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Deity

Rs 110 Billion To Boost The Indian Electronics Industry: DeitY

Thursday, September 05, 2013: Over the last couple of decades, India has been the epicenter of consumer demand fuelled by a phenomenal GDP growth. While all sectors have been poured in with heavy demands, one sector that stands out is the high-end electronics products. The demand for the same has grown multifold during the last [...]

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Long Awaited Electronics-Specific Venture Capital Funds For Manufacturing Likely To Get Rolling Soon

The government has hinted that the entry of Venture Capital firms into electronics manufacturing projects is finally on the anvil with DeitY already into advanced talks with some of the players who could invest in one of the government’s projects starting next month. While it is undoubtedly a welcome sign to boost local manufacturing for [...]

electronics-depection

Taiwanese Electronic Manufacturing Company Set to Invest Rs 500 Million in India

Thursday, August 22, 2013: With the current happenings in the Indian electronics industry and a boost from the government side, international electronics manufacturers are showing interest for investing in the country. Taiwan-based power backup provider, CyberPower Systems Inc has revealed its plans to invest Rs 500 million in the country. The company aims to sell [...]

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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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Hike in Import Duty for Electronics Goods Unlikely

In government’s overdrive to curb the current account deficit from the current 4.8 percent to targeted 3.7 percent for the fiscal year 2013-14, the import of electronic goods had almost became the proverbial sacrificial lamb! However, hard calculation and dissection seem to have prevailed and electronic goods are likely to escape higher import duty as [...]

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India Walking a Tightrope on National Solar Mission Phase II amidst US Opposition

With the United States filing a complaint against India’s domestic content requirement (LCR) in the Jawaharlal Nehru National Solar Mission (JNSSM) with the Dispute Settlement Body of WTO in the backdrop of Ontario verdict and ministry for New & Renewable Energy (MNRE) in India insisting LCR clause is judicious, the ministry of Commerce and Industry [...]

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Odisha Targets Top 10 IT/ITES & 5 ESDM Companies By 2020 In The Proposed ICT Policy

In a bid to catch up with other states with lucrative IT/ICT policies to promote investment in IT and ESDM sectors, the proposed policy that is in the final stage of getting formulated doles out subsidy sops and incentives for IT parks. Wednesday, 07 August, 2013: The new Information & Communication Policy for the state [...]

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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 [...]

Photo Courtesy PIB

Industry Captains to PM: ‘Convert decisions into actions to Bring the Economy Back to Track’

Monday, July 29, 2013: The Prime Minister`s Council on Trade & Industry met at his residence, 7 Race Course Road, New Delhi to brainstorm and discuss key problems relating to subdued growth, volatile exchange rate and widening current account deficit giving the Indian economy an outlook of gloom. The agenda focused on measures to correct the [...]