DiGiSPICE: Industry Monitoring 05 July 2019
- Priyanka Kanodia
- Jul 8, 2019
- 3 min read
DiGiSPICE
Union Budget 2019: Experts press for more startup funding, incentive-based credit
Publication- Catch News
Edition- Online
Date- 05 July, 2019
Ahead of the upcoming Union Budget, companies in the financial sector are seeking measures like increased funding for startups and incentive-based credit facilities to help the manufacturing sector. Finance Minister Nirmala Sithraman will be presenting the first full Budget of the Modi 2.0 government Friday amid high expectations from the industry for a big push to the slowing economy. Increase in facilities for seed and growth equity funding for startups and micro, small and medium enterprises (MSMEs), provision of simplified and incentive-based credit facilities to help the manufacturing sector grow should be among the top priorities for policy makers, said Nilyanka Bhushan, Managing Partner and Co-founder, Sigma Ventures.
Dilip Modi, Founder and Chairman of DiGiSPICE, said there is a great opportunity to use Aadhaar as an authentication platform to drive financial inclusion across semi urban and rural India. Emphasising that fintech has the potential to address the barriers to financial inclusion, Gaurav Jalan Founder and CEO of mPokket, said that there is expectation of a better infrastructure that encourages and facilitates digitalisation of transactions in the rural and remote areas.
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Competitors
Vodafone launches 5G in Britain with unlimited data plans
Publication- Gadgets Now
Edition- Online
Date- 05 July, 2019
The existing base price for the fifth-generation or 5G airwaves was high, and the industry was looking at the sale process to be designed in a way that every service provider would get equal quantum of radio waves, a top executive of India's largest telco Monday said. "The current 5G spectrum pricing is exorbitant," Vodafone Idea chief executive Balesh Sharma said, and added that the telco has selected Swedish Ericsson and Chinese Huawei to partner for 5G-led field trials. India's top telecom carrier has, however, dropped Finnish Nokia for 5G pilot.
Earlier, incumbent operators including Vodafone Idea and Bharti Airtel have sought clarity from the government on partnerng with China-based gear maker Huawei, following the US blacklist, and security concerns in other markets. "We seek spectrum auction at reasonable price so that 5G airwaves will be equally available to all operators," Sharma said.
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Industry News
Smart City: Rs 2.05 lakh crore projects proposed in 100 cities, significant progress made, says Economic Survey
Publication- The Times of India
Edition- Online
Date- 05 July, 2019
Projects worth over Rs 2.05 lakh crore are proposed in 100 cities under the Smart Cities Mission and a significant progress has been made in terms of implementation of these projects, the Economic Survey 2018-19 said. The Smart Cities Mission (SCM), which was launched in June 2015 for a five-year period, seeks to promote cities that provide core infrastructure and give a decent quality of life to its citizens.
The strategic components of this mission are area-based development involving city improvement (retrofitting), city renewal (redevelopment), city extension (greenfield development) and a Pan-city development in which smart solutions are applied covering larger parts of the city. "The 100 cities under the mission have proposed to execute 5,151 projects worth 2,05,018 crore in five years from their respective dates of selection.
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IoT, AI to Create 2.8 Million Jobs in India in 10 Years: BIF Report
Publication- News18
Edition- Online
Date- 05 July, 2019
Internet of Things (IoT) and Artificial Intelligence (AI) based applications will create over 28 lakh jobs in rural India over a period of 8 to 10 years with an annual value of Rs 60,000 crore, a study by Broadband India Forum (BIF) has shown.
Out of the 28 lakh jobs, at least 21 lakh jobs will be created for the agriculture sector and the other 7 lakh jobs in the rural healthcare sector, said the study done by BIF in consultation with the Electronics Skill Council of India, the Agriculture Skill Council and the Healthcare Sector Skill Council.
"These jobs will be created over next 8-10 years and the pace and quantity of job creation is likely to further increase post 2021-22 once 5G technology is implemented," it said. The study highlighted that key applications such as satellite mapping, electronic market place, livestock traceability, climate sensing stations, product traceability, and agriculture drones have the potential to transform the agriculture sector.
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