IESA WINWire Nov 07 - Nov 13, 2015
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Chinese Companies are Welcome to participate in 'Make in India': President
Source: The New Indian Express; November 7, 2015

http://www.newindianexpress.com/business/news/Chinese-Companies-are-Welcome-to-Participate-in-Make-in-India-President/2015/11/07/article
3118235.ece

Citing all-round progress in bilateral ties, President Pranab Mukherjee has said Chinese companies were welcome to participate in 'Make in India' initiative. Mukherjee said this while meeting China's Vice President Li Yuanchao, who had called on him at Rashtrapati Bhavan here yesterday. Pointing out that Yuanchao was the first Vice President of China to visit India, the President said India attaches high importance to its relations with China, a press release issued today by Rashtrapati Bhavan said. "India-China relations have witnessed all round progress in recent years. The two countries have expanded high level political exchanges. As two emerging economies, relations between the two countries have a regional and a global significance. "India-China trade now stands at USD 70.59 billion. India welcomes Chinese companies to participate in ‘Make in India'," he said. The Chinese Vice President warmly reciprocated the President's sentiments and said closer ties between the two countries will not only benefit both, but also help usher in the Asian Century, the release said. He congratulated India on its rapid development and said China is determined to promote cooperation in all fields.

Fillip to Electronic Sector: Chhattisgarh Inks 11 MoUs
Source: The Times of India; November 7, 2015

http://timesofindia.indiatimes.com/city/raipur/Fillip-to-electronic-sector-Chhattisgarh-inks-11-MoUs/articleshow/49684048.cms

State government's efforts for development of electronics sector saw light of the day when it signed 11 memoranda of understanding (MOUs) worth Rs 968 crore with 11 investors on Thursday. The pact has been inked for manufacturing of electronic components at Electronic Manufacturing Cluster in Naya Raipur-the new state capital. Another MoU of Rs 125 crore was signed in food processing sector for establishment of cold chain in state. The MOUs were signed in presence of chief minister Raman Singh, commerce and industry minister Amar Agrawal, Chhattisgarh state industrial development corporation chairman Chhagan Lal Mundra, chairman and state chief secretary Vivek Dhand. The MoUs will bring in cumulative investment of Rs 1,093 crore and employment opportunities for 4,300 people in state in two of its focus sectors - electronics and food processing. The investment intent in electronics sector will boost IT and electronic sectors in state and will approve state's commitment and efforts to develop the sector. Naya Raipur, the first green field capital smart city of the country will witness development of electronic sector in state owing to its state-of-the art infrastructure.

Young entrepreneur to set up Punjab’s 1st defence, aerospace parts unit
Source: Hindustan Times; November 7, 2015

http://www.hindustantimes.com/punjab/young-entrepreneur-to-set-up-punjab-s-first-defence-aerospace-parts-unit/story-FfWVpk8vllacU2dXfwp61K.html

The city, which is so far known as city of manufacturing sports goods and hand tools would soon add another feather to its cap, as a young entrepreneur from Jalandhar, Sanat Gupta, 27, is all set to set up an aerospace and defence parts manufacturing unit in Jalandhar. Inspired by initiatives taken by the Punjab government asking the new players to establish their business and the Make in India campaign of the Prime Minister Narendra Modi-led government at the Centre, Gupta, director and promoter of Vin Aero Industries Limited, has already signed an MoU with the Punjab government for setting up an aerospace and defense parts manufacturing unit, a the first of kits kinds in the state. Sanat is a born businessman as his father is the owner of famous Alaska Group of Industries in Jalandhar that manufacture various rubber parts, and he is currently running an export business in England. The idea of venturing into the defence and aerospace industry is actually of his elder brother Anish Gupta, the second director of Vin Aero Industries Ltd and a senior engineer working already in USA in the same field.

DeitY to finance indigenous 5G, IoT technologies
Source: Asian Age; November 8, 2015

http://www.asianage.com/technomics/deity-finance-indigenous-5g-iot-technologies-840

The government's research arm under Department of IT and Electronics (DeitY) will finance indigenous projects working on developing 5G, wearable computers, Internet of Things and other high-end technologies. Convergence Communications and Broadband Technologies (CC&BT) has invited proposals for financial support from scientists, academic and R&D institutions, among others. However, it will give priority to those proposals that have received backing or contribution from industry, either in cash or kind, and has partnered with production agency. “The R&D in CC&BT division under DeitY has invited proposals in thrust areas... with focus on indigenous technology development and innovative technology demonstration leading to commercialisation," an official note said. The thrust areas of R&D in CC&BT group includes next generation communication, convergent and network technologies,5G and beyond, wearable computing, strategic electronics, broadband wireless technology deployments specially for rural connectivity, big data analytics for societal applications and disaster management, Internet of Things (IoT) etc. "An Expert Group would consider the proposals for feasibility and carry out technical and financial evaluation and accordingly recommend for financial support by DeitY," the note said. The government had earlier set up Electronics Development Fund, which will act as mother of all funds operating in the field of developing indigenous technologies and finance projects.

Videocon eyes Rs 26,000 crore turnover from consumer electronics in four years
Source: Daily News & Analysis; November 8, 2015

http://www.dnaindia.com/money/report-videocon-eyes-rs-26000-crore-turnover-from-consumer-electronics-in-four-years-2143372

Homegrown diversified firm Videocon is aiming at an annual turnover of $4 billion (around Rs 26,000 crore) in the next four years from consumer electronics division on the back of product launches and exports growth.

The company, which is expecting a turnover of Rs 15,000 crore from the vertical this year, is expanding the range of automatic washing machine and frost free refrigerators in the country, which is dominated by MNCs such as LG and Samsung.

"In three to four years, our plan is to have a turnover of $4 billion from consumer electronics business," Videocon Chief Operating officer C M Singh told PTI.

In order to achieve the target, he said the company will focus on segments like automatic washing machine and frost free refrigerators where it is not present in a big way.

At present, 55% of Videocon's revenue in consumer electronics comes from home appliances and the rest from TV panels and CRTVs.

Nasscom to Help Train Budding Techies
Source: The Times of India; November 8, 2015

http://timesofindia.indiatimes.com/city/pune/Nasscom-to-help-train-budding-techies/articleshow/49706418.cms

The state government wants to increase the employability of final-engineering students by starting an entrepreneur skills programme with the help of National Association of Software and Services Companies (Nasscom). The state directorate of technical education (DTE) will set up finishing schools across the state for the purpose. The DTE has tied up with the National Association of Software and Services Companies (Nasscom) to help final-year engineering students build entrepreneur skills. The scheme aims to prepare students to work in the industry as soon as they are recruited. "We are in talks with industry players on how they could contribute to the students' community in terms of improving the quality of technical education. At Nasscom, they already have a course structure in place that would prepare students to join the industry," Y I Shah, officer on special duty, DTE, said. The students will be able to complete their final-year project with industries that DTE would tie up with. If the performance of students during the project is good, they would be absorbed by the company, he added. Shah said last year the state government issued a notification directing industry players to undertake student-centric initiative to improve quality of education by establishing short-term courses that would polish the skill sets of students or help students recognize what would be the apt career choice for them in terms of choosing the right branch in engineering or other courses.

CVCFL is fund manager of proposed EDF
Source: Mydigitalfc; November 9, 2015

http://www.mydigitalfc.com/news/cvcfl-fund-manager-proposed-edf-869

CanBank Venture Capital Fund (CVCFL) will manage the government’s planned Electronics Development Fund (EDF). It will be a ‘fund of fund’ and is expected to have a corpus of Rs 2,200 crore. Electronics Development Fund is part of the Indian government’s digital India agenda. It is envisaged to develop the electronics system design and manufacturing (ESDM) and the IT sector to achieve net zero imports by 2020. As part of this initiative, the Department of Electronics & Information Technology (DeitY) has appointed CVCFL as fund manager to manage the Electronics Development Fund, CanBank Venture Capital has said in a statement. As a ‘fund of funds’, EDF will participate in several smaller funds, which in turn will provide risk capital to companies developing new technologies in the areas of electronics, nano electronics and information technology. The corpus of the Electronics Development Fund could be up to Rs 2,200 crore. This will be committed to select smaller funds by March 31, 2017. As a first step, CVCFL has interacted with angel investors, venture capitalists, PE funds as well as with the representative of the electronics and IT industry. The EDF model will enable capital from the government to be channelised to needy startups and manufacturing units by professional fund managers in an autonomous manner.

India Takes Initiative in Smartphone Market
Source: BusinessKorea; November 9, 2015

http://www.businesskorea.co.kr/english/news/ict/12841-south-asia-smartphones-india-takes-initiative-smartphone-market

With the world’s smartphone market nearly saturated, the worldwide sales map of smartphones will face a big shift next year. It was forecast that while North and South America and China, which had taken the lead in the growth of the smartphone market, will go through a slowdown in smartphone sales growth, the Indian smartphone market will continue to rapidly grow.

According to market survey company Strategy Analytics (SA), IDC and HI Investment and Securities on Nov. 9, it was surveyed that the South American smartphone market will grow zero percent. The South American smartphone market, which showed a 35 percent increase in 2014, grew merely four percent this year, and if the prediction is right, it will virtually stop growing next year.

By contrast, the Indian smartphone market is expected to expand 30-plus percent next year. Even though it is a drop from 80 percent in 2014, analysis says that India’s growth rate will outweigh those of other countries. Smartphone sales in India will hit the 160 million unit level from the 80 million unit level in 2014, beating those of South America (about 145 million units) for the first time. Smartphone sales in North America and China are expected to reach 220 million units and 460 million units next year.

Make in India: GE to supply 1,000 diesel locomotives to Indian Railways; set up plant in Bihar
Source: Daily News & Analysis; November 10, 2015

http://www.dnaindia.com/money/report-make-in-india-ge-to-supply-1000-diesel-locomotives-to-indian-railways-set-up-plant-in-bihar-2143977

General Electric Co has won a $2.6 billion (nearly Rs 17,271.8 crore) contract to supply India's railways with 1,000 diesel locomotives, as the state-owned network looks to foreign capital to help it modernise.

The US company will also invest $200 million (nearly Rs 1,328.6 crore) to build local manufacturing and service facilities, GE said in a statement on Monday.

"In most of our growth markets, localization is typically a key part of any infrastructure deal we do," Jamie Miller, chief executive officer of GE Transportation, told Reuters.

The contract is also one of the first and the largest to be awarded to a foreign firm since India last year allowed 100% foreign direct investment in some parts of its railways, and comes as New Delhi embarks on a huge modernisation programme to overhaul its vast but dilapidated network.

Under the deal, the largest ever for the US company in India, GE will build a manufacturing facility in the eastern state of Bihar, and two maintenance sheds elsewhere in the country, to service the locomotives over an 11-year period.

Turkey keen to partake in Modi's Make in India
Source: The Statesman; November 10, 2015

http://www.thestatesman.com/news/business/turkey-keen-to-partake-in-modi-s-make-in-india/102814.html

Turkey is willing to cooperate with India in various fields, including the government’s flagship Make in India, Skill India, Smart Cities and infrastructure projects, the country’s ambassador said on Monday ahead of Prime Minister Narendra Modi’s visit to Antalya on November 15 for the G20 summit. Ambassador Burak Akcapar said “there is tremendous vitality in bilateral ties” and “there is much to be talked about between the two sides”. The friendship between India and Turkey is “traditional and permanent”, Akcapar said, adding that “a certain momentum is building in the ties, which needs to be owned and led at the senior leaders level”. Speaking at an interaction with the Indian Association of Foreign Affairs Correspondents (IAFAC) , the envoy said that both sides need to renew the legal infrastructure of bilateral ties, especially economic ties. “This is more important since India launched the Make in India, the Skill India campaign, and is actively pursuing Smart Cities. Turkey can be a good partner in building up infrastructure.” The envoy said many of the products that India hasn’t been able to produce as part of Make in India are already in the Turkish manufacturing sector

Boeing, Tata Advanced Systems ink pact to make aerostructures
Source: The Economic Times; November 10, 2015

http://economictimes.indiatimes.com/news/defence/boeing-tata-advanced-systems-ink-pact-to-make-aerostructures/articleshow/49730630.cms

Aerospace giant Boeing and Tata Advanced Systems entered into a pact to make aerostructures and team up on integrated systems development in India that will help them enter further into the military hardware industry. Aerostructure is part of an aircraft's airframe. This may include all or part of the fuselage, wings, or flight control surfaces. The Boeing-Tata joint venture will manufacture aerostructures for the Boeing AH-64 Apache attack helicopter and compete for additional manufacturing work packages across Boeing platforms, both commercial and defence, the companies said in a news release on Monday. Wholly owned by Tata Sons, Tata Advanced Systems is the strategic aerospace and defence arm of the group. US-based Boeing is the world's largest aerospace company and a leading manufacturer of commercial jetliners and defence, space and security systems. "This partnership will capitalise on India's industrial capability, innovation and talent to contribute to Boeing's long-term competitiveness and position us for future growth in the global marketplace," said Chris Chadwick, president and CEO of Boeing Defense, Space and Security.

India-Singapore to elevate ties to strategic level
Source: Deccan Herald; November 10, 2015

http://www.deccanherald.com/content/511109/india-singapore-elevate-ties-strategic.html

India plans to elevate its relations with Singapore to the strategic level by signing an agreement to this effect even as the island nation plans to showcase its strides in urban planning and skill development during Prime Minister Narendra Modi’s forthcoming visit.

Modi will visit the city-state – which is celebrating its 50th year of independence – on November 23 and 24 and is likely to deliver two addresses there. One address will be at an economic convention comprising top business leaders from both countries and the other, a San Jose-type address to the Indian community at the Singapore Expo stadium, which has a capacity of 17,000. Indian officials denied reports that the Singapore government was restricting entry of its citizens of Indian origin from attending the stadium address.

The two countries have strong, traditional ties. Ethnic Indians there number around four lakh or nearly 10 per cent of the country’s total population. About 70 per cent of the community is of Tamil origin and Tamil is one of the four official languages there.

Industrial applications lead on IoT, not consumers, says NI expert
Source: Electronics Weekly; November 10, 2015

http://www.electronicsweekly.com/news/industrial-applications-lead-on-iot-not-consumers-says-ni-expert-2015-11/

Internet of things (IoT) technologies will have the greatest impact on the engineering community when the technologies are applied to industrial applications such as renewable energy and smart factories.

Industrial applications and not consumer applications such as wearables will become the markets with the largest potential for IoT technologies, says Rahman Jamal, global technology and marketing director, National Instruments.

“I believe that 75% of engineers will be impacted by industrial IoT,” said Jamal.

Industrial IoT will include smart power grids, smart factories and smart cities.

“Industrial applications represent the markets with the highest potential for IoT products and services,” said Jamal, speaking at the NIDays technology conference in London last week.

According to Jamal, industrial IoT is emerging as the key area for the global markets in Asia as well as Europe.
“In Germany it is called Industry 4.0 but in Japan for example the same IoT applications are part of the Industry Value Chain Initiative,” said Jamal.

India eases limits on foreign ownership in bid for capital
Source: The Australian; November 11, 2015

http://www.theaustralian.com.au/business/wall-street-journal/india-eases-limits-on-foreign-ownership-in-bid-for-capital/story-fnay3ubk-1227605098372

India has eased local-sourcing ­requirements for international retailers looking to set up shop in the country, lifted foreign investment limits in a handful of industries and announced a series of other measures aimed at attracting capital from overseas.

The measures were ­announced on the eve of India’s biggest Hindu holiday, Diwali. They covered businesses from construction to palm oil plantations. Finance Minister Arun Jaitley said they were meant to “facilitate more money coming into the country”.

The action signalled Prime Minister Narendra Modi’s determination to push ahead with step-by-step changes despite partisan wrangling that has held up some broader efforts to remake the economy. And they came days after Mr Modi’s party lost a pivotal state election, which could weaken him politically.

A constitutional amendment aimed at simplifying the country’s patchwork tax system stalled during the last session of parliament and the government, facing determined opposition and wary of alienating rural voters, dropped efforts to ease a strict land acquisition law.

Huawei to launch next generation "superphone" by 2020
Source: Daily News & Analysis; November 12, 2015

http://www.dnaindia.com/scitech/report-huawei-to-launch-next-generation-superphone-by-2020-2144670

China's telecommunication giant Huawei on Thursday said the next generation mobile phone called "superphone" will come out around 2020 and open up a new era by transforming perceptions with its enhanced intelligence.

China's telecommunication giant Huawei on Thursday said the next generation mobile phone called "superphone" will come out around 2020 and open up a new era by transforming perceptions with its enhanced intelligence.

Shao Yang, President of Strategy Marketing, Huawei Consumer Business Group (BG), shared Huawei's vision of how the "superphone" will take mankind closer to a world where the physical and digital realities will be further integrated.

The advent of the "superphone" will eventually build a new world of all things digital, all things connected, seamless intelligence integration and merging intelligence, Shao said at the Huawei Innovation Day Asia.

Compiled by IESA Research

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