From the Editor's Desk India is set to manufacture $80bn worth of mobile phone components in the next decade. The contribution of domestically manufactured mobile phones has increased from 14 per cent in 2014 to 67 per cent in 2016 and is further estimated to reach 96 per cent by 2020. However, 67 per cent of the handsets manufactured in India contribute to just 6% of the true local value addition with most of the OEMs still importing Semi Knocked Down components (SKDs).The manufacturing is however moving up the value chain as domestic demand increases. This has the potential to create over a million skilled jobs in the next decade. The government could help speed things along in other sectors by encouraging FDI where domestic demand is a driver.
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How private banks are taking over Indian banking While public sector banks continue to have the most deposits among the different kinds of banks operating in India, they have lost market share over the years.In 2018-19, private banks gave a total of ₹7.3 trillion in loans, while public sector banks gave ₹2.3 trillion in loans
With its large cheques, SoftBank creates a club of startup super-haves Typically, SoftBank leads the capital infusion and commands a large stake when it invests in a firm.The fear probably stems from the fact that in 2017, SoftBank was actively mediating merger talks between its two investee firms and rivals—Flipkart and Snapdeal
India has wage problem, not job problem, says Mohandas Pai Former Infosys CFO and multi-sector investor T V Mohandas Pai has said India does not face a job problem, but one of wages, as a lot of low paid jobs being created do not find favour with degree holders.
NRIs can invest in India in the form of FDI in Indian firms As per FDI Policy, 2013 a non-resident entity (Entity here means NRIs, POIs, OCBs, SEBI registered FVCI, FIIs etc.) can invest in India, subject to the FDI Policy except in those sectors/ activities, which are prohibited, according to Mohit Sauja,
Entrepreneur pipeline has never been stronger: Blume Ventures’ Reddy Karthik Reddy, managing partner at early-stage investor Blume Ventures, talks about India’s fundraising environment, competition in seed-stage investing.‘We are beginning to realize that the only way to predictably drive exits is to build IPO-worthy companies’
