Latest news with #CDS
Time of India
18 hours ago
- Politics
- Time of India
India, Israel seek to further strengthen defence ties
India's Chief of Defence Staff (CDS) General Anil Chauhan during a meeting with the Director General of Israel's Ministry of Defence Major General Amir Baram, in New Delhi. (@HQ_IDS_India on X via PTI Photo) NEW DELHI: India and Israel on Wednesday agreed to further strengthen their already expansive defence cooperation with a long-term perspective, even as Tel Aviv strongly condemned the terrorist attack in Pahalgam on April 22. The countries also decided to work towards developing an institutional framework to further deepen their bilateral defence ties in talks between defence secretary Rajesh Kumar Singh and director general of Israeli defence ministry Major General Amir Baram here. "The Israeli DG condemned the terrorist attack in Pahalgam and conveyed full support for India's fight against terrorism . Singh, in turn, reiterated India's zero tolerance approach to terrorism. Singh also condemned the terrorist attacks in Israel on Oct 7, 2023, and called for release of all hostages," an official said. The two sides reviewed progress of the ongoing defence collaboration activities since the last joint working group meeting held in July 2024. "This visit by the Israeli DG Israel marks a pivotal step in India-Israel defence relations and reinforces both sides' commitment to enhance their strategic partnership," the official said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Launch - 2 & 3 BHK - Kharadi, Pune - 86.5 Lakh* Kohinoor Riverdale Get Info Undo India had extensively used Israeli-origin weapon systems during the cross-border hostilities with Pakistan from May 7 to 10. India, for instance, used the Israeli Harop and Harpy kamikaze drones, which act as cruise missiles by exploding into enemy targets and radars, to hit air defence sites and other targets deep inside Pakistan, as was earlier reported by TOI. India also used Barak-8 medium range surface-to-air missile systems, jointly developed with Israel, as part of its multi-layered air defence network to thwart the multiple waves of Turkish drones and Chinese missiles fired by Pakistan.
Time of India
19 hours ago
- Business
- Time of India
CDS backs mobile phone PLI renewal citing 23% domestic value addition
ETtech Academy Empower your mind, elevate your skills Our BureauNew Delhi: The government should look at extending the production-linked incentive (PLI) scheme for mobile phone production to sustain the momentum of growing exports, even as domestic value addition , both direct and indirect, increased to 23% in 2022-23, amounting to $10 billion for mobile phone manufacturing, said a study conducted by the Centre for Development Studies (CDS).According to the report, released on Wednesday in collaboration with the India Cellular and Electronics Association (ICEA), mobile phone exports surged to $24.1 billion in 2024-25 from $0.2 billion in 2017-2018, marking an 11,950% increase. Exports now outpace domestic demand and are the primary driver of production total domestic value addition (DVA) was estimated using the Annual Survey of Industries' plant level data, commerce ministry's export-import data bank and industry estimates, the report said. The direct DVA increased to $4.6 billion in 2022-23 from $1.2 billion in 2018-19, a 283% increase. Indirect DVA rose much higher, to $3.3 billion in 2022-23 from $470 million in 2018-19, a 604% leap."The PLI scheme needs to continue as long as we are able to address some of the cost disabilities that the manufacturing sector is facing. Once we reach the stage where we can see that these inefficiencies are removed, we can stop," said C Veeramani, professor and director, Centre for Development Studies, Thiruvananthapuram. Government officials said the renewal of the mobile phone PLI scheme is still under discussion."We are discussing with the industry what their further requirement is and how to support them. The aim of the PLI scheme is to continue the drive towards self-reliance. This involves examining every item, every component which is used, including machines and materials, and all elements in the bill of materials to reduce dependence," said an official. The CDS study said India has transitioned to a growing trade surplus in mobile phones , driven by increasing exports. The study also addressed scepticism around the reported trade surplus in the sector due to its heavy reliance on imported components and low-margin assembly-led nature.
The Hindu
19 hours ago
- Business
- The Hindu
Phone assembly domestic value addition is 23%, new report claims
A new study by the Thiruvananthapuram-based Centre for Development Studies (CDS) asserts that the gains from India's mobile phone manufacturing are greater than skeptical analyses have previously assessed. Domestic value addition has already reached 23%, the report claims, compared to single digit estimates elsewhere. Specifically, the report does not agree with the notion that phone assembly is an area of 'trade surplus,' a point contended notably by RBI governor Raghuram Rajan, who said in a brief paper with a colleague, Rohit Lamba, that since India was still importing nearly all components that were being assembled in mobile phone manufacturing, the result was India remaining a net importer in effect. Mobile phone manufacturing — encouraged through Union government schemes like the Production Linked Incentive scheme — has been a much touted success story for Indian domestic electronics manufacturing, fueling hopes of similarly promising results elsewhere. ₹4.1 lakh crore of finished mobile phones were manufactured in India in 2024 according to an industry estimate. The number isn't necessarily indicative of phone assembly as a part of the economy as assembly is usually estimated to only account for 4% of a phone's selling price. The case against India running a phone trade surplus rests on a 'misleading assumption' that imports of the components that go into such assemblies are exclusively going into phones, and then getting shipped back out of the country, C. Veeramani, CDS's director said. 'We used data from the Annual Survey of Industries, and that shows that the actual use of imported components in the mobile phone sector is less than 25%.' Dr. Veeramani reported his findings to the press at an event by the India Cellular and Electronics Association (ICEA), a trade body representing electronics manufacturers; the CDS director's estimates of domestic value addition were even higher, he said, than the ICEA's: 'The Total DVA (direct + indirect) increased to 23%, amounting to more than $10 billion in 2022-23,' the report says. China factor A key recommendation in the report is to focus on scaling assembly operations in the medium term, rather than pressing firms immediately to procure components from local sources. 'We cannot have a robust [electronics manufacturing] strategy keeping China out, that will not work,' Dr. Veeramani said. 'China has to be part of the game and a mindset change is needed there.' If Chinese firms were invested in India, Dr. Veeramani said, they would have no incentive to block movement of capital goods and Chinese nationals to India, something that some phone and semiconductor makers are facing in recent months.
Time of India
a day ago
- Business
- Time of India
India emerges as a global mobile manufacturing powerhouse, says CDS study
New Delhi: A study by Centre for Development Studies (CDS) has quantifiably ascertained the progress of the Mobile Manufacturing sector in India, with India rapidly ascending to become the world's 3rd-largest mobile phone manufacturing-based exporter at $20.5 Billion (CY2024). This transformation, starting in 2017, is attributed to sustained government support, and strategic integration into global value chains (GVCs) with a sharp policy pivot towards exports with the launch of the Production Linked Incentive (PLI) Scheme in 2020, according to an official statement. The study, led by Professor C Veeramani, Director and RBI Chair professor, tracks India's extraordinary journey from an import-reliant mobile market in 2014- 15 to a global production and export hub in 2024-25. The study has found that mobile phone exports surged from just $0.2 Billion in 2017-18 to $24.1 Billion in 2024- 25, driven primarily by large-scale export production. "This staggering 11,950 per cent increase marks a structural shift in India's manufacturing orientation. Exports now outpace domestic demand and are the primary driver of production growth. The country has been recording a robust positive net export trend in mobile phones since 2018-19," the statement read. India's mobile phone production saw a significant rise in Domestic Value Addition (DVA), both directly and through supporting industries, suggesting a maturing ecosystem with stronger domestic participation, according to the study. "The Total DVA (direct + indirect) increased to 23 per cent, amounting to more than 10 Billion $in 2022-23. This was estimated using Annual Survey of Industries (ASI) plant level data, Ministry of Commerce export-import data bank, and industry estimates," the statement added. Direct DVA, according to the study, increased from $1.2 billion (2016-17 to 2018-19) to $4.6 billion (2019-20 to 2022-23) - a 283 per cent rise. Indirect DVA rose by a much higher percentage, from $470 million to $3.3 billion - a 604 per cent leap. Indirect DVA refers to the backward linkages of the mobile phone industry - that is, the value added by domestic suppliers of components and services used in production. According to ASI data, the total employment (combining direct and indirect) associated With mobile phone production has grown significantly to more than 17 lakhs in 2022-23. The analysis also revealed that Jobs linked to exporting of mobile phones surged by over 33 times. "The study also analysed wage growth in the sector. It reported notable wage increases, especially in export-linked roles - indicating a strong economic spillover into salaries and income levels," the statement read. While presenting the study, Veeramemphasised, "India's success mirrors the path taken by other Asian economies - achieving scale first, and deepening value addition over time. Exports at global scale is the foundation for long-term competitiveness, and continued government support in this space will remain critical over the next decade. With the mobile phone manufacturing providing a blueprint for growth, India can replicate similar strategies across the electronics sector to position the country as a global manufacturing leader." On the findings of the study, Pankaj Mohindroo, Chairman, India Cellular & Electronics Association (CEA), remarked, "This study reaffirms what ICEA has consistently advocated that strategic integration into global value chains is critical for scaling exports, enhancing domestic value addition, and creating jobs. The evidence clearly validates our position that India's participation in backward-linked GVCs has delivered substantial gains to the country." The report recommends that policymakers maintain an outward-oriented strategy and address structural issues. Key recommendations include liberalising trade policies, resolving tariff distortions, and focusing on scale over early-stage localisation mandates - all aimed at addressing India's cost disabilities. This would also require investments in logistics, FDI facilitation, and ecosystem development for sustaining this momentum.
Time of India
a day ago
- Business
- Time of India
Electronics exports: India challenges China's dominance, eyes leadership in global manufacturing; mobile-led boom drives value, jobs
This is an AI-generate dimage, used for represesentational purposes only. India is all set to emerge as a key player in global electronics manufacturing, driven by strategic integration into global value chains (GVCs) and a sharp shift towards export-oriented policies. A report by the Centre for Development Studies (CDS) has highlighted that India, through "backwards-linked" GVC participation, has the potential to rival established players like China and Vietnam in the electronics manufacturing space. According to the CDS study, the Production Linked Incentive (PLI) Scheme launched in 2020 played a pivotal role in India's transformation from an import-heavy mobile phone market to a major production and export hub. Mobile phone exports, which stood at just $0.2 billion in 2017-18, skyrocketed to $24.1 billion in 2024-25, marking a staggering 11,950 per cent growth. The report also pointed to a significant rise in Domestic Value Addition (DVA) within mobile manufacturing. Total DVA touched 23 per cent in 2022-23, with over $10 billion generated domestically. Direct DVA rose from $1.2 billion to $4.6 billion, a 283 per cent jump, while indirect DVA, from domestic suppliers, grew 604 per cent to $3.3 billion. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Clearance Sale: Exclusive handcrafted handbags - now 70% off Handmakers Report Read Now Undo Job creation has expanded alongside this growth. Citing Annual Survey of Industries (ASI) data, the report said the mobile phone sector supported over 17 lakh jobs in 2022-23. Export-linked employment, in particular, rose more than 33 times, with notable improvements in wages. 'With the mobile phone manufacturing providing a blueprint for growth, India can replicate similar strategies across the electronics sector to position the country as a global manufacturing leader,' said CDS Director C Veeramani, as quoted by news agency ANI. He added that the broader electronics sector offers "enormous opportunities" waiting to be tapped. Pankaj Mohindroo, chairman of the India Cellular & Electronics Association (ICEA), echoed the findings, stating, 'This study reaffirms what ICEA has consistently advocated — that strategic integration into global value chains is critical for scaling exports, enhancing domestic value addition, and creating jobs.' The report recommended that policymakers continue to focus on an outward-oriented strategy, suggesting liberalised trade policies, correction of tariffs, and ecosystem development including investment in logistics. It also urged the government to prioritise scale before enforcing early-stage localisation to ensure competitiveness. India's electronics exports rose 47 per cent to $12.41 billion during the April-June quarter of FY26, as per commerce ministry data. The US, UAE, and China were the top destinations, with the US accounting for over 60 per cent of shipments. Officials noted that this growing geographical spread reflects India's increasing integration into global supply chains and its rise as a credible manufacturing alternative in Asia. The CDS study underlines this momentum, calling for continued reforms to cement India's role as a central node in global electronics manufacturing and to unlock growth across other sectors. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
