‘Technology Push to Aid Digital Economy’ – Union Budget 2017-18

Budget Reactions Anant Maheshwari, President, Microsoft India says, “The Finance Minister has presented a balanced budget, underlined by the continued push to using technology to aid a digital economy. As India strengthens its position on the global map, the need for skilled youth is crucial. The budget’s focus on extending market relevant training for the …

Boeing Announces Launch of Engineering & Technology Center in Bangalore; To Employ Hundreds of Engineers In India

Boeing has announced the formal launch of the Boeing India Engineering and Technology Center (BIETC) in Bangalore. Hundreds of local Boeing employees will work to support Boeing – including Information Technology and Data Analytics, Engineering, Research and Technology, and Test. BIETC will leverage a talented pool of employees to increase productivity and long-term competitiveness to …

RS Components Sets Up New Electronic Center in Bangalore; To Focus on IoT, Medical Electronics & Aeronautics, Automotive

RS Components, the world’s largest distributor of electronics and maintenance products today announced the opening of their innovation hub, a  new  ‘Electronic Centre’ in Bangalore. The high service level supplier of electronic components and tools plans to invest close to $ 15 million over the next two to five years at the Bangalore centre. The …

Cisco Reveals the Current State of Digital Transformation in Retail

National Retail Federation (NRF) Convention and Expo – Cisco – Analysts are hailing 2016 as the best year for holiday sales growth since 2005. However, this growth is not coming from the traditional brick and mortar channel. Instead, Internet shoppers saved the holiday season by setting new records for online sales during Black Friday, Cyber Monday and Bounce …

SpiceJet Signs Big Deal for Upto 205 of Boeing New Airplanes in India

Boeing and SpiceJet announced a commitment for up to 205 airplanes during an event in New Delhi. Booked at the end of 2016, the announcement includes 100 new 737 MAX 8s, SpiceJet’s current order for 42 MAXs, 13 additional 737 MAXs which were previously attributed to an unidentified customer on Boeing’s Orders and Deliveries website, …

Advanced Indian Manufacturing Policy to be Unveiled Shortly

The government is formulating a National Policy for Advanced Manufacturing as one of the key tools to attain its objective of increasing the contribution of manufacturing output to 25% of GDP by 2025 from the current 16%. The National Policy for Advanced Manufacturing also aims to significantly enhance India’s global manufacturing competitiveness. However, the government …