IESA supports Government of India’s Digital India Campaign

The trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry, IESA (India Electronics and Semiconductor Association) has extended full support to the Government of India towards the launch of “Digital India” campaign. The trade and industry body has applauded Hon’ble Minister of Communications & Information Technology Ravi Shankar Prasad’s agenda to promote electronics manufacturing in a big way and invitation to entrepreneurs to “Make in India”.

“We appreciate the Government of India’s Digital India programme and its huge thrust on the Electronics Development Fund which will give impetus towards inclusive growth in the areas of electronic services, products, manufacturing and job opportunities and call to reduce dependence on imports. The defined focus on ‘Design in India’ is well aligned to IESA’s ‘Innovation Led Design and Design Led Manufacturing’ vision to achieve India’s manufacturing reality. The three-point agenda around Electronics Development Fund (EDF), Centre of Excellence for IoT and National Centre for Flexible Electronics (NCFlexE), are key for the ESDM sector,” said M. N. Vidyashankar, President, IESA.

m n vidyashankar iesa 300x300 IESA supports Government of India’s Digital India Campaign

M. N. Vidyashankar, President, IESA

The Electronics Development Fund will provide greater incentivization to R&D and incubation centres to spur the local IP development and product creation which constitutes almost 50% value addition for electronic goods. Domestic production of electronics has been a major focus for the present government and the EDF is a step to the need to reduce India’s electronics import bill.
See more at: http://www.varindia.com/iesa-supports-government-of-indias-digital-india-campaign/

Comments

Post a Comment

Popular posts from this blog

N Chandrasekaran appointed chairman of Tata Sons

Image
The board of directors of Tata Sons, at its meeting has unanimously appointed N Chandrasekaran as executive chairman, Tata Sons. N Chandrasekaran shall take charge from February 21, 2017. The board of Tata Sons said, “Chandrasekaran has demonstrated exemplary leadership as the chief executive officer and managing director, Tata Consultancy Services. We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead.” Chandrasekaran was the chief executive officer and managing director of Tata Consultancy Services since 2009. A Tata lifer, he had joined the company in 1987 and was appointed as a director on the board of Tata Sons on October 25, 2016.
Read more

Visa buys NFT based CryptoPunk and paid $150,000 in Etherium

Image
Visa buys NFT based CryptoPunk and paid $150,000 in Etherium:  Leader in the digital payments   Visa   has purchased a digital CryptoPunk for $150,000, marking the company's first ever   NFT   purchase. The deal is clearly shows that, Visa is stepping into the world of NFTs with its purchase of   CryptoPunk 7610 .   Going forward, NFTs and Visa to align and integrate them in new brand strategy to gain a sizable market share. However, NFTs have often been compared to physical collectible items like rare trading cards and works of art.   The CryptoPunk 7610, which feBlatures a female punk with a mohawk and large green eyes. "We envision there could be a future where your crypto address becomes as important as your mailing address," Visa's Head of Crypto said.   An NFT - which stands for non-fungible token - is a unique digital asset designed to represent ownership of a virtual item. Unlike bitcoin and other cryptocurrencies, NFTs can’...
Read more

Prizm Payment Services changes its name to Hitachi Payment Services

Image
Hitachi Payment Services Pvt. Ltd has changed its corporate name from Prizm Payment Services Pvt. Ltd (“Prizm Payment Services”) to Hitachi Payment Services Pvt. Ltd (“Hitachi Payment Services”). “The new name reflects Hitachi’s commitment to business expansion in India, and to build a strong global financial payments offering leveraging the expertise of the Prizm Payment Services acquisition. Hitachi sees immediate potential to grow in the Asian subcontinent markets with the epicentre of growth being India, and migrate into other markets. Also, the name change will have no change on Prizm Payment Services’ operations,” said Loney Antony, Managing Director, Hitachi Payment Services. “Hitachi had acquired Prizm Payment Services with the aim of accelerating global development of IT services businesses targeting financial institutions, particularly in the fast-growing Asian region, and the company has been the gateway of entering into the services business in India for Hitachi. We ...
Read more