Monday, May 2, 2022

Zupee Launches New Campaign Celebrating The Casual & Board Gaming Culture In India


Zupee, a leading skill-based online gaming start-up, announced the launch of its new brand campaign titled “Saara India Khelega” aimed at revolutionizing the gaming culture in the country.

With its gaming portfolio of ‘classic games’, Zupee is on the mission to promote skill-based gaming culture in India while bringing social legitimacy to the real money gaming. The ‘classic Indic games’ like Ludo and Snake&Ladder have high nostalgia quotient and are loved by people across generation. Having refashioned the classic games by adding more skill and strategy quotient, Zupee aims at transforming gaming culture in the country, making online gaming more skill and learning based.

Furthering this cause, the newly launched TVC targets at people across age-groups and calls upon the entire nation to enjoy the engaging Zupee games. 

Speaking on the launch of the campaign, Dilsher Singh, founder, and CEO, Zupee said, “Zupee is is the largest company in the largest cohort of gaming, casual games. The gaming portfolio of Zupee is targeted at revitalising Indic, casual & board gaming culture and aims at promoting a culture of skill-based gaming. We have brought all our individual games under one app, Zupee. The campaign is a powerful investment behind the brand Zupee. It aims at bringing joy to peoples’ lives through purposeful games that can simplify, engage, and entertain. We innovate to ensure our games provide an intersection between skill and entertainment, enabling our users to earn while they play.”

“Zupee’s USP lies in transforming the casual & board games we have all played. Our TVC draws upon that connect to promote skill-based gaming in the country. and also pushing the thought that gaming is inclusive. Our brand promise is to provide sparks of joy in an increasingly high stress environment that we all live in. This campaign showcases the very same promise of people coming together and celebrating the brand promise”, Mr. Gaurav Mehta, CMO, Zupee, added.

The campaign appeals to its viewers by showcasing the Zupee connect with its customer base. Over the years, the brand has focused on creating platforms that enable people to express themselves with relentless optimism and to form meaningful connections making it India’s fastest growing online gaming company. Zupee’s games are designed to enrich people's lives with excitement and entertainment. every day. Gamified learning and skilling platforms will not only be upskilling today’s youth but will also introduce them to a digital world while making them future ready.

Zupee endeavours to engage, empower, and entertain users through gaming innovations. Relying on knowledge across a host of topics, strong returns, high user engagement, and sound tech, Zupee has been winning hearts and minds in a game of skill. The company is backed by marquee global investors such as Nepean Capital, WestCap Group, Tomales Bay Capital, Matrix Partners, Falcon Edge, Orios Ventures and Smile Group.

The campaign video is live on television and digital media and can be accessed below –

Links

Film 1:  https://www.youtube.com/watch?v=rB94oyF-3jo

Film 2:  https://www.youtube.com/watch?v=MXFG-wM_Eu4

The film has been conceptualized and crafted by Leo Burnett

Director: Akanksha Seda

Director of Photography: Sejal Shah

Agency Credentials

Creative:

Rajdeepak Das, CEO, Chief Creative Officer, Leo Burnett, South Asia

Vikram Pandey, National Creative Director, Leo Burnett India

Saarthak Dutt, Executive Creative Director, Leo Burnett India

Rishav Chatterjee, Copywriter, Leo Burnett India

Mphasis Ltd In-Line Operating Performance; Direct Biz Continues To See Strong Traction


BUY

CMP: Rs2798  

Target Price: Rs3650

* Mphasis delivered in-line operating performance in Q4. Gross revenue grew by 4% QoQ to USD431mn, meeting our expectations, thanks to continued traction in the Direct business. EBITM grew by 10bps QoQ to 15.2%.

* Revenues of the Direct business rose 5.2% QoQ (4.7% CC) to Rs30.2bn. Broad-based demand, healthy new deal wins (USD347mn in Q4) and a strong deal pipeline should help sustain revenue growth. Management is confident of delivering industry-leading growth in Direct in FY23. It also expects further convergence of the overall growth rate with the Direct business as the share of DXC reduces further.

* DXC revenues grew by 1.6% QoQ (CC 1.1%; after 7 quarters of sequential decline) but fell 43.6% YoY to ~Rs1.7bn. DXC's share of revenue declined to 5.2%, closer to the company's guidance of mid-single digits by FY22-end. Although the relationship with DXC remains strong, it is not a focused investment area for Mphasis now.

* We are largely retaining our FY23/FY24 EPS estimates (<0.5% change). We maintain Buy with a TP of Rs3,650 at 33x Mar'24E EPS, considering the strength of the Direct business and attractive valuations.

Wipro Ltd: Weak Quarter; Targets Double-Digit Drowth In FY23


BUY

CMP: Rs509  

Target Price: Rs630

* Wipro reported a weak operating performance in Q4. Q1 growth guidance also missed expectations. IT services revenue grew 3.1% QoQ (3.1% CC), in line with estimates. IT services' EBITM declined 60bps QoQ to 17%, 70bps below our estimates.

* Wipro has guided for 1-3% QoQ CC growth in IT services revenue in Q1. Management remains fairly confident of sustaining revenue growth momentum and achieving double-digit growth in FY23 while sustaining EBITM at 17-17.5% in the medium term (margins to be lower in the near term due to supply-side challenges and planned investments).

* Wipro signed 9 large deals with a combined TCV of over USD400mn in Q4. The order book in ACV terms grew 30% YoY in FY22, giving good growth visibility. The deal pipeline stood at an all-time high and consisted of a good mix of small and large deals.

* We cut FY23/FY24 EPS estimates by 6.1%/4.7%, factoring in weak Q4 and near-term margin pressures. A simplified organization structure, empowered GAEs and investments into sales and capabilities should drive revenue growth acceleration. We believe the recent stock price correction has captured potential volatility in the operating performance during the early period of the restructuring exercise more than adequately. We retain Buy with a TP of Rs630 (Rs670 earlier) at 23x Mar'24E EPS.

ALLEN Career Institute And Bodhi Tree Systems Announce Strategic Partnership


* $600 million investment by Bodhi Tree will help scale India’s biggest and most successful test-prep company; leverage digital technology to dramatically improve learning outcomes for students in India and beyond

ALLEN Career Institute (ALLEN) and Bodhi Tree Systems have announced a strategic partnership with the goal of building the world’s most admired and trusted education brand.

ALLEN is an education powerhouse with an unparalleled track record of success in the world’s most competitive college entrance examinations and Olympiads. ALLEN has a pan-India footprint with a growing presence in Middle East through 138 classroom centers in 46 cities, a team of highly dedicated and renowned faculty members, and a pedagogy that has been perfected over three decades. ALLEN’s partnership with Bodhi Tree Systems will build further on the test-prep offering and deliver at-scale positive impact for millions of students in test-prep and K12 segments, using technology as the core driver of value.

Bodhi Tree Systems is a newly formed platform between Lupa Systems Founder and CEO James Murdoch and Uday Shankar, the former president of The Walt Disney Company Asia Pacific and former Chairman of Star and Disney India. Bodhi Tree Systems will leverage its founders’ shared track record of building iconic consumer businesses to build ALLEN into a world-class digital education business of the future. Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, is an investor in Bodhi Tree Systems.

“Education is a critical consumer need, driven by its deeply transformative impact on lives and livelihoods of consumers.”, Murdoch and Shankar said. “We believe that education is on the cusp of a technology led renaissance that will fundamentally alter how education is imparted and will increase its efficacy. ALLEN’s unrivaled success and scale provide the right foundation to build the digital education company of the future. We are excited to work with the Maheshwari family to build an outcomes-focused digital education company that delivers on the aspirations of millions of learners and parents in India and beyond.”

Founded by Rajesh Maheshwari in 1988, ALLEN is India’s most respected test prep brand that has created a positive transformational impact on over 2.5 million young lives since its inception. Aspirants for engineering and medical college entrance exams have gained tremendously from ALLEN’s high-quality pedagogy, resulting in an unparalleled track record of selections in prestigious exams such as IIT JEE Mains & Advanced, NEET-UG, KVPY, and the Olympiads.

Senior-most Director of ALLEN, Govind Maheshwari, said, “Our decision to enter into this strategic partnership with Bodhi Tree is founded on shared values, principles and an aligned vision of creating societal impact at scale through education globally.”

“Since its inception, ALLEN has focused on providing high quality education to students to help them achieve their highest potential and fulfil their career aspirations. In the process, we have helped create hundreds of thousands of doctors and engineers, who contribute to building India and the society of today. Our partnership with Bodhi Tree is an essential ingredient in furthering our mission to significantly increase ALLEN’s reach and impact. We are quite pleased and excited that the Bodhi Tree team also sees value in combining their expertise with our experience in Education.”, Rajesh Maheshwari said.

ALLEN’s Director Naveen Maheshwari said, “The journey of ALLEN has been one of always giving back to the society. ALLEN’s student-centric caring system has been its highlight. We believe this partnership is only going to take our pedagogy, caring-system and values to a very wide student community which was not able to associate with ALLEN otherwise due to physical constraints.”

Chairman-designate of the new Board, Brajesh Maheshwari further mentioned, “Most of the edtech products & services in the market are currently not solving for the needs of a student. With ALLEN’s time-tested pedagogy and Bodhi Tree’s track record in technology, the 2 T’s –

‘Teaching’ and ‘Technology’, will now come together to finally solve the problems of millions of students of outcome-driven learning in a tech-enabled environment.”

Keshav Maheshwari, from the second generation of the Maheshwari Family, mentioned, "Our partnership with Bodhi Tree will not only help us scale our Indian operations through technology but also fuel our growth journey in the Middle East."

The transaction is expected to close within three months and is subject to closing conditions and requisite approvals.

EY acted as the exclusive financial advisor. Cyril Amarchand Mangaldas provided legal advisory and documentation support to ALLEN. EY provided due diligence services to Bodhi Tree. AZB & Partners were the legal advisors to Bodhi Tree.

About ALLEN

ALLEN is India’s premier coaching institute for the preparation of JEE (Main + Advanced), JEE (Main), Pre-Medical (NEET-UG), Pre-Nurture & Career Foundation (Class VI to X, NTSE & Olympiads). At ALLEN, the focus is on building a strong foundation of knowledge and concepts in students for their success and providing an excellent platform for preparation for competitive exams and K12 curriculum. The academic support and due personal care provided to each ALLEN student helps them meet their career goals. ALLEN’s core values of Determination, Honesty, Authenticity, Integrity, Devotion, Humanism, Holistic Learning, Social Ethics, and concern for society & environment are all closely interwoven into the fabric of its academic programs. ALLEN’s highly qualified and experienced faculties are dedicated and committed to student’s complete success and provide a nurturing environment to the students for their social, cultural, academic and all-round development. Website: www.allen.ac.in

About Bodhi Tree Systems

Bodhi Tree Systems is a strategic investor in consumer technology opportunities in South and Southeast Asia and the Middle East, with a particular focus on India. The entity is a platform of James Murdoch’s Lupa Systems and Uday Shankar and was established in 2021. Bodhi Tree expects to invest in consumer technology sectors that represent significant opportunities but suffer from a lack of capital and innovation – including media, healthcare and education.

About James R. Murdoch

James Murdoch is an investor and philanthropist. After more than two decades of global leadership in the media and technology industries, James Murdoch founded Lupa Systems as a private holding company. James most recently served as CEO of 21st Century Fox from 2015 to 2019; previously he served as 21st Century Fox Co-COO, Chairman and CEO for Europe and Asia. Prior to his time at 21st Century Fox, James was the CEO and Chairman of Sky, and CEO of STAR TV. He is a Director of Tesla, the Dia Art Foundation, and Vice-Chair of the Center for New American Security. James and his wife, Kathryn Murdoch, are founders of Quadrivium, a foundation that invests in democracy reform, technology and society, scientific awareness, and climate and ocean health issues.

About Uday Shankar

Uday Shankar recently transitioned to an entrepreneurial career following decades in corporate management. With funding from global investors, he aims to support founders to create transformational solutions. A journalist by training, Uday led and transformed the media landscape in India. He took over as CEO of Star India in 2007 and transformed the company’s broadcast operations and made Star India one of the biggest media and entertainment companies in Asia. He subsequently led 21st Century Fox’s operations throughout Asia. Uday was appointed President of The Walt Disney Asia Pacific when The Walt Disney Company acquired 21st Century Fox. Under his leadership, Star launched Hotstar, now Disney+ Hotstar – one of the most successful streaming services globally. Uday currently serves as the Immediate Past President of Federation of Indian Chamber of Commerce & Industry (FICCI), India’s premier industry association.

About Lupa

Lupa Systems is a private holding company founded in 2019 by James Murdoch, the former CEO of 21st Century Fox, Sky plc, and STAR. The company has presence in New York and Mumbai. Collectively, the Lupa team has extensive experience building and scaling businesses across the globe in multiple industries. Lupa focuses on companies within the technology and media industries, impact-driven companies focused on environmental sustainability, and emerging markets, particularly within the Indo-Pacific region. Website: www.lupasystems.com

Indian Semiconductor Mission Announces MoU to Enable Mass Production Of 5G Narrowband-IoT- the Koala Chip


* MoU announced between Signalchip Innovations, MeitY & C-DAC for deployment and maintenance of 10 Lakh Integrated NavIC and GPS Receivers

* MoU announced to bring together Semiconductor Research Corporation’s industry experts and India’s R&D talent to create a compelling industry-driven world-class R&D program

In order to realize the vision of Prime Minister Shri Narendra Modi to turn India into a thriving semiconductor hub, multiple agreements/pacts have been announced on the third and last day of SemiconIndia 2022. The SemiconIndia 2022, a 3-day conference, was inaugurated by Prime Minister Shri Narendra Modi on 29th April 2022.

Speaking about the SemiconIndia, Minister of State for Electronics & Information Technology Mr. Rajeev Chandrasekhar expressed his satisfaction with the progress made during the three-day conference in terms of collaborations, partnerships between startups, and various industries and government.

He further added that India’s ambitions are very clear. It’s a land of opportunities in the semiconductor sector & that’s the future we’re building the semiconductor ecosystem for India’s Techade.

The Minister mentioned that beneficiaries of our Semicon Policy will be current and future startups and the talented human capital of India. We are committed to enabling and empowering them to capitalize on the opportunities.

“In the past, the world heard Intel Inside, in the future, the world should hear Digital India Inside”, Mr. Rajeev Chandrasekhar said.

Following MoUs were announced today in the backdrop of SemiconIndia 2022:

India Semiconductor Mission has announced an MoU between Cyient, WiSig Networks, and IIT Hyderabad to enable mass production of "5G Narrowband-IoT- the Koala Chip, Architected and Designed in India".

Cyient, a leading India-headquartered global R&D & technology solutions company, has partnered with WiSig Networks, a start-up incubated at IIT Hyderabad, to enable volume production of Koala– NB IoT-SoC (Narrowband-IoT System-on-Chip), designed and architected in India. Volume production of the Koala NB-IoTSoC includes the development of a package, test solution suited for volume production, silicon fabrication, volume testing of the IC, and supply management of the chip. 5G NB-IoT is a fast-growing technology that enables low-bit rate IoT applications and extends device battery life by up to 10 years. This chip will be used in many applications such as Smart Meters, Asset tracking, Digital Healthcare, and many more.

MoU between Signalchip Innovations, MeitY, and Centre for Development of Advanced Computing (C-DAC) for not only design and manufacture but also deployment and maintenance of 10 Lakh Integrated NavIC (Navigation with Indian Constellation) and GPS Receivers. Signalchip, an Indian Fabless semiconductor company has developed the “Agumbe” series of baseband, modem, and radio frequency (RF) chipsets for 5G/4G networks with integrated support for global navigation satellite systems including NavIC.

These multi-standard chipsets can serve as base station chipsets for a wide range of form factors from low-cost indoor small cells to high-performance base stations. They have been designed to be suitable for low-cost and low-power systems.  They already support positioning using a satellite navigation system, including NavIC, to enable several network features. Signalchip has invested and developed almost all the IPs in these chipsets indigenously. Leveraging the IPs created for these chipsets allows Signalchip to quickly build chipsets specifically optimized for navigation systems. The NavIC chipset that will be developed can be used in any device requiring navigation capabilities like mobile phones, vehicles with built-in navigation (e.g. electric vehicles), and tracking devices. They can also be used in low-power IoT devices in combination with other technologies like NB-IoT.

Partnership was announced with Synopsys, Cadence Design Systems, Siemens EDA, and Silvaco for making available their Electronic Design Automation (EDA) tools & design solutions for the Chips to Startup (C2S) Programme being implemented by CDAC, a scientific society under the Ministry of Electronics and IT, Govt. of India at 100+ Institutions for 5 years.

Chips to Startup (C2S) Programme of MeitYaims to create85,000 specialized engineers at B.Tech, M.Tech, Ph.D. levels for expanding Indian Semiconductor talent in the area of VLSI and Embedded System Design at 100+ institutions across the country. Under C2S Programme, the access to leading EDA Tools & design solutions from Synopsys, Siemens-EDA, Cadence Design Systems, and Silvacowill enable students and researchers to use Industry Grade semiconductor chip design flows and methodologies thereby generating specialized manpower for Semiconductor Design Industry.

An MoU was announced between Semiconductor Research Corporation (SRC) USA and IIT Bombay to focus on bringing together SRC's industry experts and India's R&D talent to create a compelling industry-driven world-class R&D program.

SRC is a world-renowned, high technology-based consortium that serves to enable collaboration between technology companies, academia, government agencies, and SRC’s highly regarded engineers and scientists. IIT Bombay is a premier Institute of National importance with major thrusts in education and innovation in technology, circuits, and systems. The MoU signed between SRC and IIT Bombay is focused on bringing together SRC's industry experts and India's R&D talent to create a compelling industry-driven world-class R&D program. Through this program, SRC will engage with Indian academia through a public-private partnership (PPP) model co-funded by MeitY. Such industry-driven R&D in semiconductors is the need of the hour as India embarks on the journey to semiconductor manufacturing ecosystem development and technology leadership.

MeitY announced thatProf. Rao Tummala from Georgia Tech University, USA has consented to be a part of the Advisory Committee of India Semiconductor Mission.

·       Prof Rao is a Distinguished and Endowed Chair Professor and Director Emeritus at Georgia Tech in the USA. He is well known as an industrial technologist, technology pioneer, and educator.

·       Prior to joining Georgia Tech in 1993, he was an IBM Fellow and Director of Advanced Packaging Lab (APTL), pioneering such major technologies as the industry’s first plasma display.

·       He is the father of the System-on-Package (SOP) concept vs. System-on-chip (SOC.) by the industry.

·        As an educator, Prof. Tummala has been instrumental in setting up the largest and most comprehensive Academic Center funded by NSF as the first and only NSF Engineering Research Center in Electronic Systems Packaging at Georgia Tech.

·       He has authored many books and received countless awards and recognitions.

·       He is a distinguished Alumni of the Indian Institute of Science, Bangalore, and the University of Illinois and a Distinguished Faculty of Georgia Tech.

·       He has been a consultant and advisor to many Fortune 500 semiconductor and systems companies.

MoU between the Global Institute of Electrical and Electronics Engineers (IEEE India) and the Centre for Development of Advanced Computing (C-DAC) was announced for skill and technical standards development in semiconductor electronics focusing on VLSI design and Electromagnetic interference (EMI)/ Electromagnetic Compatibility (EMC).

The Agreement between IEEE and C-DAC will be used to create specific blended learning programs in the area of semiconductor technologies, cybersecurity; standardization activities; outreach, and skill development. CDAC has specific activities focused on skilling, outreach, and technology development in the area of semiconductor technologies, IoT, and cybersecurity. This will strengthen the semiconductor chip design ecosystem in the country and facilitate access to semiconductor design infrastructure for start-ups and MSMEs.

MeitY announced an MoU between Atal Community Innovation Center-Kalasalingam Innovation Foundation (ACIC-KIF) and the Centre for Development of Advanced Computing (C-DAC) for collaborative R&D, Product development, and Training in the areas of semiconductor technologies, Power Electronics, Energy harvesting, Electric vehicles, etc.

This will provide research and innovation capabilities to rural industries without access to semiconductor facilities. In addition, skill development initiatives in various semiconductor and allied areas will be carried out enabling appropriate manpower availability and creating packets of excellence.

Toyota Kirloskar Motor Wholesales 15,085 Units In The Month Of April Thereby Registering A Growth Of 57%


* Achieves a significant milestone of clocking cumulative wholesales of over two million units since its inception in India

TKM today announced that the company sold a total of 15,085 units in the month of April 2022, thereby registering a growth of 57% when compared to its wholesales in the corresponding period last year. For reference, TKM had sold 9600 units in April 2021. Last month also witnessed TKM achieving a significant milestone of clocking cumulative wholesales of over two million units since inception.

Expressing his delight, Mr. Atul Sood, Associate Vice President, Sales, and Strategic Marketing, TKM said, “Demand continues to peak in the new Financial year, as we close the month of April with an overall growth of 57% over wholesales in April 2021. Along with the Crysta, Fortuner and the Legender, the Camry Hybrid too has received very encouraging booking orders. The response to the ‘Cool new Glanza’ has also been Awesome and has done very well since the beginning of its deliveries starting March this year, right from Tier I cities to rural markets”.

Multiple MoUs Signed At The SemiconIndia 2022 Event In B'lore


* A big step for Indian Microprocessors ecosystem. India's Digital India RISC-V program (DIR-V) signs MOUs with - Sony, BEL, ISRO, Atomic Energy for various applications and design wins. 

* India Processor and Chip Design pacts signed led by DIR-V processors Shakti and Vega 

The  Prime Minister of India Shri Narendra Modi’s vision of turning India into a thriving semiconductor hub kickstarted with multiple Memorandum of Understanding (MoUs) signed between the Government, leading semiconductor industry players and industry associations.  

The wheels were set in motion to Catalyze India’s semiconductor ecosystem, today, as design and co-development pacts were announced at SemiconIndia 2022. Recently India has announced the DIR-V Program to develop Siliconize and create design wins for future around SHAKTI and VEGA RISC-V Processors. 

DIR-V Program with Prof. Kamakoti, Director, IIT Madras as Chief Architect and Shri Krishna Kumar Rao as Program Manager has been initiated with a vision to make India not only a RISC-V Talent Hub for the World but also supplier of DIR-V solutions for Servers, Mobile devices, Automotive, IoT & Microcontrollers across the globe. 

DIR-V has announced Five MoUs for the use of indigenously developed RISC-V Processors -SHAKTI and VEGA. 

MoU between SONY India and DIR-V SHAKTI Processor (IIT Madras) for the Systems/Products developed by SONY. 

MoU between ISRO Inertial Systems Unit (IISU), Thiruvananthapuram and DIR-V SHAKTI Processor (IIT Madras) for development of high performance SoCs (System on Chip) and for Fault Tolerant Computer Systems. 

MoU between Indira Gandhi Centre for Atomic Research (IGCAR), Department of Atomic Energy and DIR-V SHAKTI Processor (IIT Madras) for the Systems/Products developed by IGCAR. 

MoU between Bharat Electronics Limited (BEL) and DIR-V VEGA Processor (C-DAC) for Rudra Server board, Cyber security, and Language Solutions. 

MoU between Centre for Development of Telematics (C-DOT) and DIR-V VEGA Processor (C-DAC) for the 4G/5G, Broadband, IOT/ M2M solutions 

Additionally, an intent of MoU was announced between IISc Bangalore and SEMI, USA for building core competence of quantum technologies - multi-qubit superconducting quantum processors, photonic processors, diamond-based magnetometers, lab-level quantum-secured communication network etc. 

SEMI, USA and IESA also announced an MoU for exploring the potential for growth of Electronics and Semiconductor industry in India and thereby bring global major players in semiconductor to leverage the opportunities for catalyzing the semiconductor ecosystem in India. IESA also released an industry report - India Semiconductor Market Demand.  

Shri Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology and Skill Development & Entrepreneurship, said,” There has been an exponential growth in electronics production in India. The sector has grown to fulfill domestic demand and to export globally. This is fueling demand for microprocessors and chips. The time is ripe for India to rise and take up this challenge head on.  

Our startup ecosystem is replete with some of the best minds in technology and I am confident that our startups will drive the next wave of innovation, leading India’s digital economy. Our design and innovation ecosystem are robust and thriving and I am certain our next wave of unicorns will be from this sector.” 

The second day of the conference also had invigorating sessions and discussions with global and Indian technocrats. Mr. Siva Sivaram, President – Western Digital addressed a rapt audience and spoke on India’s resilience to Semiconductor Supply Chain. Raja Koduri, Chief Architect and Senior Vice President, Intel’s IAGS division delivered a talk on “From Angstroms to Zetta-scale: Silicon, Systems and Software in India”. The session covered the real potential in AI, System Design & middleware for Indian Startups. Mr. Akarsh Hebbar, MD, Avanstrate delivered a session on Indian Opportunities in Integrated Semiconductor and Display. He emphasized on the role of semiconductor sector given the rise in demand and projected growth in the sector in the coming years. Upcoming technologies such as 5G will further boost demand and this sets up India perfectly to build an ecosystem that can cater to local demand and also reach Indian chips and microprocessors across the globe.  

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