Buoyed by Modi win, Japanese cos step up pace in India
Times; July 26, 2014
In 2005, Rajeev Sharma, who had just turned 30, joined Mitsubishi
Electric's Indian operations as one of its first employees. The
Tokyo-headquartered electronics and electrical equipment giant, which
has had a presence in India since the mid-'50s, was keen to scale up
operations from largely import-and-sell to manufacturing. Clearly,
though, Mitsubishi was in no hurry.
"For months I was busy making feasibility reports," recalls the head
of corporate services and strategic planning. There were questions,
and more questions. For each, Sharma would prepare a two-page report,
researching and analysing the issue threadbare. At times Sharma would
We’re On Track to Setting up World-Class Ecosystem: Nasscom’s Ravi
Source: The Hindu
Business Line; July 27, 2014
The National Association of Software & Services Companies (Nasscom)
initiated the 10,000 Start-ups programme to incubate, fund and support
start-ups over the next 10 years. According to Nasscom, products and
start-ups are expected to contribute $100 billion or one-third of the
total revenues of $300 billion generated in the IT sector by 2020.In
an interview to BusinessLine, Ravi Gururaj, Chairman - Nasscom Product
Council, speaks about the focus on start-up and products, developing
the ecosystem and helping the Government.
Market is forecasted to reach $52.8b by 2020
Source: EE Herald; July 27,
A market research company called NOVONOUS has forecasted the
semiconductor Industry in India to reach $52.8 Billion by 2020.
NOVONOUS finds that the semiconductor industry is estimated to grow
from $10.02 billion in 2013 to $52.58 billion in 2020 at CAGR of
The release in Markets and Markets quotes "Semiconductor industry is
100% import based with India importing semiconductors worth $10
billion in 2013. Since In 2013, India spent $169 billion on oil
imports, $54 billion on gold imports and $31.5 billion on electronic
Market to See Good Growth in 2014
Source: EE Herald; July 27, 2014
Consumer Electronics Association (CEA) reported its index of Consumer
Technology Expectations (ICTE) has increased by 4.1 points in July to
reach 95.3, highest level since the 2012 holiday season and peak for
that year. Another index by CEA, the index of Consumer Expectations
(ICE), which measures consumer expectations about the broader economy
is also increased by 0.6 points from last month to reach 171.3 in
July, the highest level so far in 2014.
AP lines up Rs 1785 cr
to promote IT, electronics
Source: Business Standard;
July 28, 2014
The Andhra Pradesh government on Monday unveiled a ‘blueprint’ for
development of information technology (IT), electronics and
e-governance with an ambitious goal to create one IT professional and
one entrepreneur in every family in the state.
The blueprint features three broad missions, involving IT and
electronics, e-governance and innovation and capacity building with
targets fixed for the next three-five years.
hurting electrical equipment units
Source: Business Standard;
July 28, 2014
Valued at more than Rs 1.40 lakh crore in 2013-14, India's small- and
medium-enterprise-dominated electrical equipment industry is under
severe pressure. Sluggish demand in the domestic market and a
consistent increase in imports of electrical equipment from China are
threatening its growth. With capacity utilisation at less than 70 per
cent, the industry registered miniscule growth of 3.5 per cent in
production in 2013-14.
Incubators – The New
Fads of Entrepreneurship?
Source: The Hindu Business
Line; July 28, 2014
As the entrepreneurial ecosystem in India develops, translators,
incubators and accelerators are the topic of much public attention.
Given that these terms are yet to diffuse widely into the common
business professional’s daily lexicon, it is useful to start by
briefly describing what they stand for. Translators help scientists
and engineers take their work from the laboratory to a point where it
can be developed for commercialisation. They usually do not develop
the idea to the point of manufacturing and marketing the product on a
red-flags six 'daughter-fund' proposals for research and development
Source: The Economic Times;
July 29, 2014
The telecom department has raised several flags on the proposal of
setting up six 'daughter funds' under the electronic development fund
that promotes local research and development, including technology
acquisition, commercialisation of R&D and manufacturing.
According to an internal note, the department of telecom (DoT) has
sought the logic behind setting up a venture capital fund for
infrastructure related to electronic eco-system development, while
suggesting a role change for the daughter funds under a single fund.
The money we throw out
in old electronics
Source: The Standard
Digital News; July 29, 2014
Mr. Philip Wahome has made a name for himself as Nairobi’s go-to-guy
for people looking to make an extra shilling from old electronics.
From his small shop at a building near the Bus Station matatu
terminus, he buys old phones, fridges, televisions and so on. What
many may not know by looking at the state of his stock or shop is that
Mr Wahome is earning a tidy sum from this trade.
IDCO Seeks Industry
Contribution for Info-Valley EMC
Source: Business Standard;
July 29, 2014
The Odisha Industrial Infrastructure Development Corporation (Idco)
has asked the India Electronics and Semiconductor Association (IESA),
the trade body representing the Electronic System Design and
Manufacturing (ESDM) industry, to collect at least 10 per cent of the
fund requirement for setting up of Electronic Manufacturing Cluster
(EMC) in the state from industrial institutions/associations. The
stipulated industry contribution for the proposed cluster is one of
the prerequisites for getting the Union government’s final approval
for the project. IESA is assisting the state government for setting up
the EMC under the Electronic Manufacturing Clusters Scheme of DEITY.
imports up 20% in FY14
Source: Voice & data
Online; July 30, 2014
Telecom equipment imports increased by 20% to Rs 74,116.21 crore in
2013-14 as against Rs 61,539.01 crore in the previous fiscal. Imports
of telecom equipment have increased by about Rs 12,577 crore from Rs
61,539.01 crore in 2012-13, up 20% year- on-year, telecom minister
Ravi Shankar Prasad said in a written reply to the Rajya Sabha.
Telecom equipment imports stood at Rs 59,447.4 crore in FY12.
Samsung earns $6.1 billion, shares plunge
Source: Yahoo! India Finance; July 31, 2014
Samsung earned $6.1 billion last quarter but investors were
dissatisfied, sending its share price down 4 percent. The panoply of
numbers in its earnings report for the April-June quarter show why.
Last quarter Samsung sold 18 million fewer handsets than 113 million
in the first three months of the year. Smartphones and other handsets
have previously contributed about 70 percent of Samsung's profits.
This quarter it fell to 60 percent.
Qualcomm invests in Indian home healthcare firm
Source: Economic Times; August 1, 2014
Global chipmaker Qualcomm today said it has made a strategic
investment in home healthcare company, Portea Medical, to help the
firm scale its network and service delivery.
No financial details were disclosed. The investment by Qualcomm
Ventures (Qualcomm's venture investment group) will help Portea
address India's expanding need for innovative and cost-effective
solutions to tackle chronic disease management and geriatric care, a
RS India DesignSpark PCB Contest 2014
Source: Press Release; August, 2014
RS India is happy to announce first edition of RS India DesignSpark
PCB (RS India DSPCB) Contest 2014.
Contest aims to promote schematic & layout using DesignSpark PCB. It
is open to students, electronics professionals, hobbyist from India
who are interested in electronic design. There is no registration fee
for participation but prior registration is mandatory! Last date for
registration is Aug 15, 2014.
by IESA Research
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