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Incap India Wins STPI Karnataka IT Exports AwardDecember 7, 2023 | Incap
Estimated reading time: 1 minute
Incap Contract Manufacturing Services Pvt Ltd is proud to share having received the IT Exports Award for the year 2022–2023. This esteemed recognition comes from the STPI (Software Technology Parks of India) in Karnataka. Incap was chosen as the winner in the "Best Performer – Electronic Hardware Exports – Bengaluru (Exports up to INR 2000 crores)" category.
Murthy Munipalli, Managing Director of Incap India, expressed his gratitude for the success, acknowledging the dedication and expertise of the Incap India teams as the driving force behind their achievements. He stated, "Their commitment has truly been the driving force behind our success, showcasing not only their expertise but also their unwavering dedication to our shared goals." Mr. Munipalli also extended appreciation to Incap's clients, expressing gratitude for the trust placed in the company. He remarked, "We are grateful for the trust our clients place in us. Their confidence in our capabilities propels us forward and motivates us to continuously strive for excellence."
This is the 6th time for Incap to receive the prestigious STPI IT Exports Award. Mr Munipalli stated that Incap is proud to work in Karnataka, which is the heart of the electronics and IT sector in India while forming almost half of the country’s performance in this field.
Incap India factory is located in Tumkur, near Bangalore. To meet the growing demand, Incap has been increasing the production capacity in India and opened a third factory in India in 2023. The three factories at Incap India have 26,500 square meters of total floor space. The factory produces inverters and UPS, battery chargers, PCBs for fuel and cash dispensers, power supply units, rescue devices, solar inverters, drives and medical devices as well as devices for other electronic industrial products. The machinery is suitable for common component technologies, and together with the great location and skilled personnel, Incap can provide high-quality manufacturing services to meet the most demanding customer needs.
Incap India has been a member of STPI since 2007. All STPI Member Units from the State of Karnataka have contributed to the tune of 41% to the total IT/Electronic Hardware Exports under STPI from the country.
Collins Aerospace, an RTX business, has been selected by Air India for a full suite of avionics hardware catering to the airline's expanding Boeing 737 MAX fleet.
Pratt & Whitney, an RTX business, announced the establishment of its new India Digital Capability Center (IDCC) in Bengaluru, India. The new center will accelerate innovation and drive digital and business transformation for Pratt & Whitney worldwide.
New Report Suggests India Can Expand Role in Global Semiconductor Value Chains with the Right Policies02/14/2024 | SIA
The Semiconductor Industry Association (SIA) and the India Electronics and Semiconductor Association (IESA) today welcomed the release of a report evaluating India’s existing semiconductor ecosystem and policy frameworks and offering recommendations to facilitate longer-term strategic development of complementary semiconductor ecosystems in the U.S. and India.
In a recent IDC report, IDC FutureScape: Worldwide Digital Business Strategies 2024 Predictions — India Implications, IDC predicts, spending on digital technology by organizations will grow at 2X the economy in 2024, as companies are compelled by market demands to grow digital business models and strengthen digital capabilities.
CCI Approves 100% Acquisition of Wistron Infocomm Manufacturing (India) Private Limited by Tata Electronics Private Limited01/24/2024 | Competition Commission of India
The Competition Commission of India (CCI) has approved 100% acquisition of Wistron Infocomm Manufacturing (India) Private Limited by Tata Electronics Private Limited.