Cabinet approves spending of Rs 14,903 crore to enhance the Digital India program The government’s flagship Digital India scheme would be extended for an additional five years, from FY2021–22 to FY202–26, with funding totaling Rs 14,903 crore, as approved by…
Govt plans up to Rs 50,000 crore outlay to subsidize EVs: FAME-III scheme The initial draft of the third phase of the FAME, or Faster Adoption and Manufacturing of Electric Vehicles Scheme, has been developed by the Union Government. After consulting…
A NASSCOM analysis predicts that AI would increase India’s GDP by 450–500 billion dollars by 2025, or 10% of the goal GDP of USD 5 trillion. The adoption of AI has been pioneered by highly digitized sectors like IT, financial…
India limits import of laptops and PCs with immediate effect According to government notice, imports of laptops, tablets, and personal computers have been stopped with immediate effect. This action was done to promote domestic manufacturing. Minister of State of information…
Following Micron, semiconductor component manufacturers to launch operations in India The semiconductor ecosystem is starting to become more locally oriented. At least 4 to 5 of the leading suppliers of parts and materials to the semiconductor industry are expected to follow…
Centre To Provide Startups With Export Incentives In June 2023, India’s exports of products decreased by 13% year over year. In addition to lowering compliance with existing exporters, the Centre has created export incentives for startups and new exporters. Startups…
Indian fintech regulatory companies leave their imprint on global stage In foreign markets, a number of startups that provide services for digital documentation and verification are now well established. Indian software companies have been exporting their services for many years.…
Digital Personal Data Bill receives Cabinet approval The Digital Personal Data Protection Bill, 2022 was passed by the Union Cabinet on Wednesday, July 5. The law is most likely to be submitted during the Parliament’s Monsoon Session, which begins on…
Top Taiwanese tech companies considering India as their next production hub Due to the increasing Sino-US trade disputes and China’s military tensions near Taiwan, major Taiwanese companies are increasingly considering moving their production bases from China to Europe, North America, the…
Visit to India by a Taiwanese corporate delegation to explore electronics, telecom, software, and ICT A 10-member Taiwanese business delegation from Taiwan recently traveled to India to look into potential partnerships in the fields of electronics, telecommunication, and information technology as well…