Centre Eyes Venture Capitalists, Plans to set up Rs. 10,000-Cr
Express; December 6, 2014
The Department of Electronics and Information Technology (DEITY) is
planning to set up a Rs 10,000 crore fund for innovation and
development purposes in the sector, a top government official said.
“The department will set up a Rs 10,000-crore corpus to fund
innovation in electronics and IT,” DEITY secretary R S Sharma said.
The department would rope in existing venture capitalists (VC) for
selecting the start-ups where funds would be made available for
starting innovation exercise, Sharma told reporters on the sidelines
of Infocomm 2014 here today.
Betting on India: China Electronics eyes sales of million phones in
Times; December 6, 2014
Late entrant into the Indian mobile phone market China Electronics
Corporation (CEC), a state-controlled Chinese corporation, is eyeing
sales of million units in 2015.
CEC’s subsidiary Sang Fei, is selling its erstwhile joint-venture
partner Philips branded mobile handsets in India. The company hopes
its focus on rural market with a range of feature phones along with
smart phones targeting urban population will drive growth.
Indian mobile phone market is estimated to 300 million units in 2014
with smart phones clocking 80 million units.
High-Speed SERDES: The Heart of IoT Products
Electronicsforu; December 7, 2014
PHY is an abbreviation for physical layer of the conceptual open
systems interconnection (OSI) model. With ever increasing demand for
faster data transfers, over the recent times, the demand for hi-tech
electronic products has considerably increased in India. Especially
with introduction of the concept of the Internet of Things (IoT),
where every device is connected to each other and to the Internet,
there is growing need for enabling high-speed, high-throughput and
The product has received the ‘Most Innovative Product of the Year
2013’ award from India Electronic and Semiconductor Association (IESA)
in recognition of innovative ideas that were implemented in the design
of SerDes, which helped the customers to mitigate their SoC and
Indian MSMEs set to
battle it out for Rs 18,000-cr defence pie
Source: Business Standard;
December 7, 2014
The Defence Procurement Policy 2013 and the Make in India campaign
have created a staggering Rs 18,000 crore ($3 billion) opportunity for
the Indian defence MSME (micro, small and medium) sector as numerous
offsets in the three wings of the armed forces are expected to be
executed in the next five years.
According to defence MSMEs, the two key initiatives have opened up an
estimated Rs 90,000 crore offset opportunity for the defence players
in defence public sector undertakings (DPSUs), enterprise as well as
for the MSME sector over the coming five-year period.
in India Needs to Gear Up To Reach Net Zero Import By 2020
Source: EFY Times; December 8, 2014
While addressing a seminar on Make in India: Electronics- Substituting
Surmounting Imports under aegis of PHD Chamber of Commerce and
Industry, Ajay Shankar, the former Member Secretary, NMCC said that
the key in reducing the fiscal burden would be to take forward PM
Narendra Modi’s Make in India vision for the electronic industry in
He added that the Indian electronic industry is still at an infant
stage, thus the country needs to build an investment case for itself.
While talking about the current framework, he said that Electronic
Fund can be a very helpful for the industry to grow faster. He even
noted that the entire ecosystem of the industry requires to gear up
for the progressive growth.
Opportunities in the Internet of Things Market Driven By the
Semiconductor Wireless Sensor Networks 2014 - 2021
Source: EFY Times; December
The market for Internet of Things (IoT) would not exist without the
help of sensors. Today, wireless sensor networks are capturing a
lucrative market presence across the globe. This market segment is all
set to influence wireless sensor network proliferation for the coming
years. Additionally, an increasing development of applications on
smartphone devices is anticipated to drive high growth of the
semiconductor wireless sensor networks market across several industry
verticals and geographic regions.
Try IP Before You Buy:
Introducing the eSilicon IP Marketplace Environment
Source: EFY Times; December
eSilicon Corporation, a leading independent semiconductor design and
manufacturing solutions provider, today announced the eSilicon IP
MarketPlace environment, the newest addition to its suite of automated
online custom IC decision-making portals.
The IP MarketPlace environment helps users avoid complicated
paperwork; find which memories will best help meet their chip's power,
performance or area (PPA) targets; and easily isolate key data without
navigating convoluted data sheets.
We Need Ideas, Not
Source: CXO Today; December
ARM is a semiconductor IP company that has shipped over 50 bn Systems
in Chip (SoCs) since its establishment in 1990. Aiming at breaking
down barriers to innovation for developers, designers and engineers,
ARM is fast gearing up for the Internet of Things (IoT) era. It has
developed a new software ecosystem for Internet connected (IoT)
embedded devices– a free operating system, mbed OS, and server
software, mbed Device Server.
Guru Ganesan, President & Managing Director, ARM-India Operations,
says innovation is the core value of the company. In this interview
with CXOToday, Guru explains the benefits of having partners and the
need to build a competitive spirit to emerge the best.
Investments in IT, Electronics
Source: Business Standard;
December 9, 2014
Armed with its new Information and Communication Technology
Policy-2014, Odisha is wooing investments in the IT (information
technology) and ESDM (electronics system design and manufacturing)
sector in a big way. The new policy has targetted a gross ICT
(information and communication technology) turnover of $4 billion and
direct employment for 60,000 professionals by 2020. It aims to attract
10 leading IT/ITes companies and five leading ESDM companies to the
state, prepare built-up space of six million sq ft and develop a land
bank of 2,000 acres.
The sector is poised to generate cumulative revenues of Rs 18,800
crore in the state by 2024, according to estimates of the India
Electronics & Semiconductor Association (IESA). In its report, IESA, a
premier trade body representing the ESDM sector, has projected
revenues, potential investments and employment opportunities in this
India Releases Fund To
Boost Electronics, IT Sectors
Source: EET India; December
The Department of Electronics and Information Technology (DeitY) plans
to support start-ups in the electronics and IT sectors by providing
Rs100,000 million fund for innovation and development, electronicsb2b
DeitY is tapping venture capitalists to help in choosing start-ups
that deserve to be funded. Each company selected shall be allotted up
to 20 per cent of investment.
The government is working to increase domestic production in order to
reduce its electronics imports, which currently amount to about $100
billion, the report quoted The Economic Times.
With Plans to Invest
$2 Billion in India, Iphone Maker Faxconn Keen on Nokia's Chennai
Source: The Economic times;
December 10, 2014
Foxconn, which makes iphones and ipads for Apple and the Kindle for
Amazon, has emerged as a possible buyer for Nokia's defunct Chennai
factory as the world's largest electronics contract manufacturer looks
to invest around $2 billion in India. This comes within weeks of
fast-growing domestic handset maker Lava being reported to be
interested in acquiring the plant, once the world's biggest
phone-making facility. In a related development, the telecom and IT
ministry has proposed to the revenue department that Nokia be allowed
to sell the plant, currently frozen in a tax dispute, without passing
on the legal liability to the buyer, people familiar with the matter
Mistry Named Samsung Electronics Vice-President; Key Facts of New
Business Times, India Edition; December 8, 2014
India-born Pranav Mistry has reportedly been promoted to
vice-president of Samsung Electronics.
The South Korean company as part of restructuring has crowned
33-year-old Pranav Mistry, as vice president (Global operation) of
Samsung Electronics, reported The Wall Street Journal.
Prior to this promotion, Mistry was Vice President of Research &
Development and the head of Think Tank Team based in Silicon Valley,
India building database to unite records for 1.2 billion people
Source: Livemint; December 10, 2014
India is building its own database platform to consolidate public
records from across the world’s second-most populous nation in a bid
to modernize services. The initiative will integrate police, court and
criminal files, R.S. Sharma, secretary of the Department of
Electronics and Information Technology, said in an interview. The
government will also build its own platform for uniform payment,
property registration and social assistance systems, he said. Prime
Minister Narendra Modi is revamping India’s communications
infrastructure to transform the economy and create jobs in a country
where 372 million people are below the age of 15. The database push
comes as the government implements its $18 billion “Digital India”
project to provide high-speed Internet to rural villages, develop
domestic electronics manufacturing and a consolidate government
Govt. Approves Electronics Development Fund
Source: Deal Curry; December 12, 2014
The centre has given its nod for Electronic Development Fund, a
dedicated fund formed to back electronic system and design,
manufacturing, nanoelectronics, and information technology.
The open ended fund will be managed by SIDBI and will provide risk
capital to these companies. The board will constitute members from
Ministry of Communications and IT as well.
The fund was proposed to have a corpus of INR100 Bn, however now it
has been left open.
Odisha to Spend Rs 5,000 Cr on IT Sector: Patnaik
Source: Economic Times Epaper (Kolkata); December 12, 2014
Odisha would spend around Rs 5,000 crore on IT in the next five years
to provide services through electronic mode and entire Bhubaneswar
would be made a WiFi-enabled city, Chief Minister Naveen Patnaik said
“As per the ICT (information and communication technology) Policy,
every department will now earmark two per cent of its annual plan
budget or one per cent of its overall budget, whichever is higher for
IT spending so as to provide services through electronic mode,“
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