The Ministry of Electronics and Information Technology (Meity) is looking at a proposal to generate 1.5-2 direct jobs for every Rs 1 crore invested by companies under the proposed electronic components production-linked incentive (PLI) scheme. If this plan fructifies, a Rs 10,000 crore investment under the proposed PLI scheme would bring with it the expectation of creating 15,000-20,000 direct jobs in electronic components sector.
Apple and Samsung are international players and should work as a team with domestic companies to transform India into a global powerhouse: IT Minister Ravi Shankar Prasad.
The recorded sales include both notebooks and desktop personal computers as of March 2008. Information Technology consumption in 2007-08 was led by a significant growth in notebook sales, which grew by 114 per cent, industry performance review by Manufacturers Association for Information Technology, the apex body representing India's IT hardware sector said. Western and Southern India recorded a maximum growth in PC consumption at 39 per cent each.
While an estimated 3.3 lakh tonnes of e-waste is generated in India, about 50,000 tonnes is imported or dumped in the country. Only 40 per cent of India's total e-waste is recycled, and the rest is left in storehouses due to an inefficient collection system.
The move came against the backdrop of Turkiye backing Pakistan and its condemnation of India's strikes on terror camps in the neighbouring country and Pakistan-occupied Kashmir under Operation Sindoor.
Personal computer sales has crossed the five million-unit mark in 2005-06, registering a 32 per cent growth over the previous fiscal.
The US tech major is planning to begin local production of its upcoming iPhone 12 by next April - within six months of its launch.
The reason: Less-than-expected sales to households and enterprises and the rupee losing value against the US dollar, says the latest report of the MAIT. Analysts say the personal consumption of notebooks has come down and enterprises have also stopped new purchases due to the slowdown in hiring. Educational institutes should be buying new machines, but that will happen when the new academic session begins.
Falling demands from household and corporate sector and a strengthening dollar has hit sales of desktops and notebooks in the country, registering a fall of 19 per cent in the October-December period, said MAIT, an IT industry body representing the hardware sector, on Monday.
Goods and services tax (GST) collections from mobile device companies, amounting to Rs 1.82 trillion between 2020-21 (FY21) and 2023-24 (FY24), have already generated more than five times the revenue for the government compared to the Rs 34,149 crore allocated under the production-linked incentive (PLI) scheme for mobile devices over six years ending 2025-26 (FY26). Currently, the GST on mobile devices stands at 18 per cent.
Manufacturers Association of Information Technology on Tuesday demanded that excise duty should be halved to eight per cent to provide necessary tax incentive to the languishing sector.
Better marketing, more recyclers needed, say hardware makers.
India Inc has suffered a massive loss of over Rs 43,000 crore (Rs 430 billion), in the recently concluded financial year due to non-availability and mismanagement of power, a study says.
The personal computer sales during the first quarter ended June 30, 2003 crossed 640,000 units, a growth of 26 per cent over the year-ago period, according to the Manufacturing Association of Information Technology.
Sales of PC declined by seven per cent to 67,90,000 units from 73,40,000 units in 2007-08, an annual review by the Manufacturers Association for Information Technology said. Sales of desktops declined four per cent at 52.7 lakh units. The net book appeared to be better insulated from the prevailing market sentiment with sales of netbooks exceeding 70 thousand units in fiscal 2008-09.
Sales of PCs are likely to reach 72.5 lakh units this fiscal following a steady demand from various industries.
Buoyed by increased consumption and price-drop, the personal computer sales touched 30 lakh units (3 million) in 2003-04, registering a growth of 32 per cent over the previous fiscal.
Personal computer sales crossed 36.3 lakh units during 2004-05, registering a growth of 20 per cent over 2003-04 on the back of strong household sales.
Personal computer penetration in the country has almost trebled from 6.3 per 1,000 people in 2000-01 to 18 per 1,000 in 2005-06, according to data provided by the Manufacturers' Association for Information Technology.
The number of active Internet subscribers during 2003-04 increased 64 per cent to 23 lakh (2.3 million) from 14 lakh (1.4 million) in the previous fiscal, according to the Manufacturers Association for Information Technology.
Marking a significant turnaround in personal computer sales, the desktop PC market clocked 23 lakh (2.3 million) units, registering a 37 per cent growth during 2002-03, compared to a negative growth of 11 per cent last year.
The number of active Internet subscribers in terms of entities increased marginally to 1.30 million in September 2002 against 1.29 million in March 2002.
Personal computer sales crossed 17.1 lakh (1.71 million) units during the first half of the current fiscal, showing a growth of 37 per cent over the same period last fiscal.
Personal computer sales in the country are likely to grow 40 per cent during 2004-05 touching 4.2 million units, the Manufacturers Association of Information Technology said on Thursday.
The Manufacturers'Association for Information Technology has presented a memorandum to the ministry of finance, for growth-oriented measures to boost domestic manufacturing.
'Our business continues to roll out its strategy, the role of this GDTC continues to grow.'
The growing complexity of E2Ws and the evolving threat landscape make it challenging to guarantee complete immunity from attacks.
The government on Friday put on hold the preferential market access (PMA) policy that provided for sourcing of sensitive telecom and electronic equipments and technology from domestic manufacturers over security concerns.
Finance Minister Nirmala Sitharaman on Thursday said Pradhanmantri Suryodaya Yojana will enable one crore families to get up to 300 units of free electricity monthly and help them save up to Rs 18,000 annually. "There is provision of Rs 10,000 crore for rooftop solar (scheme) in the Budget," said finance secretary T V Somanathan in press conference on Budget later in the day. Earlier in the day Sitharaman in her interim Budget speech said through rooftop solarisation, one crore households will be enabled to obtain up to 300 units of free electricity each month.
'He needs to see results while he is in office.'
India and the US on Friday said they have started talks to put in place a strategic framework for human space flight by year-end as they plan to send an Indian astronaut to the International Space Station in 2024.
Tulsi Tanti, the founder chairman and managing director of Suzlon Energy and a renowned expert on renewable energy, died due to cardiac arrest on Saturday evening. Tanti, 64, who was also the chairman of the Indian Wind Turbine Manufacturers Association, was on his way to Pune from Ahmedabad when he suffered a cardiac arrest, a company official said. He is survived by his daughter Nidhi and son Pranav.
