India Technology Week Seems ESDM Industry’s Answer to Coronavirus Lockdown

- Advertisement -
  • EFY Group is organizing India’s first online event for all the stakeholders of the ESDM industry
  • The event will enable buyers and sellers to meet online from the comfort of their home
  • New collaborations between ESDM players might help India grab the opportunity to be world’s next electronics manufacturing hub
Ramesh Chopra, Chairman, Electronics For You

Electronics For You has announced that it is organizing country’s first online event for all the stake holders of the ESDM industry. The event, to be held in two editions, will help connect buyers with sellers and vice-versa.

With ‘Social Distancing’ becoming a way of life–the prospect of organising traditional events where we get to physically meet each other–seems a bit challenging in the near future. But, the need for Buyers and Sellers to connect–remains,” stated Ramesh Chopra, Chairman, EFY Group.

He added, “Besides the risk to health and safety because of diseases like Corona, traditional events involve a lot of investments–man-power, travel, materials, physical exhibits, shipment of products and equipment, etc–all a burden on our environment. Thus, we believe an Online Only expo is to traditional events, what Google is to traditional phone directories.”

- Advertisement -

India needs to capitalise on the current situation

A lot of countries including India and USA have tightened norms on how they do business with China. Additionally, several media reports have highlighted that many companies are looking to explore manufacturing capabilities beyond China. It is quite clear that India now needs to capitalise on the opportunities, fight coronavirus and at the same time try to woo companies to shift bases in India.

The India Technology Week, in these times, might enable Indian companies to collaborate with international players on the business and manufacturing end. It is to be noted here that business opportunities in the ESDM sector are on a slowdown following coronavirus lockdown.

Honourable PM Narendra Modi and Union Minister Ravi Shankar Prasad have time and again appealed to states to be ready to attract business and investment opportunities in India. The government has also shown intentions to set up solar products manufacturing parks in the country.

Recently announced electronics manufacturing schemes worth Rs 50,000 crores

Interestingly, EFY’s India Technology Week event comes at a time when the government of India has announced three schemes for promoting electronics manufacturing. Estimated to be worth more than Rs 50,000 crore, these schemes prove the seriousness of the government towards making India the next electronics manufacturing hub of the world.

Electronics B2B had also reported on a under-work scheme for promoting semiconductor manufacturing in the country. It is believed that India is working on a scheme that will pay half of the cost for setting up a semiconductor fab here.

“We understand that India Technology Week is a new idea. And new ideas face hiccups in the beginning. Thus, the first 100 exhibitors who will be signing up for the Trial Edition–will be taking a bigger risk of treading into uncharted territory with us. Thus, our offer to them is simple: if they don’t like what they see or experience in the Trial Edition – they can seek a full refund, and we will refund – no questions asked,” added Ramesh Chopra.

- Advertisement -

Most Popular Articles

Mukul Yudhveer Singh
Mukul Yudhveer Singh
Mukul Yudhveer Singh is an Editor at EFY. He’s an experienced business journalist who is both an enthusiast and a cynic of technology. Believes in data, as well as hunch-based journalism. He defines journalism as- reporting facts which help the audience take their own decisions, not ones that influence them!

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

NVIDIA Record $26B Q1 Revenue, Announces Stock Split And Dividend Hike

0
The quarterly cash dividend has been raised by 150%, resulting in $0.01 per share on a post-split basis. NVIDIA reported first-quarter revenue for the period...

“AIC-T-Hub Aims To Grow Startups So More Indian Unicorns Can Contribute To The GDP”

0
T-Hub has collaborated with Atal Incubation Centre (AIC), initiated by the Atal Innovation Mission to incubate semiconductor startups, fostering innovation for India’s advancement in...

Pros And Cons: Boult’s Varun Gupta On Contract Electronics Manufacturing

0
While contract electronics manufacturing is not a new concept in India, it has lately picked up a pace never seen before. But what has...

Buzz

China Builds Third Fund of $47.5B to Support Semiconductor Sector

0
China sets to achieve next level of self-sufficiency as it sets up its third planned state-backed fund to bolster the country’s domestic chip industry.  On...

India’s Laptop Import Licensing System Questioned Again in WTO

0
WTO recently published a statement of its CIL meeting where China and Japan formally raised concerns about India’s laptop import monitoring system, which was...

Hyundai Mobis To Invest More In EV Parts, Chips

0
Hyundai Mobis, the top auto parts manufacturer in South Korea, announced its intention to increase investment in electric vehicle (EV) components and automotive chips...

Important Sectors

Hyundai Mobis To Invest More In EV Parts, Chips

0
Hyundai Mobis, the top auto parts manufacturer in South Korea, announced its intention to increase investment in electric vehicle (EV) components and automotive chips...

South Korea Announces $19B Support Package for Domestic Chip Industry

0
On May 23, 2024, South Korean President Yoon Suk Yeol announced a package worth 26 trillion won ($19 billion) to boost and empower its...

Vitesco Tech Delivers Electric Drive For Honda CR-V PHEV

0
This is the first integration of a Vitesco Technologies drive system into a hydrogen fuel cell electric vehicle (FCEV). Vitesco Technologies will provide its EMR3...

HCLTech to Take Over HPE’s Communication Tech Assets for $225M

0
IndianTech Giant HCLTech announces to expand its strategic partnership with Hewlett Packard Enterprise, buying the latter’s certain tech assets for $225M in cash.  IT service...

Google To Begin Pixel Production At Foxconn, Dixon In September

0
According to sources, Google's collaboration with Foxconn complements its plan to manufacture Pixel smartphones at the Dixon facility. Google is set to partner with Foxconn...

Manufacturing

Hyundai Mobis To Invest More In EV Parts, Chips

0
Hyundai Mobis, the top auto parts manufacturer in South Korea, announced its intention to increase investment in electric vehicle (EV) components and automotive chips...

Vitesco Tech Delivers Electric Drive For Honda CR-V PHEV

0
This is the first integration of a Vitesco Technologies drive system into a hydrogen fuel cell electric vehicle (FCEV). Vitesco Technologies will provide its EMR3...

Google To Begin Pixel Production At Foxconn, Dixon In September

0
According to sources, Google's collaboration with Foxconn complements its plan to manufacture Pixel smartphones at the Dixon facility. Google is set to partner with Foxconn...

Imec-Led European Labs To Get $2.7B From Chips Act Funding

0
Europe's chip revolution gains momentum with a €2.5 billion investment in cutting-edge pilot production line for sub-2nm technologies, aiming to elevate domestic production and...

EVR Motors Discusses Tech Sharing With Indian OEMs

0
The Israel-based EVR Motors designs Radial Flux Permanent Magnet (RFPM) motors and licenses this technology for manufacturing by OEMs and component makers. EVR Motors, an...