IESA WINWire Jan 16 - Jan 22, 2016
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IESA Extols ‘Startup India’ Initiative Can Redefine India’s Future Economy
Source: bisinfotech.com; January 16, 2016

http://www.bisinfotech.com/article/iesa-extols-startup-india-initiative-can-redefine-indias-future-economy/

India Electronics and Semiconductor Association (IESA) has extolled the pro-startup initiatives undertaken by the Government of India.

IESA asserts that it has witnessed a huge turnaround in the electronics manufacturing landscape with “Make in India” campaign and same is prognosticated for the ‘Startup India’.

The prime body also said initiatives like Electropreneur Park, which aims to create 50 ESDM startups and at least 5 global companies over 5 years with a focus on IP creation and Product Development, are the proof-points of government’s noble intention. IESA has been closely working with the government in many such initiatives to create a startup ecosystem for the electronics manufacturing.

Eulogize on the initiative, MN Vidyashankar, President, IESA said, “We are in the era of redefining India’s future economy. With focused campaigns, we are gradually moving towards developed economy by creating manufacturing opportunities, bridging India’s digital divide, and now, promoting the entrepreneurial spirits with ‘Startup India’.

Today, India is among the priority nations for any commercial transaction and thereby indicating the country’s steady economic importance in the global landscape. Our entrepreneurs are bound to be benefitted from the nation’s economic upliftment and soon we will witness an entrepreneur in every home.”

Incentives to attract youth to become job creators, says industry
Source: The Hindu Business line; January 16, 2016

http://www.thehindubusinessline.com/economy/incentives-to-attract-youth-to-become-job-creators-says-industry/article8114351.ece

Self-certification, three-year freedom from inspection for environment related laws, tax holiday on profits of new entrepreneurs should attract educated youth to become job creators rather than job seekers, industry chambers said. This comes after Prime Minister Narendra Modi on Saturday announced a slew of incentives while kick-starting the government’s pet project ‘Start-Up India’. “Initiatives like Electropreneur Park, which aims to create 50 ESDM start-ups and at least 5 global companies over 5 years with a focus on Intellectual Property creation and Product Development, are the proof points of government’s noble intention,” India Electronics and Semiconductor Association said in a statement. Stress on innovation and providing patent protection to the innovators would help India improve its record in patent registrations, ASSOCHAM President Sunil Kanoria said. “Start-Up India is an out-of-box idea and its strength lies in taking programme well beyond IT and apps ….the involvement of the private sector and academia through incubation centres should make a difference. What makes it unique is easy exit option for which the bankruptcy law should be passed at the earliest,” Kanoria said. Harshvardhan Neotia, President, FICCI, said, “It is a landmark moment and a major shift as we are looking at an unshackled regime where Government would merely be a facilitator of the entrepreneurship in the country that would provide employment for our large young population”.

Startup India: Key announcements in the action plan unveiled by PM Modi
Source: The Indian Express; January 16, 2016

http://indianexpress.com/article/india/india-news-india/pm-modi-to-unveil-startup-india-movement/

Prime Minister Narendra Modi launched the ambitious ‘Startup India’ Movement to boost digital entrepreneurship at the grassroots level. He spelt out the various salient features of the action plan that was unveiled today. In a major announcement, he said there will be income tax exemption to startups for the first three years. He also promised faster patent registrations and quicker exits for companies. Norms will be relaxed for public procurement of startups, he added. Shamit Khemka, Regional Director, Entrepreneurs Organisation, South Asia reacted to the unveiling of the startup policy.

“This is the first government to recognise the startup space in India in such a big and official manner. We thank and congratulate the government and the prime minister on this initiative. What Mr Modi rightly pointed was that entrepreneurs are scared of government interference, which will Change as there will be less interference and more support,” he said. India Electronics and Semiconductor Association (IESA), the premier trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry, has acknowledged and applauded the pro-startup initiatives undertaken by the Government of India. “The much-awaited unveiling of Startup India by Prime Minister of India has brought lots of positively among the entrepreneurs in India. We are elated by the fact that India has the 3rd largest number of start-ups globally. IESA applauds the Govt. to be a facilitator to build the startup nation. With the Government’s support, a startup can be built in a day which will definitely motivate many young entrepreneurs to turn ideas into action thereby increasing the jobs in India as well. Amongst the many action plans discussed, I would like to share my views on the Legal support for filing patents at free of cost and 80% reduction in filing patent fee.

IESA Applauds ‘Startup India’ Initiative
Source: Electronics maker; January 16, 2016

http://electronicsmaker.com/iesa-applauds-startup-india-initiative

India Electronics and Semiconductor Association (IESA), the premier trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry, has acknowledged and applauded the pro-startup initiatives undertaken by the Government of India. IESA, being an industry association, has witnessed a huge turnaround in the electronics manufacturing landscape with “Make in India” campaign. The association believes ‘Startup India’ will soon replicate a similar success. Initiatives like Electropreneur Park, which aims to create 50 ESDM startups and at least 5 global companies over 5 years with a focus on IP creation and Product Development, are the proof points of government’s noble intention. IESA has been closely working with the government in many such initiatives to create a startup ecosystem for the electronics manufacturing. MN Vidyashankar, President, IESA said, “We are in the era of redefining India’s future economy. With focussed campaigns, we are gradually moving towards developed economy by creating manufacturing opportunities, bridging India’s digital divide, and now, promoting the entrepreneurial spirits with ‘Startup India’. Today, India is among the priority nations for any commercial transaction and thereby indicating the country’s steady economic importance in the global landscape. Our entrepreneurs are bound to be benefitted from the nation’s economic upliftment and soon we will witness an entrepreneur in every home.”

Entrepreneurship key to transform Make in India: ESDM
Source: Webindia; January 16, 2016

http://news.webindia123.com/news/Articles/India/20160115/2770374.html

India Electronics and Semiconductor Association (IESA), the lobby body representing the Indian Electronic System Design and Manufacturing (ESDM) industry, said that it has been relentlessly working towards creating a strong startup ecosystem in the ESDM sector, and aims to create more institutions like Electropreneur Park, in every region of India. Initiatives like Electropreneur Park, which aims to create 50 ESDM startups and at least 5 global companies over 5 years with a focus on IP creation and Product Development, are the proof-points of government’s noble intention, the body said. IESA, being an industry association, said that it has witnessed a huge turnaround in the electronics manufacturing landscape with “Make in India” campaign. The association believes ‘Startup India’ will soon replicate a similar success. It has also supported startups like Sensegiz, Cardiac Design Labs, Xenon and many more in securing funding. The body has also applauded the pro-startup initiatives undertaken by the Indian government. “We are in the era of redefining India’s future economy. With focused campaigns, we are gradually moving towards developed economy by creating manufacturing opportunities, bridging India’s digital divide, and now, promoting the entrepreneurial spirits with ‘Startup India’,” MN Vidyashankar, President, IESA, said in a statement.

LIVE: PM Modi to unveil Startup India Movement today
Source: Yahoo; January 16, 2016

https://in.news.yahoo.com/live-pm-modi-unveil-startup-073800253.html

Prime Minister Narendra Modi will on Saturday launch the ambitious Startup India Movement to boost digital entrepreneurship at the grassroots level. The government is expected to earmark around Rs 2000 crore for the initiative.

Transparent tax regime, easier registration norms and simple exit policy will be provided to give a boost to start-ups, Commerce and Industry Minister Nirmala Sitharaman said.

"Finance Minister Arun Jaitley has already spoken in different contexts about simplifying taxation and initiatives are already in place," she said.

11.00 am: India Electronics and Semiconductor Association (IESA), the premier trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry, has acknowledged and applauded the pro-startup initiatives undertaken by the Government of India.

MN Vidyashankar, President, IESA said, “We are in the era of redefining India’s future economy. With focussed campaigns, we are gradually moving towards developed economy by creating manufacturing opportunities, bridging India’s digital divide, and now, promoting the entrepreneurial spirits with ‘Startup India’. Today, India is among the priority nations for any commercial transaction and thereby indicating the country’s steady economic importance in the global landscape. Our entrepreneurs are bound to be benefitted from the nation’s economic upliftment and soon we will witness an entrepreneur in every home.”

Chinese firm LeEco plans to setup research and development centre in India
Source: The Economic Times; January 17, 2016

http://economictimes.indiatimes.com/articleshow/50611665.cms?utm_source
=contentofinterest&utm_medium=text&utm_campaign=cppst

Chinese electronics firm LeEco is planning to a set-up research and development centre in India with a team of about 1,000 people. "We are very interested in this market, and we can build our R&D centre and manufacturing base here. The R&D centre alone, by the end of 2016, could be possibly 1,000 staff strong," Le Holdings Co Ltd Vice President Tin Mok told PTI. He, however, did not disclose the fund LeECo has earmarked for India but said "the investment will be huge". LeECo, earlier known as LeTV, entered India market with launch of smart cycle and now plans to bring Le Superphones along with smart devices such as 3D Helmet, LeMe Bluetooth Headphone and other LeEco ecosystem products like super TV, electric car and music services, among others. "We see Indian's good education system could support our product's localisation as well, and LeEco aims to be a great localised multinational company," Mok said.

Odisha to form core advisory group for IT promotion
Source: Business Standard; January 18, 2016

http://www.business-standard.com/article/economy-policy/odisha-to-form-core-advisory-group-for-it-promotion-116011800640_1.html

Continuing its renewed focus on promotion of Information Technology and electronics sectors, the Odisha government has drawn up a plan to constitute a core advisory group consisting of veterans drawn from the IT industry. "The advisory group will comprise five to six members. We are trying to rope in luminaries from IT industry who will offer suggestions and help us prpeare a detailed blueprint to bring in more investments in IT and ESDM (electronics and system design manufacturing) space", said Pranab Prakash Das, minister for IT & electronics. He said, the state government has approached doyens of IT industry like S Ramadorai, former chief executive officer of Tata Consultancy Services (TCS), Ganesan Natarajan, vice chairman and chief executive officer, Zensar Technologies and Subroto Bagchi, co founder of MindTree Consulting. The state government recently announced the appointment of noted telecom expert Sam Pitroda as the technical advisor for the state.

Pitroda would be offered the rank of a cabinet minister, stated a release from the chief minister's office. The telecom czar is expected to play a crucial role in scripting the IT success story and launching a roadmap for telecom, IT and ITes (IT enabled services) at a time when the Odisha government is preparing a Vision Document 2036 to mark 100 years of formation of the linguistic state.

Telecom gear makers want infrastructure status, tax sops in Budget
Source: The Economic Times; January 19, 2016

http://economictimes.indiatimes.com/industry/telecom/telecom-gear-makers-want-infrastructure-status-tax-sops-in-budget/articleshow/50639595.cms
?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

In the run-up to the budget for 2016-17, local telecom gearmakers want finance minister Arun Jaitley to confer "infrastructure status" and extend tax sops under Section 35AD for domestic manufacturers complying with the government's PMA or `preferential market access' policy. The Telecom Equipment Manufacturers Association of India (TEMA), which represents local telecom product makers, also wants the government to levy a 5% cess on telcos to build a corpus for funding local telecom R&D and IPR creation. Key TEMA members include Bharti Teletech, C-DoT, Bharat Electronics, Sterlite Technologies, HFCL, Lava Mobiles, ITI, Birla Ericsson Optical and United Telecom among others. "Infrastructure status to domestic telecom equipment manufacturing companies complying with PMA provisions will help the industry to benefit from the incentives," said TEMA chairman Emeritus N K Goyal in a statement Tuesday. The PMA policy progressively calls for 100% local sourcing of security-sensitive telecom gear for government contracts.

Goyal said the proposed levy of a "5% cess on telecom service providers" would help create a corpus to support telecom R&D and IPR creation for local product development.

Tema has also sought extension of tax sops under Section 35AD to local telecom gear makers complying with PMA norms to boost local manufacturing of electronics and telecom gear.

Haryana CM on visit: Khattar woos Japan, Suzuki promises investment
Source: The Indian Express; January 19, 2016

http://indianexpress.com/article/cities/chandigarh/haryana-cm-on-visit-khattar-woos-japan-suzuki-promises-investment/

Suzuki exhorted the Japanese entrepreneurs to not only invest in Haryana but also to take the state’s local vendors along. Khattar elaborated the opportunities that his government is offering to the foreign investors inviting them to Haryana and providing them opportunities for investment in fields of IT/ITES, Agro and Food Processing, Healthcare and Medical Education, Skill Development, Electronics Hardware Manufacturing, Textile and Apparel, Defence and Aerospace, and Mass Rapid Transport. At present, various Japanese companies including Suzuki, Honda, Panasonic, Aisin, Mitsubishi, Yokohama, Yakult, Musashi, Mitsui, Asahi, YKK, Stanley, Denso, Asti, Kansai, NHK, NTN, Daikin, Showa, Sande, Koyo etc have their infrastructure facilities in Haryana. On the occasion, Khattar announced that the state government is in the process of setting up a Japanese hostel in Gurgaon for the Japanese nationals visiting India.

While inviting Japanese entrepreneurs to Gurgaon for Happening Haryana Global Investors Summit on March 7-8 and Haryana Parvasi Divas on March 9, Khattar added that “Ministry of Economy, Trade and Industry (METI), Government of Japan and the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India have jointly identified Jhajjar as one of the 12 nodal districts” –

Nasscom inaugurates startup warehouse in Hyderabad
Source: ET Telecom; January 20, 2016

http://telecom.economictimes.indiatimes.com/news/nasscom-inaugurates-startup-warehouse-in-hyderabad/50648996

Nasscom on Monday said it has partnered with the Telangana government and other entities to create a "startup warehouse" that will provide an affordable co-working space to the young entrepreneurs. T-Hub Nasscom Startup Warehouse would take care of young entrepreneurs' concerns of building right product in the market and give them a platform to emerge as stronger players, said Nasscom chairman BVR Mohan Reddy in a statement. T-Hub is a public private partnership (PPP) between Telangana government and Indian School of Business (ISB), International Institute of Information Technology-Hyderabad (IIIT-H) and National Academy of Legal Studies and Research (Nalsar) along with other private sector leaders. Aiming to create a micro ecosystem where startups and entrepreneurs can work together and share experiences, 'Nasscom 10,000 Startups' is setting up 'warehouses' across states. The first startup warehouse was set up in Bengaluru in 2013, followed Kolkata, Navi Mumbai, Pune, Kochi, and Gurgaon. "Nasscom 10,000 startup programme is now looking to launch this facility in other emerging cities in partnership with their respective governments," said Nasscom statement. T-Hub is a public private partnership (PPP) between Telangana government and Indian School of Business (ISB), International Institute of Information Technology-Hyderabad (IIIT-H) and National Academy of Legal Studies and Research (Nalsar) along with other private sector leaders.

Microchip to Acquire Atmel for $3.56 Billion
Source: Hackaday; January 20, 2016

http://hackaday.com/2016/01/20/microchip-to-acquire-atmel-for-3-56-billion/

Just last week, there was considerable speculation that Microchip would buy Atmel. The deal wasn’t done, and there was precedent that this deal wouldn’t happen – earlier this year, Dialog made an approach at Atmel. Now, though, the deal is done: Microchip will acquire Atmel for $3.56 Billion.

There are three main companies out there making microcontrollers that are neither ancient 8051 clones or ARM devices: TI’s MSP430 series, Microchip and Atmel.

Microchip has the very, very popular PIC series microcontrollers, which can be found in everything. Atmel’s portfolio includes the AVR line of microcontrollers, which are also found in everything. From phones to computers to toasters, there’s a very high probability you’re going to find something produced by either Atmel or Microchip somewhere within 15 feet of your person right now.

For the hobbyist electronic enthusiast, this has led to the closest thing we have to a holy war. Atmel chips were a little easier (and cheaper) to program, but were a little more expensive. Microchip’s chips have a very long history and proportionally more proper engineers who are advocates. PIC isn’t Arduino, though, a community that has built a large and widely used code base around the AVR family.

Foxconn offers $5.3 billion to buy Sharp: Report
Source: India Today; January 21, 2016

http://indiatoday.intoday.in/technology/story/foxconn-offers-5-3-billion-to-buy-sharp-report/1/575844.html

Taiwan's Hon Hai Precision Industry Co has offered JPY 625 billion (roughly Rs. 35,531 crores) to buy Sharp Corp and has no plans to replace top management, a gesture aimed at reassuring Japanese authorities worried about an overseas takeover, the Wall Street Journal reported.

Shares in the embattled electronics maker, which is considering a separate proposal from a state-backed fund, the Innovation Network Corporation of Japan (INCJ), jumped more than 20 per cent after the report.

Sources have told Reuters that INCJ is in the lead to rescue Sharp and plans to merge its LCD business with rival Japan Display Inc, in which the fund already has a major stake.

The fund is also considering merging Sharp's home appliances business with Toshiba Corp's, sources have also said.

Media reports have said the fund is offering JPY 300 billion in a bailout, and sources have said such a bailout would also involve Sharp's lenders offering at least JPY 200 billion by converting debt to equity.

Government officials have told Reuters that they prefer a Japanese buyer because they want Sharp's display technology to stay in Japan.

PM seeks innovation fillip from IITians
Source: Times of India; January 19, 2016

http://timesofindia.indiatimes.com/city/guwahati/PM-seeks-innovation-fillip-from-IITians/articleshow/50648512.cms

Prime Minister Narendra Modi on Tuesday urged students of IIT-Guwahati (IIT-G) to come up with innovations that can reduce the country's dependence on imports and give a fillip to the Centre's 'Make in India' campaign.

Giving a clarion call to students to make the country self-sufficient in the manufacture of electronic goods, he said India still has to depend on imports in spite of advancements in the field of science and technology.

Laying the foundation stone of the permanent campus of Indian Institute of Information Technology (IIIT) and launching an Electronics & ICT Academy during his visit to IIT-G, Modi said students in IITs, IIITs and technical institutes should resolve to give new innovations to the world.

"Despite having quality technical institutes, the country is even importing thermometers. For teargas, we have to depend on others. It's time for IITians to make the country self-sufficient," Modi said.

The Prime Minister urged youngsters to work for cyber security to protect the country. Academic and technical institutions must prioritize the needs of the country and then think about catering to the global need for manpower, he added. "India has millions of problems, but billions of brains," he said.

Electrical-electronic manufacturers’ body expects 4-5% growth this fiscal
Source: Hindu Business Line; January 19, 2016

http://www.thehindubusinessline.com/economy/ieema-expects-45-growth-in-fy16/article8124063.ece

The Indian Electrical and Electronics Manufacturers Association (IEEMA) expects 4 to 5 per cent growth this financial year over $25 billion logged in 2014-15.

The apex association, which represents more than 800 manufacturers in the electrical, industrial electronics and power-related sectors, foresees demand accelerating over the next few years.

Aaditya Dhoot, Organising Committee Chairman of Elecrama, told Business Line that the growth could have been much higher but for the cheaper imports flooding the Indian market from China. Expressing concern over imports, he said buyers need to realise that they have to spend more on the maintenance of such equipment.

Elecrama, a flagship event of IEEMA since 1990, will be held in Bangalore from February 13 to 17, where a concurrent meeting of World Electricity Forum will also be held. The meeting will offer an opportunity to interact with some of the global leaders in the sector.

The event is expected to see participation of more than 1,000 delegates from over 100 countries, apart from over one lakh visitors. More than 600 buyers are expected at the event, Dhoot said

Compiled by IESA Research

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