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Amazon India to commence electronic devices manufacturing in India

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NEW DELHI: India’s Electronics & Information Technology, Communications and Law &Justice Minister Ravi Shankar Prasad today held a virtual meeting with Amit Agarwal, Amazon’s Global Senior Vice President and Country Head for India. Range of issues related to digital sector were discussed during this meeting.

After this meeting Amazon India has made an announcement to start manufacturing of electronics products from India. To begin with, Amazon is going to start manufacturing of Amazon Fire TV stick from India.

Speaking on the occasion, Prasad, said “India is an attractive investment destination and is poised to become a major player in the global supply chain in the electronics and IT products industry. Our Government’s decision to launch a Production Linked Incentive (PLI) Scheme has received tremendous response globally. We welcome Amazon’s decision to set up a manufacturing line in Chennai, as it will enhance domestic production capacities, and create jobs as well. This will further our mission of creating an AatmaNirbhar Bharat which is digitally empowered.” Minister also mentioned that it is only a beginning for Amazon’s efforts to manufacture electronics products from India for India and export markets.

Amazon will commence its manufacturing efforts with contract manufacturer Cloud Network Technology, a subsidiary of Foxconn in Chennai and start production later this year. The device manufacturing program will be able to produce hundreds of thousands of Fire TV Stick devices every year, catering to the demands of customers in India. Amazon will continuously evaluate scaling capacity to additional marketplaces/cities depending on the domestic demand.

India has taken several key steps to encourage electronics manufacturing in India. The Production Linked Manufacturing (PLI) for Large Scale Electronics Manufacturing has emerged as a major success with many international companies commencing production of electronics goods from India. Entry of Amazon in this sector adds to the success story of electronics manufacturing in India.

IT Minister wrote on Koo- “Under the leadership of PM Narendra Modi, electronics manufacturing in India has recently attracted some of the biggest investments from global giants. Happy to share Amazon India is the latest to join this success story of India.”

Prasad asked Amazon India to help in taking products made by India’s artisans and Ayurvedic products to global markets through eCommerce Platform. He said, “Amazon is a global company but Amazon India must evolve as a truly India company deeply connected with Indian business community and culture.”

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L&T Technology Services selected by Airbus

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NEW DELHI: L&T Technology Services has announced that it has been selected by Airbus to provide technology and digital engineering solutions for Airbus’ Skywise platform as part of the ‘Skywise Partner Programme’.

With more than 130 airlines around the world already connected to Skywise, the platform is playing a very important part in enabling and accelerating digital transformation of the aviation sector as a whole. LTTS will support the airlines in the development of complex workflows, creation of new interfaces between their existing information systems and Skywise and also provide assistance in their digital transformation with Skywise.

LTTS has a set of highly experienced engineers and data scientists who will work exclusively on the Skywise platform and build solutions to address the digital transformation needs of airlines and the fast-expanding Skywise ecosystem. LTTS’ demonstrated experience in building digital engineering platforms based on strong domain knowledge help strengthen the interdependencies these digital technologies are enabling.

Abhishek Sinha, Chief Operating Officer and Member of the Board, L&T Technology Services commented, “Airbus is one of our valued customers in the aerospace domain, a sector which offers tremendous potential for disruptive business opportunities. We are delighted to be selected as a partner for Airbus Skywise programme, a true reflection of our long-standing partnership with an important market leader like Airbus and our deep understanding of Airbus’ product development and customer needs”.

LTTS has a track record of serving the aerospace landscape for over a decade, helping airlines and aerospace manufacturers maximize their Return on Investments (RoI) and increase quality and output. Having forged strategic alliances with several Fortune 500 companies, LTTS has the strong technical knowledge, aerospace engineering expertise and skilled resources to drive innovation for aerospace and defense customers across the globe.

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Cabinet approves production linked incentive scheme for IT Hardwar

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NEW DELHI: The Union Cabinet chaired by the Prime Minister, Narendra Modi has approved the Production Linked Incentive (PLI) Scheme for IT Hardware. The scheme proposes production linked incentive to boost domestic manufacturing and attract large investments in the value chain of IT Hardware.

The Target Segments under the proposed Scheme include Laptops, Tablets, All-in-One PCs and Servers.

The Scheme shall, extend an incentive of 4% to 2% / 1% on net incremental sales (over base year i.e. 2019-20) of goods manufactured in India and covered under the target segment, to eligible companies, for a period of four (4) years.

The scheme is likely to benefit 5 major global players and 10 domestic champions in the field of IT Hardware manufacturing including Laptops, Tablets, All-in-One PCs, and Servers. This is an important segment to promote manufacturing under AtmaNirbhar Bharat as there is huge import reliance for these items at present.

Financial Implications:

The total cost of the proposed scheme is approximately Rs.7,350 crore over 4 years, which includes an incentive outlay of Rs.7,325 crore and administrative charges of Rs.25 crore.

Benefits:

The scheme will enhance the development of electronics ecosystem in the country. India will be well positioned as a global hub for Electronics System Design and Manufacturing (ESDM) on account of integration with global value chains, thereby becoming a destination for IT Hardware exports.

The scheme has an employment generation potential of over 1,80,000 (direct and indirect) over 4 years.

The Scheme will provide impetus to Domestic Value Addition for IT Hardware which is expected to rise to 20% – 25% by 2025.

Background:

The vision of National Policy on Electronics 2019 notified on 25.02.2019 is to position India as a global hub for Electronics System Design and Manufacturing (ESDM) by encouraging and driving capabilities in the country for developing core components, including chipsets, and creating an enabling environment for the industry to compete globally.

Currently, the laptop and tablet demand in India is largely met through imports valued at USD 4.21 billion and USD 0.41 billion respectively in 2019-20. The market for IT Hardware is dominated by 6-7 companies globally which account for about 70% of the world’s market share. These companies are able to exploit large economies of scale to compete in global markets. It is imperative that these companies expand their operations in India and make it a major destination for manufacturing of IT Hardware.

Given the current global scenario, the world of manufacturing is undergoing a paradigm shift. Manufacturing companies across the globe are looking to diversify their manufacturing locations to mitigate the risk involved in depending on a single market.

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Narendra Modi government working on law to regulate social media: Ram Madhav

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NEW DELHI: Senior BJP leader Ram Madhav said that social media has become so powerful that it can even topple governments, leading to anarchy and weakening democracy, and solutions to tackle this are needed to be found within the constitutional framework.

Speaking at the launch of his new book ‘Because India Comes First’, Madhav said democracy is stressed and facing new challenges with the rise of “non-political” and “non-state” forces.

“Social media is so powerful that it can even topple governments and regulating them is difficult as they are borderless. These forces can promote anarchy, which will weaken democracy but solutions should be within the constitutional framework,” he said at the event hosted by the Prabha Khaitan Foundation on Saturday evening.

The existing laws are not adequate for this, he said.

“We require new rules and laws to tackle and manage.

The government is already working in this direction,” he added.

Madhav’s comments come amid a row between the government and Twitter over blocking of accounts with Information Technology Minister Ravi Shankar Prasad asking the micro-blogging site to follow the Indian law.

Besides, the Supreme Court has issued a notice to the Centre and Twitter on a plea, seeking to regulate hate content and to make a law as per which action can be initiated against Twitter and their representatives in India for willfully abetting and promoting anti-India tweets and penalise them.

Madhav said that in his new book he has penned his observations on several decisions of the Modi government.

Answering a question on Gandhi, he said the RSS does not undermine any leader’s contribution.

Gandhi was a great leader and his mantra of Ahimsa has been adopted by many global leaders, he said.

“There may be differences of opinion, which we even find between Nehru and Gandhi from the letters exchanged between them but that does not mean we disrespect a national leader. In the RSS morning prayer, we have Gandhi’s name along with other leaders,” Madhav said.

On Kashmir, he said that with the abrogation of Article 370, grassroot leaders are coming up against the hegemony of a few families.

He also emphasised that it is the responsibility of the people of the country to make Kashmiris feel that they are part of the 1.3-billion-strong family.

“Kashmiris are victims of propaganda for long. Things are changing but may take some time,” he said.

Source: Press Trust of India

 

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