Category — Electronic

Arrow Electronics to Acquire India-Based eInfochips

Centennial CO-headquartered Arrow Electronics entered into a definitive agreement to acquire product engineering and software R&D services company eInfochips Ltd, headquartered both in Ahmedabad, India and San Jose, California. After the acquisition, which is likely to close this month, eInfochips will act as a fully-owned subsidiary of Arrow Electronics.

Pratul Shroff, founder and CEO of eInfochips said, “This [acquisition] brings a $23.8 billion revenue Fortune 118 corporation to Ahmedabad, Gujarat – which is a matter of immense pride to all of us at eInfochips.” He added that the deal will allow the company to leverage synergies between its engineering capabilities and digital offerings with Arrow’s electronics and enterprise products and solutions, and digital operations, including in IoT.

Computer Chip

“Upon close of this acquisition, eInfochips advances our IoT strategy, expands our offerings, and moves us into the rapidly growing IoT services market. This acquisition adds over 1,500 IoT solution architects, engineers, and software development resources to Arrow’s already leading position in IoT design services,” said Michael J. Long, chairman and chief executive officer at Arrow.

January 9, 2018   No Comments

Amazon India’s Revenue Growth Over 105% in 2017

Amazon India reported over 105 percent growth in revenue in Fiscal Year 2017. Per filings with the Registrar of Companies, Amazon Seller Services posted a 41% increase in earnings to $485.4 million for the year ending March 31, 2017. Amazon Seller Services currently earns through commissions, advertisements and shipping fees. It also earns revenue from its Seattle-headquartered parent by way of advertising fees, royalty on sales of Kindle, and other transactions.

According to Inc42, industry experts said that the e-commerce giant’s impressive growth can be attributed, in part, to the November 2016 exercise when India removed two large value currency denominations from circulation. Speaking on Amazon’s phenomenal growth in India, an online seller on Amazon requesting anonymity said, “Last fiscal, the impact on Amazon was across categories — smartphones to electronics to apparel. These are the largest selling and fastest growing segments in e-commerce.”

Aiming to get ahead of rival e-commerce companies in India, Amazon India is doubling its efforts to diversify its business.  It is getting ready to enter the online food retail and grocery market, and is additionally eyeing a piece of the Indian digital payments pie with Amazon Pay.

December 11, 2017   No Comments

India Develops ECT Robot Manipulator for Nuclear Power Plants

Scientists at India’s Center for Artificial Intelligence and Robotics have developed a remotely controlled system for inspecting steam generator tube eddy currents in nuclear power plants, which will remove humans from the potentially hazardous job, according to a Sputnik report.

The system is called the ECT Robot Manipulator, which is a “remotely controlled Five-Degree-of-Freedom robotic system used for positioning a probe below the steam generator tube.” A technician with a remote camera is on hand to make final adjustments, if necessary, to position the inspection probe. The camera allows for “automatic visual position correction to compensate for mechanical errors in the system,” the report said.

Image of ECT Robot Manipulator

While robotic systems are deployed elsewhere for steam generator tube work, this is a first for Indian technicians, reports Nuclear Street.

November 13, 2017   No Comments

iPhone Assembler to Expand Operations in India

With Apple‘s earnings in India doubling year-on-year, Taiwanese manufacturer Wistron, primary iPhone assembler in India, is scouting for 100 acres of land in Bangalore to expand its facilities.

Though Apple is currently a minor player in India, its potential is huge. CEO Tim Cook said on the earnings call in early November that there was much work to be done to fulfill this potential.

He said he’s confident the company can gain ground, but it will take work on many fronts.”It’s building stores. It’s building channels. It’s building markets. It’s building the developer ecosystem,” he said. “It’s having the right product lineup for the market. And I feel like we’re making good progress there and are gaining understanding of the market, but we still have a long way to go.”

Picture of PM Modi and Tim Cook

The India government’s Department of Industrial Policy & Promotion wrote to the firm saying it was “actively involved in resolving issues raised by Apple” and the various key departments in charge of vetting these concessions are “positively inclined to the proposal,” according to a document from an official to Apple that was reviewed by Bloomberg News.

November 12, 2017   No Comments

WhatsApp Partners with eTailers in India

With a 200 million plus user base that communicates in 10 Indian languages to generate 50 billion messages a day, Facebook-owned WhatsApp is turning toward businesses in India to monetize the platform. It has already partnered with travel portals  MakeMyTrip and Goibibo, and is now planning to add Flipkart, utility agencies, movie houses, and telecom players too. Users will be able to access the services offered and make payments on WhatsApp itself via a new WhatsApp wallet.

WhatsApp Logo

In February this year, WhatsApp co-founder, Brian Acton, met India’s minister for Information Technology Ravi Shankar Prasad to discuss ways the company could contribute to India’s digital commerce initiatives, reports the Business Standard.

 

October 31, 2017   No Comments