【Lucknow】The Uttar Pradesh government has unveiled a new electronic manufacturing policy which will enable mass production of cell phones, DVDs and computers with other products, an official said on the 23rd August.
Inspired by the Chinese model, the policy got approval of the state cabinet after Chief Minister Akhilesh Yadav pushed for it. In the initial phase, the government plans to establish and promote small electronic manufacturing clusters. One of these would be set up in Greater Noida, while the process of identifying other two cities is underway, the official said here.
The state government has also announced concessions for the companies that are interested in opening up bases in these clusters, said the official. The state cabinet has approved 15 percent capital subsidy for those investing up to Rs.five crore. A five percent rebate on interest up to seven years of the loan amount, and concessions in stamp duty will also be given to such entrepreneur, the official said.
○Ericsson's Telcordia seeks govt nod for full control of India unit
【New Delhi】US-based Telcordia Technologies, now part of Ericsson, has sought approval from the Foreign Investment Promotion Board (FIPB) to increase stake in its Indian entity to 100 per cent from 74 per cent, according to sources.
Telcordia had entered India in March 2009 through a joint venture, MNP Interconnection Telecom Solutions, to work as one of the two clearing houses for managing mobile number portability (MNP). Telcordia has 74 per cent stake in the company and Deepak Talwar Consultants 26 per cent.
○Sony India raises marketing spend as it looks to improve Puja sales
【Kolkata】Sony India is targeting sales of Rs. 228 crore during the Durga Puja period (August and September) this year.
Marketing budgets too have been increased to Rs. 25 crore, while the number of distribution outlets has increased to 1150 from 850, the company said in a release. According Sunil Nayyar, Head, Sales, Sony India, sales during the Durga Puja period contribute around 35 per cent to its total sales from the region.
【News source】
Uttar Pradesh government unveils Electronic manufacturing policy in state
Ericsson's Telcordia seeks govt nod for full control of India unit
Sony India raises marketing spend as it looks to improve Puja sales
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