#field of electronics production by the financial year 2025-26

[magzoso-tech]

New Post has been published on https://magzoso.com/tech/make-in-india-mobile-and-component-manufacturing-said-to-get-special-push-in-budget/

Make in India: Mobile and Component Manufacturing Said to Get Special Push in Budget

In late December, at one of the extensive closed door meetings that the PM has had with various industry vertical heads, a high-profile team representing India’s digital economy outlined with way forward. At the meeting where the PM was most candid asking for real time suggestions to boost growth, he was informed that electronics manufacturing, especially handsets and components, had a good chance of becoming India’s largest exports within the next five years. Industry asked him to follow a path of least resistance.

Sources close to developments revealed to IANS that a special incentive scheme for the manufacture of mobile handsets and components will be unveiled in the Budget to give an additional push to the burgeoning sector.

A Modified Special Incentive Package Scheme (MSIPS) to promote aggressively a 20-odd component manufacturing ecosystem in the country that will go beyond making mobile phones is on the anvil. This will be an overarching policy which goes beyond interest subvention and credit default guarantee and it will be outside the scope of MeitY (Ministry of Electronics and Information Technology) and by an outside department/arm since ministry’s role is that of a policymaker only.

M-SIPS was floated to encourage electronics manufacturing and it ran from 2012 to 2018. It promised multiple incentives for 10 years, including a capital subsidy of 20 percent in special economic zones (SEZs) and 25 percent in non-SEZs, and reimbursements of countervailing duty or excise on capital equipment for non-SEZ units.

For some high-capital projects, it also offered reimbursement of Central taxes and duties. The incentives were available for 29 electronic verticals across the manufacturing value chain. The period of benefits was reduced to 5 years from 10 years after it was recalled.

The M-SIPS was created to provide financial incentives across the ESDM (Electronics System Design and Manufacturing) value chain to compensate for cost disability in manufacturing and Electronics Manufacturing Clusters (EMC).

This sector has shown tremendous promise wherein exports have grown from a mere US $200 million three years ago to cross US $2 billion in the year 2019-20 in handsets alone — a 10x growth in 36 months.

One of the most successful stories around Make in India is mobile handset manufacturing with Noida outside Delhi becoming the new hub. The size of the domestic mobile manufacturing industry in FY 2019-20 is expected to be Rs. 1,35,000 crores as against Rs 94,000 in FY 2016-17. Already, India, which has second position in the global mobile handsets market, is projected to grow to 302 million units this year.

This meeting was part of a series of industry meetings hosted by the PM at his residence in the run-up to the Union Budget to be announced on February 1. It was attended by Manu Kapoor, Samsung, Virat Bhatia, Apple India, Soumitra Bhattacharya, Bosch, and Hari Om Rai, Lava. The industry emphasised that India’s potential for electronics exports was unlimited, especially as labour arbitrage and geopolitical issues were helping the tide in India’s direction.

Only two countries – China and Vietnam – export handsets and components, while 198 countries are net importers. India needs to become the third, beating Vietnam first and then grabbing share from China. India currently suffers a 9-12 percent disability vis-à-vis Vietnam and nearly 18 percent vis-à-vis China as far as handsets and components manufacturing is concerned.

To move manufacturing, especially for the purposes of exports, the government needs to focus on the competitiveness of the sector. The National Policy on Electronics 2019 (NPE-2019) puts the total handsets market at US $190 billion-US $80 billion domestic and US $110 billion exports by 2025-26.

This dovetails perfectly with PM Modi’s aspirational hobby horse — the ‘Make in India’ programme. In October 2018, at a meeting held in Japan, the PM had declared that, “We are rapidly moving towards being Number One in mobile phone manufacturing”. He had expressed a desire for India becoming a global hub in the field of electronics and automobile manufacturing.

Industry remained hopeful about the steps needed to address India’s disability to move it to the next level of production and exports.

The start-up sector also participated in the meeting. Shashank ND of Practo, TVS Mohandas Pai (formerly Infosys, Manipal) and Saurabh Srivastava, Indian Angel Network represented the issues of start-ups. Primary among their concerns was the ability to get bank finance in India for start-ups. It was decided that a meeting of start-ups with leaders of Indian banks will be held shortly and the way forward will be presented to the PMO for taking action.

The software sector in the meeting was represented by CP Gurnani, Tech Mahindra and Rajesh Gopinath, TCS. Tech Mahindra and TCS are among India’s largest exporters of software and over 90% of their revenues come from international markets, such as US and Europe.

[kisan512posts]

Europium -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2025

Europium Industry

Description

Wiseguyreports.Com Adds “Europium -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database

Global Europium Market is accounted for $0.22 billion in 2017 and is expected to reach $0.39 billion by 2026 growing at a CAGR of 6.7% during the forecast period. Rising demand for europium oxide and nitrates for the producing of red and blue phosphors, increase in the demand for flat panel displays and LEDs and growing civil infrastructure are some of the key factors fueling the market growth. However, the research & development comprising higher price and strict government rules are negatively impacting the growth of the market. One of the major opportunities in the market is rise in implementation of europium for latest applications provides ample of opportunities for market growth.

Europium is a rare earth metal & most expensive, largely found in oxide form. It is a part of lanthanide series of elements and separated along with other rare earth elements from bastnasite ores and monazite. It oxidises quickly in air and also most reactive of the rare-earth metals. It has a wide range of applications in the field of metallurgy, consumer electronics, fluorescent lamps, automobiles, flat panel displays and optoelectronic devices. Europium doped plastics are used as laser materials. It is utilized in nuclear reactor control rods due to their neutron absorbing property.

By application, Phosphors segment is anticipated to grow at a largest share in the market due to the rising usage of the product for the manufacture of red and blue phosphors which is widely used in televisions, flat displays and smart phones.

By Geography, Asia Pacific is the largest growing market due to the rising applications of the product in main end-use industries. Countries such as Japan, China and India are expected to growth of the market due to the rising demand for customer electronics.

Some of the key players in Europium market include China Minmetals Corporation, Indian Rare Earth Ltd., Avalon Advanced Materials Inc., Canada Rare Earth Corporation, All-Chemie Ltd., Hastings Technology Metals Ltd, ACI Alloys Inc., Rare Element Resources Ltd., Lynas Corporation Ltd., Neo Performance Materials, Arafura Resources Ltd., American Elements, Great Western Minerals Group Ltd., Baotou Steel Rare-Earth, Xiamen Tungsten, Minmetals Corporation and Molycorp, Lynas.

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Applications Covered: • Catalysts • Metal Alloys • Glass Polishing • Permanent Magnets • Glass Additives • Ceramics • Phosphors • Other Applications

End Users Covered: • Lighting • Healthcare • Metallurgy • Consumer Electronics • Semiconductors • Nuclear Labs • Anti-counterfeiting • Automotive • Other End Users

Regions Covered: • North America o US o Canada o Mexico • Europe o Germany o France o Italy o UK o Spain o Rest of Europe • Asia Pacific o Japan o China o India o Australia o New Zealand o South Korea o Rest of Asia Pacific • South America o Argentina o Brazil o Chile o Rest of South America • Middle East & Africa o Saudi Arabia o UAE o Qatar o South Africa o Rest of Middle East & Africa

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What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements

List of Tables

Table 1 Global Europium Market Outlook, By Region (2016-2026) ($MN) Table 2 Global Europium Market Outlook, By Application (2016-2026) ($MN) Table 3 Global Europium Market Outlook, By Catalysts (2016-2026) ($MN) Table 4 Global Europium Market Outlook, By Metal Alloys (2016-2026) ($MN) Table 5 Global Europium Market Outlook, By Glass Polishing (2016-2026) ($MN) Table 6 Global Europium Market Outlook, By Permanent Magnets (2016-2026) ($MN) Table 7 Global Europium Market Outlook, By Glass Additives (2016-2026) ($MN) Table 8 Global Europium Market Outlook, By Ceramics (2016-2026) ($MN) Table 9 Global Europium Market Outlook, By Phosphors (2016-2026) ($MN) Table 10 Global Europium Market Outlook, By Other Applications (2016-2026) ($MN) Table 11 Global Europium Market Outlook, By End User (2016-2026) ($MN) Table 12 Global Europium Market Outlook, By Lighting (2016-2026) ($MN) Table 13 Global Europium Market Outlook, By Healthcare (2016-2026) ($MN) Table 14 Global Europium Market Outlook, By Metallurgy (2016-2026) ($MN) Table 15 Global Europium Market Outlook, By Consumer Electronics (2016-2026) ($MN) Table 16 Global Europium Market Outlook, By Semiconductors (2016-2026) ($MN) Table 17 Global Europium Market Outlook, By Nuclear Labs (2016-2026) ($MN) Table 18 Global Europium Market Outlook, By Anti-counterfeiting (2016-2026) ($MN) Table 19 Global Europium Market Outlook, By Automotive (2016-2026) ($MN) Table 20 Global Europium Market Outlook, By Other End Users (2016-2026) ($MN) Table 21 North America Europium Market Outlook, By Region (2016-2026) ($MN) Table 22 North America Europium Market Outlook, By Application (2016-2026) ($MN) Table 23 North America Europium Market Outlook, By Catalysts (2016-2026) ($MN) Table 24 North America Europium Market Outlook, By Metal Alloys (2016-2026) ($MN) Table 25 North America Europium Market Outlook, By Glass Polishing (2016-2026) ($MN) Table 26 North America Europium Market Outlook, By Permanent Magnets (2016-2026) ($MN) Table 27 North America Europium Market Outlook, By Glass Additives (2016-2026) ($MN) Table 28 North America Europium Market Outlook, By Ceramics (2016-2026) ($MN) Table 29 North America Europium Market Outlook, By Phosphors (2016-2026) ($MN)

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