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Chinese Mobile Phone makers likely to partner with Indian Firms for setting up manufacturing base in the country

"We are targeting 500 million mobile phones manufacturing by 2019, along with a robust component industry. Our Chinese partners will help us in achieving this," Mohindroo added.

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October 23, 2016: At a time when India is poised to become a global manufacturing hub for mobile phones and components, Pankaj Mohindroo, National President, Indian Cellular Association (ICA), has asked Chinese companies to partner with Indian firms for setting up a manufacturing base in the country.

“We are targeting 500 million mobile phones manufacturing by 2019, along with a robust component industry. Our Chinese partners will help us in achieving this,” Mohindroo added.

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Speaking at the second India-China Mobile Phones and Accessories Manufacturing Summit, organised here under the first edition of the three-day mobile fair, India Mobile Diwali (IMD), Mohindroo said there is a huge emerging opportunity in component manufacturing in India now.

The event, aimed at strengthening the Indian mobile phone and component manufacturing ecosystem in sync with Prime Minister Narendra Modi’s ‘Make in India’ and ‘Digital India’ initiatives, is held at a time when Indians are strongly opposing the use of “Made in China” products.

Urging Chinese companies to take advantage of the new investment and manufacturing opportunities in India, policy initiatives and increased ease of business, Aruna Sundarajan, Secretary Ministry of Electronics, IT, Government of India, said Indian talent and Chinese innovation can be a very potent fusion.

She also pointed out that Chinese companies need to look at India as a partner in ‘Make in India’ programme and not only as a market destination for their products.

Lingyun Wu, Founder and CEO, Mobile World (Shoujibao), Shenzhen, said Chinese companies are excited to be part of the ‘Make in India’ campaign and establish mobile handset and component manufacturing facilities in India.

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“I’m sure that IMD will open ample opportunities to network and join hands and further strengthen investments in India,” Lingyun added.

The three-day fair, organised by Mobile World (Shoujibao), China’s leading Mobile Industry service platform in association with the Indian Cellular Association, the apex body representing the mobile handset Industry in India, saw participation from industry bigwigs like Peter Lee, COO Huawei, Josh Foulger, MD Foxconn, Keshav Bansal, Director, Intex, S.N. Rai, Co-founder and Director, Lava, and over 300 investment delegations and mobile phone companies and component manufacturers from China and India.

A high-level Investment Delegation from China’s mobile phone industry will be on a six-day India visit from October 21-26 to participate in India Mobile Diwali Expo. (IANS)

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Indian Firms Losing $10 mn Every Year Because of Cyber Attacks: Microsoft Study

Additionally, more than one in five (22 per cent) of Indian organisations have witnessed benefits of using AI to achieve faster and more accurate detection of threats

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Microsoft,
Microsoft currently has 54 Azure Cloud regions -- more than AWS and Google combined.

A large-sized enterprise in India loses an average of $10.3 million owing to cyber attacks and a mid-sized organisation an average of $11,000 annually, a Microsoft-led study said on Wednesday.

Cyber security attacks have also resulted in job losses across different functions in more than three in five (64 per cent) organisations that have experienced cyber attacks, revealed the Frost and Sullivan study commissioned by Microsoft.

“With traditional IT boundaries disappearing, the adversaries now have many new targets to attack. Companies face the risk of significant financial loss, damage to customer satisfaction and market reputation-as is evident from high-profile breaches this year,” said Keshav Dhakad, Group Head and Assistant General Counsel, Corporate, External & Legal Affairs (CELA), Microsoft India.

The study, titled “Understanding the Cybersecurity Threat Landscape in Asia Pacific: Securing the Modern Enterprise in a Digital World” involved a survey of 1,300 business and IT decision makers.

“More than three in five organizations (62 per cent) surveyed in India have either experienced a cybersecurity incident (30 per cent) or are not sure if they had one as they have not performed proper forensics or data breach assessment (32 per cent),” the findings showed.

The survey ranged from mid-sized organisations (250 to 499 employees) to large-sized organizations (more than 500 employees).

Microsoft
Hackers bleeding large Indian firms by $10 mn on average each year: Microsoft. (Wikimedia commons)

To calculate the cost of cybercrime, Frost & Sullivan created an economic-loss model based on macro-economic data and insights shared by the survey respondents.

The study also examined the current cyber security strategy of organisations in India.

It found that nine in 10 (92 per cent) Indian organisations are looking to leverage Artificial Intelligence (AI) to enhance their cyber security strategy.

Additionally, more than one in five (22 per cent) of Indian organisations have witnessed benefits of using AI to achieve faster and more accurate detection of threats.

Also Read- Employees at Facebook Looking For Better Opportunities in Future

“Most organisations lack a cybersecurity strategy, while for a large majority cybersecurity was an afterthought. About 59 per cent (three in five) respondents said the fear of cyber attacks has hindered digital transformation projects,” the study noted.

While 37 per cent see cybersecurity strategy only as a means to safeguard the organisation against cyberattacks rather than a strategic business enabler, a mere 18 per cent seeing cybersecurity as a digital transformation enabler, it added. (IANS)