Imports Of Telecom Products Goes Up By Rs 69,5163.7 Million In FY14
December 20, 2014
India has came across a major fiscal deficit during the year 2014-15
in context of telecom products, wherein the imports were worth Rs
695,163.7 million while the exports that took place were around Rs
204,751.7 million during the year, leaving the deficit of Rs 490,412
Telecom industry, telecom products, fiscal deficit, FY2014-15,
Communications and IT Minister, Ravi Shankar Prasad, Fiscal Year
2014-15, Telecom products business, Telecom Products in India
Whereas, during the 2012-13 fiscal year, the figures for imports and
exports were Rs 572,087.8 million and Rs 217,167.6 million
respectively, as conveyed by the Communications and IT Minister Ravi
Shankar Prasad to the Lok Sabha via a written reply. In 2011-12, the
imports of telecom products were of Rs 554,665.4 million and the
exports were at Rs. 207,755.7 million.
IT Minister Invites States To Avail Benefits Of EMC Scheme
Source: EFY Times;
December 20, 2014
Ravi Shankar Prasad, minister for communication and information
technology, has encouraged the states to avail benefit of the
Electronics Manufacturing Clusters (EMC) Scheme, which is designed to
provide financial assistance for developing world-class infrastructure
for electronics manufacturing industry. During the Lok Sabha session
yesterday, he called upon the states while explaining them about the
Modified Special Incentive Package Scheme (M-SIPS), which facilitates
financial incentives to offset disability and also to attract
investment for manufacturing of electronics products, including
telecom. The minister then also noted about the infrastructure which
has been developed for electronics manufacturing units in the country.
He also added about the two semiconductor wafer fabrication (FAB) set
up that has been approved by the government, for developing necessary
infrastructure for design and manufacturing of telecom equipments. He,
further, highlighted about the benefits designed under the Focus
Product Scheme of the Foreign Trade Policy to promote the domestic
market of electronics products, telecom and others.
'MAKE IN INDIA' Gains the Pace with Semicon Manufacturing Facility in
Source: EFY Times;
December 20, 2014
The two semiconductor wafer fabrication (FAB) manufacturing facilities
will arrive in India after getting the approval from the national
government. These units will be assigned to set by two major business
groups, one led by Jaiprakash Associates Limited with IBM USA as
technology partner [Technology: 90/65/45/28nm, Capacity: 40,000 WSPM]
and other headed by HSMC Technologies India Pvt. Ltd with ST
Microelectronics as technology partner [Technology: 90/65/45/28/22nm,
Capacity: 40,000WSPM]. Under its Make in India initiative, India
aspires to become one of the leading global semiconductor
manufacturing hub. With an aim to develop the nation’s industrial base
across the country, PM Narendra Modi is pushing the ‘Make in India’
initiative by inviting foreign players to invest and commence there
manufacturing facilities here.
How Manufacturers Can
Gain From Big Data, IOT
Source: CXOtoday; December
Big Data and the Internet of Things (IoT)is revolutionizing the world
around us – from the medical care we receive to the way retailers
market to us – but how is the manufacturing industry benefitting from
Large manufacturers have been analyzing data to optimize production
and processes for many years to drive performance. However, the sheer
volume, variety and velocity of data being generated today – along
with the new business intelligence tools available – has the potential
to deliver even bigger financial and productivity gains in India,
Asia- Pacific and across the globe.
The NarendraModi government’s ‘Make In India’ campaign aims at
spurring a manufacturing-led growth with more focus on the ease of
doing business than on an incentive-linked investment climate. The
push for manufacturing has two aims, to create jobs and lift growth.
The electronic system design and manufacturing (ESDM) industry will
benefit from the government’s Make in India campaign and is projected
to see investment proposals worth Rs10,000 crore over the next two
years, according to the India Electronics and Semiconductor
Association (IESA), an industry body.
CII Announces the
National Mission on Digital India
Source: Indiacioreview; December 22, 2014
In sync with the Digital India Initiative of the Government, CII
launched the National Mission on Digital India at New Delhi.
Addressing the First Steering Committee Meeting on Digital India, Ms
Aruna Sundararajan, Administrator, USOF and CMD, BBNL said that an
apex industry body like CII should look at focused, time-bound and
transformational initiatives that can become a game changer for the
country. “We also need to create an institutional mechanisms focusing
on joint interoperability in the sectors of education, skilling and
healthcare to ensure that the rollout of the Digital India campaign
comes to fruition”, said Ms Sundararajan.
Mr A N Rai, CMD, BSNL in his remarks said that it is critical for the
industry to come up with viable and scalable business models for the
success of Digital India. Mr Kiran Karnik, Chairman of the CII
National Mission on Digital India, in his opening remarks said that
the Digital India initiative is opportune and presents exciting
opportunities to the industry.
Fund to Focus On 'Make
In India' Theme: ICICI Pru's Bhatt
Source: Money control;
December 22, 2014
Yogesh Bhatt, senior fund manager, ICICI Prudential MF in an interview
to CNBC-TV18 spoke extensively about the new close-ended fund that
plans to take advantage of the ‘Make in India’ theme. He said the
theme can be played in three parts through import substitution,
domestic consumption and manufacturing exports. According to him the
theme is likely to play out over the next 2-3 years Import
substitution can be played via themes such as coal and electronics but
for that current imports have to be replaced with domestic
manufacturing. The fund would be focusing on building portfolio of
companies that are likely to benefit from this initiative. We have
been launching the close-ended series as you know for the last one
year and if we are taking close-ended money from the retail investors
it is not that we are not giving back anything in between.
KINFRA Awaits Nod for
Kakkanad Electronics Park
Source: The Hindu; December
The Kerala Industrial Infrastructure Development Corporation (Kinfra)
is awaiting final clearance for the proposed electronics park to be
set up at Kakkanad here. The park, to be set up under a Central
government scheme, has already received the in-principle approval.
A detailed project report was submitted by Kinfra to the Department of
Electronics and Information Technology a few months ago and the latter
has sought some clarifications on the public-private participatory
mode of execution of the project. Kinfra has responded to the queries
and the final nod is being awaited. The Union government’s steering
committee on electronic clusters will have to meet to give the final
clearance, a senior official told The Hindu .
'Govt will have to
address demand-side for Digital India'
Source: Economic Times;
December 22, 2014
As the Indian government embarks on its ambitious Digital India plan,
critical to this will be addressing demand-side issues and not just
creating broadband capacity, said Ulf Pehrsson, global regulatory head
of Swedish telecom equipment manufacturer Ericsson.
"The government will need to address issues pertaining to developing
adequate content on healthcare, education and e-governance without
which the capacities created might not be useful," Pehrsson told ET in
an interview, citing ..
Rs 18000 crore worth
investments received for ‘Digital India’: Prasad
Indiantelevision.com; December 22, 2014
The Prime Minister Narendra Modi’s mandate of ‘Digital India’ will be
a game changer for the country and will have a cascading effect on the
entire system said Communications and Information Technology Minister
Ravi Shankar Prasad.
Chairing the consultative committee meeting attached to his Ministry,
he informed the members that about 700,000 kilometer of cable for
broadband is proposed to be laid in the next three years as against
one million kilometers already laid in the country, so far.
Joining hands to tide
Source: The Hindu; December
The idea of linking entrepreneurship development with technology
incubation in institutions of higher learning has been catching up.
The Technology Incubation and Development of Entrepreneurs (TIDE)
scheme launched by the Union government’s Department of Electronics
and Information Technology was recently revised and extended for three
As many as 27 reputed engineering campuses across the country have
joined the TIDE scheme, setting up incubation centres and promoting
start-up companies. Two of them are in Kerala — the National Institute
of Technology (NIT), Calicut, and the multi-campus Amrita Vishwa
Vidyapeetham University. These institutions play an active role in
promoting entrepreneurship development under the TIDE scheme.
'Mobile Phone Exports
From India May Drop to Zero in 2015'
Source: NDTV; December 24,
While government is pushing to make India hub for electronics
manufacturing with 'Make in India' programme, a report has said that
exports of mobile phones are estimated to crash to zero in 2015.
"Mobile market grows by 32 percent or to $12 billion (roughly Rs.
76,154 crores) in 2014 but imports take over to occupy three quarters
of market. Domestic productions fell by 29 percent. Exports may crash
to zero in 2015," according to the report, submitted by industry body
Indian Cellular Association with the government.
Exports of mobile phone have been declining after touching a peak of
Rs. 12,000 crores in 2012.
Industry Vision on
INDIA SEMICONDUCTOR Consumption and Make in India Initiative
Source: Electronics Maker;
December 24, 2014
India, today consumes close to $7 billion of semiconductor products
every year. By 2020, when the total Electronic System Design and
Manufacturing (ESDM) market is expected to reach $ 400 billion, this
consumption is expected to rise to $55 billion. With the location of a
fab in India, the country could potentially achieve a degree of
self-sufficiency in electronics, and partially reduce the very high
supply chain risks that India is exposed to, without an alternate
source for procurement.
Internet of Things (IoT) while nascent today will have a big impact
for the semiconductor industry. BLR IoT chapter is now under the
guidance of India Electronics and Semiconductor Association (IESA) and
Technology Indus Entrepreneurs (TiE) and a number of productive
initiatives and sessions are underway.
2014 was the watershed year for manufacturing
Source: Business Today; December 24, 2014
The year 2014 could go down in history as the watershed year for
manufacturing. If, and only if, the sector's share in India's gross
domestic product starts inching towards 25 per cent over the next
decade, from about 15 per cent now.
In September, Prime Minister Narendra Modi launched the 'Make in
India' campaign, exhorting global investors to manufacture in India.
The campaign hinged on three pillars - improving the ease of doing
business by de-licencing and de-regulation, enabling infrastructure
such as industrial corridors, and opening up foreign direct investment
(FDI) in sectors such as defence, construction and railways.
Odisha seeks approval for ITIR project
Source: Business Standard; December 25, 2014
The state IT (information and technology) department has urged the
Union government to take steps for speedy approval of the proposed IT
investment region (ITIR) in Bhubaneswar, the proposal of which is
pending long with the Centre.
The ITIR in Odisha is to be developed on an area 10,210 acres between
Bhubaneswar and Khurda. Out of the total land, there will be a
processing area of 4,300 acres, which will house IT/ITes (enabled
services) unnits, electronics hardware manufacturing (EHM) and
research and development (R & D) centers.
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