The Bihar government reached out to electronics and telecom companies and industry bodies for skilling of youths of the state and providing them employment opportunities. “We have been running ”recruit, train and deploy” programme for the last 2 years. Now we want electronics and telecom companies to be part of it. Under which, the Bihar government will meet the training and recruitment related costs for youth to make them employable in companies,” Dipak Kumar Singh, principal secretary, Labour Resources and CEO, Bihar Skill Development Mission (BSDM), said after a meeting with industry players here. Mr Singh said the state government has no shortage of funds for skilling youth in the state. “Our Chief Minister (Nitish Kumar) wants youth to get jobs. There will be no cap on the number of youth that can be trained for employment in electronics and mobile phone companies,” the official said at the Mobile Manufacturers Conclave organized by the BSDM.
(Communications Today, Jan 08, 2019)
Taiwanese contract manufacturer Foxconn will invest well over $350 million (Rs 2,500 crore) to have new production lines to manufacture certain iPhone models in its factory in Sriperumbudur near Chennai in Tamil Nadu, said a recent Reuters report.Titled Project Fruit, the plan to expand the Sriperumbudur unit of Taiwanese phone manufacturer Foxconn to make smartphones including the coveted iPhone has been in the works for over a year. “It has been a work in progress for over a year,” said a person directly involved in the project to manufacture iPhones from Tamil Nadu. Apple is expected to assemble top-end iPhones in India as early as 2019. This would be the first time the Taiwanese contract manufacturer will have made the product in the country. Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple's business in India to a new level. Currently, Apple phones such as the iPhone 6S and SE models are made by another Taiwanese phone maker, Wistron, in Bengaluru in Karnataka.
(EET India, Jan 07, 2019)
South Korean smartphone and electronics giant Samsung has just revealed information about the performance of the company as part of its Regulatory filings to the Registrar of Companies (RoC). As part of the filing, the company has revealed a number of important facts about the performance of the company in 2018. Taking a closer look at the numbers shared as part of the regulatory filing, the company stated a 10 percent increase in the annual revenue of the company and an 11 percent loss in net profit of the company. Overall, the company crossed the Rs 60,000 crore marker in terms of the annual revenue. According to an in-depth report by The Economic Times, aggressive pricing of the devices to compete with Chinese smartphone makers including Xiaomi, OnePlus, Oppo, and Vivo have been the result of decreasing net profit. Focusing on the specifics, the company touched Rs 61,065.6 as the annual income in 2017-18 from the Rs 55,511.9 crore in 2016-17. In terms of the profit, the company saw a dip of 10.7 percent to reduce its profit to Rs 3,712.2 crore.
(BGR, Jan 02, 2019)
The electric bike was built in partnership with Panasonic Automotive and runs its OneConnect services platform, which is integrated with the Harley Davidson app for Android and iOS. The bike has built-in GPS and LTE connectivity with up to 4G LTE speeds, as well as a 4.3-inch liquid crystal touch-screen display built into the dashboard with integrated navigation and music. The H-D Connect app will be free for the first year, after which Harley-Davidson said there's an undisclosed subscription fee. The app lets riders check their battery charge level and available range, remotely check the motorcycle's location and status, and get alerts if the bike is bumped or moved. It can also search for nearby charging stations. Harley will collect vehicle usage data "to improve overall quality," but privacy-conscious riders can opt out of the service. The LiveWire bike itself goes from zero to 60mph in under 3.5 seconds, and has a high-voltage battery with an estimated range of 110 miles per charge. Riders can charge with the onboard Level 1 charger and power cord to connect to any standard household outlet and get a full charge overnight, or charge up faster at any public Level 3 DC Fast Charge station.
(PC News, Jan 08, 2019)
The Ministry of Commerce & Industry has, by way of the Press Note 2 (2018 Series) dated 26th December 2018 (Press Note), issued revised norms vis-à-vis foreign direct investment in e-commerce entities. While the Press Note continues to allow 100% foreign direct investment into e-commerce activities, it prescribes certain additional conditions with respect to e-commerce entities which are owned or controlled by a person resident outside India and conducting e-commerce business in India. The key additional conditions are summarized below: The e-commerce entity will not be permitted to exercise ownership and control over the inventory of goods purported to be sold. In this regard, it is pertinent to note that the inventory of a vendor will be deemed to be controlled by e-commerce marketplace entity if more than 25% of purchases of such vendor are from the marketplace entity or its group entities; An entity in which the e-commerce entity has equity participation or control over the inventory, will not be permitted to sell its products on the platform run by such marketplace entity; E-commerce entities providing marketplace will not directly or indirectly influence the sale price of goods or services and shall maintain level playing field. Services should be provided by e-commerce marketplace entity or other entities in which e-commerce marketplace entity has direct or indirect equity participation or common control, to vendors on the platform at arm's length and in a fair and non-discriminatory manner; E-commerce marketplace entity will not mandate any seller to sell any product exclusively on its platform only.
(Mondaq, Jan 03, 2019)
Over 33.5 lakh people have been provided skill training in electronics, IT and IT-enabled services sectors between 2014-15 and 2017-18, Parliament was informed Wednesday. These people were provided training by the Ministry of Skill Development and Entrepreneurship (MSDE) through Pradhan Mantri Kaushal Vikas Yojna (PMKVY), and two schemes being run by the Ministry of Electronics and Information Technology (MeitY), Minister of State for Electronics and IT S S Ahluwalia said in a written reply to Lok Sabha. He added that more than 5.41 lakh people were trained by MSDE and MeitY in 2014-15, 8.10 lakh in 2015-16, 9.51 lakh in 2016-17 and over 10.48 lakh people in 2017-18. Of these, MSDE facilitated training for 16.34 lakh people, while MeitY provided skill training for the remaining 17.18 lakh people, he added.
(ET, Jan 02, 2019)
The number employees on the rolls of defence PSUs as of March 2018 shrunk nearly by a quarter compared to the number they employed as of 2013, with hiring at all companies failing to match the attrition rate, including superannuation, consistently. There are nine defence PSUs in India: Hindustan Aeronautics Limited (HAL); Bharat Electronics Limited (BEL); Bharat Dynamics Limited (BDL); BEML Ltd; Mishra Dhatu Nigam Ltd (MIDHANI); Mazagon Dock Shipbuilders Ltd (MDL); Garden Reach Shipbuilders and Engineers Ltd (GRSE); Goa Shipyard Ltd (GSL) and Hindustan Shipyard Ltd (HSL). Analysis of data from the Department of Public Enterprises (DPE) shows that the PSUs together employed 60,260 personnel in 2018, which is 17,522 fewer than the 77,782 employed in 2013. This is a 23% decrease, even as the number of contract and daily wage employees remained either flat or dipped. C Srikumar, general secretary, the All India Defence Employees’ Federation, which has more than 4 lakh employees from defence establishments, including these PSUs, alleges that the Centre has been systematically killing the public sector. “They are deliberately not refilling positions, are revising sanctioned strength of establishments and pushing private industries into the business even in areas where they do not have the required ability. Multiple representations have been made to the Centre and we will continue fighting this,” he said. Experts, however, attribute a variety of reasons for the reduced staff such as increased outsourcing, decreasing orders and revenue, hiring freeze and better opportunities in the private sector. Officials from multiple PSUs said that outsourcing has increased, especially in the four non-shipping related companies.
(Indian Defence News, Jan 11, 2019)
he new prices of the Mi TVs are already in effect. The price drop of some of Mi TVs come into effect after the India Government reduced the GST on TVs from 28 per cent to 18 per cent. Xiaomi India started the year 2019 by reducing the price of three Mi TVs including -- Mi LED Smart TV 4A (32-inch) Mi LED TV 4C PRO (32-inch) and Mi LED TV 4A Pro (49-inch). Overall, Xiaomi has slashed the prices of these Mi TVs by up to Rs 2,000. Following are the new prices: Mi LED Smart TV 4A 32-inch: Now available for Rs 12,499 (The price of the Mi LED Smart TV 4A 32-inch has been reduced by Rs 1500. It was previously priced Rs 13,999). Mi LED TV 4C PRO 32-inch: Now available for Rs 13,999 (The price of the Mi LED TV 4C PRO 32-inch has been reduced by Rs 2000. It was previously priced Rs 15,999). Mi LED TV 4A PRO 49-inch:Now available for Rs 30,999 (The price of the Mi LED TV 4A PRO 49-inch has been reduced by Rs 1000. It was previously priced Rs 31,999) Availability:All three Mi TVs are available with new reduced prices with immediate effect starting Dec 1 across all sales platforms, Xiaomi India has announced.
(India Today, Jan 02, 2019)
The second edition of Shell India's cohort for its E4 programme has eight companies, including two Tech30 startups Mobycy and AutoVRse. To strengthen its position as a partner to energy sector entrepreneurs, Shell announced its second Indian cohort for the E4 (Energizing and Enabling Energy Entrepreneurs) Programme for 2019.
After careful examination and evaluation, eight startups have been selected for incubation at the Shell Technology Centre Bangalore (STCB), including two of YourStory's Tech30 startups. The finalist startups have strong differentiators in terms of product offerings and business models.
(YourStory.com, Jan 07, 2019)
In a recent report PTI stated that with this, the government is left with no proposal to set up any manufacturing plant for electronic chips, which are known as the heart of modern devices and considered to be of strategic importance in cyberspace. Minister of State for Electronics and Information Technology S S Ahluwalia, said in Lok Sabha that the government, on the recommendation of the empowered committee (EC) constituted for the purpose of setting up of Semiconductor Wafer Fabrication (FAB) manufacturing facilities in the country, cancelled the LoI issued to the consortium led by HSMC Technologies India Pvt Ltd on April 20, 2018. He said the consortium could not submit the requisite documents as per the LoI, despite being provided extension of time on multiple occasions.
(Electronics B2B, Jan 03, 2019)
An amount of Rs 44 crore was earmarked for National Cyber Coordination Centre (NCCC) for 2018-19, of which Rs 1 crore has been released till November, Parliament was informed Wednesday. NCCC was set up to generate near real-time macroscopic view of cyber security threats in the country. The Centre is a multi-stakeholder body and is implemented by Indian Computer Emergency Response Team (CERT-In) at the electronics and IT ministry, Union Minister S S Ahluwalia said in a written reply to Lok Sabha. He added that NCCC will provide a structured system and facilitate coordination among different agencies by sharing with them the meta-data from cyberspace for taking action to mitigate cyber security threats. Project NCCC was approved in April 2015 with an outlay of Rs 770 crore for a period of five years, Ahluwalia said adding that phase I of NCCC was made operational in July 2017. The next phase is to set up a full-fledged Centre.
(ET, Jan 02, 2019)
Reliance Jio Infocomm (RJio), a wholly-owned subsidiary of Reliance Industries Ltd (RIL), is craving out its fibre and tower assets into two separate companies that will provide it the flexibility to lease out the assets at a later point in time. Further to the creation of two separate companies, RJio will continue to function as a telecom service provider. The two new companies – names of which are yet to be decided – will operate as wholly-owned subsidiaries of RJio, sources, who requested anonymity, said. On Tuesday, RJio got board approval for the demerger, while the decision is subject to further regulatory and shareholders’ approvals, the company said in a regulatory filing. “This move will enable the companies to work as separate infrastructure providers (IP), a company offering independent tower services and another leasing out optical fibre to other telecom players and internet companies. The split will enable the companies the flexibility to offer their services separately,” a source close to the development said.
(BusinessLine, Dec 12, 2018)
China-based consumer electronics company Meizu has made its comeback in the Indian market with the launch of three smartphones – Meizu M16th,Meizu M6T and Meizu C9 priced at Rs 39999, Rs 7999 and Rs 4999 (introductory price) respectively. The company at its launch event on Wednesday launched the three smartphones out of which Meizu M16th is the company’s flagship device. Also, Meizu M6T is a rebranded variant of the Meizu 6T and the entry-level Meizu C9, and the Meizu M16th are rebranded version of the Meizu 16. While Meizu M6T and M16th were previously unveiled in China, Meizu C9 is a device catering to only the India and Indonesia markets. The company also launched two new Bluetooth-powered earphones for India market.
(ET, Dec 05, 2018)
Chinese companies in India made an advent many years ago. Today, this advent today has transformed into several successful ventures that have changed the form and shape of Chinese business ecosystem in the Indian market. The most successful of this include Xiaomi, VIVO, Oppo etc. It is interesting to see how China is determined to have a positive business relationship with India despite the conflicting bilateral relations. Recently, reports were rife that LiuGong India, a wholly owned subsidiary of China-based Guangxi LiuGong, a heavy equipment maker is planning to invest 2.5 billion in India with the motive of making it a sourcing hub. Although China’s economy is much larger than that of India’s, as two most powerful emerging nations in Asia and in the world, China and India know all too well that they can benefit from each other’s strengths when it comes to business. The politics, of course, can be left to the politicians and other leaders, the businessmen have their way, in this case, of course.
(Entrepreneur India, Dec 01, 2018)
An increased smartphone penetration, advances in delivery infrastructure and heavy discounts on e-commerce buying are the key reasons behind India being the fastest growing e-commerce market, a new report has revealed. Consumer electronics segment was learnt to be having the highest online penetration, even as currently e-commerce sales of consumer electronics stood at 17 per cent of the total retail sales in the country. It was followed by apparel and footwear (nine per cent), and beauty and personal care (one per cent). With e-sales worth of USD530 billion, the food and grocery segment had one of the lowest online penetration of just 0.1 per cent. It also found that Alibaba and Tencent, both Chinese e-commerce giants, were the best known Asian retail ecosystems. But, India too was witnessing the emergence of retail ecosystems led by Reliance, Flipkart, Walmart, Amazon, and Alibaba, the English daily The Times of India reported yesterday.
(Borneo Bulletin, Nov 30, 2018)
French company to provide Supercomputers worth Rs 4,500 crore : For taking forward India’s Digital initiatives, India and France on Saturday inked a Rs 4,500 crore three year contract for getting supercomputers to be used for academic and research institutions across the country. The two countries also decided to launch projects together in Africa, particularly in the area of sustainable development in connection with the International Solar Alliance (ISA) and adopted Status of Progress for Implementation of Industrial Way Forward Agreement related to the Jaitapur Power Plant. Announcing this at the joint press meet at the end of talks with her French Counterpart French minister of Europe and Foreign Affairs Jean Yves Le Drian, external affairs minister Sushma Swaraj said that, “The work on the Jaitapur Power Plant will start as soon as possible. Both sides have made considerable progress in pursuance of the Industrial Way Forward Agreement in 2018 between NPCIL and EDF (Électricité de France, Nuclear electric power Generation Company).” Earlier in the day, an agreement with France-based European Information Technology Corporation Atos by Centre for Development of Advanced Computing was inked for designing, building and installing the BullSequana – the supercomputer.
(FE, Dec 15, 2018)
HP; Gearing up for growth: With the PC market in urban centres offering limited room for growth, HP India is looking for greener pastures. It is aiming for growth from the gaming sub-category as well as the relatively untapped tier III and IV markets, with an eye on millennial. The past year saw two big initiatives from HP. For the first time, the company became the principal sponsor of IPL team Royal Challengers Bangalore and also opened a 1,000-sq-ft marquee store in Gurugram. With retail expansion and marketing, the original equipment manufacturer (OEM) hopes to brace up for the headwind caused by the widespread adoption of smartphones, and also expand the total addressable market (TAM). The company, which commands close to two-thirds of the market in the consumer segment and has nearly 31% share in the PC segment, has based its India market strategy on three pillars — retail expansion, customer and partner experiences, and engagement with its TG.
(FE, Dec 10, 2018)
Japan’s top electronics maker Panasonic NSE 6.63 % India lapsed back into losses in FY18, after clocking its maiden profit a year ago, with revenue too dipping last fiscal, as per latest regulatory disclosures. Panasonic’s flagship Indian entity, Panasonic India, reported net loss of Rs 131.8 crore in 2017-18, compared with a net profit of Rs. 72.2 crore in FY17, it reported to the Registrar of Companies (RoC). he company’s revenue too dipped marginally by 3% last fiscal to Rs 5409.2 crore from Rs 5589.9 crore in 2016-17. Panasonic India said the losses were due to “internal and external risk exposures”, without disclosing any further details. The company also said that it faced challenges last fiscal after it changed the business strategy for the smartphone business by taking over “entire sales channel creation and service operations on its own,” Panasonic India said in the filings. “…the management has taken a rigorous review of the mobility operation and steps are being taken in order to successfully sail through this tough situation.
(ET, Dec 05, 2018)
Seven Northeastern states on Saturday signed separate Memorandum of Understandings (MoU) with the Bharat Electronics Limited (BEL) to facilitate the development of cloud-based Integrated Command and Control Centre for implementation of Smart City Mission. The development took place in the presence of Union Minister of State for Housing and Urban Affairs Hardeep Singh Puri and Tripura Chief Minister Biplab Kumar Deb. The MoU was signed after a two day review meeting on five flagship schemes of the Ministry of Housing & Urban Affairs which include Pradhan Mantri Awas Yojana (PMAY), Atal Mission for Rejuvenation for Urban Transformation (AMRUT), Smart City Mission, Swacch Bharat Mission and the DAY-NULM held at Prajna Bhavan here since Friday.
(The Indian Express, Dec 01, 2018)
EV Motors India plans to use cooperation with DLF, Delta Electronics and ABB India to set up a brand name Plug Ngo, which will install more than 6,500 EV charging parks across India over the next five years. They will equip major cities in India with multiple charging parks each, and are calculating an investment sum of 200 million dollars for the venture. The launch, with the opening of the first Plug Ngo location, has already been made. In the next twelve months, the company plans to set up another 20 locations in the Delhi region, as well as other cities, including Bengaluru, Chandigarh, Jaipur, Ahmedabad, Kanpur, Kolkata, Mumbai, Pune, Hyderabad, Amritsar, Bhubaneshwar, Cochin, Indore and Chennai. The company plans to provide charging options for all types of two- and three-wheelers, as well as personal vehicles and buses with type 2, CCS and CHAdeMO ports.
(Electdrive.com, Dec 01, 2018)
The Indian venture capital industry is showing signs of maturity with the focus turning towards quality of deals clinched rather than mere quantity, a new report says. The report titled “Perspectives on the Indian VC Ecosystem, 2018” has been jointly prepared by Bain & Company and the Indian Private Equity and Venture Capital Association (IVCA). A key finding of the report is that the overall fund-raising environment is robust with $10 billion worth of India-focussed funds having been raised since 2014. This momentum is expected to become stronger in the future with multiple global Limited Partners viewing India as an attractive VC investment destination. It also highlighted that venture capital deal value grew five-fold in the last 10 years. Sanjay Nath, co-chair, VC Council and Executive Council Member at IVCA, and Managing Partner, Blume Ventures, said: “Data from the report point to one thing — that these are the best times to ‘on-shore the offshore pools of capital in India’, based on the mature startup ecosystem, increasing exits and regulatory support by the government”. Arpan Sheth, Partner, Bain & Company, and an author of the report, said: “The Indian VC industry is maturing, and you can find proof of funds going after fewer, but better-quality deals after building their initial portfolio.”
(BusinessLine, Dec 11, 2018)
Mumbai-based digital payments startup Benow which acquires merchants for QR code-based transactions is all set to move into the hardware point-of-sales business sensing stronger opportunity in the card payments space. The company, founded by founders of Mastek, is looking to finalise a $5-million fundraising plan within the next two months to fuel its ambitions in the retail digital payments space. “Smartphone-based digital payments for street-corner shops is growing slower than expected, hence we are adding point of sales to our offering for our merchant partners, which will let them accept card payments as well,” said Sudhakar Ram, chief executive officer, Be now. Sudhakar Ram said with one lakh on boarded merchants for their QR code UPI-based payment solution, the target is to push this number to 13 lakh in the next five years.
(ET, Dec 06, 2018)
For much of recorded history, India and China were the most influential civilizations in the world, partly due to the size of their populations and geography. Cultural and political reasons explain why China has outpaced India economically in the past 40 years. But China’s place in the sun will be short-lived. A report from the OECD predicts China’s share of global output will peak in 2030. India now outpaces China in economic growth. Indications are that the land of Rama and Shiva will become the shining star in the post-industrial era, and not for strictly economic reasons. Demographics will play an important role in the development of China and India in the coming decades. China is aging more rapidly than almost any country in history. Its dependency ratio of retirees/workers could rise to 44% by 2050. This will have a serious impact on taxable income, entitlement programs and healthcare. China’s attempts “to become rich before it becomes gray” partly explains its enormous investment in robotics, biotech and artificial intelligence (including “AI-DNA”) to address looming problems with labor shortages, elderly care, and healthcare costs.
(Asia Times, Dec 05, 2018)
Even as India’s efforts to frame a comprehensive data protection bill is being appreciated, officials of the European Union are concerned over the element of data localization that is expected in the legislation which is currently at the draft stage. In an interview to ET, a top EU official, who is currently visiting India, signalled that it could not just hurt businesses operating in the country but also the trade pacts being negotiated by the two countries. Ralf Sauer, deputy head of unit – International Data Flows and Protection (Directorate – General for Justice and Consumers), European commission, said that the data protection bill and the clauses over data localization were discussed during meetings with the ministry of external affairs and ministry of electronics and IT over the last two days. “Of course, it is a question of concern from a trade perspective. It means that foreign operators might have to duplicate infrastructure to be able to hold a copy in India, it creates additional cost and it’s not just India which is the case but it is the tendency in number of countries in this region to think about data localization, which will fragment operations of global players and make a habit to track the data and make it harder to compete. And it goes against the general philosophy of internet of seamless flow of data.”
(ET, Dec 05, 2018)
So here we are, after so much of excitement and waiting out of patience, the 1st edition of India International Electronics & Smart Appliances Exhibition 2018 (IEAE), will raise the curtains on 5th December which would be an exciting event for manufacturers, suppliers, buyers and sellers in TV, electronics, mobile phones, household items and electric decorative items. The event will inaugurate in the presence of Prof. N.K. Goyal President, CMAI association of India, Mr. R. K. Pathak (TSDSI), Mr. Anil Prakash (ITU), Mr. Vimal Wakhlu, Former Chairman & MD TCIL Govt. of India, Mr. Alok Gupta, Founder & Director Uninstal System Pvt. Ltd. and President of PCAIT, Champakraj Gurjar, President of FAIITA and Mr. Lius Yu Feng, Vice President of China Electronic Chamber of Commerce (CECC). The three day-long event will give room to more than 60 companies from China, to showcase and feature their new products which would act as an eye candy for the buyers throughout the wide range of Electronics and smart home Appliances and supported by CMAI association, PHD Chambers, Indo-African Chamber of Commerce, Indo-Arab Chamber of Commerce & Industries, National Apex Chamber, FAIITA, PCAIT, GECC and THEISTIC.
(BS, Dec 04, 2018)
Fair trade regulator CCI has ordered an investigation against global chip maker Intel Corporation for allegedly abusing its dominant position in Indian market by restricting the production of servers. The direction comes following a complaint by Bangalore-based Velankani Electronics, engaged in the business of design and manufacture of electronic products in India. Intel is a leading technology company engaged in the designing, manufacturing and distribution of a wide range of IT components as well as electronic devices relating to communications and computing such as processors, chipsets, mother-board/server-board among others. It was alleged that Intel refused to provide complete reference design files to Velankani Electronics and by doing this Intel has successfully prevented and precluded the Bangalore-based from designing/manufacturing its own server-boards.
(ET, Nov 12, 2018)
Telecommunications, a major shareholder in Bharti AirtelNSE 0.00 %, sees initial green shoots and some stability returning to the Indian telecom industry. “Total telecom industry revenue in India as a whole, for the first time since the entry of Reliance Jio, has been growing by a bit, so there is some stability,” Arthur Lang, CEO (International), Singtel said at an earnings call . The leading Southeast Asian carrier, which owns a shade over 39% in Bharti Airtel, had reported a 77% year-on-year fall in net profit during the July-September period to S$667 million. India's telecom industry’s adjusted gross revenue (AGR) had grown by 2.4% sequentially during the April-June quarter of 2018-19. Airtel’s consolidated revenue in the September quarter, which fell 6.2% on-year to Rs 20,422 crore, was actually higher than the Rs 20,080 crore reported in the first quarter. Revenue from India operations, which makes up nearly 68% of the total, also fell only 1% sequentially in the second quarter to Rs 14,920 crore.
(ET, Nov 10, 2018)
Apple's iPhone sales are set to dip by around a quarter in India's holiday season fourth quarter, putting them on course for the first full-year fall in four years, industry research firm Counterpoint said on Saturday. The Cupertino, California company's struggle to break through with India's 1.3 billion consumers swung more sharply into focus this week after Apple blamed a disappointing set of sales forecasts on a handful of big emerging markets. Chief Executive Tim Cook said after publishing third quarter results that sales were flat in India in the fourth quarter, which includes a month-long festive season culminating this week in Diwali - a bumper period for electronics sales.
(ET, No 04, 2018)
Mobile devices industry body ICEA said Thursday that e-commerce companies accounted for 45-50 per cent of handset sales last month allegedly due to predatory pricing. "In US, the e-commerce sale of mobile phones is probably 2 per cent. In India this month it has hit 45-50 per cent because pricing is extremely predatory. E-commerce are doing something which they are not supposed to do. That is a big challenge," India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo told reporters while releasing a joint report with McKinsey. He said that e-commerce is growing very rapidly but if it is at the cost offline retail industry. "45 thousand retails stores have closed down in the last one year which has created a mayhem. We did a little dipstick in area of Noida. 1,148 stores were there and now there are 950 stores. If you extrapolate this is the kind of stress," Mohindroo said.
(ET, Nov 01, 2018)
Samsung Electronics Co. and HARMAN International on Tuesday launched JBL PartyBox 200 and the JBL PartyBox 300 speakers for music enthusiasts in India. The JBL PartyBox 200 costs Rs 32,499 while the JBL PartyBox 300 is available for Rs 35,999 on www.JBL.com and retail channels, including 350 Samsung brand stores, the company said in a statement. The rechargeable battery on the PartyBox 300 can provide up to 18 hours of playtime. It can be powered up by plugging in to a 12V DC source or using the built-in 10,000mAh battery. “For even larger sound, connect two speakers to create an amplified listening experience. PartyBox has a USB input, allowing anyone to connect their playlist directly via a USB drive,” the company said. Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.
(FE, Nov 13, 2018)
Tech giant Intel is setting up a technology development centre in Hyderabad. A delegation led by Intel India chief Nivruti Roy met Telangana IT and Industries minister KT Rama Rao on Friday to convey the decision on setting up the centre in Hyderabad. The proposed centre is expected to create 1,500 jobs initially, which could go up to 5,000 over the next few years. In the meeting, Intel delegation and the Minister discussed about the Industrial policy of Telangana and the infrastructure available in the state "We are very happy that Intel decided to start a tech centre in Hyderabad", Rao said. The Intel India team has also explored opportunities for electronics and semiconductor manufacturing and the ecosystem's capabilities under the 'Make in India' programme. Rao may meet Intel's global leadership team to invite them to set up a manufacturing facility in Hyderabad, the release said.
(ET, Nov 10, 2018)
More Indians from smaller towns and cities are paying digitally for goods and services, raising expectations of sustained growth for non-cash payments, even as Reserve Bank data indicates the sharp spike in transactions following the 2016 note ban has evened out this year. Payments company executives estimate that card transactions in towns with populations of up to 1 million have doubled in the two years since demonetisation. “Across cities like Udaipur, Aligarh and Hubli, merchants are open to adopting QR code for payments and they are platform-agnostic,” said Amrish Rau, CEO of PayU India. “This was never the case in my two decades of experience in the payments industry.” Immediately after demonetisation was announced on November 8, 2016, there was a spurt in digital payments.
(ET, Nov 09, 2018)
The South Korean multinational electronics company, Samsung Electronics on 30 October exhibited how its solutions can enable a range of 5G-powered business models and scenarios for smart agriculture, home broadband services as well as smart cities in India. It said that smart agriculture will be a key focus area when 5G services will be rolled out in India. The 5G use cases for smart agriculture will basically revolve around the sensors and devices on the field that can give information on nutrients, soil moisture, spoilage and other aspects of farming. Director, Networks for Samsung Electronics, Claudia Park said, "Making the world a better place for humans is our focus. We want to make people's life more efficient.” She mentioned that with multiple use cases across different fields, 5G is the new frontier.
(Krishijagran.com, Nov 01, 2018)
The city stares at a major disaster as most of the 32 lakh metric tonnes of e-waste that it generates annually is not being disposed of properly. The civic body too is not equipped to handle it. While industries contribute 70 per cent of e-waste, households contribute almost 15 per cent and the rest comes from discarded or ‘end of life’ electrical and electronic equipment. The GHMC has not even held discussions to dispose of e-waste which will be a major contributor to garbage with the rapidly increasing use of technology. Indicating the seriousness of the situation, a Delhi-based company collected a metric tonne of e-waste in seven days. The waste was collected by Cerebra Green through its ‘India Clean-up Week’ conducted in association with Manufacturers Association of Information and Technology (MAIT), the ministry of electronics and information technology (MeitY), the ministry of environment, forests and climate change (MOEFCC) and Digital India. It recovered 11 metric tonnes of e-waste across seven cities, including one metric tonne in Hyderabad in seven days.
(Deccan Chronicle, Nov 13, 2018)
Japanese consumer electronics major Panasonic has invested Rs 450 crore in expanding its manufacturing facilities in India in the last three years under the ‘Make in India’ programme and intends to make the country an export hub for South Asia, West Asia and Africa. The company’s president & CEO for India and South Asia Manish Sharma in an interview with FE’s Rishi Ranjan Kala said the focus in India is on reaching more small towns with the company working on expanding its exclusive stores to 300 by 2018-end Over the last three years our manufacturing focus has seen a significant strategic uptake with investments of Rs 450 crore. This change has been brought about by the positive policy ecosystem in the country, which is now significantly focusing on domestic manufacturing and the global corporation’s strategic intent on establishing India as an export hub for its ISAMEA (India, South Asia, Middle East and Africa) region. In April this year, we started manufacturing refrigerators at our Technopark facility in Jhajjar, and now 95% of all our consumer products are locally manufactured. Further, we are looking at expanding our manufacturing focus towards B2B segment as well, wherein we will start producing security cameras and video door phones.
(FE, Nov 10, 2018)
Undeterred by lobbying against mandatory data localisation for all global companies operating in India, the Ministry of Information Technology (IT) and Electronics plans to go ahead with the norms as announced in the draft version of the Data Protection Bill.The Centre reiterated its stand following a report that the US digital industry's lobbying body, Internet Association (IA), is trying to influence the US trade representative to classify the data law as an anti-trade barrier.Official sources also said that it is incorrect for a US business lobby to look at the proposed law in this manner. The purpose of the new law is to make Internet transactions more robust and transparent. As the volume of such transactions increases in India, it will be important to prevent fraud and secure the privacy of user data.
(DNA, Nov 04, 2018)
Indian exports of certain musical instruments, leather, textiles, dairy, chemicals and processed fruits and vegetables to the US will no longer enjoy duty-free access, with the Trump administration withdrawing such concessions effective November 1. The annual exports of these items to the US is estimated at about $75 million. “…in 2017 certain beneficiary developing countries exported eligible articles in quantities exceeding the applicable competitive-need limitations. I hereby terminate the duty-free treatment for such articles from such beneficiary developing countries,” US President Donald Trump said in a presidential directive dated October 30. Other countries that have had duty concessions withdrawn by the US include Thailand, Argentina, Pakistan, Turkey, the Philippines, Brazil, Suriname, Belize, Ecuador, Falkland Islands, Kazakhstan, Egypt and Bosnia and Herzegovina.
(ET, Nov 02, 2018)
India has deferred imposing higher duties worth $235 million on 29 American goods to December 17. The retaliatory tariffs were scheduled to come into effect November 2 and have been postponed for the third time. “…the central government, being satisfied that it is necessary in the public interest so to do,” the government said in a notification on Thursday. In June, India decided to impose higher tariffs on these American imports from August 4, in retaliation to the March 9 decision of US President Donald Trump to impose heavy tariffs on imported steel and aluminum items. The government later delayed the levies to September 18 and then again until November 2. With the new tariffs, the import duty on walnut would be hiked to 120% from 30% while that on chickpeas, Bengal gram (chana) and masur dal would become 70% from 30% now. Similarly, the levy on lentils will be hiked to 40% from 30%.
(ET, Nov 01, 2018)
Reflecting the series of policy reforms taken by the Indian government as well as various state governments’, India has jumped 23 positions in the World Bank’s Ease of Doing Business report 2019, reaching 77th position from its rank of 100 in 2017, among the 190 countries assessed by the World Bank. “With 13 reforms between them, China and India — two of the world’s largest economies — are among the 10 top improvers,” the World Bank had said in its report. The policy initiatives do reflect in the Global Competitiveness Index 4.0 2018 Rankings as well, where India is currently ranked at 58th, up 5 positions from last year. In its annual report, the World Economic Forum observed, “India has demonstrated sizeable improvements over the past year. Compared with the 2017 back cast edition, India is up five places, the largest gain by any of the G20 economies.”
(Inc42, Nov 08, 2018)