Search Result for : Department Of Electronics And Information Technolo

The Dollar Business Bureau The umbrella organisation for all the retail payment systems in India, National Payments Corporation (NPCI), has set a target to increase three times the number of point of sale (PoS) machines to 5.5 million at merchant outlets in the coming six months from the current number of  2.4 million. “We are aiming to increase the number of PoS machines to 5.5 million by end-September. Apart from the traditional machines, newer kinds will also be introduced," said AP Hota, Managing Director & Chief Executive on Thursday. Under the target, NPCI is aiming to introduce 1 million each of conventional, Aadhaar-based and Bharat QR-based PoS machines, he said. On April 14, the Aadhaar-based PoS machine will be launched, ...

The Dollar Business Bureau  The government has not been taking any decision on Apple Inc’s wish-list with regards to its plan to establish a manufacturing unit in India until there is clarity on the tax incentives that will be accommodated in the upcoming goods and services tax (GST) regime.  Aruna Sundarajan, Secretary, Ministry of Electronics and IT said on Friday that a decision on tax incentives to Apple can only be taken when tax rates under the GST regime are finalised.  Sundarajan said that the GST is still in the evolving stage. Apple is asking a favourable duty regime, to make it profitable for them to manufacture in India. Therefore, it needs to be looked into how favourable should that something be. But the ...

The Dollar Business Bureau The Confederation of Indian Industry’s (CIIs) Indian Gaming Show (IGS) 2017, a four day event, commenced on February 2nd 2017, in New Delhi. Supported by the Ministry of Electronics and IT, this show brings together biggies in the world of gaming like HTC, Epson, PlayStation, Asus and Samsung under one roof. Speaking at the event, Minister of Electronics and IT P.P Chaudhary announced that the $890 million dollar Indian Gaming Industry is expected to achieve double digit growth. He also stated that increasing smartphone users, rising disposable income, and wider accessibility of the internet combined with the catching up of gaming trend, will remain key factors in the development of the Indian Gaming Industry. As per report released on ...

The Dollar Business Bureau Nirmala Sitharaman, Indian Minister for Commerce and Industry, met Denis Manturov, Russian Minister of Trade and Industry, to discuss ways to boost bilateral trade relations between the two countries in several sectors, including the high-end engineering sector. “There is a strong potential for growth in India-Russia bilateral trade. Be it high-end engineering, or manufacturing, India is moving towards being synonymous to quality, reliability and durability,” Sitharaman said. Sitharaman, in a meeting with Russian Minister, discussed several specifics to further boost industrial and trading relations, according to a statement. The Indian Commerce Minister is heading a delegation of businesses to Russia. The businesses are taking part in the INNOPROM 2016 – an international industrial trade fair held every year. “We feel proud to be ...

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. ...

 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 ...

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 ...