Electronics Manufacturing Holds Promise for MSMEs: IT Secretary

11 Jul 2024 CW Team

The Secretary of Information Technology emphasised the immense potential for Micro, Small, and Medium Enterprises (MSMEs) in India's electronics manufacturing sector. Acknowledging the sector's rapid expansion and increasing demand for electronics products, he underscored the crucial role of MSMEs in driving innovation, enhancing production capacities, and fostering economic growth.

The electronics manufacturing industry in India has witnessed substantial growth, fueled by initiatives such as the Production Linked Incentive (PLI) scheme and favourable policies aimed at boosting domestic production. These efforts aim to reduce dependency on imports and position India as a global manufacturing hub for electronics.

The IT Secretary highlighted that MSMEs, with their agility and capacity to adapt, are well-positioned to capitalise on these opportunities. He emphasised the need for MSMEs to leverage technological advancements, enhance skill development, and foster collaboration with larger enterprises to scale up operations and compete in global markets.

Moreover, the government is committed to supporting MSMEs through various initiatives, including financial incentives, infrastructure development, and skill enhancement programs. These measures are intended to create a conducive ecosystem that enables MSMEs to thrive in the competitive electronics manufacturing landscape.

In conclusion, the IT Secretary's remarks underscore the transformative potential of electronics manufacturing for MSMEs, encouraging them to seize opportunities, innovate, and contribute significantly to India's economic resurgence in the digital age.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..