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Significant growth in auto exports in November: SIAM

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Malaysian electronics industry looks to China, India

Source: Asia Pulse, January 8 2009 www.mbtmag.com

Taking a look back at the Malaysian Electronics Industry in 2008 and its market outlook for 2009. The credit crisis and ongoing economic slowdown across major economies like US, Europe and Japan has impacted the semiconductor industry. There has been considerable slowdown in chip sales as more than half of revenue generated by chip sales is directly dependent on consumer spending. Beginning September 2008, companies have been witnessing reduction in orders, cancellation or slowdown in the active number of order renewals. This is primarily due to slowdown in consumer spending.

Fundamentals are strong, says PM

Source: The Economic Times, January 9 2009 www.ibef.org

Despite the global meltdown, the fundamentals of Indian economy continue to remain strong. This affirmation came from Prime Minister Manmohan Singh himself on Thursday while inaugurating the Pravasi Bhartiya Divas 2009, a congregation of overseas Indians, held for the first time in Chennai. "We expect to achieve a growth rate of about 7% this year, which will be among the highest in the world. Much of India's growth is internally driven and I expect we can maintain a strong pace of growth in coming years," he said.

India can attract more money even today: Montek

Source: Business Standard, January 9 2009 www.ibef.org

In an extended interview, Montek Singh Ahluwalia assesses the state of the world economy and then the outlook for India. The deputy chairman of the Planning Commission argues that there are more financial shocks to come, and that the bottom of the downturn has not yet been reached. Taking what he calls an optimistic view, he anticipates the beginnings of a slow global recovery by the end of the second quarter of calendar 2009. More importantly, Ahluwalia argues that India can attract more capital even in today's world, provided the country retains an open system.

India leads in consumer confidence: Nielsen

Source: IBEF, January 14 2009 www.ibef.org

India leads in consumer confidence as investors have been safeguarded by India's nascent financial markets, reveals the Nielsen Global Consumer Confidence study, conducted by Nielsen, a market research company. Indians are "the most optimistic lot globally who think that their country will be out of the economic recession in the next twelve months," stated the biannual report.

Intel Capital invests $23 million in India

Source: The New York Times,January 14 2009 www.nytimes.com

Intel Capital, the investment arm of Intel Corp., said Wednesday that it will invest $23 million in three Indian companies in areas ranging from online marketing to education. The investment comes as Intel's revenues are shrinking and the global credit crunch has made funding, even to relatively fast-growing countries like India, increasingly scarce.

Significant growth in auto exports in November: SIAM

Source: IBEF, December 11 2008 www.ibef.org

According to data released by the society of indian automobile manufacturers (SIAM), India exported a total of 1,46,337 vehicles In November 2008 compared to the 90,398 vehicles in the same month last year, registering a robust growth of 61.88 per cent. The export growth was led by passenger vehicles, motorcycles, scooters and three wheelers.

Elcot SEZs to attract Rs 25000cr

Source: Business Standard, December 8 2008 www.ibef.org

The proposed IT parks in special economic zones (SEZs), promoted by the Electronics Corporation of Tamil Nadu (Elcot), across seven southern districts of the state are likely to attract Rs 25,000 crore investments. These SEZs are expected to create 540,000 direct and over 1.5 million indirect jobs over the next five years, said Santhosh Babu, managing director, Elcot. The parks are coming up in Salem, Coimbatore, Tiruchy, Chennai, Hosur, Tirunelveli and Madurai. The total land acquired is over 1,800 acre.

ISRO to enhance capacity to meet DTH demand

Source: The Financial Express, December 5 2008 www.ibef.org

With the country’s top direct-to-home (DTH) players, including Dish TV and Tata Sky, planning to expand their channel portfolio, Indian Space Research Organsiation (Isro) has decided to increase its satellite transponder capacity in order to provide communication service to DTH players.

IPCA endorses and supports COMPONEX NEPCON INDIA 2009

Indian Printed Circuit Association (IPCA) the only association representing the interests of the printed circuit board (PCB) industry has endorsed the 15th edition of COMPONEX NEPCON, New Delhi, a business–to–business international trade fair organized by Reed Exhibitions to serve the electronics and Surface Mounting Technology (SMT) industry.

2008 World Electronics Forum starts at New Delhi

The 13th WEF meeting held in Tel-Aviv in November 2007 accepted the offer from India, and decided that the 14th World Electronics Forum meeting will take place in New Delhi during 1-5 December 2008.

Indian SMBs to spend over $6.4bn on Telecom

According to AMI, there would be rising pressure on Indian SMBs to focus on customer relationship management and consequently better customer connectivity tools. Small and medium businesses in India are on track to spend more than $6.4 billion this year on telecom equipment and services, about seven percent more than they did last year, according to a recent study by New York-based Access Markets.

India new PCB hub for European companies

Source: Irma Mehmedovic, evertiq, November 25 2008 www.evertiq.com

PCB producers from Europe are outsourcing some of their PCB production and design to India. The region around Mysore-Tumkum is about to become the PCB hub in India. European companies such as AT&S, CIPSA-RIC India (an Indo-Spanish-Italian joint venture), Ruwel, Würth Electronics are all looking to India for cost efficient manufacturing of PCBs, said Tech-on.

Chidambaram pegs 2008-09 growth rate at 7-8%

Source: The Hindu Business Line, November 25 2008 www.ibef.org

After three years of plus 9 per cent growth in gross domestic product (GDP), India's growth rate in the current year may moderate to a level between 7 and 8 per cent, the Union Finance Minister, Mr P. Chidambaram, said on Monday. Addressing economic editors' conference here, Mr Chidambaram, however, asserted that the country would still be the second fastest growing large economy in the world in the current juncture of global economic slowdown.

Top trends for global/Indian semiconductor industry in 2009

Source: Pradeep Chakraborty’s Blog, December 3 2008 pradeepchakraborty.blogspot.com

Right then, folks! Here are the much awaited top trends for global semiconductor industry for 2009! First, let's start with microprocessors and microcontrollers. One of the most apt persons to answer this query was Jordan Plofsky, senior vice president, Market, Altera Corp., during his recent visit to India for the Altera SOPC Conference.

Global Inc ready to do business with Mumbai

Source: The Economic Times, December 3 2008 www.ibef.org

Will last week's terror attacks in Mumbai push up India's geopolitical risk perception and drive away foreign investors and business travellers? Will India be clubbed with the likes of Afghanistan or Pakistan in the minds of overseas investors? While the massacre, which killed around 200 people, has understandably led to such fears being expressed in some quarters, the view among international risk assessment companies, security experts and overseas businesses of such things happening is a resounding no.

German firms show confidence in India's economic future

Source: IBEF, December 1 2008 www.ibef.org

In spite of the global financial crisis, companies from developed economies such as Germany have shown confidence in India's economic future and are interested in growing their business in the country, as per a survey in Deutsch business magazine Wirtschafts Woche. Further, one in every three survey respondent predicted new momentum in the country's economic growth. Showing faith in India's robust future, around 94 per cent German companies plan to increase their businesses with the subcontinent, the survey stated. The German firms, already doing business in India, are also convinced that the subcontinent will continue to improve as a business location. The survey also showed that majority of the companies hoped for even better infrastructure in the country. Most of the firms voted the air travel and communications as satisfactory.

Telecom services revenue to touch $54 b by 2012 : E&Y report

Source: The Hindu Business Line, December 1 2008 www.ibef.org

India's telecom services industry revenues is projected to reach $54 billion in 2012, as compared with $31 billion in 2008 according to the CII Ernst & Young report titled 'India 2012: Telecom growth continues.' Mr Prashant Singhal, Telecom Industry Leader, Ernst & Young India, said, “The telecom sector has witnessed exponential growth in the past decade. However, the global economic scenario is expected to have a low to medium impact on the overall telecom industry. Despite this scenario, the interest shown by global telecom operators in the domestic market has been very encouraging.”

India witnesses 36 per cent rise in VC investments

Source: IBEF, November 28 2008 www.ibef.org

Venture capital (VC) investments have continued to grow in India and China, despite the global economic slowdown, as both the countries witnessed significant increase in VC investments during the third quarter of 2008.

Indian T&M equipment mkt to grow 30pc in five years

Source: CIOL, November 26 2008www.ciol.com

India has indeed grown to be considered as a good destination for T&M R&D and many of the companies are investing in expanding their R&D operations in the country. Also, in order to satiate the demand from customers for competitively priced products, T&M companies are exploring opportunities to start manufacturing in the country, as that will help in bringing down the cost of manufacturing, eliminate import duties, thus, aiding in lowering the prices of products.

100 million mobile subscribers added in 1 year

India's wireless subscriber base has witnessed a blistering growth of 54 per cent over the past one year by adding over 100 million new users into the bile club.

Electronics Manufacturing Services Providers in India: What does the future hold?

Source: Frost & Sullivan - by: Ashwin T. Ananthakrishnan

The Indian market is observing several changes with respect to its growth in the electronic sector, mainly owing to the extensive investments from various conglomerates, which are currently trying to capitalize on the country’s rapidly growing economy and the huge pool of talent.

ELCINA joins hands with Reed Exhibitions

We are delighted to update you that ELCINA, the Electronic Industries Association of India, the premier industry body join hands with Reed Exhibitions India, the organizers of COMPONEX NEPCON as the ‘Exhibition & Knowledge Partner’.

India – The Economic Bellwether

Grab a slice of this business opportunity at the 15th COMPONEX NEPCON INDIA 2009! India has been one of the best performers in the world economy in recent times, but rapidly rising inflation and the co
Monday, 24 November 2008

Electronics Contract Manufacturing Business to Stay Afloat During Recession

The global electronics contract manufacturing business will not escape the impact of the current economic downturn, but it will continue to expand and even experience a mild rebound in three years.

Recession and Indian IT sector

With the warnings flagging the possibilities for US recession, the analysts got a food for thought. All set to sail the same boat. What will be the out turn of the rest of the economies? How will Indian IT industry and economy react to this slow down?

Global semiconductor industry : India taking the lead

Drop in US consumer spending and the impending market crisis, driven by high energy prices and the subprime turmoil, has started hitting the global semiconductor industry. But the Indian semiconductor industry is taking different path altogether.

Electronics industry in India

The government has identified electronics and IT hardware manufacturing as one of the thrust areas for development.

Slowdown an opportunity for IT growth

The slowdown in the US economy is an opportunity for the growth of the Indian IT industry as companies in silicon valley would outsource its requirements, a technology consultancy firm, Gartner Group, said here today.

EMS is a rapidly growing market in the Indian economy

Let us take you on an informative and interactive journey through the industry. The Electronic Manufacturing System or the EMS is a rapidly goring market in the Indian economy, offering excellent opportunities for global manufacturers and promoting new business opportunities in the country. This issue will facilitate your knowledge about the EMS sector and provide you with valuable insights.