Vaishnaw Launches Portal for Electronics Component Manufacturing

29 Apr 2025 CW Team

Union Minister Ashwini Vaishnaw has launched the guidelines and online portal for the Electronics Component Manufacturing Scheme (ECMS), aiming to bolster India's position as a global electronics hub. Highlighting India's progress from assembling finished products to manufacturing critical components and materials, Vaishnaw stressed the need for Six Sigma quality standards and stronger in-house design capabilities.

India’s electronics production has jumped fivefold over the past decade, with exports growing over six times, driven largely by sectors like mobile phones, laptops, and IT hardware. ECMS is designed as a horizontal scheme, supporting not just electronics but also sectors like industrial, power, and automotive.

A key announcement included Sarvam AI being selected to develop India’s first indigenous AI foundational model, underlining the government’s push towards tech-driven innovation.

The event saw strong participation from government officials, industry leaders, and embassy representatives. ECMS was praised for its hybrid incentive structure — offering turnover- and capex-linked incentives — and for simplifying guidelines to enhance ease of doing business.

The Rs 229.19 billion scheme will run for 6 years, aiming to boost domestic value addition, strengthen supply chains, and integrate Indian manufacturers into global value chains. Applications for ECMS will open on May 1, 2025, via the new portal.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..