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Apple seeks changes in PMP for setting up unit in India

The Dollar Business Bureau  American tech giant Apple Inc has sought changes in the phased manufacturing programme (PMP) of the government as the iPhone maker plans to establish a manufacturing unit in India. The Ministry of Electronics and IT came out with the PMP with the objective to boost indigenous manufacturing of mobile phones by offering tax sops and other incentives on accessories and components used in the devices. This programme will be implemented over a period of time. “The department of electronics and information technology (DeitY) is looking at this. They want alignment of duty structures on the mobile components which it proposes to make here. In the current PMP, Apple's plan is not fitting,” an official told to PTI. DeitY is having ...

DeitY eyes Hannover trade fare for investments

 The Dollar Business Bureau Aimed at bringing in more investment and establish foreign collaboration in fields of Electronics and Information Technology, government is focusing on global IT trade fare -CeBIT 201, being held in Hannover, Germany. CeBIT, being held from March 14-18, 2016, will have Aruna Sharma, Secretary, Department of Electronics and Information Technology (DeitY) as a representative from the Indian side, where she is expected to present a case to woo investors towards Indian Electronic and IT sectors. “Aruna Sharma is leading a government -industry delegation to participate in CeBIT 2016," DeitY reportedly said. The delegation includes key officials from Central & State governments and also key executives from the Information & Communications Technology (ICT) companies. This step is part ...

Subsidy for electronics manufacturers to boost electronic industry

The Dollar Business Bureau    In a move to boost electronic manufacturing in the country, the government is finalising guidelines for production-linked subsidies for companies willing to manufacture electronic items such as microprocessors, semiconductors and others within India. “We have introduced an element of production subsidy, now we are in process of finalising guidelines and since there are different kinds of projects, we are looking for specific technical inputs,” said Ajay Kumar, Additional Secretary, Department of Electronics and Information Technology (DeitY), on Wednesday. The DeitY official was addressing a roundtable conference on ‘Make in India: Trade and fiscal Incentives for IT hardware and electronics industry,’ organised by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). Stressing on the production subsidy, ...

India to market Make in India at Hannover Messe 2015 industrial fair in Germany

 The Dollar Business Bureau India is all set to market the main vehicle of its growth story, ‘Make in India’ in one of the leading industrial fairs of the world – Hannover Messe 2015 (Germany) as a Partner Country this year. The fair scheduled to open on April 12, 2015 will have Indian Prime Minister, Narendra Modi as part of the opening ceremony, where the India Pavilion will be jointly inaugurated by him and the German Chancellor, Angela Merkel, the following day. Six Indian States - Maharashtra, Andhra Pradesh, Punjab, Gujarat, Rajasthan and Uttar Pradesh have scheduled seminars to highlight investment and infrastructure opportunities in their respective regions. Government of India's Ministries and Departments will present 6 seminars involving ...

India committed to imports-free electronics sector by 2020

Sai Nikesh | The Dollar Business In view of the growing domestic demand and to curb imports in future, the Government of India announced plans to provide proper infrastructure support to the electronic manufacturing sector in the country. In this regard, the government will be investing $10 billion in chip manufacturing facilities coming up in Gujarat and Uttar Pradesh, where a consortium of manufacturing firms have come up to set up the production bases. This was informed by RS Sharma, Secretary, Department of Electronics and Information Technology (DeitY), Government of India, in New Delhi on Thursday. Addressing the first Indian Electronics Expo organised by Electronics and Computer Software Export Promotion Council (ESC), the official also informed India’s move to invest ...

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