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Prime Minister of India interacts with Startups

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NEW DELHI: The Prime Minister Narendra Modi interacted with Startups today via video conferencing. The Startups gave presentations to the Prime Minister on six themes viz. Growing from Roots; Nudging the DNA; From Local to Global; Technology of Future; Building Champions in Manufacturing; and Sustainable Development.

More than 150 startups were divided into six working groups for the purpose of these presentations. For each theme, there were presentations by two Startup representatives, who spoke on behalf of all the startups selected for that particular theme.

During their presentation, the startup representatives thanked the Prime Minister for the opportunity to provide such a platform to share their ideas, and praised his vision and support to the startup ecosystem. They shared ideas and inputs on a variety of sectors and areas including robust data collection mechanism in agriculture; making India preferred agri business hub; boosting healthcare through use of technology; tackling issue of mental health; promoting travel and tourism through innovations like virtual tours; ed-tech and job identification; space sector; connecting offline retail market with digital commerce; increasing manufacturing efficiency; defence exports; promoting green sustainable products and sustainable means of transport, among others.

Union Ministers Piyush Goyal, Dr Mansukh Mandaviya, Ashwini Vaisnaw, Sarbananda Sonowal,Parshottam Rupala, G. Kishan Reddy, Pashupati Kumar Paras, Dr Jitendra Singh, Som Parkash were among those present on the occasion.

Speaking after the presentations, the Prime Minister said that organization of this Start Up India Innovation week is all the more important in this year of Azadi Ka Amrit Mahotsav as the role of the Start Ups will be critical when Indian freedom reaches its centenary year. “I congratulate all the start-ups of the country, all the innovative youth, who are raising the flag of India in the world of start-ups. For this culture of start-ups to reach the far-flung parts of the country, it has been decided to celebrate January 16 as National Start-up Day”, the Prime Minister announced.

Recalling the concept of the current decade as the ‘techade’ of India, the Prime Minister listed three important aspects of the massive changes that the government is making in this decade to strengthen the innovation, entrepreneurship and start-up ecosystem. First, to liberate entrepreneurship and innovation from the web of government processes, bureaucratic silos. Second, creating an institutional mechanism to promote innovation. And third, handholding of young innovators and young enterprises.

He listed programmes like Startup India and Standup India as part of the efforts. Measures like removing problems of ‘angel tax’, simplification of tax procedure, arranging for government funding, allowing self certification of 9 labour and 3 environment laws and removal of more than 25 thousand compliances have taken the process further. Startup runway on the Government e-Marketplace (GeM) platform is facilitating the provision of startup services to the government.

The Prime Minister said the Government’s effort is to institutionalize innovation in the country by creating attraction for innovation among students since childhood. More than 9000 Atal Tinkering Labs are giving children a chance to innovate in schools and work on new ideas. He added that whether it is new drone rules, or new space policy, the priority of the government is to provide opportunities for innovation to as many youth as possible. Our government has simplified the rules related to IPR registration too, he added.

The Prime Minister noted the exponential rise in the indicators of innovation. He said that in the year 2013-14, 4000 patents were approved, last year, more than 28 thousand patents were granted. In the year 2013-14, where about 70000 trademarks were registered, in 2020-21 more than 2.5 lakh trademarks have been registered. In the year 2013-14, where only 4000 copyrights were granted, last year their number has crossed 16000. The Prime Minister pointed out that India’s campaign for innovation has resulted in improvement of India’s ranking in Global innovation index where India stood at 81 rank but now India stands at 46 rank in the index.

Shri Modi informed that startups of India are working with 55 separate industries and the number of startups has increased from less than 500 five years ago to more than 60 thousand today.

The Prime Minister said “Our Start-ups are changing the rules of the game. That’s why I believe Start-ups are going to be the backbone of new India.” The Prime Minister noted that last year, 42 unicorns came up in the country. These companies worth thousands of crores of rupees are the hallmark of self-reliant and self-confident India. “Today India is rapidly moving towards hitting the century of the unicorns. I believe the golden era of India’s start-ups is starting now”, he added.

The Prime Minister underlined the role of empowerment by entrepreneurship in addressing the problems of development and regional-gender disparities. He mentioned that today, there is at least one startup in each of the 625 districts of the country and more than half of the startups are from tier 2 and tier 3 cities. These are converting ideas from ordinary poor families into businesses and lakhs of young Indians are getting employment.

Shri Narendra Modi singled out India’s diversity as a key strength and keystone of India’s global identity. He said that Indian unicorns and startups are the messenger of this diversity. The Prime Minister said start-ups from India can easily reach other countries of the world. So “don’t just keep your dreams local, make them global. Remember this mantra- let’s Innovate for India, innovate from India”, he exhorted the innovators.

The Prime Minister suggested many areas where the startup ecosystem can play a major role. He said that extra space on the PM GatiShakti National Master Plan can be used for EV charging infrastructure. Similarly, areas like defence manufacturing, chip manufacturing offer many possibilities. He dwelled on the drone sector and said that many investors have been investing in drone startups after the new drone policy. Army, Navy and Air Force have given 500 crore rupee worth orders to drone startups. In urban planning, the Prime Minister touched upon ‘walk to work concepts’, integrated industrial estates and smart mobility as potential areas.

The Prime Minister remarked that the millennials today are the cornerstone of both the prosperity of their families and the self-reliance of the nation. ‘From rural economy to Industry 4.0, both our needs and our potential are limitless. Investment on research and development related to future technology is the priority of the government today”, he said.

Referring to the future prospects, the Prime Minister said that as of now only half of our population is online, therefore future possibilities are immense and he appealed to the start- ups to move towards villages also. “Whether it is mobile internet, broadband connectivity or physical connectivity, aspirations of villages are rising and rural and semi-urban areas are waiting for a new wave of expansion”, he said.

The Prime Minister told the startups that this is a new era of innovation i.e. ideas, industry and investment and their labor, enterprise, wealth creation and job creation should be for India. “I am standing with you, the government is with you and the entire country is standing with you”, he concluded.

Appointments

Bharti Airtel appoints Naval Seth as head of investor relations

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NEW DELHI: Bharti Airtel, India’s leading communications solutions provider, today announced the appointment of Naval Seth as the Head of Investor Relations. In this role, Naval will spearhead Airtel’s representation amongst investors, lenders, equity partners, & financial institutions and will report to Soumen Ray, Chief Financial Officer.

Welcoming Naval to the role, Soumen Ray, Chief Financial Officer, Bharti Airtel said: “We are delighted to have Naval with us. His deep relationships with the investment community, strong subject knowledge in Equity Research and Capital Markets will add immense value to the company as we steer ahead in our growth journey. I wish Naval the very best”

Naval joins Airtel from Emkay Global Financial Services Limited where he was Deputy Head of Research. Prior to that, he had worked with ICICI Securities Limited. Naval brings with him over 14 years of experience in Equity Research and Capital Markets. He has a deep research experience across both B2B and B2C facing businesses along with a trusted relationship with the investment community.

Over the years, Naval has been recognized for in-depth and differentiated research across the sectors- Telecom, Media and Consumer Discretionary. He has also been consistently voted by institutional investors and also ranked in Asia Money polls.

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Nokia,Samsung sign 5G patent license agreement

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NEW DELHI: Finland-based company Nokia said that it has signed a new cross-license patent agreement with Samsung following the expiry of the previous agreement at the end of 2022.

Under the agreement, which covers Nokia’s fundamental inventions in 5G and other technologies, Samsung will make payments to Nokia for a multi-year period beginning 1 January 2023. The terms of the agreement remain confidential between the parties.

Jenni Lukander, President of Nokia Technologies, said: “Samsung is a leader in the smartphone industry, and we are delighted to have reached an amicable agreement with them. The agreement gives both companies the freedom to innovate, and reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D and contributions to cellular standards and other technologies.”

The agreement is consistent with the assumptions that Nokia has disclosed in the long-term Nokia Technologies outlook commentary in its Financial Report for Q3 and January-September 2022 issued on October 20, 2022.

Nokia’s industry-leading patent portfolio is built on more than €130 billion invested in R&D since 2000 and is composed of around 20,000 patent families, including over 4,500 patent families declared essential to 5G. Nokia contributes its inventions to open standards in return for the right to license them on fair, reasonable and non-discriminatory (FRAND) terms. Companies can license and use these technologies without the need to make their own substantial investments in the standards, fueling innovation and the development of new products and services for consumers.

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Truke brings in BTG X1 TWS earbuds with 40ms low latency, 48 hr battery life and RGB lights

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NEW DELHI: German-origin personal audio brand Truke has come up with yet another product for audiophiles and gamers in India, called BTG X1 TWS earbuds, which come with an  introductory price of Rs 999 for today (January 4).

The all-new BTG (Born To Game) earbuds will be available at a regular price of Rs 1,499 on marketplaces like Amazon and Flipkart, Croma etc. starting tomorrow (January 5).

Truke, in a press statement, said BTG X1 delivers an ultimate gaming experience through its true gaming mode which claims to offer the best-in-class ultra-low latency of up to 40ms. Audiophiles and music lovers can relish a cinematic music experience with BTG X1’s 12mm Titanium speaker drivers, the company said.

To tune into those long gaming and music-listening sessions, the all-new Truke BTG X1 offers an unparalleled total playtime of up to 48 hours, including 10 hours of playtime on a single charge. The true wireless half-in-ear earbuds are embedded with a Quad-Mic Environmental Noise Cancellation (ENC) and comes with a 20RGB gaming characterized case design.

Pankaj Upadhyay, founder and CEO at Truke India, said, “Truke BTG X1 will immediately transform the gaming and music-listening experience of customers at a fraction of the price. The new product has been launched in response to the increasing demand for our expertise in the gaming earphones market.”

“The pandemic saw an immediate surge in the gaming sector across India, with around 507 million gamers in the country alone. Online gaming in India reached a figure of USD 1.3 billion in 2021, showcasing a 28% growth from USD 906 million in 2019. This presented us with the opportunity to broaden our horizons, and with Truke BTG X1, we can set out to provide consumers with cutting-edge, high-performing earbuds dedicated to gaming,” he said.

“Moreover, the success of our other products like BTG1, BTG2, BTG Alpha, and BTG3, which had sales of more than half a million units, clearly indicates a good foundation for BTG X1. We sincerely appreciate the support of all our loyal customers, and with the new product, promise to enhance their gaming and music experience even further,” Upadhyay noted.

The company further said the launch of this product is in complete accordance with Truke’s vision to establish itself as the go-to brand across the sound ware and sonic accessories space with its product offerings that claims to blend the best in state-of-the-art technology, power, performance, customer experience, and affordability.

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