
Industrial electronics key to India's $500 bn manufacturing vision: ICEA
Accordingly, ICEA said industrial electronics must be front and centre of India's electronics growth strategy. ICEA, in the release, called for "the urgent need to prioritise industrial and infrastructure electronics as a central pillar of India's USD 500 billion electronics manufacturing target by 2030-31". Pankaj Mohindroo, Chairman of ICEA, stressed that the industrial electronics segment must be recognised as a national strategic priority.
"It is the brain and nervous system of every advanced manufacturing setup. Without leadership in industrial automation, India cannot claim true manufacturing leadership," he said. Mohindroo noted that industrial electronics has massive potential for high-skilled employment, particularly in areas such as embedded systems, automation software, robotics, and AI-integrated systems. India must invest in talent pipelines, research and development and incentives to grow this sector, ICEA said, adding that the country should aim to become not just a user of industrial electronics, but a global design and manufacturing hub for it.
Manish Walia, VP at Delta Electronics, believes the industrial electronics forms the technological backbone of modern manufacturing infrastructure, powering smart factories, robotics, intelligent grids, automated systems, and future-ready transport and logistics networks. ICEA is spearheading efforts to craft a dedicated policy and strategic roadmap for industrial electronics through its Steering Committee on Industrial Electronics and Infrastructure, in close collaboration with the government and leading industry stakeholders.
The steering committee has senior executives from Delta Electronics, Infineon Technologies, Festo, Fanuc, Rockwell Automation India Pvt. Ltd, Feedback Advisory and Federation for Economic Development. PTI
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


NDTV
an hour ago
- NDTV
South Korea Is Offering A Workation Visa For Indians But There's A Catch
If you have ever dreamed of sipping coffee in Seoul while sending emails to your boss back in India, South Korea's F-1-D Workation Visa - also called the Digital Nomad Visa - might just be your ticket. Launched on 1 January 2024, as a pilot project, this visa allows remote workers to live in South Korea for up to two years while working for companies based outside the country. The catch? It's not for everyone - the eligibility rules and income requirements are strict. But if you meet them, you could spend the next year (or two) working from the Land of the Morning Calm. The Digital Nomad Visa The F-1-D visa is issued for 1 year initially and can be extended once for another year, allowing a maximum stay of 2 years. The processing time is around 10-15 days, although in some cases it can take a little longer. Applicants need to show an annual income exceeding USD 66,000 (roughly Rs 58 lakh) - which is about twice South Korea's per capita Gross National Income. The Eligibility To apply for the digital nomad visa, you've to be: Be at least 18 years old Have at least 1 year of experience in your current industry Be employed by a company outside South Korea or own an overseas business Only work remotely - you cannot take up employment with a South Korean company or do profit-making activities in the country Have your employer's approval to work remotely from overseas Medical insurance is mandatory and must cover at least Rs 83 lakh for medical treatment and repatriation. The cover must be valid for your entire visa period. Documents Needed For Indian Applicants If you are applying from India, you'll need: Visa application form (Form No. 17) with passport photo Passport with at least 6 months validity Employment verification letter stating your role is remote, for at least 3 months in South Korea Proof of income - at least two of the following: employment certificate, salary slips, 3 months' bank statements, Income Tax Return, or pay stubs Indian criminal record certificate (issued within 6 months, apostilled or notarised by the Korean Embassy) Criminal records from any other country you've lived in for 1+ years in the past 5 years Medical insurance certificate meeting the coverage criteria Where And How To Apply Indians can apply at South Korean embassies or consulates in New Delhi, Mumbai, Chennai, or Kolkata. If you are already in South Korea on a tourist visa (B-1, B-2, or C-3), you can apply at local immigration offices. Here's a step-by-step process: 1. Check eligibility - income, age, work type, and experience 2. Gather and translate documents into English or Korean; apostille Indian documents 3. Schedule an appointment at the nearest Korean embassy/consulate (some accept walk-ins) 4. Submit the application with the visa fee (around USD 45) - your passport will be held during processing 5. Wait for processing (10-15 days, no express service) 6. Once approved, enter South Korea within the visa validity and apply for an Alien Registration Card (ARC) within 90 days Btw, spouses and children under 18 can join you. You'll need marriage and birth certificates (apostilled if issued outside Korea) along with company or school letters confirming work or leave arrangements. Remember, The F-1-D visa does not lead to permanent residency in South Korea. Once your 2-year period ends, you must leave or switch to another eligible visa category. Bottomline For well-earning Indian professionals and entrepreneurs who want to experience life in South Korea without giving up their existing jobs, the Workation Visa is a golden opportunity. The high income threshold will keep it exclusive, but for those who qualify, it's a chance to blend work and travel in one of Asia's most dynamic destinations.


Economic Times
an hour ago
- Economic Times
Committed to move forward in ties with US based on mutual respect, shared interests: India
Despite recent trade tensions with the US, India expresses optimism for continued bilateral relations based on mutual respect and shared interests. The robust India-US defense partnership remains a crucial element, with a significant military exercise planned for August in Alaska. India dismissed the US State Department's human rights report, citing its biased assessment and misunderstanding of India's democratic framework. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India on Thursday hoped that its relationship with the US will continue to move forward based on mutual respect and shared interests, in remarks that came amid strain in ties between the two countries following President Donald Trump slapping 50 per cent tariff on Indian Affairs Ministry spokesperson Randhir Jaiswal also said that the India-US defence partnership remains an important pillar of the ties, adding an important military exercise between the two sides is scheduled for August."We remain focused on the substantive agenda that our two countries have committed to and we hope that the relationship will continue to move forward based on mutual respect and shared interests," he was responding to questions on the future of India-US relations at his weekly media briefing."India and the United States share a comprehensive global strategic partnership anchored in shared interests, democratic values and robust people-to-people ties. This partnership has weathered several transitions and challenges," he ties between India and the US are reeling under some strain because of Trump's tariff imposing a reciprocal tariff of 25 per cent on India, Trump slapped an additional 25 per cent duties on Indian goods for its continuing purchases of Russian crude the last few months, India and the US held several rounds of negotiations for a bilateral trade deal but it could not be sealed in view of sharp divergences in certain critical areas including agriculture and bilateral trade between India and the US was around USD 130 billion last year and there was a projection of upward mobility in the said the India-US defence relations remained defence partnership, "underpinned by foundational defence agreements", is an important pillar of the bilateral partnership, he robust cooperation has strengthened across all domains, he noted."We are expecting a US Defence Policy Team to be in Delhi in 21st edition of the joint military exercise 'Yudh Abhyas' is also expected to take place later this month in Alaska," Jaiswal said."Both sides remain engaged to convene the 2+2 Inter-sessional meeting at the working-level towards the end of the month," he added."As far as the question of defence acquisition is concerned, the procurement processes continue as per established procedures," Jaiswal said, rejecting reports that India has paused purchases of military hardware from the a separate query on the US state department's annual human rights report criticising India, he said such reports are a "mix of imputations, misrepresentations and one-sided projections that demonstrate a poor understanding of India's democratic framework, pluralistic society and robust institutional mechanisms for protecting human rights.""We do not attach any credence to such biased assessments. We remain focused on advancing human rights for our people through inclusive governance and development," he said.


Time of India
2 hours ago
- Time of India
India Exim Bank projects merchandise exports to amount to USD 108.1 bn in Q2 of FY26
New Delhi, Export-Import Bank of India ( India Exim Bank ) forecasts total merchandise exports to amount to USD 108.1 billion, a growth of 4.5 per cent, while non-oil exports are forecast to amount USD 92.1 billion, with a growth of 5.2 per cent, during July-September of FY26. Independence Day 2025 Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji gave India its own currency Swadeshi 2.0: India is no longer just a market, it's a maker Non-oil and non-gems and jewellery exports are forecast to amount USD 82.7 billion, with a year-on-year growth of 2.3 per cent, during the second quarter, India Exim Bank said in a statement. Growth in India's exports could be as a result of base effect, along with expected continued buoyancy in manufacturing activity supported by increased capacity utilisation and congenial financial conditions, favourable prospects of current trade negotiations with several countries, and an expansionary monetary policy in India, it said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo The outlook is, however, subject to risks of higher tariffs and global trade policy uncertainty affecting global demand, rising geo-economic fragmentation and persisting geo-political tensions, it said. Forecast of growth in India's total merchandise exports, non-oil exports, non-gems and jewellery exports are released by Exim Bank on a quarterly basis, during the first fortnight of the months of May, August, November, and February for the corresponding quarters, based on its Export Leading Index (ELI) model, it said. Live Events The next growth forecast for India's exports for the third quarter of FY26 (October-December 2025) would be released during the first fortnight of November 2025, it added.