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Incubation centre for electronics start-ups gets DeiTY nod The Department of Electronics and Information Technology (DeitY) has given a go ahead to the setting up of an incubation centre to provide physical as well as technology infrastructure to electronics start-ups from across the country. After incentivising and nurturing the IT services industry during its initial years, the Software Technology Parks of India (STPI) is looking to do the same for product companies, specifically in the electronics sector, with the now approved ‘Electropreneur Park’ to be set up in the national capital. The same will boost domestic manufacturing of electronics and encourage entrepreneurship across India. Under the project, the government plans to set up an incubation centre for electronics start-ups in Delhi. This centre aims to incentivise ten companies every year over the next five years. These companies will be short-listed by a board comprising stakeholders from the government as well as the industry and academia. The proposal has been sought by STPI in association with the Delhi University and India Electronics and Semiconductor Association (IESA). Once up and running, the incubation centre will give electronics start-ups unrestricted access to experts within their domain as well as mentors, shared consultants and services. Further, these start-ups will be able to seek investment from foreign investors and venture capitalists, among others, to boost their growth and potential.
In Focus
Piyush Goyal is new energy minister
Piyush Goyal has been appointed as the Central government’s new minister for Power, Coal and New and Renewable Energy. He is expected to pay special attention to solar energy. The ministry of new and renewable energy (MNRE) currently oversees the Solar Energy Corporation of India (SECI), which is responsible for directing the Jawaharlal Nehru National Solar Mission (JNNSM).
Sanjay Kapoor joins Micromax as chairman Micromax has hired ex-Bharti Airtel CEO Sanjay Kapoor as the new chairman. Prior to this appointment, Kapoor was the CEO for India and South Asia of Airtel (March 2010 through May 2013), though he was with the company in other positions since July 1998.
Vineet Taneja joins Micromax as CEO Micromax has hired Vineet Taneja, the ex-Samsung India chief, as the new CEO. Taneja was the country head for IT and mobile businesses of Samsung India till recently.
Vimal Kapur appointed president of Honeywell Process Solutions Vimal Kapur has been named president of Honeywell Process Solutions (HPS). HPS is a Honeywell business that supplies automation control, instrumentation, etc.
Deshpande, ex-president ELCINA, passes away Ram G. Deshpande’s untimely and sudden demise on 31st May has shocked the industry. Originally from Philips, he rose to become managing director of Vishay Components. After retiring a few years ago he set up his own company to work in education sector. He was president of ELCINA for two years (2003-2005).
non-conventional sources of energy, plans are now underway to build two state-owned joint ventures (JVs) to oversee the construction of renewable energy projects across the country. Currently, the oil and renewable energy ministries are drafting a proposal for the setting up of the two JVs.
The proposed JVs will be between state-owned oil sector firms such as Indian Oil Corp. Ltd (IOC), Bharat Petroleum Corp. Ltd, Hindustan Petroleum Corp. Ltd, Oil and Natural Gas Corp. Ltd (ONGC), Oil India Ltd and Solar Energy Corp. of India and the Indian Renewable Energy Devel-
JVs to oversee construction of renewable energy projects In line with the BJP-led NDA government’s plan to come out with a comprehensive National Energy Policy to balance power generation in the country through conventional and 118
July 2014 | Electronics For You
Renewable energy project www.efymag.com
