INDIA TELECOM GEAR EXPORT
India best emerging market story; haven't ever seen valuations and fundamentals so attractive: Mihir Vora
The US economy has been much better than expected. It has been stronger for longer and of course, then it also translates to higher interest rates for longer, probably, but the fact is that the US economy is doing quite well.
Jio, Airtel hike mobile tariffs: Here are some tips to save money on your mobile bills
Reliance Jio and Airtel are preparing to raise tariffs from July 3, 2024, prompting prepaid users to recharge before this date to avoid higher costs. Postpaid users will face immediate price adjustments. The goal is to increase Average Revenue per User (ARPU) for both telecom giants, affecting millions of subscribers across India.
JM Financial initiates coverage on this small cap stock, views upside potential of 20%
Shivalik Bimetal Controls, analyzed by JM Financial, shows potential in niche markets with diverse growth avenues, including smart metering, EVs, and customized products. The company's expansion into shunt resistors and focus on global opportunities signal a promising future amidst challenges like market delays.
Trai invites views on norm for transferring ownership of machine-to-machine SIMs
The telecom regulator, Trai, is seeking industry views on allowing critical M2M communication services on unlicensed airwaves. It has identified 20 critical M2M services, including those for connected & autonomous vehicles, remote surgery, and smart grid operations.
Winning design: Nokia mulls shifting big chunk of global design capacity to India
Nokia is strategically considering shifting its design capacity to India, particularly focusing on telecom network infrastructure equipment in Chennai and expanding manufacturing of optical line terminals in Sriperumbudur, emphasizing the importance of MIMO technology and leveraging partnerships with Foxconn for production.
Industry executives a worried lot: Why India-China tensions are equal to a big headache for electronics makers
Indian electronics manufacturers have suffered $15 billion in production losses and 100,000 job cuts due to escalating tensions with China. Visa delays for Chinese executives are hindering the industry's expansion plans, leading to a $10 billion export opportunity loss and $2 billion in value addition loss. Government probes into Chinese companies operating in India have further impacted the sector.
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Payoneer Elevate empowers 500+ service export SMBs on their global expansion journey
Payoneer Elevate 2024 marked the 8th edition of Payoneer’s global flagship event in India, empowering entrepreneurs, founders, and growth leaders of service export businesses on their journey towards global expansion. Held on April 18, 2024, in the capital city, Payoneer Elevate 2024 delivered domain-focused knowledge sessions for over 500 Indian Small- and Medium-sized Businesses (SMBs) aiming for global growth. Here's how Payoneer is leading the transformation of cross-border payments to support Indian SMB exports.
Services export boom is most unheralded story of India in last five years: S Naren
And I do not like to name companies, but most of the financial services companies in the world are dependent on their Indian global competency centres to do all kinds of work for them and that is the biggest positive that has happened and due credit to India for having achieved it over the last five years because 10 years back we had IT services companies, we did not have GCCs of the scale.
Signing in: Modi-led new govt gets into work gear as ministers assume charge
Prime Minister Modi's third-term government commenced with ministers assuming office, focusing on continuity and change. Key portfolios remained with experienced leaders. Priorities include promoting India's global stance and internal development, addressing issues like China relations, and enhancing citizen services. Ministers pledged to fulfill Modi's vision of a prosperous and united Bharat.
Global demand revival: How is India poised?
As the global demand sees some revival, India must get its act together to make the most out of it.
India set for first current account surplus in 10 quarters by Q4FY24: Ind-Ra
India's current account balance (CAB) is projected to reach a surplus of approximately USD 6 billion in Q4 2024, marking the first surplus since Q1 2022. However, the overall CAB for FY24 is expected to remain in deficit at 0.6% of GDP, the lowest since FY17. The global economic environment is showing signs of improvement for 2024, with easing inflationary pressures and robust economic growth in the US and emerging markets.
Telecom gear makers seek 2-year extension for security testing of customers' WiFi
Telecom gear manufacturers are pushing to delay the mandatory security testing deadline for WiFi CPE and IP routers, requesting a two-year extension and voluntary certification. They cited high costs and limited accredited labs. The Department of Telecommunications had previously extended the application start date to January 1, 2024, and then to July 1, 2024, with further extensions for certified models.
Why imports from China are rising despite atmanirbhar Bharat initiatives
Imports from China is something India should monitor. But in some ways, this might be the way for the country to become a self-reliant economy.
5G adoption on a roll in India, yet tariff upside may be minimal: India Ratings
India's 5G subscriber base is expected to rise to 20-25% within a year, but significant tariff hikes remain uncertain, says Ind-Ra. While telcos are better positioned for tariff increases, global trends show no major premium for 5G over 4G. Ind-Ra maintains a neutral sector outlook, noting investment peaks and potential market share shifts towards Reliance Jio and Bharti Airtel.
GX Group to make telecom gear in India for the world
GX Group plans to establish a new Rs 100-crore manufacturing facility in India to export FTTH equipment globally, supporting the Atmanirbhar Bharat initiative. This will be their second plant, following a 2021 Haryana unit. The new facility will produce Wi-Fi routers and GPON equipment for Indian and international markets, including Europe and Africa.
DoT dials cops to stop network gear theft
The Department of Telecommunications (DoT) has issued a directive to tackle rampant theft of critical network gear causing Rs 800 crore losses for telcos, disrupting 4G/5G expansions and affecting mobile coverage quality.
Optic fiber cable component maker Runaya aims to grow rev to Rs 500 cr over next 3-4 years
The transition to 5G and the associated infrastructure upgrades are driving this demand, with the global market for fiber optic cables expected to grow from $9.2 billion in 2021 to over $12 billion by 2024, representing a compound annual growth rate (CAGR) of 10%, according to estimates by the company.
Best 5G Mobile Phones in India - 2024
Discover the cutting-edge world of 5G mobile phones in India with our latest collection. From lightning-fast connectivity to advanced features, our range of 5G smartphones promises to revolutionize the way you experience technology. Stay ahead of the curve and explore the future of mobile communication with our unparalleled selection of 5G devices.
Telecom infrastructure sharing may spur gear sharing too, experts say
The current scenario could change with Telecom Regulatory Authority of India (Trai) recommending creating a separate category under the unified license for Digital Connectivity Infrastructure Provider (DCIP) authorisation. "...the proposed DCIP authorisation holder may create both active and passive digital connectivity infrastructure and share it with other TSPs and has to pay no license fee to the government," Trai said in its recommendations last month.
Ericsson mulls telecom equipment export from India in future; expects 5G use cases to emerge locally
Ericsson India Managing Director Nitin Bansal, at a company's event to showcase 5G technology, said the company is actively engaging with academia, partners, and ecosystem players to develop relevant India-specific use cases.
Ericsson hopeful of securing Vi deals: Nitin Bansal
Ericsson, the Swedish telecommunications equipment manufacturer, anticipates securing 4G/5G contracts from Vodafone Idea (Vi) in the near future, following the recent successful equity raise of over Rs 20,000 crore by the struggling telecom company. Nitin Bansal, Managing Director of Ericsson India, expressed this optimism in an interview with ET. Bansal also mentioned that Ericsson is considering the possibility of exporting its 5G equipment from India.
India needs to focus on manufacturing, achieve greater sophistication: Nirmala Sitharaman to Indian Inc
Finance Minister Nirmala Sitharaman flagged the need for India to boost its manufacturing sector to achieve self-reliance and increase its share in the global value chain. She highlighted the importance of policy support and sophistication in product manufacturing to attract investment and reduce dependence on China. The minister also discussed the success of the PLI scheme in sectors like telecom and electronics, showcasing India's potential for growth and investment.
Ignored by desis, small cars are driving Made in India ambitions elsewhere
India's car market shift towards SUVs impacts small car and sedan sales, despite being crucial for exports. Maruti Suzuki leads in exports, shipping to diverse destinations. Hyundai's exports include Verna, Aura, and Grand i10Nios. Price hikes and SUV preference lessen small car demand, but industry anticipates a revival by 2026-2027.
India new land of rising sun for auto exports
India's auto industry attracts global players like Honda and Suzuki for exports, with a focus on quality and cost efficiency. The country's emergence as a key manufacturing hub reflects its appeal to major auto manufacturers.
In top gear: Telecom parts output crosses Rs 45,000-crore milestone
Telecom equipment manufacturing and exports have become a significant success story, aided by the government's PLI scheme. FY24 saw telecom equipment production crossing ₹45,000 crore, with exports around ₹10,500 crore and over 19,500 direct jobs created. India has shifted from being a telecom gear importer to a manufacturer, driven by Make-in-India and the PLI scheme.
Car shipments shifting back to pre-Covid gear; Maruti, Hyundai at the top
According to industry estimates, Indian carmakers are set to ship more than 675,000 vehicles in the fiscal year that ends March 31, recovering from a low of 404,000 reported in the aftermath of the pandemic in FY21. Around 663,000 cars were exported from the country in the last financial year. Vehicle exports were dominated by Maruti Suzuki and Hyundai, which together accounted for two-thirds of all cars shipped out of the country.
Tejas Networks gets near Rs 28 crore sops in FY23 under design-led PLI scheme
“The said amount accounts for 85% of the total claim for FY23 and the balance 15% is expected to be released subsequently in accordance with the PLI scheme guidelines,” Tejas said in an official statement Thursday.
HFCL bags Rs 179 crore order from BSNL for 4G, 5G network equipment
HFCL, a domestic telecom gear company, announced on Tuesday that it has secured an order worth Rs 179 crore from BSNL to supply 4G and 5G network equipment. Out of this, Rs 141 crore is for capital expenditure and annual maintenance contract. The company will provide products and services crucial for supporting BSNL's 4G and 5G network requirements, including planning, surveys, installation, testing, commissioning, and maintenance of microwave links.
AMD working with India telecom gear makers on telecom tech
Advanced Micro Devices, or AMD, has partnered with Indian 4G and 5G equipment makers to offer telecommunications solutions in the country where it has 10,000 employees working on research and development, validation, software development and chip architecture design. AMD will invest $400 million in India over the next five years.
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