News Updates - KDEM - Technology Enabler

Groundbreaking of Micron plant in the next four to six weeks: IT minister – Live Mint

The same applies for Qualcomm, AMD, Infineon, Intel and others clearly, this is an area of strength for us, said Sanjay Gupta, chairman of India Electronics and Semiconductor Association (IESA), and president and chief executive of automotive component supplier Minda Corporation.

July 4, 2023

DoT Launches Bharat 6G Alliance to Drive Innovation and Collaboration in NextGeneration Wireless Technology – Pragathivadi

He also mentioned the Semiconductor Mission wherein for Micron Technologies, Land Approval and Project approval have been done within two weeks of the announcement and Ground Breaking Ceremony for the first chip manufacturing unit shall be done with in next 40 45 days.

July 4, 2023

Bharat 6G Alliance: IT Minister Vaishnaw announces major developments in Semicon India, 6G Tech – First Post

Today, approval has been granted to five companies for chip design under the Design Linked Incentive Scheme, announced IT Minister Ashwini Vaishnaw. The minister added that Micron s involvement has sparked a renewed sense of optimism regarding India s potential as a semiconductor hub.

July 4, 2023

5 things about AI you may have missed today: From AI hub, Gemini AI to crime in era of AI and much more – Hindustan Times

The artificial intelligence race has just got more intense. Google has introduced Gemini, a project by DeepMind, aiming to surpass AI models like ChatGPT; the India Electronics and Semiconductor Association (IESA) has declared Hyderabad as Indias AI capital.

July 4, 2023

US-headquartered Microchip Technology expands presence in India, to invest Rs300 million in next few years – Business Today

Just days after Micron, Lam Research, and Applied Materials announced their plans to invest in India and help it develop into a semiconductor nation, US-based Microchip Technology will invest Rs300 million in the country.

July 4, 2023

YoungTurksAt21 | How Indian startups can scale the Artificial Intelligence mountainthe Nexus Venture partners perspective – CNBC TV18

Founded in 2006, Nexus Venture Partners has made investments in more than 150 startups with assets under management of Rs2 billion. The portfolio includes unicorns Zomato, Unacademy, Delhivery and Infra.Market.

July 4, 2023

StartUps IPR scheme to help promote innovation & entrepreneurship: Union Minister Jitendra Singh – KNN India

Union Minister of State for Science and Technology Jitendra Singh said that that StartUps Intellectual Property Rights Protection scheme is aimed at promoting innovation and entrepreneurship.

July 4, 2023

Startups Intellectual Property Rights Protection to promote innovation: MoS – Business Standard

Union Minister of State (Independent Charge) for Science and Technology, Jitendra Singh, has said that StartUps Intellectual Property Rights Protection is aimed at promoting innovation and entrepreneurship.

July 4, 2023

Startup20 Group to up investments in startups to Rs1 trillion by 2030 – Fortune

The Startup20 Engagement Group, the first such initiative established under India s presidency, has urged G20 leaders to raise the joint annual investment in the global startup ecosystem to Rs1 trillion by 2030.

July 4, 2023

Startup20 Group seeks Rs1 trillion investment in global startup ecosystem – The Economic Times

The Startup20 Engagement Group has sought to raise the joint annual investment of G20 nations in the global startup ecosystem to Rs1 trillion by 2030 by making debt and venture debt products more accessible to startups , andfacilitate the flow of public and private capital.

July 4, 2023

SIIC IIT Kanpur introduces Hindi Publication Division to empower startups, break language barriers for innovation and knowledge – India Education Diary

Startup Incubation and Innovation Centre (SIIC), the technology business incubator of IIT Kanpur, has launched its Hindi Publication Division, dedicated to sharing groundbreaking work in innovation.

July 4, 2023

No shortage of funds for good startups with strong business models: Kant – Business Standard

The innovation and startup ecosystem is strongly positioned to find solutions to challenges facing the world today, India s G20 Sherpa Amitabh Kant said on Monday, asserting there is no shortage of funds for good startups with strong business models.

July 4, 2023

No funding slowdown for climate tech startups; companies bag Rs1 billion funding in first half of 2023 – Times of India

Even as the broader startup ecosystem grapples with a slowdown in funding , firms operating in the climate tech space seem to have piqued the interest of investors. For instance, Avaana Capital recently raised Rs70 million for its first climate and sustainability fund.

July 4, 2023

Asset liability, extended lockin, clawback clauses: VCs are making termsheets harder for startups – The Economic Times

Rahul Yadav whizzing past Bandra-Worli Sea Link in his Maybach on a drizzly weekend. And all this while investigations on potential financial fraud are underway in their startups. For founders of startups facing investigations over excessive and unexplained spending.

July 4, 2023

AIIMS ransomware attack led to new SOP on cyber breaches: Excybersecurity chief Pant – Hindustan Times

The ransomware attack on the AllIndia Institute of Medical Sciences prompted the government to formulate a national cybersecurity response framework (NCRF), India s former national cybersecurity coordinator has said.

July 3, 2023

Big tech firms turning focus on India: Jay Chaudhry, CEO, chairman and founder, Zscaler – The Financial Express

This leads to increased exposure to cyber risks and attacks. This concern has been the driving force behind San Jose, Californiabased Zscaler s passion to create a safer and more secure environment for conducting businesses.

July 3, 2023

China’s revised antispying law raises concerns for Japanese firms – The Print

As part of Beijing s efforts to bolster cybersecurity. the revised legislation, which was endorsed at the country s legislature in April, newly covers cyberattacks on state organizations and key infrastructure by spying entities and their agents.

July 3, 2023

Demand slowdown to weigh on IT services firms Q1 show – Live Mint

The Indian tech sector, including IT services, was projected to touch Rs245 billion in revenue in FY23, as per Nasscom s Strategic Review 2023. In his investor note, Ankur Rudra, head of APAC telecoms and India TMT research at JP Morgan, said project delays and cancellations are likely to persist in the June and September quarters, thus leading to a weak phase ahead.

July 3, 2023

Education Centre Australia launches OpenLearning Bharat – Hindustan Times

OpenLearning Bharat, with its indemand courses in Artificial Intelligence, Data Science, Machine Learning, Cybersecurity, and more, aims to bridge the gap and empower students from all backgrounds.

July 3, 2023

Education Centre of Australia Group launches OpenLearning Bharat to transform online education in India – The Financial Express

The platform offers a diverse range of highly soughtafter courses, including Artificial Intelligence, Data Science, Machine Learning, Cybersecurity, and more. These courses have gained significant popularity due to their relevance in today s digital age and the growing demand for professionals in these fields.

July 3, 2023

Funding Files: Cyber security, AI and cloud deal roundup – ET CIO SEA

Notable among the fundings was Blackpoint Cyber , a leading, technologyfocused cybersecurity company providing its advanced security suite via managed service providers (MSPs), receiving a Rs190 million growth investment led by Bain Capital Tech Opportunities.

July 3, 2023