Electronics

South Korean tech giant LG Electronics is making a decisive long-term investment in India, unveiling plans for a Rs. 5,000-crore manufacturing facility in Andhra Pradesh. The new plant, its third in India, is a key component of LG’s broader strategy to bolster domestic production, localize supply chains, and cater to India’s booming consumer market. Alongside this industrial expansion, LG has also filed for a Rs. 15,000-crore IPO of its Indian subsidiary, marking a dual-pronged push to anchor operations and tap capital market growth amid shifting global dynamics.

Tamil Nadu has launched the ambitious "Tamil Nadu Electronics Components Manufacturing Scheme," with an eye on attracting Rs 30,000 crore in investments and generating 60,000 jobs. This initiative is part of the state's broader strategy to strengthen its electronics manufacturing sector, which is already leading in exports. The scheme aims to provide incentives to companies producing electronic components, enhancing Tamil Nadu's position as a key player in India’s semiconductor and electronics industries.

Philips, the Dutch multinational technology company, is forecasting significant growth in India, one of its key markets. With an ambitious double-digit compound annual growth rate (CAGR) forecast of 10-15% over the next few years, Philips aims to significantly increase its presence in the country, expecting it to become one of its top five global markets within five years. The company plans to expand its footprint in various segments, including personal health, med tech, and grooming products.

South Korean conglomerate Daewoo is making its debut in the Indian automotive lubricants market through a strategic partnership with Mangali Industries Ltd (MIL), a prominent player in the petroleum and chemical products sector. This collaboration aims to manufacture and distribute high-performance lubricants for a diverse range of vehicles, including two-wheelers, passenger cars, and commercial vehicles.

The India Electronics and Semiconductor Association (IESA), a key industry body representing the Electronics System Design and Manufacturing (ESDM) sector in India, has appointed Ruchir Dixit as its Chairperson for the fiscal year 2025-26. This announcement reflects the ongoing transformation within India’s rapidly evolving semiconductor and electronics sectors, as the country continues to make significant strides in electronics manufacturing and design.

In light of ongoing market volatility and shifting investor sentiment, LG Electronics has postponed the initial public offering (IPO) of its Indian subsidiary, LG Electronics India Ltd (LGEIL). Originally slated for the second week of May, the company has now decided to delay the offering for at least one quarter. Industry insiders suggest that further delays may occur if market conditions do not improve by August.

Dixon Technologies is expanding its footprint into the electronics component manufacturing sector, capitalizing on India's growing industrial capabilities. The company is set to leverage government-backed incentives, aiming to produce components initially for in-house use and later for global exports. CEO Atul Lal emphasized the company’s plans to manufacture key components such as display modules, camera modules, and lithium-ion batteries.

India’s Electronics Components Manufacturing Scheme (ECMS) is set to move beyond conventional eligibility criteria, with Union Minister Ashwini Vaishnaw urging applicants to establish in-house design teams and embrace Six Sigma quality standards. While not codified as formal prerequisites, these elements will serve as de facto benchmarks for approval under the scheme. The initiative is part of a broader government push to elevate domestic manufacturing capabilities, reduce import dependence, and position India as a hub for precision-engineered electronic components.

In a decisive move to scale its manufacturing operations and align with India’s industrial growth trajectory, Toshiba Energy Systems & Solutions Corporation, through its Indian subsidiary Toshiba Transmission & Distribution Systems (India) Pvt. Ltd. (TTDI), has inked a Memorandum of Understanding (MoU) with the Government of Telangana. The agreement outlines a Rs. 562 crore investment to expand production capacity at TTDI’s Hyderabad facility. The expansion will not only bolster domestic and export capabilities but is expected to create over 250 direct jobs.