Tag: Ravi Shankar Prasad

Categories
Technology

Bengaluru Tech Summit-2021 To Be Held In Hybrid Mode This November

Bengaluru Tech Summit-2021 To Be Held In Hybrid Mode This November
Bengaluru Tech Summit-2021 To Be Held In Hybrid Mode This November

Bengaluru Tech 2021 with the tagline ‘Driving the Next’- a three-day annual flagship event will be held in a hybrid format from November 17, 2021.

The event will be inaugurated by the Prime Minister Narendra Modi. Not only that the U.S. Vice-President Kamala Harris will be invited to participate in the event, said Deputy Chief Minister C.N. Ashwath Narayan, who holds the IT/ BT, Science and Technology portfolio, told reporters here on Monday after holding preparatory meeting with the officials and chairpersons of Vision groups.

He also said that in the view of the possible third wave of COVID 19 breaking out the event will be organized in a hybrid format with one part being virtual and the other physical. The last event was held virtually for the first time, and the event had received an overwhelming response and participation from delegates of 25 countries, he added.

The three-day event will have distinct theme and topic. ‘Thought Leadership Day’ will be held on the first day of the event, while ‘Technologies and Strategies Day’ and ‘Startups Day’ will be held on the second and the third day respectively.

Prior to the event, ‘Beyond Bengaluru’ will be held in Mysuru, Mangaluru, and Hubballi during September and October. The event received overwhelming response from experts and delegates from 25 countries all over the world when it was held in virtual mode for the first time in 2020 due to the Covid-induced restrictions,” Narayan said.

Dr. Narayan said that Union Ministers Nirmala Sitharaman, Ravi Shankar Prasad, Harsh Vardhan, and Nitin Gadkari, among others, will also be invited for the event.

“To actively involve academia, VTU and Higher Education Council will be roped in for all the events,” he added.

Categories
News

Wistron, Lava, Foxconn, Dell Among 14 To Get Approval Under PLI Scheme For IT Hardware

PLI Scheme For IT Hardware
PLI Scheme For IT Hardware

The government on Thursday said 14 companies, including Dell, Lava, Dixon, Wistron and Foxconn, have received approval under the Production Linked Incentive Scheme (PLI) for IT hardware.

The PLI scheme for IT hardware, which was notified on March 3, 2021, provides an incentive of 1 to 4 per cent to eligible companies on net incremental sales over the base year of FY 2019-20 of goods under target segments that are manufactured in India for a period of four years (FY22 to FY25).

The target segments under the PLI scheme for IT hardware include laptops, tablets, all-in-one personal computers (PCs) and servers.

Over the next four years, these companies are expected to fuel a total production of over Rs 1.61 lakh crore, and generate direct employment opportunities for over 36,000 people.

The program seeks to boost domestic manufacturing and attract large investments in the value chain of these IT hardware products.

“Four companies have been selected under the category IT Hardware Companies which include Dell, ICT (Wistron), Flextronics and Rising Stars Hi-Tech (Foxconn),” an official statement said. Wistron and Foxconn are Apple’s contract manufacturers.

Electronics and IT Minister Ravi Shankar Prasad said the PLI scheme has been a huge success in terms of the applications received from global as well as domestic manufacturing companies.

“We are optimistic and looking forward to building a strong ecosystem across the value chain and integrating with the global value chains, thereby strengthening the electronics manufacturing ecosystem in the country,” he added.

It is estimated that in the next four years, the approved companies under the PLI scheme for IT hardware are expected to clock a total production of more than Rs 1.61 lakh crore.

Categories
Startup

Modi Govt Launches ‘Chunauti’- Next Generation Startup Challenge Contest, to Identify Around 300 Startups in India

Startups in India (Photo Credits: Pexels)

In a bid to give a major fillip to startups in India, the government on Friday Launched ‘Chunauti’- Next Generation Startup Challenge Contest. Under this programme, the government aims to identify around 300 startups working in identified areas and provide them seed fund of up to Rs 25 lakh among other facilities.

Union Minister for Electronics and Information Technology Ravi Shankar Prasad launched the contest to further boost startups and software products with special focus on Tier-II towns of India. The Startups can apply by visiting the website of STPI or by clicking at the link https://innovate.stpinext.in/

The government has earmarked a budget of Rs 95.03 Crore over a period of three years for this programme. It aims to identify around 300 startups working in identified areas and provide them seed fund of up to Rs 25 Lakh and other facilities.

Under this challenge, the Ministry of Electronics and IT will invite startups in the following areas of work:

  1. Edu-Tech, Agri-Tech & Fin-Tech Solutions for masses
  2. Supply Chain, Logistics & Transportation Management
  3. Infrastructure & Remote monitoring
  4. Medical Healthcare, Diagnostic, Preventive & Psychological Care
  5. Jobs & Skilling, Linguistic tools & technologies

How Will Chunauti Help?

  1. The startups selected through Chunauti will be provided various support from the Government through Software Technology Parks of India centers across India.
  2. They will get incubation facilities, mentorship, security testing facilities, access to venture capitalist funding, industry connect as well as advisories in legal, Human Resource (HR), IPR and Patent matters.
  3. Besides seed fund of up to Rs. 25 Lakh, the startups will also be provided cloud credits from leading cloud service providers.
  4. Start-ups who are in the ideation stage may be selected under the pre-incubation programme & mentored for up-to six months to evolve their business plan & solution around the proposed idea.
  5. Each intern (start-up under pre-incubation) will be paid Rs. 10,000/- per month up to a period of 6 months.

Speaking at a virtual event, Prasad said that the launch is a bold initiative under the clarion call for Atmanirbhar Bharat given by Prime Minister Narendra Modi. He urged the young, talented innovators of India to come forward and avail benefits of Chunauti challenge of Government and create new software products and app.