Encouraging Electronics Manufacturing towards Aatmanirbhar Bharat
ELCINA Awards have been identifying and recognizing the outstanding performance of Indian ESDM companies under various categories such as exports, quality, R&D, Environment, etc. This year ELCINA Awards have added a new category to recognize the budding startups in the country. ELCINA continues to spur excellence in Electronics Manufacturing with a legacy of Four Decades.
The event was presided by Mr. Hans Raj Verma, I.A.S., Chairman & MD, TIIC, and Mr Sanjay Kumar Rakesh, IAS, MD & CEO, CSC e-Gov services India Ltd. as Guest of Honour. While distributing the awards to the winners, Mr Verma appreciated Elcina’s efforts in identifying and recognizing the outperformers in Indian Electronics manufacturing space. He said that these recognitions motivate the industry to do their further best. Mr. Sanjay Rakesh appealed to the industry that manufacturers should come forward with more thrill to make investments and get benefitted out of MeitY’s incentive schemes. He congratulated the winners and inspired other industry members to outperform and get recognized.
ELCINA President, Mr. Sanjay Agarwal expressed his satisfaction has enthusiastically discussed the Country’s recently announced semiconductor and display Fab policies which is a step further for taking Prime Minister Modi’s “AatmaNirbhar Bharat” campaign forward.
Mr. Agarwal also announced the launch of the ELCINA’s “Source India Electronics Portal”, this portal will ensure smooth the sourcing of electronic components from domestic manufacturers. This will help buyers and sellers to come together and understand the very nature of electronic components flow in India. He invited and urged ELCINA members to register on this portal and use it extensively for their business prosperity.
The Electronic Man of the Year award has been conferred to Mr. Amrit Manwani, Chairman, ESSCI, Past President, ELCINA & CMD, Sahara Group. Sahasra established a new company Sahasra Semiconductors Pvt. Ltd. for the packaging of flash memories, this is the first of its kind in India. This investment also got approval under the PLI scheme of the Ministry of Electronics & IT.
The “Company of the Year” award is conferred to Syrma SGS Technologies, Chennai. The company is known for its state of art EMS processes. Syrma SGS Initial Public Offering (IPO) opened for subscription with a price range between Rs 209-220 a share. On the final day, the IPO was subscribed 32.61 times. Company aims to utilize the funds for capital expenditure requirements for the R&D unit and commencing of a manufacturing unit.
Mr. Rajoo Goel, Secretary General, ELCINA expressed his gratitude to MeitY officials for ensuring a conducive environment for ESDM manufacturing in the country. He also thanked to ESDM industry at large for participating in ELCINA Awards and special thanks to the Award committee members for providing their unbiased and analytical choice of winners.
