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India starts inviting application for Rs 50,000 crore electronic incentive schemes

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NEW DELHI: The government of India headed by Prime Minister Narendra Modi has always believed in transformative programs be it Digital India, Make in India and Startup India.

These initiatives have empowered ordinary Indians, led to digital inclusion, encouraged innovation and entrepreneurship and raised the stature of India as a global digital power.

Promotion of electronics manufacturing has been a key component of Make in India program. With efforts such as the National Policy on Electronics, 2019, Modified Special Incentive Scheme (MSIPS), Electronics Manufacturing Clusters and Electronics Development Fund etc., India’s production of electronics grew from USD 29 billion in 2014 to USD 70 billion in 2019.

The growth in mobile phone manufacturing in particular has been remarkable during this period. From just 2 mobile phone factories in 2014, India now has become the 2nd largest mobile phone producer in the world. Production of mobile handsets in 2018-19 has reached 29 crore units worth Rs. 1.70 Lakh crore from just 6 crore units worth Rs. 19,000 crore in 2014.

While the exports of electronics has increased from Rs. 38,263 crore in 2014-15 to Rs. 61,908 crore in 2018-19, India’s share in global electronics production has reached 3% in 2018 from just 1.3% in 2012.

Prime Minister Narendra Modi has given a clarion call for Aatma Nirbhar Bharat – a self-reliant India. Minister of Electronics and IT Ravi Shankar Prasad has often elaborated that this does not mean India in isolation but India as a major country of the world with appropriate technology, capital including FDI and extraordinary human resource contributing significantly to the global economy.

With a view to building a robust manufacturing ecosystem which will be an asset to the global economy we are looking forward to developing a strong ecosystem across the value chain and integrating it with global value chains. This is the essence of these three Schemes namely, the (i) Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing, (ii) Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and (iii) Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme.

The PLI Scheme shall extend an incentive of 4% to 6% on incremental sales (over base year) of goods manufactured in India and covered under the target segments, to eligible companies, for a period of five years subsequent to the base year.

The SPECS shall provide financial incentive of 25% on capital expenditure for the identified list of electronic goods, i.e., electronic components, semiconductor/ display fabrication units, Assembly, Test, Marking and Packaging (ATMP) units, specialized sub-assemblies and capital goods for manufacture of aforesaid goods. The EMC 2.0 shall provide support for creation of world class infrastructure along with common facilities and amenities, including Ready Built Factory (RBF) sheds / Plug and Play facilities for attracting major global electronics manufacturers, along with their supply chains.

The triology of Schemes entail an outlay of about Rs. 50,000crore(approximately USD 7 billion).The Schemes will help offset the disability for domestic electronics manufacturing and hence, strengthen the electronics manufacturing ecosystem in the country. The three Schemes together will enable large scale electronics manufacturing, domestic supply chain of components and state-of-the-art infrastructure and common facilities for large anchor units and their supply chain partners. These Schemes shall contribute significantly to achieving a USD 1 Trillion digital economy and a USD 5 Trillion GDP by 2025.

The three new Schemes are expected to attract substantial investments, increase production of mobile phones and their parts/ components to around Rs.10,00,000 crore by 2025 and generate around 5 lakh direct and 15 lakh indirect jobs.

5g

Telecom Service Providers to start 5G trials in different locations across India

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NEW DELHI: The Department of Telecommunications (DoT), Government of India, approved today, permissions to Telecom Service Providers (TSPs) for conducting trials for use and applications of 5G technology. The applicant TSPs include Bharti Airtel Ltd., Reliance JioInfocomm Ltd., Vodafone Idea Ltd. and MTNL.

These TSPs have tied up with original equipment manufacturers and technology providers which are Ericsson, Nokia, Samsung and C-DOT. In addition, Reliance JioInfocomm Ltd. will also be conducting trials using its own indigenous technology.

The permissions have been given by DoT as per the priorities and technology partners identified by TSPs themselves. The experimental spectrum is being given in various bands which include the mid-band (3.2 GHz to 3.67 GHz), millimeter wave band (24.25 GHz to 28.5 GHz) and in Sub-Gigahertz band (700 GHz). TSPs will also be permitted to use their existing spectrum owned by them (800 MHz, 900 MHz, 1800 MHz and 2500 MHz) for conduct of 5G trials.

The duration of the trials, at present, is for a period of 6 months. This includes a time period of 2 months for procurement and setting up of the equipment.

The permission letters specify that each TSP will have to conduct trials in rural and semi-urban settings also in addition to urban settings so that the benefit of 5G Technology proliferates across the country and is not confined only tourban areas.

The TSPs are encouraged to conduct trials using 5Gi technology in addition to the already known 5G Technology. It will be recalled that International Telecommunications Union (ITU) has also approved the 5Gi technology, which was advocated by India, as it facilitates much larger reach of the 5G towers and Radio networks.The 5Gi technology has been developed by IIT Madras, Centre of Excellence in Wireless Technology (CEWiT) and IIT Hyderabad.

The objectives of conducting 5G trials include testing 5G spectrum propagation characteristics especially in the Indian context; model tuning and evaluation of chosen equipment andvendors; testing of indigenous technology; testing of applications (such as tele-medicine, tele-education, augmented/ virtual reality, drone-based agricultural monitoring, etc.);and to test 5G phones and devices.

5G technology is expected to deliver improved user experience in terms of data download rates (expected to be 10 times that of 4G), up to three times greater spectrum efficiency, and ultra low latency to enable Industry 4.0. Applications are across a wide range of sectors such as agriculture, education, health, transport, traffic management, smart cities, smart homes, and multiple applications of IOT (Internet of Things).

DoT has specified that the trials will be isolated and not connected with the existing networks of TSPs. Trials will be on non-commercial basis.

The data generated during the trials shall be stored in India. TSPs are also expected to facilitate the testing of the indigenously developed use cases and equipment as part of the trials. One hundred applications/ use cases selected by DoT after conducting the recent Hackathon on 5G applications can also be facilitated in these trials.

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Jio Platforms fourth quarter net profit zooms 47.5% to Rs 3,508 crore

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NEW DELHI: Jio Platforms on Friday posted a net profit of Rs 3,508 crore for the fourth quarter ended March 2021, a 47.5 per cent jump over the year-ago period, according to a company statement.

Its revenue from operations came in at Rs 18,278 crore, a growth of about 19 per cent compared to the corresponding period of the previous year.

The company said its total customer base as on March 31, 2021 stood at 42.62 crore.

During the quarter, Jio’s Average Revenue Per User (ARPU) — a key metrics for telcos — was at Rs 138.2 per, lower than Rs 151 clocked in December quarter.

“ARPU for Q4FY21 was Rs 138.2, with sequential decline driven by transition from Interconnect Usage Charges (IUC) to Bill and Keep regime effective 1st January 2021, and lower number of days during the quarter,” the company said in a statement.

Mukesh D Ambani, Chairman and Managing Director, Reliance Industries, said: “Jio has a highly engaged 426 million customer base and remains committed to enhancing digital experiences not only for our existing customers but, for all individuals, households, and enterprises across the country. With its path defining partnerships over the last couple of years, Jio will continue to strive towards making India a premier digital society.”

Ambani noted that Covid has brought forth new challenges for the country, and added that Jio’s on-the-ground teams are working tirelessly to address all issues for ensuring seamless customer service.

JPL (Jio Platforms) closed its first full year of operations with revenue and EBITDA of Rs 73,503 crore and Rs 32,359 crore, respectively, despite Covid-related challenges, the statement added. For the full year FY21, the net profit was at Rs 12,537 crore.

Source: Press Trust of India

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HCL Infosystems names Alok Sahu as CFO; to succeed Kapil Kapur

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NEW DELHI: HCL Infosystems on Wednesday said its Chief Financial Officer Kapil Kapur has resigned from the company.

The company’s Board of Directors has named Alok Sahu to succeed Kapur for the position of CFO with effect from June 1, 2021, a regulatory filing said.

“… we submit that Mr KapilKapur, CFO of the company has informed the company about his resignation from the said position with the company with effect from the closing hours of May 31, 2021 to pursue other opportunities & interests,” it said.

Alok Sahu, a chartered accountant by profession, is a finance professional who has over 25years of experience in spearheading financial and accounting functions, the filing said.

He has been associated withHCL Infosystems since 1995.

Source: Press Trust of India

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