February 27, 2024

We are creating some awesome events for you. Kindly bear with us.

How India supports indigenous technology manufacturing

According to a document released by the Ministry of Electronics and Information Technology, the “Digital India Compendium”, Digital India has generated new pathways for the creation and development of digital start-ups and indigenous technology in the country.

The digital entrepreneurship ecosystem that the initiative has created promotes domestic hardware and software manufacturing. This ecosystem has the potential to boost markets, create new jobs, and increase growth.

The demand for an Electronics System Design and Manufacturing (ESDM) is estimated to grow exponentially to US $400 billion by 2023. The document said India’s government attaches high priority to electronics and IT hardware manufacturing.

It is expected to generate domestic wealth and employment, apart from enabling a cyber secure ecosystem. The electronic manufacturing sector requires a continuous push with the overall objective of promoting Make in India, not only to meet domestic demands but also to promote India as a hub for electronics manufacturing.

The government wants to create a level playing field for domestic manufacturers to enable them to compete with imports in the sector by the rationalisation of the tariff structure, the simplification of procedures, and by providing incentives and upgrading infrastructure.

As a result of various measures taken over the last few years, the production of electronics hardware has shown a significant increase. Indian electronics hardware production has increased from IN ₹190,366 crores (approximately US $27.3 billion) in 2014- 2015 to IN ₹387,525 crore (approximately US $55.7 billion) in 2017-2018, registering a Compound Annual Growth Rate (CAGR) of 26.7%, against a growth rate of 5.5% in 2014-2015.

Several policy initiatives under Digital India and Make in India programmes are designed to facilitate investment, foster innovation, protect intellectual property, and build a robust manufacturing infrastructure.

Phased Manufacturing Programme – Mobile Manufacturing

To promote the domestic manufacturing of mobile handsets, the government created a phased manufacturing roadmap that outlines the appropriate fiscal and financial incentives to be promoted over a period of time.

There has been almost a 29% rise in the production of mobile phones since last year. It is estimated that about 670,000 people are employed (directly and indirectly) by units that manufacture mobile phones and parts or components.

Electronics Development Fund (EDF)

The Electronics Development Fund (EDF) has been set up as a “Fund of Funds” to participate in professionally managed “Daughter Funds”, which, in turn, will provide risk capital to companies developing new technologies in the area of electronics, Nano-electronics, and IT.

The EDF has invested IN ₹53.5 crores (approximately US $7.6 million) in six Daughter Funds, which have made investments of IN ₹177.3 crores (approximately US $25.5 million) in 47 ventures and start-ups. Total employment in supported start-ups was around 4,200.

Electronics Manufacturing Clusters (EMC)

EMCs aid the growth of the ESDM sector, help the development of the entrepreneurial ecosystem, drive innovations, and catalyse economic growth by increasing employment opportunities and tax revenues.

Modified Special Incentive Package Scheme (M-SIPS)

To offset disability and attract investments in electronic manufacturing, the Modified Special Incentive Package Scheme (M-SIPS) provides 20-25% subsidies for investments in capital expenditure to set up new manufacturing facilities or expand existing ones.

The M-SIPS incentives are available in any industrial area notified by the centre, state, or local authorities across the country. The incentives are available for 44 categories of electronic products and product components. The scheme was open to receiving applications until the end of 2018. The incentives are available for a period of five years from the date of approval of the application.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Send this to a friend