Tuesday, September 08
There is a need to fine-tune the PLI scheme for MSME participation and develop the raw material ecosystem in order to scale up the country's medtech sector to account for 10-12 per cent of the global market, according to a CII-BCG report. Valued at around USD 16 billion, India's medical technology (medtech) industry currently accounts for only around 2 per cent of the USD 680 billion global market. With the government's Viksit Bharat 2047 vision, the sector has been identified as a strategic pillar in the 'Make in India' agenda, with aspirations to reduce import dependency to below 50 per cent and increase India's share of the global market to 10-12 per cent. The CII-BCG report has outlined nine strategic initiatives to drive the next phase of growth. The report stated that rationalising i
India's shrimp export volumes are expected to contract by 15-18 per cent this fiscal following the US decision to raise import tariffs on the commodity to 58.26 per cent from August 27, a report said on Friday. This will lead to a fall in realisations even as exporters look to change their product mix and scout for alternative export destinations, the report by Crisil Ratings said. Thus, revenues, which were stagnant for the past four fiscals, will decline 18-20 per cent year-on-year this financial year despite some cushion from a surge in shipments in the first quarter in anticipation of the tariff hike. In FY25, India exported around USD 5 billion of shrimps, of which the US accounted for around 48 per cent. Lower revenues, coupled with the inability to pass on the tariff burden to custo
Reliance's digital and telecom arm Jio on Friday announced the launch of its high performance personal computers, capable of transforming TV or any other screen, into a full-feature, AI‑ready system."Today, we are proud to announce another leap forward – JioPC. JioPC is that revolutionary product that transforms your TV, or any other screen, into a full-feature, AI‑ready computer. You can easily get started by connecting a keyboard into your Jio Set-Top Box. Instantly, you get a virtual computer powered from Jio’s cloud with no upfront investment. You simply pay for what you use. And because JioPC lives in the cloud, it is always up-to-date, secure and you can remotely upgrade your memory, storage, and computing power based on your growing needs," Akash Ambani said during Reliance
