India to promote local semicon exports to developing countries
印度政府將促進國產半導體晶片出口
According to news sources, India intends to have intergovernmental discussions to encourage other countries to buy semiconductor chips manufactured in India.
These negotiations should take place with nations lacking significant semiconductor manufacturing capacities and are currently procuring chips from nations such as China and Taiwan, according to the experts. The idea is to approach developing nations, where there is a higher demand for “legacy node” semiconductor chips that are also less expensive to produce. The goal is also to increase India’s domestic semiconductor production and exports.
Approximately five applicants who filed for incentives under the INR 76,000 crore incentive package offered by the Indian Semiconductor Missions are said to be waiting for official approval to establish semiconductor production facilities.
Government to shortly introduce new PLI scheme for IT hardware: Union Minister
印度近期將公布新的IT硬體生產補助方案
According to Rajeev Chandrasekhar, minister of state for electronics and information technology, the government will soon launch a new production-linked incentive (PLI) scheme aimed at assisting producers of computer servers and IT hardware.
Manufacturers and original equipment manufacturers (OEMs) who incorporate Indian-designed intellectual property (IP) into their systems and products would receive additional incentives under the scheme.
In order to increase India’s market share in the $3 trillion global electronics market, the center is concentrating on enhancing semiconductor and electronics manufacturing.
Samsung India receives show cause notice from DRI
三星印度分公司被印度稅務情報局要求出庭
Samsung India has received a show-cause notice from the Directorate of Revenue Intelligence (DRI) for tax evasion. The DRI questioned why it shouldn’t enforce a duty and interest recovery of Rs 1,728 crore from the company’s subsidiary for allegedly evading customs duties. It has also questioned why the company’s senior management shouldn’t receive a penalty.
The main issue concerns the improper declaration of imports of remote radio heads (RRH), a tiny gadget housed inside a tiny outdoor module and essential to the 4G telecom system. According to the DRI, it is an independent item of equipment and is therefore subject to customs duty. The company has said otherwise.
DRI issues show cause notice to Samsung India, Telecom News, ET Telecom (indiatimes.com)
Companies that operate data centers demand reciprocity in data flow
在印度設立數據中心的業者要求跨國數據流通互惠
Technology infrastructure companies that are constructing data centers in India are requesting from the government that local user data storage and “reciprocity” in cross-border data flows be allowed.
The data center firms have requested that only nations that permit the sending of their citizens’ data to India receive data from Indian users. They also asked that a copy of the data stored overseas be also kept in India. Additionally, it has been suggested that keeping user data in India will be advantageous for the government from an economic, FX, job, and growth perspective.
‘Reciprocity of Data Should Be Allowed’: Data Centre Firms to Govt (thewire.in)
Wholesale price inflation rate drops to 4.95% in December 2022
12月躉售物價指數下降至4.95%
With producers perhaps delaying the pass-through of input costs at the retail level, India’s wholesale price inflation dropped to a 22-month low of 4.95% in December 2022 from 5.85% in November, raising chances of further reduction in the price rise encountered by consumers.
The difference between wholesale inflation and retail inflation, which was 5.88% in November and 5.72% in December, has decreased for the second consecutive month. Retail inflation reached a peak of 7.8% in April 2022, an eight-year high, and remained above the central bank’s tolerance level of 6% for ten months starting in January of last year.
Wholesale price inflation declines to 4.95% in December 2022 – The Hindu
India plans cheaper financing and simpler rules for small retailers: the Union Budget 2023
印度政府將提供更優惠的貸款條件予小型零售商
The Indian government may provide low-cost credit to small retailers and relax some regulations controlling the sector, as the Prime Minister works to protect a sizable voting base that is losing business to e-commerce giants.
The proposal, which could be unveiled in the final full budget before the 2024 general election, aims to drive growth in the smaller physical retail sector, which has been negatively impacted by the entry of firms like Amazon, Flipkart, BigBasket, which is backed by the Tata Group, and Reliance Industries.
India plans cheaper finance, easier rules for small retailers -sources | Reuters