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Cabinet approves PLI scheme for telecom sector Updated: Updated: Share Article Union Telecom Minister Ravi Shankar Prasad. File   | Photo Credit: PTI The Union Cabinet on Wednesday approved the production-linked incentive scheme for the telecom sector with an outlay of ₹12,195 crore over five years. The scheme, which aims to make India a global hub for manufacturing telecom equipment, is expected to lead to an incremental production of about ₹2.4 lakh crore, with exports of about ₹2 lakh crore over five years and bring in investments of more than ₹3,000 crore. “The implementation ...

Report) Indian startups are estimated to have received $10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said. Harley Finkelstein, President of Shopify. (Image credit: Harley's Twitter) Harley Finkelstein, President of Shopify, believes the future of retail is not online or offline or on social media. The future of retail is everywhere, he said, adding that conscious consumerism is here to stay, as the COVID-19 pandemic transformed consumer preferences in a very concrete, permanent way that had not been seen before. Edit...

Updated Dec 16, 2020 | 15:04 IST The next revolution in connectivity necessitates reliable and cheap internet for the masses so that India can leapfrog from the existing digital divide, which has social and economic implications. Representational image  |  Photo Credit: iStock Images Key Highlights It is anticipated that PM-WANI will be business-friendly and complement the government’s ease of doing business initiatives Besides generating employment, such a public Wi-Fi network will boost disposable incomes of small and medium entrepreneurs Crucially, the...

India aims to beat China in mobile manufacturing: Ravi Shankar Prasad In June, this year, Prasad formally launched three schemes to promote domestic electronic manufacturing, especially mobile manufacturing. The three schemes include PLI, promotion of components and semiconductors manufacturing, and setting up of clusters BusinessToday.In | December 14, 2020 | Updated 13:54 IST India has been able to ramp up its mobile manufacturing capabilities from six crore devices (valued at $3 billion) in 2014 to 29 crore (valued at $30 billion) in 2019 Union Telecom and IT minister, Ravi Shankar Prasad...