U. S and China have recently locked horns over the |
long way in increasing the demand in the Electronic System |
semiconductor trade where US accused China of rigging the |
Design & Manufacturing( ESDM), Aerospace and Defence |
industry by giving an unfair advantage to Chinese chip |
space. |
companies and artificially reducing the prices of the chips. |
While presenting Union budget 2017-18 in the Lok Sabha, |
While China seems to pay no heed to the allegations and |
Indian Finance minister, Arun Jaitley confirmed the |
continues to expand its innovative semiconductor industry, |
government’ s plans to create an ecosystem which will help |
the clash between these global leaders has certainly carved a |
India pave the way to becoming a global hub for electronics |
window of opportunity for various countries to step up and fill |
manufacturers. |
in the inevitable void; which is,‘ the need for an alternate electronics export partner’. |
Another factor which will prove crucial in giving a leg up to both the ESDM and Aerospace and Defence sectors will be the |
Amidst the uncertainties and the ongoing tussle, the Indian |
design-led manufacturing and a robust ESDM ecosystem. |
Government recently rolled out its Union Budget which has |
Japan, Taiwan, Israel, Singapore and United States are |
set straight the country’ s ambitious of reviving the electronics |
countries that the government and the industry need to keep |
manufacturing sector and taking up the role of the alternative |
an eye on. A stronger bond with these countries will only |
export partner global manufacturers seek. An initial allotment |
propel up-gradation of the ESDM industry in India. |
of RS 725 crore was made to the manufacturing sector, which is the highest ever investment by the Indian Government in its manufacturing prowess. |
The odds seem to be playing in the favor of India and recent developments may have boosted the moral of the Indian makers, but becoming a global electronics manufacturing is |
In Indian IT industry too seems to be upbeat post the budget |
still a vision is a bit farfetched. |
announcement and while the global trade policies too seem to be working in their favor. For instance, President Trump, in an attempt to fulfill his poll promise of generating more jobs in |
I hope you enjoy reading our Feb Issue!
Sincerely Yours
|
America, has proposed a Bill that increases the minimum | |
salaries of H1-B employees to $ 130,000. This Bill will likely | |
increase the cost of the Indian IT firms, who derive almost 62 |
Sagar Rawat |
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percent of their revenue from the US and send a large number of Indian staff to the US on the H1-B visa for offsite work.
The plan to reduce income tax will further increase the
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Asst. Editor scigazetteofficial @ gmail. com |
purchasing power of the consumer, which would in turn go a | |