News & Events
Industry news
Jun 05, 2023
The Indian government is planning to approve proposals for semiconductor plants to support the Make in India initiative. This move aims to boost domestic manufacturing, attract investments, and strengthen the semiconductor industry. The government reopened the opportunity for new applications for advanced and well-established technology in the field of semiconductors. This was done through the modified semiconductor scheme.
Jun 02, 2023
The central government will start accepting and considering new applications for semiconductor fabrication plants from new and existing applicants. There are expectations that some current applicants will reapply and new investors will apply, Rajeev Chandrashekhar, the union minister for information technology tweeted. News agency Bloomberg reported citing sources that the Centre is likely to tell the venture between Agarwal’s Vedanta Resources Ltd. and Taiwan’s Hon Hai Precision Industry Co. it won’t get incentives to make 28-nanometer chips. The venture has applied for such assistance, potentially worth billions of dollars, but hasn’t met the criteria set by the government.
Jun 01, 2023
India’s factory output in May expanded at the quickest pace in the last 31 months owing to strong demand and output, while improved optimism led firms to hire at the fastest rate in six months, a private survey showed on Thursday. The Manufacturing Purchasing Managers’ Index, compiled by S&P Global, rose to over a 2-1/2 year high of 58.7 in May from April’s 57.2. Reuters had pegged a drop to 56.5. It remained above the 50-mark separating growth from contraction for the 23rd consecutive month.
May 31, 2023
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, had given approval to introduce the Production-Linked Incentive (PLI) Scheme 2.0 for IT Hardware for Enhancing India’s Manufacturing Capabilities and Enhancing Exports – Atmanirbhar Bharat on May 17, 2023. The scheme was notified on May 29, 2023. The window of applications under PLI Scheme 2.0 for IT Hardware will open from June 01, 2023. The PLI Scheme 2.0 for IT Hardware is expected to result in the broadening and deepening of the manufacturing ecosystem by encouraging the localisation of components and sub-assemblies and allowing for a longer duration to develop the supply chain within the country.
May 30, 2023
Led by locally-manufactured mobile phones, India’s electronics industry saw record exports of electronic goods at an estimated Rs 1,85,000 crore in FY 22-23 — compared to Rs 1,16,936 crore in FY21-22 – marking a whopping 58 per cent increase.
According to data by the India Cellular and Electronics Association (ICEA), mobile phone exports made history by crossing the $10 billion threshold for the first time in any fiscal year, reaching an estimated $11.12 billion (over Rs 90,000 crore) in FY23.
May 29, 2023
As the US looks for an alternative to Chinese products, India’s manufacturing sector has the potential to meet its demands, an Indian-American entrepreneur has said, asserting that American technology and Indian manpower can create another cool economy.
May 28, 2023
The State Bank of India (SBI) on Friday said that gross domestic product (GDP) growth in financial year (FY) 2023 is likely to surpass 7 per cent and the manufacturing sector is all set to rebound. Amid the fear of economic slowdown across the globe, SBI in its eco wrap report added that quarter four (Q4) FY23 GDP growth is at 5.5 per cent. For 2023-24, RBI is projecting GDP growth at 6.5 per cent with Q1 pegged at 7.6 per cent. SBI’s artificial neural network (ANN) model, based on 30 high-frequency indicators from key sectors and tuned/trained to project the GDP numbers forecasts the quarterly GDP growth for Q4FY23 at 5.5 per cent.
May 25, 2023
Chemicals and Fertilisers Minister Mansukh Mandaviya stressed the need to bring innovations in the chemicals sector and said the government is making efforts to set up chemical parks to meet rising domestic demand. The minister was virtually addressing an international conference on Chemicals & Petrochemicals, organised by industry body CII in association with the Department of Chemicals and Petrochemicals, Ministry of Chemicals & Fertilizers. “To meet the rising domestic demand, the government of India is striving towards establishing the global state-of-art chemicals parks with all necessary plug-and-play facilities by providing a sustainable ecosystem to the industries,” Mandaviya said.
May 23, 2023
The newly introduced industrial policy and other ease-of-doing-business initiatives of the state government have boosted investments in the industrial ecosystem. A total of 507 industrial projects have been bagged by Punjab from January to March 2023, of which 318 projects pertaining to the manufacturing sector, 139 to the services sector and 50 are connected with the real estate sector. The robust growth in investments reflects the state’s strong potential and attractiveness for businesses seeking to expand their manufacturing operations.
May 22, 2023
In the fiscal year 2022-2023, India witnessed a decline in its import of electronics products (HS85) from China. The import value decreased from $30.3 billion in FY22 to $27.6 billion in FY23, reflecting a significant slide. Notably, this decline was particularly notable in the electronics sector, where the production-linked incentive (PLI) scheme was operational. Several specific electronics items experienced significant reductions in imports during this period. For instance, imports of solar cells, parts, and related components saw a substantial decline of 70.9 per cent. Similarly, there was a 23.1 per cent decrease in imports of laptops and personal computers and a 4.1 per cent decline in mobile phone imports.
May 17, 2023
Electronics manufacturing major and iPhone maker Apple’s supplier Foxconn broke ground for a production plant near Hyderabad, on which Telangana IT Minister K.T. Rama Rao said the company will be investing $500 million. A greenfield project, the facility will create 25,000 direct jobs in its first phase itself, Mr. Rao announced the groundbreaking at Kongara Kalan, in neighbouring Ranga Reddy, in the presence of Foxconn subsidiary Foxconn Interconnect Technology (FIT) Chairman and CEO Sidney Lu and others.
May 16, 2023
It’s not just retail stores Apple is opening in India. One of the nation’s biggest industrial giants, Tata Group, has joined the world’s exclusive group of iPhone manufacturers and is expected to begin building iPhone 15 and iPhone 15 Plus series devices in India later this year. Beyond smaller components, this is the first time Apple has begun working with an India-based company on iPhone manufacturing at this level.
May 15, 2023
The process to set up Asia’s largest train wheel manufacturing plant is under process. The wheel plant will be set up by a consortium of Titagarh Wagons, and Ramkrishna Forgings. The move is in line with Prime Minister Narendra Modi’s ‘Make In India‘ initiative. This is also a perfect example for ‘Aatmanirbhar Bharat’.
May 12, 2023
India’s Electronics Manufacturing Services Sector to Employ 60 lakh skilled people by FY26: ESSCI
The Electronics Sector Skills Council of India (ESSCI) has revealed in its latest study that the Electronics Manufacturing Services (EMS) sector in India will provide employment to more than 60 lakhs (6 million) people by the end of 2025-26. The council has conducted a comprehensive skill gap study in India’s EMS sector which highlights the growing demand for skilled professionals in the industry and projects the sector’s growth to cross USD 215 billion by FY26.
Union minister Nitin Gadkari on Wednesday said he is in discussion with industry players on the development of economically viable electric highways. The minister for road transport and highways highlighted the need to develop “import substitute cost-effective, pollution-free and indigenous technology”, asserting that sustainable development is the ultimate goal.
May 10, 2023
We live in a world where petrochemical products are integral to modern societies. From the cars we drive to the electronic goods we use to the packaging we need; the importance of petrochemicals is growing even more. Plastics are indispensable in our everyday lives. It is the fastest-growing group of bulk petrochemical materials in the world. As India progresses towards becoming a $5 trillion economy by 2024-25, the share of the petrochemical and its derivatives sector shall become even more prominent, considering that it is the backbone of agriculture, infrastructure, manufacturing, and services
Apr 17, 2023
According to Florent Menegaux, CEO of Michelin, the French tyre brand is considering manufacturing car tyres in India. It would help the company scale up its operations in India. Michelin sees India as a great developing market, where infrastructure is developing at a fast pace. Menegaux believes that with proper infrastructure, the speed of vehicles will increase and the relevance of the brand’s technology will be even more visible. Michelin is looking to invest in the country to boost its passenger car tyre capacity, which is currently limited to premium bigger-size tyres for performance cars and radial tyres for trucks and buses. It has a production facility in Chennai with an installed capacity of over 30,000 tonnes per annum. Michelin also gets 2-wheeler tyres manufactured in the country through a partner.
Apr 14, 2023
Business-to-business (B2B) marketplaces in India are set to clock $125 billion in GMV (gross merchandise value), Avendus Capital said in a report, instilling confidence in the sector that has seen some of the country’s top revenue-grossing unicorns in FY22 (2021-22). B2B marketplaces, as of the calendar year 2022, had a GMV of about $20 billion, which grew almost 100 per cent over 2019 on a CAGR (compounded annual growth rate) basis, according to the report. Now in the next five years, it is expected to grow at 45 per cent CAGR, the report showed. Moreover, tech penetration in the B2B marketplaces is expected to deepen to 5 per cent by 2027 from under 1 per cent currently.
Chinese smartphone maker Vivo will invest Rs 1100 crore more by 2023-end to expand its annual local production capacity to support local and export requirements and will also make its new 169-acre manufacturing facility operational by early 2024, a senior executive said.
Recent advancements in mRNA cancer vaccines have highlighted the potential of personalised medicines, but this brings unique challenges in production and scale-up. Here, James Zaremba, sales director at automation specialist COPA-DATA, explains how specialised software can help to navigate the complexities of this new generation of pharmaceutical manufacturing. Messenger RNA (mRNA) is an underpinning part of vital biological processes, but interest is growing in its potential therapeutic applications. mRNA was the foundation of the most profitable and important vaccines to date — the ground-breaking COVID-19 vaccines — and now attention is turning to how this technology can treat other diseases.
India’s electric vehicle sales crossed the one million-unit mark in FY22-23. According to the latest data from the Society of Manufacturers of Electric Vehicles (SMEV), the overall EV industry registered sales of 1,152,021 units including e-buses, e-cars, e-three-wheelers, and e-two-wheelers in FY 2023. This is up from 726,861 units sold in FY21-22, up 58%.
Apr 10, 2023
ndian manufacturers are less optimistic about demand conditions in April-June 2023, showed a Reserve Bank of India (RBI) survey. This reduced optimism is reflected in manufacturers’ lower expectations on production, order books, capacity utilisation and foreign trade, the Industrial Outlook Survey on the Manufacturing Sector for Q4, 2022-23 showed. The net responses on the overall business situation moderated to 58.3 per cent in the first quarter of 2023-24 from 63.1 per cent in the last quarter of FY23.
Apr 07, 2023
Up to 150,000 new jobs in mobile manufacturing are expected to be created in the country this fiscal as leading companies ‘scout’ for manpower to meet their current requirements and expansion plans. Top handset manufacturers and makers of associated devices are planning large-scale hiring in the country, driven by the global shift to manufacture beyond China and the Indian government’s production-linked incentives (PLI) scheme, according to staffing companies including TeamLease, Randstad, Quess and Ciel HR Services.
Apr 06, 2023
Local value addition in wearables and hearables manufacturing is set to increase with India’s major smartwatch and headphones makers such as Dixon Technologies and Optimus Electronics starting making printed circuit boards (PCBs) for their customers. The wearables segment has seen rapid growth, clocking 46.9% year-on-year growth in 2022 as shipments reached 100 million, as per IDC India.
India’s manufacturing PMI hits a three-month high of 56.4 in March
India’s manufacturing sector posted a remarkable performance at the end of the final fiscal quarter, as the growth of factory orders and production quickened to the strongest in three months. With pressure on supply chains subsiding and raw material availability improving, input cost inflation retreated to its second-lowest mark in two-and-a-half years. Subsequently, goods producers concentrated on rebuilding their stocks.
Apr 04, 2023
Commerce minister Piyush Goyal recently said that Apple has a target of moving 25% of their phone manufacturing to India. Several global electronics companies (from consumer electronics to aerospace) have embarked on a China+1 and even a China replacement strategy for manufacturing. Hence, India has witnessed significant interest from global companies in electronics manufacturing. In addition, India’s domestic demand for consumer electronics/appliances is seeing significant growth and is expected to touch USD 21.18 billion by 2025 (from USD 9.8 billion in 2021).
ICRA projects its sample of 44 auto ancillaries with aggregate annual revenues of over R$ 2,50,000 crore to grow by 5%-8% in FY2024, driven by healthy domestic demand, despite a high base and weak export environment. ICRA expects EV opportunities, premiumisation of vehicles, focus on localisation, improved export potential, and regulatory norms changes to translate into healthy growth for auto component suppliers over the medium to long term.
Planning to buy an e-vehicle? You could expect some goodies to come your way. The state has come out with a government resolution to set up a panel to offer incentives to prospective buyers of electric vehicles (EV) in the state in the coming months, under the Electric Vehicle Policy, 2021. Sources said that the aim is to encourage more registrations of EVs across Maharashtra, with the population already touching 2.4 lahks. Mumbai has 22,000 electric vehicle registrations.
Mar 29, 2023
The Ministry of Electronics and Information Technology (MeitY) has constituted a nine-member task force to make India a ‘product developer and manufacturing nation’. The move marks another step in the country’s efforts to position itself as an alternative to the likes of China and Vietnam. The task force will be chaired by the additional secretary (MeitY), Bhuvnesh Kumar with the joint secretary (electronics), Amitesh Kumar Sinha as the member convenor.
Union road, transport and highway minister Nitin Gadkari said that if India can use recently discovered lithium reserves in Jammu and Kashmir, it will become the world’s number one automobile manufacturing country. Addressing an event organised by industry body CII, Gadkari said there is a need to encourage public transport, and electric buses are the future. India has beaten Japan to become the third largest vehicle market in 2022 after China and the USA. According to Gadkari, India’s automobile industry is presently worth Rs 7.5 lakh crore, and the sector’s contribution to the overall GST revenue is maximum.
The Production Linked Incentive (PLI) schemes, being implemented by the government with an outlay of ₹1.97 lakh crore for a period of 5 years starting from 2021-22, have the potential for creating 60 lakh new jobs. The Centre’s projections say the minimum production in India as a result of PLI schemes is expected to be over US$ 500 billion in 5 years.
Mar 23, 2023
Micro, small and medium enterprises (MSMEs) coming up in Purvanchal and Bundelkhand regions of UP will be eligible for 100% exemption on stamp duty and so would be incentives for women entrepreneurs who get into manufacturing in the state. Releasing the key exemptions being offered under the UP MSME Promotion Policy 2022, the government announced that the state has been divided into five regions to encourage entrepreneurship in the manufacturing sector and will provide subsidies under various slabs.
Mar 21, 2023
Indian government has announced the locations of the seven mega textile parks under the PM Mega Integrated Textile Regions and Apparel (PM MITRA) scheme recently. The decision has been hailed by Indian textile industry organisations as an important step to scale up textile production. The industry bodies anticipate that the move will not only attract foreign and domestic investment but also strengthen India’s position in the global textile sector.
Mar 20, 2023
Union Minister of State for Electronics and IT Rajeev Chandrasekhar said that the government is aiming to increase electronics manufacturing capability to ₹24 lakh crore by 2025-26. He said the initiative would create 10 lakh jobs. Minister said the country is today at an inflection point – the most exciting period in its history – and the present generation of students is the luckiest generation in independent India’s history.
Mar 17, 2023
Under the production-linked incentive (PLI) scheme, the government has approved another tranche of financial incentives worth Rs 765 crore for electronics manufacturing, according to a report in the Economic Times.
Wistron, Apple’s contract manufacturer in India will receive the majority of the funds approved. It will receive Rs 601.93 crore of the total Rs 765 crore.
Mar 16, 2023
Leading the trend and adapting to the growing market needs of the automotive sector, TVS Apache, a brand of Brakes India, has launched ZAP brake pads with advanced friction technology for electric vehicles. Boasting enhanced corrosion protection and quiet braking, ZAP is specifically designed and formulated to suit the requirements of electric vehicle customers
Mar 15, 2023
The government has approved another tranche of a production-linked incentive (PLI) scheme worth Rs 765 crore for electronics manufacturing, with a big chunk directed to Wistron, according to an Economic Times report. Wistron is Apple’s contract manufacturer in India. It will receive Rs 601.93 crore of the total Rs 765 crore. Dixon Technologies’ unit Padget will receive Rs 149.63 crore. AT&S, Shogini, and Alcon Electronics will receive incentives worth Rs 7.58 crore, Rs 3 crore, and Rs 2.40 crore, respectively.
Mar 14, 2023
Commerce and industry minister Piyush Goyal on Monday said that India’s goods and services exports will cross $750 billion in the financial year 2022-23, and that country is expanding rupee trade with several countries, many of which are at an advanced stage of dialogue and finalisation.
Mar 13, 2023
People buying new cars are getting the second key after months of wait. Costs of electronic goods and computer components have shot up. And all this is because of a shortage of a chip that costs hardly a few dollars. Not only could India help such issues never crop up, the country could also realise its long-nurtured dream of becoming a hub for electronics goods. And it could also help bridge the global demand-supply gap in semiconductors.
Mar 10, 2023
To help India’s manufacturing sector, the government is working to introduce quality standards on a larger scale, said Union Minister Piyush Goyal. He was speaking at Massmerize 2023, organised by the Federation of Indian Chambers of Commerce and Industry (FICCI). India is going to see more consumer demands driven by sustainability, opined the minister.
Mar 09, 2023
Mexico is seeking investments and technological collaborations with Indian drug makers in a bid to bolster its pharmaceutical industry and reduce dependency on imports for critical drugs and vaccines. “We learnt a lot during the pandemic. We realised that we can’t have a dependency on companies in the developed world,” Mexico’s foreign secretary Marcelo Ebrard told ET.
Mar 08, 2023
Taiwanese multinational electronics contract manufacturer Foxconn (Hon Hai Precision Industry Co. Ltd), known for manufacturing iPhones, will set up a manufacturing facility in Telangana’s Kongara Kalan, in Ranga Reddy district. Foxconn Technology Group Chairman Young Liu met Telangana CM K Chandrashekhar Rao on March 2 in Hyderabad, where it was agreed that the company would set up an electronics manufacturing facility, with an employment generation potential of over 1 lakh. This announcement comes after Karnataka Chief Minister Basavaraj Bommai said that Foxconn would invest in the state, which would create up to 1 lakh jobs in the state. An MOU was also signed in the presence of CM Bommai on Friday, and 300 acres of land was identified in Doddaballapur and Devanagalli taluks near Bengaluru International Airport.
Mar 06, 2023
India’s chemical industry currently valued at around $220 billion, is expected to touch $300 billion by 2025 and reach the $1 trillion mark by 2040, fuelled by growth in per capita income and consumption levels said Arun Baroka, Secretary, Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers at the Indian Chemical Council’s conference.
Mar 03, 2023
Union MSME Minister Narayan Rane announced the launch of FIRST, the Forum for Internet Retailers, Sellers, and Traders. The aim of FIRST is to create awareness and support MSMEs across India on the opportunities that will help them go digital and become self-reliant. Over 17,200 enterprises based in India across the retail, trade and commerce sector, selling goods and services, have registered with the Forum.
Mar 02, 2023
India’s aspirations of attaining developed nation status and becoming the world’s third-largest economy by 2047 hinge on the rapid scaling up of its manufacturing sector to meet global demand. However, the investment required to achieve this is nothing short of staggering, given India wants to raise the size of its manufacturing sector to $1 trillion over the next few years.
India is now projected to become the third most sought-after manufacturing destination globally by 2025 and to add over $500 billion to the global economy annually.
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Jan 31, 2023
Company news
May 30, 2023
Capximize India participated in the Maharashtra Industrial Expo – MahaIndX, CIDCO Exhibition Center, Navi Mumbai on 01, 02, 03, Jun’23
We Thank all of those who visited us at the stall A-34.
May 30, 2023
Capximize India participated in the Electric Expo 2023, from 02 Jun’23 to 04 Jun’23
We thank all those who visited us at the Stall No. 3o.
Apr 30, 2023
Capximize India participated in the Auto Cluster Exhibition Center, Chinchwad, Pune, on 25, 26, 27, 28 May’23
We thank all of them who We are in Stall No. 10 of Hall A.
Event: Globe Tech Engineering Expo
Mar 30, 2023
Capximize India participated in Screen Print India’s GARTEX texprocess zone between 11 & 13 May’23
Thank you for Visiting us at Booth O-15 for GARTEX texprocess on 11 / 12 / 13 May 2023 at the Jio World Convention Center, Mumbai
The summit was organised by Screen Print India!
Mar 30, 2023
Capximize India participated in Elcina’s Supply Chain Summit 2023 on 21st April 2023
Mar 16, 2023
Capximize India participated in India Electronics Expo 2023
Mar 20, 2023
Capximize has conducted a Seminar on 29-March-2023 in Vapi along with HDFC!!!
Feb 21, 2023
Capximize India – Innovative Start-up
The jury members of BIA – Bombay Industries Association have awarded Capximize as
“MOST INNOVATIVE START-UP OF THE YEAR” award during their 75th foundation day held in Mumbai.
The award was given at the hands of Ex Governor of Northeastern States: Shri.Padmanabha Balakrishna Acharya.
Mar 06, 2023
World Textile conference
It was a pleasure for Capximize India at the World Textile Conference which was organised at Ahmedabad on 25th and 26th of February 2023.
Mar 06, 2022
Pharma Live Expo
We participated in the Pharma Live Expo 2023 in Mumbai. The expo was organised by IDMA. The dates of the Expo were 01 / 02 / 03 March 2023.
We received an over whelming response, especially from many Capximizees abroad!
Nov 16, 2022
