IESA WINWire Dec 27 - Jan 02, 2015
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PMO tells ministries to opt for domestically manufactured electronic products
Source: Livemint.com; December 27, 2014

http://www.livemint.com/Industry/J9LXtYcklQz6ZvmCIECdBJ/PMO-tells-ministries-to-opt-for-domestically-manufactured-el.html

 

In a move that can boost electronic production in India, the central government has issued a directive to all the ministries to give preference to domestically manufactured electronic products in government procurement. In a statement issued on Saturday, the Prime Minister’s Office said, “as part of Prime Minister Narendra Modi’s Make in India initiative, the Union government has issued strict guidelines to all ministries to provide preference to domestically manufactured electronic products in government procurement.” India imports 65% of the current demand for electronic products, most of it from China. At the current rate, the country’s electronics import bill may well surpass its oil import expenses by 2020.

Assocham: Take steps to promote domestic electronics industry
Source: The Economic Times; December 27, 2014

http://articles.economictimes.indiatimes.com/2014-12-27/news/57441312_1_domestic-electronics-industry-government-procurement-fiscal-sops

 

Government should take steps such as developing large-scale manufacturing zones with fiscal sops to promote domestic electronics industry, Assocham said today.

While welcoming the directive to give preference to domestic electronic products in government procurement, the industry chamber said it would be in the fitness of things if the electronics industry was given a boost by a comprehensive package so that the country's import dependence is reduced.

Indian e-commerce to hit $100 bn value by 2019
Source: Business Standard; December 27, 2014

http://www.business-standard.com/article/companies/indian-e-commerce-to-hit-100-bn-value-by-2019-assocham-114122700409_1.html
 

The Indian e-commerce industry is likely to clock a compounded annual growth rate (CAGR) of 35 per cent and cross the $100-billion mark in value over the next five years, a study conducted by Associated Chambers of Commerce and Industry of India (Assocham) along with PricewaterhouseCoopers (PwC) has said. According to the study, the Indian e-commerce industry is valued at $17 billion now.

Continuing on the strong growth momentum of 2014, the e-commerce industry is estimated to see a 67 per cent increase in the average annual spending on online purchases per individual in 2015, to Rs 10,000 from Rs 6,000 in 2014, the study said.

Electronic development fund for start-ups soon: Prasad
Source: Desh Gujarat; December 28, 2014

http://deshgujarat.com/2014/12/28/electronic-development-fund-for-start-ups-soon-prasad/

Recommending replication of Kerala’s Startup Village model in other states in India to boost entrepreneurship, union Communication and Information Technology Minister Ravi Shankar Prasad Sunday said the government will set up an electronic development fund for start-ups across the country.

“I am very happy that Kerala has done good work. We need to replicate it. In order to promote entrepreneurship in IT, the central government has come up with the concept of electronic development fund with the government partnering with angel funds to fund startups in IT, electronics and manufacturing,” said Prasad during a visit to the Village.

Only swadeshi computers, electronic items
Source: The Freepress Journal; December 28, 2014

http://freepressjournal.in/only-swadeshi-computers-electronic-items/

The Cabinet Secretary on Saturday issued a strict directive to all union ministries and departments to give first preference to domestically manufactured computers and other electronic products in their purchases to give a boost to the domestic electronic industry.

They were also directed to draw up the list of the electronic products they require and notify it within a fortnight and follow a tender template already issued by the Department of Electronics and Information Technology for procurement of the electronic items.

Electronics Manufacturing Investment Proposals Worth 6,000 Crores Approved
Source: Siliconindia.com; December 29, 2014

http://www.siliconindia.com/news/business/Electronics-Manufacturing-Investment-Proposals-Worth-Rs-6000-Crores-Approved-nid-177001-cid-3.html

Government has approved a clutch of investment proposals worth about 6,000 crores in the past six months under electronics manufacturing schemes.

"In last six months, we received firm proposals of about 18,000 crores and most of them were with financial closures. Till date, proposals of about 6,000 crores have been approved," a Department of Electronics and Information Technology official told PTI.

Last year, only companies who were present in India came up with proposals to expand their facilities but in the past six months proposals came from both existing and new firms, the official said.

India invites South Korean companies to make ‘bold’ investments
Source: Livemint; December 29, 2014

http://www.livemint.com/Politics/Xg3eRmoE7yAw9knzub2ToM/India-invites-South-Korean-companies-to-make-bold-investme.html

Calling South Korea an important partner for India’s economic growth, external affairs minister Sushma Swaraj on Monday invited Korean companies to make “bold investments” and benefit from the ‘make in India’ initiative of the government. In her address at the 8th India-South Korea joint commission meeting, Swaraj said Korea and Korean companies occupy a strategic place in India’s ‘act East’ initiative and that there was huge scope for greater investment in the country, particularly in the manufacturing sector. “We invite Korean companies to build on their success in India and make bold investments to benefit from my government’s focus on ‘Make in India’ which is aimed at providing necessary policy and other incentives to encourage manufacturing in India,” she said

EDF to prompt Young Entrepreneurs
Source: ELE Times; December 29, 2014

http://www.eletimes.com/news/edf-to-prompt-young-entrepreneurs/

Union Communication and Information Technology Minister Ravi Shankar Prasad states the government will set up an electronic development fund for start-ups across the country. “I am very happy that Kerala has done good work. We need to replicate it. In order to promote entrepreneurship in IT, the central government has come up with the concept of electronic development fund with the government partnering with angel funds to fund startups in IT, electronics and manufacturing,” said Prasad during a visit to the Village. Terming the Modi government’s ‘Digital India’ campaign as a revolutionary plan to bridge the gap between the digital haves and have-nots, he said the entire profile of India will change in the next four to five years.

GLOBALFOUNDRIES to Acquire IBM's Microelectronics Business
Source: EFYTimes.com; December 30, 2014

http://www.efytimes.com/e1/fullnews.asp?edid=156244

M and GLOBALFOUNDRIES today announced that they have signed a Definitive Agreement under which GLOBALFOUNDRIES plans to acquire IBM's global commercial semiconductor technology business, including intellectual property, world-class technologists and technologies related to IBM Microelectronics, subject to completion of applicable regulatory reviews. GLOBALFOUNDRIES will also become IBM's exclusive server processor semiconductor technology provider for 22 nanometer (nm), 14 nm and 10 nm semiconductors for the next 10 years.

MSIP, EMC schemes to boost electronics manufacturing: MN Vidyashankar
Source: The Financial Express; December 31, 2014

http://www.financialexpress.com/article/companies/msip-emc-schemes-to-boost-electronics-manufacturing-mn-vidyashankar/24672/

Prime Minister Narendra Modi’s ambitious “Make in India” campaign has energised the domestic electronics system design and manufacturing (ESDM) industry that hopes to capitalise on various policy initiatives and reduce dependance on imports. In an interview with PP Thimmaya, India Electronics & Semiconductor Association (IESA) president MN Vidyashankar said the green shoots in electronic manufacturing will be visible 2015 onwards.

8 tips to hire the best talent in 2015
Source: The Economic Times; December 31, 2014

http://articles.economictimes.indiatimes.com/2014-12-31/news/57558427_1_timesjobs-com-techgig-recruitment

The crystal ball predictions for 2015 are out! Here is what global HR managers must know to hire the best in 2015...

The coming year is expected to bring some noticeable changes in the field of talent sourcing and hiring. TimesJobs.com talked to industry experts to understand the prominent recruitment game-changers of 2015 to help our readers make smarter hiring decisions.

Use of technology: Increased business pressures will call for borderless/unconstrained talent hunt. Technology will play a key role in helping to improve the overall efficiency and effectiveness of the hiring process. Recruiters will use technology to select appropriate candidates, reach out to them easily and most importantly, fish the best out of the lot.

Government sets up task force to revive domestic mobile manufacturing
Source: Times of India; January 1, 2015

http://timesofindia.indiatimes.com/tech/tech-news/Government-sets-up-task-force-to-revive-domestic-mobile-manufacturing/articleshow/45717494.cms

Aiming to take the Make in India programme a step further, the Department of Electronics and Information Technology (DeitY) has formed a task force to revive growth of the country's mobile handset and component manufacturing industry.

"The task force will be meeting the Department of Electronics and Information Technology secretary (RS Sharma) in the first week of January," Pankaj Mohindroo, national president, Indian Cellular Association, told IANS. Sharma is also the chairman of the task force.

Top management changes in Samsung India, Ravinder Zutshi retires
Source: Financial Express; January 1, 2015

http://www.financialexpress.com/article/industry/companies/top-management-changes-in-samsung-india-ravinder-zutshi-retires/25125/

Korean consumer electronics major Samsung today announced top management changes in its Indian arm following the retirement of its Deputy Managing Director Ravinder Zutshi after serving the company for 19 years.

Zutshi had retired on yesterday from Samsung India Pvt Ltd.

As per the changes, Sanjay Bali, Senior Vice President, Human Resources has been transferred to manage relations with different departments and ministries, including Human Resources, Education, Environment, Women, Child Development and Culture.

Compiled by IESA Research

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