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11th Anniversary

Nominations Open for IESA Technovation Awards 2016
Source: IESA - Last day to file nominations! is 21 October 2016

IESA has kick-started Technovation Awards 2016. IESA has been awarding and rewarding new breakthroughs in the ESDM space through Technovation awards for both Industry and academia. Over the years the Technovation awards have set quality standards for the electronics and semiconductor ecosystem. The Awards will honor India’s best individual contributors and organizations that drive the industry forward; and provide them with a platform to showcase their achievements and product successes.

So Hurry Up and Send your nominations now!

Nominations Open for IoTNext Awards 2016
Source: IESA - Last day to file nominations! is 28 October 2016

IoTNext 2016 Awards, jointly organised by IESA & TiE Bangalore, focus on IoT Startups highlighting the most innovative products developed in India for the Electronics and Semiconductor Industry. All India based local and global companies that have a direct/formal presence in India or conduct product development in India can participate.The Awards aim to promote and support startups and entrepreneurs in fabless semiconductor and electronic products in the IoT or connected devices space.

India, US to add advance manufacturing in their Science and Technology Dialogue
Source :Business Standard, 1 October 2016

In a move aimed at furthering the 'Make in India' initiative, India and the US have agreed to add "advance manufacturing" in their Science and Technology Dialogue. Agriculture science and ocean wave modelling have also been added to the India-US collaboration in the field of science and technology.

A decision in this regard was taken during the India-US S&T Joint Commission Meeting held at the White House.

45% ‘Make in India’ MOUs translate into investments
Source: Khabar India, 1 October 2016

About 45 percent of the proposed investments that the BJP-led Maharashtra government had bagged during the ambitious ‘Make in India’ conclave in February have started to materialise and translate into actual work, said the state industries department.

The state had touted to have signed 2,606 MoUs worth Rs 8.04 lakh crore during the grand conference held in Bandra Kurla Complex. “Of all these MoUs, 262 companies have actively come forward, identified lands with many even having paid the required amount to show that they are serious about their investment in Maharashtra.These companies together have committed an investment of Rs 3.65 lakh crore,” said state industries minister Subhash Desai.

Investment upto 2 lakh crores for India’s electronics system design, manufacturing space in next four years: IESA
Source: ELE Times, 3 October 2016

India Electronics and Semiconductor Association (IESA) would be represented in other countries as well, with front offices opening up in Taiwan and Japan to attract investment.

India’s electronics system design and manufacturing sector are on the verge to receive investments up to Rs 2 lakh crore, in within the next four years as stated by the Industry body India Electronics and Semiconductor Association (IESA). IESA president M N Vidyashankar said that applications cleared at the Central and state level are worth about Rs 1.5 lakh crore over the last two-and-half years, under various programs in the Electronics System Design and Manufacturing (ESDM) space.

Vidyashankar said IESA, the trade body representing the ESDM industry in India, would set up front offices in Taiwan (Taipei) by December and Japan (Fukoka) soon to attract investment. IESA is also contemplating opening offices in the US and South Korea.

IITian diaspora urged to make Startup India a success
Source: Hindustan Times, 3 October 2016

India has urged the IITian diaspora to invest in Prime Minister Narendra Modi’s Startup India campaign to promote a culture of innovation in its ancestral land.

Speaking at the 2016 International Conference of the IIT Alumni Canada which brought over 400 IITians from the US, Canada and Australia to Toronto, Indian Consul General Dinesh Bhatia urged the IITian diaspora to make the Startup India campaign a success.

India is now an over $2 trillion economy and there are huge offers huge opportunities for IITians to become part of its success story, Bhatia told the techie conference, which, this year, is focused on “Towards a Sustainable and Prosperous Future: Focus on Technology, Health and Environment”.

Nasscom announces 'Change Makers Summit' for women entrepreneurs
Source: The Times of India, 3 October 2016

With a view to highlighting women's efforts in the startup ecosystem, assess opportunities and connect them with the business eco-system, Nasscom on Monday announced the 10,000 Startups programme the "Change Makers Summit 2016".

The premier trade association of Indian Information Technology and Business Process Outsourcing industry said daylong event will take place on October 7 in Bengaluru.

Growth in manufacturing activity slows down: PMI
Source:Money Life, 4 October 2016

India's manufacturing activity lost some momentum in September due to softer increase in new business inflows, a key macro-economic data showed on Monday. However, the data report pointed out that manufacturing business conditions improved for the ninth straight month, albeit rather slowly.

The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- a composite indicator of manufacturing performance -- declined to 52.1 last month from 52.6 in August.

Bharat Electronics’ Rs 2,171 crore buyback offer to open on Oct 6
Source: The Hindu, 4 October 2016

Defence PSU Bharat Electronics has said its Rs 2,171 crore equity shares buyback offer will open on October 6. In a letter of offer for buyback, Bharat Electronics’ manager to the buyback offer, IDBI Capital Markets & Securities Ltd said: “This Buyback offer will open on Thursday, October 6, 2016 and close on Friday, October 21, 2016.”

The record date for determining the buyback entitlement and names of eligible shareholders is September 27. The comapny’s board has approved a proposal to buy back 1.66 crore shares at a price of Rs 1,305 apiece, for over Rs 2,171.15 crore, which is not exceeding 25 per cent of the aggregate of the fully paid-up share capital and free reserves, BEL said in a filing to the BSE.

India fourth in manufacturing PMIs for September in Asia
Source: Mint, 4 October 2016

India’s Nikkei India Manufacturing Purchasing Managers’ Index (PMI) slipped a bit to 52.1 in September, compared with 52.6 in August.

The chart shows how well India has fared in manufacturing sector growth in September against the previous month, among the countries in Asia. Several countries saw their PMI dip below the 50-mark, which indicates their manufacturing sectors contracted from the previous month.

Delegation from Gujarat to Visit Taiwan and Singapore
Source :Business News Wire, 4 October 2016

The delegations led by Mr. Ashwini Kumar, IAS, Secretary to Hon’ble Chief Minister of Gujarat and Mr. Roopwant Singh, IAS, Managing Director, Gujarat Informatics Ltd., will be meeting representatives of the Governments of Taiwan & Singapore along with various industry leaders and academicians from multiple sectors. The delegates will also discuss some of the investor friendly policies, the favorable economic ecosystem and seamless approval procedures that Gujarat offers, making it one of the most sought after investment destinations globally. Gujarat was also ranked number 1 in ‘Ease of Doing Business’ in 2015 amongst all states of India in a joint study by the Government of India and World Bank.

Speaking on the delegation visit to Taiwan, Mr. Roopwant Singh said, “Our delegation’s objective is to strengthen relationship between Taiwan and India where Gujarat will play an important part by offering avenues across various sectors to further enhance business relationships between the two countries. We shall be pitching Gujarat’s strengths to potential investors across areas such as Infrastructure, Finance and Smart City Development. We also aim to leverage the platform of TAITRONICS 2016 to bring in new investments in the electronics manufacturing sector in Gujarat.”

HTC's Relegation to Google Contractor Completes a Story of Demise
Source: NDTV Gadgets, 5 October 2016

In electronics manufacturing there's no better sign you've made the big league than winning a deal to supply an international brand. Conversely, nothing says loser more than an international brand being relegated to the minor league of contract work.

Google, of Android operating system fame, released its first Pixel smartphones Tuesday to replace its Nexus lineup. HTC has been selected to assemble the device, becoming for Google what Foxconn is to Apple. "Google has done the design work and a lot of the engineering," the Mountain View-based company's hardware chief Rick Osterloh told Bloomberg News.

Hindustan Aeronautics planned IPO values it at Rs 20,000cr; to hit market in January
Source: The Financial Express, 6 October 2016

The government-owned military plane maker Hindustan Aeronautics (HAL) is finally set to hit the market in January with an initial public offering (IPO).

Official sources said the government has decided to list the Bengaluru-headquartered PSU after an understanding was reached with regulator Securities and Exchange Board of India regarding certain relaxations in the disclosure requirements, as are available to defence companies worldwide.

Startup incubation centre at Trinity Metro station in a month
Source: The Times of India, 6 October 2016

According to an agreement signed between the Bangalore Metro Rail Corporation (BMRC) and city-based Candor Management Services Private Limited (a talent solutions company) on Tuesday, the business incubation centre will be established at the Trinity station, located near Trinity Circle on MG Road. BMRC spokesperson UA Vasanth Rao told TOI that the incubation centre will be functional within a month.

The facility will augment the state government's efforts to position Bengaluru as one of the top startup ecosystems in the world.

MediaTek to triple India workforce to 1,500 in 3 years
Source: Business Standard, 6 October 2016

Mobile chipset maker MediaTek plans to triple its India workforce to 1,500 people over the next three years, a move aimed at cashing in on the talent pool in one of the world's fastest growing smartphone markets.

The company has already invested USD 450 million in the Indian market to strengthen its R&D capabilities and on driving innovation through investment in tech companies. "MediaTek employs 500 people in India now, and is expected to triple the number to 1,500 in three years," it said in a statement. MediaTek had set up its India office in Noida in 2004. In the same year, it invested USD 350 million to expand its business and establish an R&D facility in Bengaluru.

HLL to set up India’s first med-tech manufacturing hub in Tamil Nadu
Source: Vartha, 7 October 2016

In an effort to bolster the government’s Make in India programme with indigenous manufacture of medical equipment and devices, mini-ratna PSU HLL Lifecare Ltd will set up Medipark in 330-acres of land in Chengalpattu in Kancheepuram district of Tamil Nadu.

Medipark, which will be India’s first medical technology manufacturing cluster, has been given a major push with the Union Cabinet now granting HLL permission to sublease the land, which was originally leased to it by the Ministry of Health & Family Welfare for implementation of the project.

Defence Start-ups: Helping Indian Military With Tech on Borders
Source: The Quint, 7 October 2016

A small, lightweight thermal imaging device called ‘Arjun’, that lets a soldier see around corners and shoot targets without entering the line of fire or ‘Cobra’ – a dual sensor thermal weapon – that comes with an inbuilt wireless video interface enabling real time video output to the commander.

Tonbo Imaging is literally the ‘poster-boy’ of the growth story of cutting edge technology in India. Inspired by the unique imaging capability of a dragon fly's eye, Tonbo (Japanese name for the Dragon Fly) specialises in products like advanced night-vision cameras, fire control systems, advanced weaponry through “nature-inspired technology.”

DIPP taking steps to resolve problems faced by startups: Secy
Source: Money Control, 7 October 2016

The industry department has identified roadblocks faced by startups and is in talks with other departments to resolve the issues to provide favourable policies for budding entrepreneurs. "We have identified a number of problems of the startups," Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek said today. Elaborating on roadblocks, he said that for external commercial borrowings, the present regulatory framework is not favourable and there are many conditions. The secretary said that DIPP has taken up the matter and they "have done a serious meeting" on the issue.

Compiled by IESA Research

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