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 The Dollar Business Bureau Aimed at bringing in more investment and establish foreign collaboration in fields of Electronics and Information Technology, government is focusing on global IT trade fare -CeBIT 201, being held in Hannover, Germany. CeBIT, being held from March 14-18, 2016, will have Aruna Sharma, Secretary, Department of Electronics and Information Technology (DeitY) as a representative from the Indian side, where she is expected to present a case to woo investors towards Indian Electronic and IT sectors. “Aruna Sharma is leading a government -industry delegation to participate in CeBIT 2016," DeitY reportedly said. The delegation includes key officials from Central & State governments and also key executives from the Information & Communications Technology (ICT) companies. This step is part ...

The Union Budget has largely met the expectations of the Electronics Systems Design and Manufacturing (ESDM) sector with number of changes in Indirect tax structure to strengthen manufacturing of IT hardware and mobile phones, says ELCINA Sai Nikesh | The Dollar Business Introduction of Special Additional Duty (SAD) on populated PCBs for a variety of equipment is another key step that would boost Electronic Manufacturing Services (EMS) activity and drive up the demand for components   Aimed at improving electronics and related manufacturing activity in the country, the Government in its Budget 2016-17 has eased Basic Customs Duty (BCD) on majority of hardware equipment through incentivization of domestic value addition under the Make in India move. These include equipment related to manufacture of ...

Source: PTI The event beginning January 7 assumes even larger significance as the year 2015 did not see much industrial activities fructifying on the ground Expectations are running high from the upcoming Bengal Global Business Summit, after a year marked with subdued industrial activities and mounting woes for the traditional jute and tea industries. The three-day Summit, beginning January 7, is being showcased by the Mamata Banerjee as a platform to be part of “a new, business-ready Bengal”, after investment commitments to the tune of Rs.2.43 lakh crore received in its last edition in 2015. The event assumes even larger significance as the year 2015 did not see much industrial activities fructifying on the ground while the state is also headed ...

The Dollar Business Bureau    In a move to boost electronic manufacturing in the country, the government is finalising guidelines for production-linked subsidies for companies willing to manufacture electronic items such as microprocessors, semiconductors and others within India. “We have introduced an element of production subsidy, now we are in process of finalising guidelines and since there are different kinds of projects, we are looking for specific technical inputs,” said Ajay Kumar, Additional Secretary, Department of Electronics and Information Technology (DeitY), on Wednesday. The DeitY official was addressing a roundtable conference on ‘Make in India: Trade and fiscal Incentives for IT hardware and electronics industry,’ organised by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). Stressing on the production subsidy, ...

Source: PTI Corporate India's merger and acquisition (M&A) spree saw a significant uptrend in October, taking the deal tally for the first 10 months this year to $29 billion, says a Grant Thornton report. According to the assurance, tax and advisory firm, there were 58 M&A transactions worth $3,144 million in October, a jump of 233%. M&As were up 35% in terms of the number of transactions. The significant growth in October values was due to big ticket transactions, the report said, adding that seven deals were valued over $100 million each and one was worth a billion dollar. Together, they contributed to around 80% of total M&A value. “Outbound investments and Domestic M&A have been demonstrating signs of growth,” Grant ...

Source: PTI Globally airports are expected to invest over $8 billion in information technology space this year as more and more aerodromes upgrade the facilities to enhance passengers' experience, according to a survey. The annual Airport IT Trends Survey, co-sponsored by Airports Council International (ACI) and SITA in association with Airline Business, also indicated that operators were looking to develop 'smart airports' over the next three years with IT playing a major role in shaping them up. “The rate of investment in IT at airports around the world is rising. SITA estimates it will hit $8.7 billion in 2015. This forecast is a climb from 5.82% of revenues in 2014 to 6.25% this year,” the survey said. Airport Chief Information Officers ...

Source: PTI Projecting "unquestionable" stability of the economy, strong economic fundamentals and administrative reforms brought in by the Modi government, India on Monday pushed for taking the relationship with Central European countries forward in various fields. “As I look at it, there is a great scope to take things forward between our two areas in various fields,” Minister of State for External Affairs V K Singh said at the inauguration of the second edition of India-Central Europe Business Forum (ICEBF) in Bangalore. “Last few years have proved to be defining in the way India and Central European economies have worked to re-energise and redefine the trade and economic ties,” he said. Organised by Federation of Indian Chambers of Commerce and Industry in partnership ...

The Dollar Business Bureau Prime Minister Narendra Modi with the delegates from Pacific Island Countries, in Jaipur on Friday.  Economic cooperation between India and Pacific island countries has the potential to open a host of trade avenues, especially in marine resources, oil and natural gas sectors. Addressing the delegates at the Forum for India-Pacific Islands Cooperation (FIPIC) summit on Friday, Prime Minister Narendra Modi said, “The centre of gravity of global opportunities and challenges are shifting to the Pacific and Indian Ocean region.” An FIPIC trade office will open in New Delhi to strengthen regional trade. “We can support the development of micro, small and medium enterprises and will extend support for purchase of machinery for coconut processing and enhancing rice ...