India’s tech news in April 2023 covered issues and developments ranging from cyber-related information sharing between India and other Quad members, India’s likely moves into the metaverse, artificial intelligence‘s looming impact on India’s gig workers, and many more.
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Critical Minerals for India: 30 minerals selected
- India: HCL Technologies expecting to double semiconductor manufacturing and services in 3-4 years, with chip fabrication unit for consumer durables set for operation within 2 years
- India: Gov’t identifies 117 apps for possible ban over sending data of Indian citizens to foreign destinations
- India: An intro to Metastable, building Lithium-focused battery recycling operations, and already processing near 6% of the country’s recycling demand for Li-ion batteries
- “Twitter agreed to block more than 120 accounts, including Canadian politician Jagmeet Singh, Canadian poet Rupi Kaur…journalists and an Indian MP…also blocked the handle of the BBC’s Punjabi bureau.”
- India: Applications for National Startup Awards 2023 are now open, with submissions deadline set for May 31st
Philippines Blockchain Week 2023 – September 10-14
- India Venture Capital Report 2023: “Within Asia-Pacific, the share of India-focused VC investments reached 20% for the first time…”
- India: Elena Geo Systems unveils locally-designed NavIC chip using India’s navigation satellite system for positioning services
“If the sort of technology underpinning ChatGPT displaces software engineers, no single country would be impacted more than India, home to over 5 million coders.”
- India: …”25% businesses in India said that their metaverse plans will be fully embedded in their activities within a year, while 47% said that this will take place in 2–3 years.”
- India: Gov’t Enforcement Directorate investigates Odaclass online education firm over illegal for-ex transfers, finding ownership via ‘entities having ultimate controlling company in Cayman Islands’
Mapping semiconductor supply chains – Role of the Indo-Pacific
- “If the yield rate of high-end mobile phones produced in India and Vietnam is now about 50 or 60 per cent, it has to be increased by 200 per cent to approach the current yield rate of Chinese factories…”
- A brief intro to the 5 Singaporean startups selected for cohort 5 of the Global Innovation Alliance Program from Anthill Ventures
- Better Bite Ventures’ First Bite fund unveils 4 alternative-protein startups backed, from Singapore, New Zealand and India, and opens applications for the next cohort
- “Thailand, Vietnam, India and Cambodia have emerged as early winners this year as semiconductor production begins to move away from traditional centers such as Taiwan and China.”
- ICYMI: Quad countries – US, Australia, India and Japan – to build system enabling each government’s cyber body to share information on cyber-attacks targeting critical infrastructure
Bain & Co / India VC Association: India Venture Capital Report 2023
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