Government Bans Duty Free TV Imports from August 26; Says The Move Unrelated To Falling Rupee

Amidst speculations that the government was seriously contemplating to extend its decision to hike import duty of items like Gold, Silver and Platinum to non-essential goods like TVs and refrigerators in order to curb the current account deficit, we first heard that the decision was shelved due to India’s compliance with various international treaties with [...]

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Jolt To India’s ‘Fab’ Plans: Planning Commission Halts Rs 250 Billion Proposal to set up 2 Fab Units

There may be some more time before India has its Semiconductor Wafer Fabrication (Fab) units, with a potential of creating about 30 million direct & indirect jobs by 2020, as the planning commission has shot down DeitY’s implementation proposal in its current form after Union cabinet had approved the project in principle in 2011. Friday, [...]


Chhattisgarh Claims highest Subsidy from the Centre under National Solar Mission

Tuesday, July 30, 2013: As per a list published by the ministry of New and Renewable Energy of state-wise funds released during 2012-13 under the Off-grid and Decentralized Solar scheme of Jawaharlal Nehru National Solar Mission, states such as Chhattisgarh, Rajasthan and UP have managed to get huge subsidies from the ministry in the amounts [...]


Government Transfers First Wireless Traffic Control Technology to Indian Companies

While commending the R&D efforts of CDAC in bringing about this art-of-the-state technology, Union minister Kapil Sibal also emphasized on the need to have much more partnership with private sector in R&D and opined that government should ideally have regulatory role only for a better market economy. Wednesday, July 24, 2013: In a significant move [...]


Praful Patel launches Electrical Mission Plan 2022; Calls for Govt. Intervention for Domestic Industry’s Growth

While launching the Mission Plan for Electrical Equipment Industry, 2012-22 that aims to increase the industry output to $100 billion from the current value of $25 billion, the union minister Praful Patel unequivocally pitched for protection of and preference to domestic industry by the government saying this is the norm world over and India too [...]


Govt. Kick-Starts Setting Up Tech Centres To Develop Skilled Manpower For ESDM & MSME Sector

The first MSME Technology Centre at Bengaluru promises to be a magnet for investment in the state. As it is, Karnataka is one of the few states to have a separate investment & incentive policy for ESDM sector. Coupled with a robust infrastructure, the investment in these sector is set to skyrocket in the coming [...]


First Investment Approvals Worth Rs 9.61 Billion Under Modified Special Incentive Package scheme

Putting to rest the speculations that bureaucratic lethargy may have been delaying the execution of ambitious Modified Special Incentive Package Scheme (MSIPS) to promote manufacturing investment, the government has set the ball rolling by sanctioning three big proposals and promising 14 more within a month. Friday, July 12, 2013: Indian units of Samsung Electronics and [...]


Big Ticket Investment worth Rs 35.4 Billion in Andhra Pradesh Electronic Clusters

Tuesday, July 16, 2013: The Government of Andhra Pradesh will soon begin working on the e-hardware clusters to come up in Hyderabad that entails a total investment of Rs 35.4 billion. The amount includes the central and state government contributing Rs 9.4 billion to develop the infrastructure while the rest of the investments will be [...]


Gujarat Seeks Tariff Cut for Solar Power Plants

The Gujarat government has suddenly realized that it is paying high costs for being an early entrant into the solar business by being the first state to have a solar specific incentive policy in 2009 and is now seeking regulatory intervention to reduce the tariff that it thinks was erroneously fixed! Tuesday, July 16, 2013: [...]


Electronics Industry Roots for Tapping Huge Potential in Design; Seeks Embedded Tech Parks

While a lot of impetus has been thrust upon manufacturing sector in electronics, the potential in design has remained largely untapped. Instead, India’s competitors like Taiwan, China and Korea has benefited hugely by India’s design capabilities. $20 billion worth of chips manufactured in these countries has chip design work done in India that go into [...]