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Mait Expresses Displeasure Over Complex Labeling Requirements

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Just when the IT is on the growth vortex and is realigning strategies for capacity building, the IT industry faces fresh challenges in the form of labeling requirements, augmented fee structures, standardization of processes and surveillance norms enacted by the BIS. These series of fresh notifications by BIS disrupts manufacturing plans, increases costs and interrupts the global supply chain.

Amar Babu, President, MAIT said “Manufacturers across the world use printed stickers, BIS could have consulted with the industry on best practices rather than asking companies to comply with regulatory framework, Even if the framework is postponed to July, it is impossible to meet such deadlines, If an ISI mark on a water bottle goes well with a label sticker, why does BIS want an IT product embossed.”  He also said that any implementation like these require at least 24 weeks but some new rules are very unique to India and there is no global practice which makes it almost impossible for few companies. Some of them may have to stop biz in India if such still rules are enforced without proper industry consultation etc.

Most of the IT products are changing their models so fast that is has become a common practice to use stickers rather than screen printed, embossed or engraved. Most of the products are manufactured in multiple factories and production cycles are constantly shifting. Preparing tooling for ‘embossed or engraved’ in a multiple factory setting would be time consuming and extend timelines drastically. During testing and registering phases, it is impracticable to make ‘embossed or engraved’ in time of production.

Edelweiss Launches 1st Financial Inclusion Hub In Indore
Edelweiss Asset Management Ltd., a part of Edelweiss Group and the dedicated asset management company to Edelweiss Mutual Fund, launched its first Financial Inclusion, Investor Awareness Hub by opening a branch at DM Tower, Janjeerwala Square, Indore, Madhya Pradesh. The Branch will seek  to leverage, on the one hand, the growing opportunities for business in Indore, one of the the fastest growing cities in the country and function as the Financial Inclusion - Investor Awareness hub for existing and potential Mutual Fund investors in the region on the other. The chief guest for the launch was Deepali Dixit, Asst. Director, SEBI. The event witnessed the presence of several industry leaders and opinions makers gracing the occasion.

Edelweiss Mutual Fund through its offerings focuses on providing better risk-adjusted returns which has made it a pioneer in providing volatility managed/low volatility investment solutions. The fund house has a diverse product portfolio straddling the risk spectrum with an offering for just about every investor.

Hexaware Join Hands With Comparex India Strengthen Business Globally
Hexaware Technologies Limited, a global provider of IT, BPO and consulting services, has join hands with Comparex India Private Limited (COMPAREX), a one-of-a-kind competence in procurement and license management of software.

This partnership will allow Hexaware to utilise Comparex’s services to expand its territory of business and jointly deliver market-leading technologies for enterprises looking to increase the efficiency and derive maximum business value from technology investments. Comparex can leverage the technical expertise of Hexaware to strengthen its business across various platforms.

John Havlick, Executive Vice President of Americas & Asia Pacific, Comparex, said, "Hexaware has a deep background in providing IT related services and we have deep background in global software management and licensing across the 29 countries in which we operate. We see tremendous potential in leveraging our synergies for the benefits of our customers worldwide."

Huawei Enterprise Unveils Channel Strategy ‘Connect, Engage & Build’

Huawei EBG, global information and communications technology (ICT) solutions provider has announced a more focused approach to its channel partner network in the country. Huawei Enterprise Business Group, a recent entrant in the Indian market is looking to expand its presence in key verticals via a robust channel network.

The program ‘Connect, Engage & Build’ aims to build a larger channel partner ecosystem through deeper engagement with our core partners which include strategic partnership with Beetel on Networking / IP product lines, Iris and DDMS along with other Tier 1 & VAP partners namely Sify, ABS, Primatel and Allied Digital and enable them with latest technology innovations and solutions so as to address the growing ICT needs in the market.

The Enterprise Business will unwaveringly implement and adhere to stable channel partner policies. And will continue to cooperate openly with partners and strive to build a sound industry eco system that leads to mutual benefits.

As a leading ICT solutions provider, the Enterprise Business looks forward to cooperating with customers and partners in India to find a better way for ICT transformation and create a sound industry ecosystem conducive to the ICT industry and a connected society. 

Telit Launches New OEM Automotive Business Unit
Telit Wireless Solutions, a vendor of high-quality machine-to-machine (M2M) modules, value-added services and solutions, today announced it has concluded the acquisition of the Automotive Telematics On-board unit Platform (ATOP) business from Netherlands-based NXP Semiconductors.

ATOP is an automotive grade solution for vehicle manufacturers to implement eCallor similar functionality from a single compact and cost efficient package, delivering reduction in complexity and minimized costs in vehicle designs, customer data as well as regulatory compliance. The company at the same time launched Telit Automotive Solutions, a new business unit which is to focus exclusively on the Automotive OEM and Tier-one markets. The new organization will be headed up by industry veteran and long-time Telit executive, Dominikus Hierl as its CEO.

Industry analysts position automotive as the strongest growing segment for M2M over the next few years. According to ABI Research’s report on the global m2m module market published in May 2013, module shipments to automotive OEMs will grow from 6 million units in 2013 to 30 million in 2018. Regulatory initiatives like eCall in Europe, ERA GLONASS in Russia, DENATRAN 245 in Brazil lend further credibility to the strength of the sector along with the much publicized “connected car” trend which is likely to lead to 100% penetration of the technology in the very near future.

Verint Unveils Nextiva SMC
Verint Systems has introduced the availability of Nextiva SMC, a Situation Management Center, powered by Nextiva Fusion. Based on an open, scalable and expandable platform, the SMC solution integrates with a multitude of sensors and systems to increase situation management and improve the security and safety of people, property and assets.

Nextiva SMC is a comprehensive software solution that provides capabilities for the various phases of situation management, including real-time situation awareness, efficient response and notification, investigation and debriefing, planning and compliance, and preventive intelligence. Powered by Nextiva Fusion, Verint’s new platform engine that drives constant relation and location dynamics across all events and incidents, Nextiva SMC is designed for efficient object identification, information correlation, and location analytics across data and sensors from integrated subsystems. The solution can manage thousands of sensors and systems used for identity, security, life safety, CBRNE (Chemical, Biological, Radiological, Nuclear and Explosives), building management, communications, transportation and mobility, and environmental issues. It uses a GIS-based visual database to link sensors, maps and events together to provide users with a unified and easy-to-use interface for situation management.

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