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Showing posts with the label 15 prime minister of india

Make in India: Gionee to invest $50 million to make handsets in India

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Chinese smartphone maker gionee will invest $50 million approximately 330 core over next 3 years to make handsets in india. Taking Narendra Modi’s Make in India announcement ahead, the company has partnered global manufacturers Foxconn and Dixon to begin India production. Gionee’s ‘Make In India’ will happen at the facilities of Dixon Technologies and Foxconn which are based at Delhi-NCR and Andhra Pradesh respectively. Foxconn will start this association by manufacturing F Series and P Series phones from the existing Gionee portfolio while Dixon will be making feature phones and other smartphones for Gionee in India. Both the partners will start production in October. They have a capacity of more than 1.2 million handsets per month between them.Gionee said it will also increase investment in its R&D team in India which will work on software to give a better consumer experience... Read more

Union Cabinet gives nod to newly proposed Spectrum Trading Guidelines

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Soon after taking the decision on spectrum sharing, Prime Minister Narendra Modi has approved a proposal of the Department of Telecommunications (DoT) on the guidelines for spectrum trading arising from the recommendations of the Telecom Regulatory Authority of India (TRAI). Together with the earlier decision, this is expected to transform the spectrum usage in the telecom sector. The salient features of the norms for spectrum trading shall include:     Spectrum trading will be allowed only between two access service providers. Only outright transfer of right to use the spectrum from the seller to the buyer shall be permitted.     Spectrum trading will not alter the original validity period of spectrum assignment as applicable to the traded block of spectrum.     The seller shall clear all his dues prior to entering into any agreement for spectrum trading. Thereafter, any dues recoverable up to the effective  ... Read more