Weekly News Updates-India Jan 19 to Jan 25, 2023

India Stack to offer digital public goods to seven nations; Made-In-India Operating System tested; Comprehensive revision of bankruptcy law proposed; Prioritization for energy storage and green hydrogen; Smartphone shipments decline in 2022

India Stack to offer digital public goods to seven nations: MoS IT Rajeev

印度電子信息技術部Rajeev部長: India Stack將提供數位公共財給7個國家

According to Rajeev Chandrashekhar, minister of state for electronics and information technology, as many as seven nations will sign up with India to use India Stack’s digital public goods.

At the World Government Summit, which will take place from February 13–15 in Dubai, these agreements will be signed. The meeting is anticipated to draw participants from more than 140 countries.

According to sources, countries are primarily interested in DigiLocker, a secure cloud-based platform for storing, distributing, and verifying documents and certifications, above other foundational identity programs like MOSIP and UPICoWIN. In India, 144 million people have used the platform as of now.

Seven countries to sign up for India Stack’s digital public goods: MoS IT Rajeev Chandrasekhar, Telecom News, ET Telecom (indiatimes.com)

‘BharOS’, Made-In-India Operating System, Tested

印度設計的作業系統「BharOS」進行測試中

Dharmendra Pradhan, Union Minister for Communications, Electronics and Information Technology and Union Education minister, evaluated “BharOS” on Tuesday. BharOS is an indigenous operating system (OS) created by the Indian Institute of Technology, Madras (IIT).

BharOS has a great focus on security and privacy. It is an Indian government-funded project to develop a free and open-source OS for use in government and public systems. 

The project seeks to encourage the adoption of locally created technology while reducing reliance on foreign OS in smartphones. The development of an indigenous environment and an independent future represents a giant step forward. BharOS Services are currently being provided to organizations that have strict privacy and security requirements and whose users handle sensitive information that requires confidential communications on restricted apps on mobiles.

‘BharOS’, Made-In-India Operating System, Tested. Check Out Its Features (ndtv.com)

India proposes a comprehensive revision of its bankruptcy law

印度將重新修訂公司破產法

The Ministry of Corporate Affairs (MCA) has proposed more than 40 changes to India’s insolvency law, which might have an effect on how recovery is distributed among creditors, decriminalize business failures, allow the dissolution of empires, and grant the government additional powers in situations of public interest. This seeks to bring about more technology, transparency, and swiftness in the resolution of corporate insolvency.

The seven-year-old Insolvency and Bankruptcy Code was passed at a time when overleveraged companies and rising default rates were straining India’s banks. Although the law experienced some early success, it was generally hampered by legal backlogs and pandemic-related disruptions.

IBC: India’s Insolvency And Bankruptcy Code Set For Sweeping Overhaul – Bloomberg

Budget 2023: The energy sector may prioritize energy storage and green hydrogen.

印度2023年政府預算:將以儲能和綠氫為重點補助項目

According to a report, energy sector could receive a significant boost from the Union Budget 2023, with energy storage, green hydrogen, and pumped hydro storage as the main areas of attention.

While solar is anticipated to remain the backbone in meeting the goal of having 500 GW of non-fossil fuel power, perks like reduced import taxes on solar modules could be implemented until there is adequate domestic module manufacturing capacity.

The report also stated that the budget might encourage domestic battery and electrolyzer production through PLI or other incentive schemes. The reintroduction of schemes like generation-based incentives may also help to revive the domestic wind energy industry. Additionally, tax reductions and incentives are anticipated in the budget to encourage the expansion of the infrastructure for charging electric vehicles.

Budget 2023: Energy storage, Green Hydrogen could be key focus areas in energy, Auto News, ET Auto (indiatimes.com)

 Smartphone shipments in India decline by 6% in 2022, moderate growth in 2023

2022年智慧手機出貨量降低6%,預計2023年將有微幅成長

According to Canalys report, India shipped 151.6 million smartphones in 2022, a 6 percent decrease from 2021.  Additionally, the market had its first-ever decline in shipments over the holiday season, which decreased by 27% to 32.4 million.

For the first time since July–September 2017, Samsung topped the charts from October to December (Q4) 2022, shipping 6.7 million devices and capturing a market share of 21%. Vivo, which shipped 6.4 million units primarily through offline channels, came in second. In Q4 2022, Xiaomi lost its top spot after 20 quarters and slipped to third with shipments of 5.5 million devices.

For the entire year 2022, Xiaomi remained the top vendor. With shipments of 5.4 million and 2.7 million devices, Oppo and Realme held onto fourth and fifth place, respectively.

India’s Smartphone Shipments Fall By 6% In 2022, Moderate Growth In 2023: Canalys Report (news18.com)