AP to generate 2 lakh jobs in electronics and IT in 2 yrs
The Dollar Business Bureau Andhra Pradesh will create about two lakh jobs in the field of electronics manufacturing and information technology (IT) sector in the coming two years, said the state’s IT minister Nara Lokesh. “In order to fulfil the target, the focus will be on manufacturing medical devices, in addition to the manufacturing of consumer durables and mobile phones” Lokesh, who is the son of Chief Minister N Chandrababu Naidu and holds the portfolio of Panchayati Raj said. He met Ravi Shankar Prasad, Union Minister for Information Technology on Wednesday and asked for his assistance in a variety of IT-related projects which are in the pipeline and have the possibility to create jobs. “The Union minister assured us help as Andhra Pradesh is growing fast in both the ...
Apples iPhone SE local production to start this month
The Dollar Business Bureau US-based technology giant Apple Inc on Wednesday said it is starting initial production of iPhone SE in a ‘small number’ in Bengaluru and begin the shipping of its ‘Made in India’ phone to domestic consumers this month. “We are beginning initial production of a small number of iPhone SE in Bengaluru. iPhone SE is the most popular and powerful phone with a four-inch display in the world and well begin shipping to domestic customers this month,” the company said. Earlier, in February, the government of Karnataka had announced the proposal of Apple to begin initial manufacturing process in Bengaluru. Priyank Kharge, IT Minister, Karnataka government had said on March 30 that Apple Inc would be ready to commence the assembling of iPhones in Bengaluru within a ...
Aadhaar-enabled payment coming soon
The Dollar Business Bureau The government has unveiled a path-breaking payment method, routed in the revolutionary Aadhaar Card, a unique identification mechanism that uses biometrics. Soon, the Indian citizen will walk into shops and settle his bills using his Aadhaar number, making wallets or mobile phones redundant for the purpose of making payments. "We are going to start Aadhaar Pay. People can visit any merchant, share their Aadhaar number and verify themselves using biometrics to pay and receive money," Electronics and IT Minister Ravi Shankar Prasad said. Not specifying a date for its launch, the Minister said that Aadhaar Pay will soon be implemented. The new payment idea has already roped in 14 banks, and is in the process of enrolling other banks. Bharat Interface for Money (BHIM), a mobile payments application recently launched by the government to boost digital transactions, is also ...
Micromax plans for expansion, to invest Rs. 2000 cr
The Dollar Business Bureau Micromax, a leading mobile handset manufacturer of India, said that it plans to invest Rs.2,000 crore over the next 5-6 years, to expand its business. The handset manufacturer set up a new manufacturing unit in Hyderabad with an initial investment of Rs.100 crore. This is the second plant of the Bhagwati Products Ltd, the manufacturing subsidiary of the company. Speaking at the inauguration of the plant on Thursday, Rajesh Agarwal, co-founder of Micromax, said that the company will expand its operations this year to two to three countries. “Having presence already in Russia and SAARC countries, we are now looking for expansion to Iran, African and CIS countries,” he said. The handset maker targets a growth of 25 percent during the ...
Policies and reforms creating demand for technology: Minister
The Dollar Business Bureau The Union Minister for Communications and Information Technology, Ravi Shankar Prasad on Friday, said that the Make in India Policy, Smart cities, Digital India and liberalization of defence manufacturing, among others are creating larger demand for the technology solutions and hardware in India. The Union Minister expressed his vision towards creating a larger scope for technology solutions and hardware in the Indian market. He was speaking to M K Tsai, global Chairman, Media Tek, one of the largest chip-design companies in the world. In a meeting with the Union Minister, M K Tsai informed the Minister that his company is committed to provide technology services to India and is keen on expanding its base in the country. ...
