glass (Corning) is currently exploring a full make in india option from some article I read some time back for the smartphone market given they have already opened their fiber plant.
proud_indian
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@Nilgiri @Bilal9
plz focus on the Dates of the articles I am going to post and keyword "Twinstar" and connect the dots.
The Korea Herald > Business > Technology
Samsung Display to replace another LCD plant with OLED operations
Published : 2016-06-30 13:32
Updated : 2016-06-30 17:09
Samsung Display has decided to replace one of its liquid-crystal display plants with organic light-emitting diode panel-making production lines in a move highlighting the firm's resolve to focus on the latter.
This is the sixth such LCD plant that Samsung has shut down or replaced with OLED operations.
Industry sources said on June 30 that the display-making unit of Samsung Electronics will stop the operation of its LCD production line in Asan, South Chungcheong Province, by the end of this year.
It will also sell off its LCD production equipment there to a third party that is widely rumored to be India-based Twinstar Display.
Samsung Electronics CEO and display chief Kwon Oh-hyun
The company used to operate eight LCD plants in Korea until 2008 but the number is now down to three.
The Asan “L7” plant, established in 2005, has a monthly capacity of 320,000 seventh-generation LCD panels that are mostly used for 40-inch TVs. But the demand has been slowing these days due to cheaper panels from Chinese rivals.
News reports said the plant is expected to be renovated for OLED production, possibly for Apple’s new iPhone next year. The company has not yet confirmed the iPhone deal, citing sensitivity of the issue.
In February, the company had already announced plans for the expansion of its A3 OLED plant in Asan but that does not seem to be enough to meet the growing demand in the near future.
Fueled by the planned OLED adoption by Apple’s iPhone, a growing number of new smartphone models are expected to have an OLED display screen in the coming years.
http://www.koreaherald.com/view.php?ud=20160630000681
BUSINESS » INDUSTRY
NEW DELHI, March 20, 2016
Updated: March 20, 2016 22:32 IST
Vedanta Chairman Agarwal’s $10 billion LCD plant to start in 2018
The proposed LCD manufacturing unit will be operated by Twinstar Display Technologies
Vedanta group chairman Anil Agarwal’s USD 10-billion LCD screen plant, which is billed as the country’s first, will start production in 2018.
“Panel FAB is expected to begin by 2018 with full production over the next 10 years subject to external environment,” Agarwal told PTI in an interview. This will be the largest investment made in setting up of an electronics plant in India.
It will be operated by Twinstar Display Technologies and will not fall under any of the Vedanta group companies’ current business ambit.
“The proposed LCD manufacturing unit, the first of its kind in India, will be operated by Twinstar Display Technologies. It is promoted by Volcan Investments Ltd, whose other investments include Vedanta Resources and Sterlite Technologies,” he said.
Agarwal along with his family holds majority stake in Volcan Investments. The company clarified that the LCD plant is Agarwal’s personal investment and not part of his Vedanta group.
“We endeavour to make India a significant export hub of display units with the setting up of Panel FAB,” he said.
At present, all LCD displays used in mobile phones, TV screens and computers are imported.
“India is one of the fastest growing markets for LCD panel based products such as TV, smartphones, tablets, desktops and laptops.
“By 2020, India’s LCD panel import bill is expected to touch USD 10 billion (about Rs 68,000). Panel FAB will not only significantly reduce this but also earn foreign exchange through exports,” Mr. Agarwal said. Vedanta had made commitment to set up the LCD plant at the first Digital India week inaugurated by Prime Minister Narendra Modi in July last year.
“We have made good of the promise we made to the nation during Digital India. We are happy to participate in two of the government’s key initiatives — the ‘Make in India’ campaign as well as ‘Net Zero Electronics import by 2020’,” Mr. Agarwal said.
At the event, industry had committed to invest Rs 4.5 lakh crore with a potential to generate 18 lakh jobs.
Agarwal—promoted LCD firm had signed an agreement with Maharashtra government for the plant.
“Twinstar will invest USD 10 billion spread across five phases. The unit will be operated by Twinstar and not Vedanta.
The project requires about 300 acres of and two locations have been shortlisted so far,” he said. Sterlite Technologies, one of Volcan’s investments, already has optical fibre manufacturing unit in Aurangabad, Maharashtra. “Upon completion, the LCD project will provide direct and indirect employment to over 30,000 people, and contribute 7—10 per cent to Maharashtra’s Industrial Gross Domestic Product,” he added.
While demand for electronic products has been rising in the country, the government’s push for local manufacturing has also increased. The total import of electronics goods during 2012-13, 2013-14 and 2014-15 (estimated) as per figures of Directorate General of Commercial Intelligence and Statistics (DGCIS) were Rs.1.79 lakh crore, Rs.1.95 lakh crore and Rs.2.25 lakh crore, respectively.
The total production of electronic goods based on figures (estimated) provided by electronics industry associations were Rs.1.64 lakh crore, Rs.1.8 lakh crore and Rs.1.9 lakh crore for 2012-13, 2013-14 and 2014-15, respectively.
http://www.thehindu.com/business/In...lcd-plant-to-start-in-2018/article8377857.ece
plz focus on the Dates of the articles I am going to post and keyword "Twinstar" and connect the dots.
The Korea Herald > Business > Technology
Samsung Display to replace another LCD plant with OLED operations
Published : 2016-06-30 13:32
Updated : 2016-06-30 17:09
This is the sixth such LCD plant that Samsung has shut down or replaced with OLED operations.
Industry sources said on June 30 that the display-making unit of Samsung Electronics will stop the operation of its LCD production line in Asan, South Chungcheong Province, by the end of this year.
It will also sell off its LCD production equipment there to a third party that is widely rumored to be India-based Twinstar Display.
Samsung Electronics CEO and display chief Kwon Oh-hyun
The company used to operate eight LCD plants in Korea until 2008 but the number is now down to three.
The Asan “L7” plant, established in 2005, has a monthly capacity of 320,000 seventh-generation LCD panels that are mostly used for 40-inch TVs. But the demand has been slowing these days due to cheaper panels from Chinese rivals.
News reports said the plant is expected to be renovated for OLED production, possibly for Apple’s new iPhone next year. The company has not yet confirmed the iPhone deal, citing sensitivity of the issue.
In February, the company had already announced plans for the expansion of its A3 OLED plant in Asan but that does not seem to be enough to meet the growing demand in the near future.
Fueled by the planned OLED adoption by Apple’s iPhone, a growing number of new smartphone models are expected to have an OLED display screen in the coming years.
http://www.koreaherald.com/view.php?ud=20160630000681
BUSINESS » INDUSTRY
NEW DELHI, March 20, 2016
Updated: March 20, 2016 22:32 IST
Vedanta Chairman Agarwal’s $10 billion LCD plant to start in 2018
The proposed LCD manufacturing unit will be operated by Twinstar Display Technologies
Vedanta group chairman Anil Agarwal’s USD 10-billion LCD screen plant, which is billed as the country’s first, will start production in 2018.
“Panel FAB is expected to begin by 2018 with full production over the next 10 years subject to external environment,” Agarwal told PTI in an interview. This will be the largest investment made in setting up of an electronics plant in India.
It will be operated by Twinstar Display Technologies and will not fall under any of the Vedanta group companies’ current business ambit.
“The proposed LCD manufacturing unit, the first of its kind in India, will be operated by Twinstar Display Technologies. It is promoted by Volcan Investments Ltd, whose other investments include Vedanta Resources and Sterlite Technologies,” he said.
Agarwal along with his family holds majority stake in Volcan Investments. The company clarified that the LCD plant is Agarwal’s personal investment and not part of his Vedanta group.
“We endeavour to make India a significant export hub of display units with the setting up of Panel FAB,” he said.
At present, all LCD displays used in mobile phones, TV screens and computers are imported.
“India is one of the fastest growing markets for LCD panel based products such as TV, smartphones, tablets, desktops and laptops.
“By 2020, India’s LCD panel import bill is expected to touch USD 10 billion (about Rs 68,000). Panel FAB will not only significantly reduce this but also earn foreign exchange through exports,” Mr. Agarwal said. Vedanta had made commitment to set up the LCD plant at the first Digital India week inaugurated by Prime Minister Narendra Modi in July last year.
“We have made good of the promise we made to the nation during Digital India. We are happy to participate in two of the government’s key initiatives — the ‘Make in India’ campaign as well as ‘Net Zero Electronics import by 2020’,” Mr. Agarwal said.
At the event, industry had committed to invest Rs 4.5 lakh crore with a potential to generate 18 lakh jobs.
Agarwal—promoted LCD firm had signed an agreement with Maharashtra government for the plant.
“Twinstar will invest USD 10 billion spread across five phases. The unit will be operated by Twinstar and not Vedanta.
The project requires about 300 acres of and two locations have been shortlisted so far,” he said. Sterlite Technologies, one of Volcan’s investments, already has optical fibre manufacturing unit in Aurangabad, Maharashtra. “Upon completion, the LCD project will provide direct and indirect employment to over 30,000 people, and contribute 7—10 per cent to Maharashtra’s Industrial Gross Domestic Product,” he added.
While demand for electronic products has been rising in the country, the government’s push for local manufacturing has also increased. The total import of electronics goods during 2012-13, 2013-14 and 2014-15 (estimated) as per figures of Directorate General of Commercial Intelligence and Statistics (DGCIS) were Rs.1.79 lakh crore, Rs.1.95 lakh crore and Rs.2.25 lakh crore, respectively.
The total production of electronic goods based on figures (estimated) provided by electronics industry associations were Rs.1.64 lakh crore, Rs.1.8 lakh crore and Rs.1.9 lakh crore for 2012-13, 2013-14 and 2014-15, respectively.
http://www.thehindu.com/business/In...lcd-plant-to-start-in-2018/article8377857.ece
raj76
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हरे कृष्ण हरे कृष्ण,कृष्ण कृष्ण हरे हरे
हरे राम हरे राम, राम राम हरे हरे
29-08-2016
#Economy:India is targeting to increase its bilateral trade with the US to $500 billion from current levels of over $100 billion, in the near term. Sectors like aerospace and defence, banking, financial services and insurance, chemicals, dedicated freight corridors, energy and infrastructure have immense potential not just for domestic growth, but also for strengthening India's position as a global business hub.
#Finance:India's growth may have slowed marginally in the first quarter of the fiscal from the preceding three months but the full year is expected to be better than the last, thanks to consumption boost fuelled by a good monsoon and higher salaries and pensions owing to the 7th pay commission award.
#Sebi has eased restrictions on 201 entities against whom it had taken action in two different cases of alleged misuse of stock market platform for tax evasion and suspected money-laundering activities.
#Mera Bharat mahaan:The I-T Deptt will soon write to over 2.59 lakh taxpayers asking them to avail the one-time dispute resolution scheme to settle their cases. According to I-T deptt data, there were 73,402 appeals with tax effect above Rs 10 lakh and 1,85,858 appeals with tax effect below Rs 10 lakh which are pending before CIT (Appeal) as on February 29. Thus, 2,59,260 appellants are eligible for the benefit of this scheme.
भारत माता की जय
हरे राम हरे राम, राम राम हरे हरे
29-08-2016
#Economy:India is targeting to increase its bilateral trade with the US to $500 billion from current levels of over $100 billion, in the near term. Sectors like aerospace and defence, banking, financial services and insurance, chemicals, dedicated freight corridors, energy and infrastructure have immense potential not just for domestic growth, but also for strengthening India's position as a global business hub.
#Finance:India's growth may have slowed marginally in the first quarter of the fiscal from the preceding three months but the full year is expected to be better than the last, thanks to consumption boost fuelled by a good monsoon and higher salaries and pensions owing to the 7th pay commission award.
#Sebi has eased restrictions on 201 entities against whom it had taken action in two different cases of alleged misuse of stock market platform for tax evasion and suspected money-laundering activities.
#Mera Bharat mahaan:The I-T Deptt will soon write to over 2.59 lakh taxpayers asking them to avail the one-time dispute resolution scheme to settle their cases. According to I-T deptt data, there were 73,402 appeals with tax effect above Rs 10 lakh and 1,85,858 appeals with tax effect below Rs 10 lakh which are pending before CIT (Appeal) as on February 29. Thus, 2,59,260 appellants are eligible for the benefit of this scheme.
भारत माता की जय
anant_s
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There you go India, we hand over WAP 5 to you!
23.05.1995, ABB hands over First WAP 5 to Indian Railways along with ToT. The World Bank funded GP 140 (Global Procurement serial no. 140) project allowed IR to procure 11 WAP 5 (Passenger 4 axles Bo-Bo) and 22 WAG 9 (Freight 6 axle Co-Co).
WAP 5 is a variant of LOK 2000 and the livery chosen for the loco is lovingly called The AGFA livery.
An Indian WAP 5 gets assembled along with SBB (Swiss Railway) LOK 2000 along with BLS Bern Lotschberg Simplon) Re465
The loco shells were shifted from Dandenong (Australia) to Switzerland where electrical works were completed at various European facilities of ABB.
After testing, locomotive were shipped via sea route to Calcutta (now Kolkata).
23.05.1995, ABB hands over First WAP 5 to Indian Railways along with ToT. The World Bank funded GP 140 (Global Procurement serial no. 140) project allowed IR to procure 11 WAP 5 (Passenger 4 axles Bo-Bo) and 22 WAG 9 (Freight 6 axle Co-Co).
WAP 5 is a variant of LOK 2000 and the livery chosen for the loco is lovingly called The AGFA livery.
An Indian WAP 5 gets assembled along with SBB (Swiss Railway) LOK 2000 along with BLS Bern Lotschberg Simplon) Re465
The loco shells were shifted from Dandenong (Australia) to Switzerland where electrical works were completed at various European facilities of ABB.
After testing, locomotive were shipped via sea route to Calcutta (now Kolkata).
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