Latest news with #BIS
Economic Times
2 hours ago
- Business
- Economic Times
Make (more) in India: India switches to factory settings for niche electronics
TIL Creatives Representative Image Kolkata: After iPhones, smart televisions and microwave ovens, India is now scaling up manufacturing of more niche electronic products such as robotic vacuum cleaners, coffee makers, built-in refrigerators and air fryers, which, till recently, were fully imported. The development, according to industry executives, is driven by the government's expanding list of electronic products whose factories need certification under the quality control orders (QCO) of the Bureau of Indian Standards (BIS) that are meant to control imports from China and other places, as well as promote local production. Most of these specialised products have come under QCO in the past eight to nine months. Till recently, most consumer goods firms argued that the market size for these categories was so small that local production did not make sense. 'BIS norms have been a big trigger, with more and more brands — including premium ones — exploring local production for small appliances despite small market size,' said Atul Lall, managing director of Dixon Technologies. 'It's a nice business opportunity.' Earlier this week, Dixon signed an agreement with Eureka Forbes to manufacture robotic vacuum cleaners, a category with a market size of just about Rs 700 is the largest home-grown electronics contract manufacturer. Europe's Liebherr has set up a plant for built-in customised refrigerators in Aurangabad, with production commencing in April, despite domestic annual sales of only 14,000-15,000 Agarwal, India managing director (sales) at Liebherr Appliances, said that implementation of the BIS norms for refrigerators from this year served as a wake-up call to set up a factory locally, further aided by the premiumisation wave. 'We were importing from Germany but getting the factory certified is a tedious process. We also believe the market will grow to 1 lakh units in five years. So a local plant made a business case and will reduce import lead time,' he Greaves Consumer Electricals' annual report said it will prioritise local sourcing this fiscal. Havells India said in its annual report it will further support localisation of products to reduce import dependence, from about 8% of its total sourcing in the previous financial year, having scaled it down from around 15% of total sourcing in of QCOs has opened up more attractive categories, according to Ajay Singhania, MD of contract manufacturer Epack Durable, while the business for more mature categories such as mixer grinders has been either flat or growing at a nominal rate of 3-4% annually. The opportunity includes 72 categories, such as air fryers, electric kettles and hair dryers, most of which were earlier fully imported, he said. 'We are taking a lead in localising these categories and meeting the requirements of most of the marquee customers,' he told analysts last firms imported these products in bulk in the past few months before the QCO came into executives said that while the market size may be small for standalone categories, it's altogether a business opportunity of more than Rs 12,000-13,000 crore. To put it in perspective, the market size of air-conditioners alone is more than Rs 40,000 crore and that of smartphones is more than Rs 1.5 lakh crore. Another leading contract manufacturer, PG Electroplast, began small appliance production seven to eight years ago, but had to discontinue it as the opportunity was very small at the time, said its managing director (operations) Vikas Gupta. 'But with the BIS norms, we are now relooking at it as a lot of brands are approaching us,' he said. The government has, over the past few years, expanded the compulsory BIS QCO certification to products such ACs, washing machines, refrigerators, ceiling fans, plugs, switches and cables, and very few overseas factories have received the BIS certification.
Time of India
2 hours ago
- Business
- Time of India
Make (more) in India: India switches to factory settings for niche electronics
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Kolkata: After iPhones, smart televisions and microwave ovens, India is now scaling up manufacturing of more niche electronic products such as robotic vacuum cleaners, coffee makers, built-in refrigerators and air fryers, which, till recently, were fully development, according to industry executives, is driven by the government's expanding list of electronic products whose factories need certification under the quality control orders (QCO) of the Bureau of Indian Standards (BIS) that are meant to control imports from China and other places, as well as promote local production. Most of these specialised products have come under QCO in the past eight to nine months. Till recently, most consumer goods firms argued that the market size for these categories was so small that local production did not make sense.'BIS norms have been a big trigger, with more and more brands — including premium ones — exploring local production for small appliances despite small market size,' said Atul Lall, managing director of Dixon Technologies . 'It's a nice business opportunity.' Earlier this week, Dixon signed an agreement with Eureka Forbes to manufacture robotic vacuum cleaners, a category with a market size of just about Rs 700 is the largest home-grown electronics contract manufacturer. Europe's Liebherr has set up a plant for built-in customised refrigerators in Aurangabad, with production commencing in April, despite domestic annual sales of only 14,000-15,000 Agarwal, India managing director (sales) at Liebherr Appliances, said that implementation of the BIS norms for refrigerators from this year served as a wake-up call to set up a factory locally, further aided by the premiumisation wave. 'We were importing from Germany but getting the factory certified is a tedious process. We also believe the market will grow to 1 lakh units in five a local plant made a business case and will reduce import lead time,' he said. Crompton Greaves Consumer Electricals ' annual report said it will prioritise local sourcing this fiscal. Havells India said in its annual report it will further support localisation of products to reduce import dependence, from about 8% of its total sourcing in the previous financial year, having scaled it down from around 15% of total sourcing in of QCOs has opened up more attractive categories, according to Ajay Singhania, MD of contract manufacturer Epack Durable, while the business for more mature categories such as mixer grinders has been either flat or growing at a nominal rate of 3-4% annually. The opportunity includes 72 categories, such as air fryers, electric kettles and hair dryers, most of which were earlier fully imported, he said. 'We are taking a lead in localising these categories and meeting the requirements of most of the marquee customers,' he told analysts last firms imported these products in bulk in the past few months before the QCO came into executives said that while the market size may be small for standalone categories, it's altogether a business opportunity of more than Rs 12,000-13,000 crore. To put it in perspective, the market size of air-conditioners alone is more than Rs 40,000 crore and that of smartphones is more than Rs 1.5 lakh leading contract manufacturer, PG Electroplast , began small appliance production seven to eight years ago, but had to discontinue it as the opportunity was very small at the time, said its managing director (operations) Vikas Gupta. 'But with the BIS norms, we are now relooking at it as a lot of brands are approaching us,' he government has, over the past few years, expanded the compulsory BIS QCO certification to products such ACs, washing machines, refrigerators, ceiling fans, plugs, switches and cables, and very few overseas factories have received the BIS certification.
Yahoo
10 hours ago
- Business
- Yahoo
Energy Transfer Strengthens Dividend Following Export Policy Reversal
Energy Transfer LP (NYSE:ET) is one of the . BIS has rescinded the license requirement for exporting ethane to China or Chinese military end users, amid Buy ratings from analysts. An aerial view of an oil rig at sunrise, emphasizing the power of the natural gas transportation industry. Energy Transfer LP (NYSE:ET) is one of North America's largest midstream energy companies, operating from its headquarters in Texas. The company owns and operates over 125,000 miles of pipelines, storage terminals, LNG facilities, and export infrastructure. It transports crude oil, natural gas, NGLs, refined products, and LNG across the U.S. The Bureau of Industry and Security (BIS) notified the company earlier in June that it requires a license to export ethane to China. Though it disrupted the company's business operations, one of the company's directors, James Richard Perry, made a bold move by purchasing 25,892 shares in a transaction valued at $350,059, signaling strong confidence in the company's growth capabilities. With 6 analysts from Wall Street maintaining a Strong Buy rating on the stock, the company saw on July 2, 2025, BIS rescinding its license requirements for ethane exports. Energy Transfer LP (NYSE:ET) offers a dividend yield of 7.2%. With a consensus Buy rating and a 1-year upside potential of 27.99%, the stock might be what MLP interested investors are seeking. While we acknowledge the potential of ET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Dividend Bargains Trading Below Insiders' Prices Disclosure. None.
India.com
11 hours ago
- Business
- India.com
Steel Ministry Tightens Screws On Dubious, Cheap Imports; Short Relief Window As Focus Shifts To Make In India push
Reported By: Rabiul Islam In a move aimed at strengthening domestic manufacturing and ensuring high-quality standards, the Ministry of Steel has issued fresh exemptions under its order dated 13 June 2025. This new directive provides two key relaxations: First, imported steel products with a Bill of Lading date on or before 15 July 2025 are exempted from the mandatory requirement of using BIS-compliant input steel. This window allows certain pre-shipped consignments to clear without facing sudden regulatory hurdles, offering relief to traders caught in transition. Second, integrated steel plants (ISPs) within India are exempted from the same requirement for their final products, provided they undergo verification of their BIS licences. To avail this, ISPs must submit a declaration to the Ministry of Steel confirming their status along with supporting BIS documentation. Any false declaration can lead to penalties, including debarment in the Steel Import Monitoring System (SIMS). These changes come against the backdrop of increasing scrutiny of steel imports, especially from China, Vietnam, and Japan. Over the past year, the Steel Ministry uncovered widespread malpractices where traders tried to bypass quality norms by misrepresenting the grade and composition of imported steel. In many cases, importers sought approval for 'new' or 'modified' grades that did not meet Bureau of Indian Standards (BIS) norms, allowing them to bring in cheaper and weaker materials. Earlier data showed over 1,100 import applications involving steel grades not officially recognised or covered under BIS. Many of these so-called new grades had only minor tweaks, clearly revealing a strategy to flood the Indian market with inferior steel. India has been importing around 400,000 tonnes of non-BIS-compliant steel each year, worth nearly Rs 4,200 crore. The new order supports India's broader push to reduce dependence on imports, improve quality checks, and strengthen local production. The Ministry's latest decision is expected to boost the 'Make in India' programme. By insisting that only BIS-compliant steel be used, the government is protecting consumers and encouraging Indian producers to expand capacity. Many domestic steelmakers — both public and private — have already assured the government they will ramp up production and keep prices stable. Two major producers have committed to supplying enough steel to meet local demand and avoid sudden price spikes, at least until December 2025. This aligns with the vision of a self-reliant India, or 'Atmanirbhar Bharat', where local industries cater to domestic needs and create jobs. Moreover, these steps will help stop the inflow of Chinese-origin steel entering India through Vietnam and other routes. The Ministry had highlighted that many so-called Vietnamese shipments were actually Chinese products re-routed to bypass trade barriers. By enforcing BIS norms on both final products and input materials like billets and coils, India is closing these loopholes that have hurt local steelmakers. Overall, this order marks a clear step toward building a stronger, more reliable steel ecosystem in India. It protects safety standards, supports local manufacturing, and reinforces India's goal of becoming a global manufacturing hub. For a sector that is critical to infrastructure and countless industries, such policy clarity sends a strong message: India is serious about quality and self-reliance. This is not just a regulatory update; it is a decisive move to empower Indian producers, enhance global competitiveness, and place 'Make in India' firmly at the centre of the country's growth story.
Yahoo
12 hours ago
- Business
- Yahoo
Energy Transfer Strengthens Dividend Following Export Policy Reversal
Energy Transfer LP (NYSE:ET) is one of the . BIS has rescinded the license requirement for exporting ethane to China or Chinese military end users, amid Buy ratings from analysts. An aerial view of an oil rig at sunrise, emphasizing the power of the natural gas transportation industry. Energy Transfer LP (NYSE:ET) is one of North America's largest midstream energy companies, operating from its headquarters in Texas. The company owns and operates over 125,000 miles of pipelines, storage terminals, LNG facilities, and export infrastructure. It transports crude oil, natural gas, NGLs, refined products, and LNG across the U.S. The Bureau of Industry and Security (BIS) notified the company earlier in June that it requires a license to export ethane to China. Though it disrupted the company's business operations, one of the company's directors, James Richard Perry, made a bold move by purchasing 25,892 shares in a transaction valued at $350,059, signaling strong confidence in the company's growth capabilities. With 6 analysts from Wall Street maintaining a Strong Buy rating on the stock, the company saw on July 2, 2025, BIS rescinding its license requirements for ethane exports. Energy Transfer LP (NYSE:ET) offers a dividend yield of 7.2%. With a consensus Buy rating and a 1-year upside potential of 27.99%, the stock might be what MLP interested investors are seeking. While we acknowledge the potential of ET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Dividend Bargains Trading Below Insiders' Prices Disclosure. None.
