India expects $56-bn funding in electronics sector
The Dollar Business Bureau S K Marwaha, Director, Department of Electronics and Information Technology, said India is expecting $56 billion worth of investments in the electronics sector by 2020, to meet its rising demand. The government has permitted 100 percent FDI (Foreign Direct Investment) in the electronics sector with a subsidy of 25 percent, Marwaha said on Wednesday, while speaking at 'India Connect' business forum held at CommunicAsia2016 Exhibition in Singapore. He pointed out that there is a need to enhance the electronics sector production by around $300 billion in the next four years, given the high demand for hi-tech products, which will also come from the development and restructuring of 98 Smart Cities (under India’s Smart Cities Mission) across India. ...
NASSCOM makes a strong case for ICT in Smart City initiative
The Dollar Business Bureau In view of the rapid industrialization and urbanization in India, there is a need to embrace innovative approaches to new city development and city management, said the National Association of Software and Services Companies (NASSCOM), in its recent release on Wednesday. A Smart City will effectively deliver public services to citizens and businesses with a balanced focus in terms of modernizing city infrastructure and leveraging technology to improve efficiency and capacity of city services, the IT industry body added. Sharing its vision on the role of Information and Communication Technology (ICT) sector in the Government of India’s 100 Smart Cities Mission, the NASSCOM informed that it has built an innovative framework, in partnership with various ...
