Make in India initiative and promote manufacturing in the country
By MYBRANDBOOK
To drive the ambitious Make in India initiative and promote manufacturing in the country, the Government has issued a mandate to give preference to locally produce cyber security products in all public procurement. The intellectual property rights of these cyber security products have to be owned by companies or start-ups incorporated in India.
Ministry of Electronics and Information Technology (MeitY) in the order said that Cyber Security being a strategic sector, all the procuring entities shall give preference to domestically manufactured/produced Cyber Security Products.
The notification is based on Public Procurement (Preference to Make in India) Order 2017 which aims to enhance income and employment in the country.
A firm which is incorporated and registered in India or a start-up firm that meets the prescribed definition will get the preference, provided the revenue from the product and intellectual property licensing accrues to the firm in India. As per the order, though IP registration is not mandatory in the country, a firm claiming benefit should have the right to use and commercialize the product without third party-consents, distribute and modify it.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Icons Of India : ASHISH KUMAR CHAUHAN
Ashish kumar Chauhan, an Indian business executive and administrator, ...
Icons Of India : Harsh Jain
Harsh Jain, the co-founder of Dream 11, the largest fantasy sports web...
Icons Of India : GAUTAM ADANI CHAIRMAN ADANI GROUP
Gautam Adani is the Founder and Chairman of the Adani Group, which ran...
NIC - National Informatics Centre
NIC serves as the primary IT solutions provider for the government of ...
EESL - Energy Efficiency Services Limited
EESL is uniquely positioned in India’s energy sector to address ener...
ITI - ITI Limited
ITI Limited is a leading provider of telecommunications equipment, sol...
Indian Tech Talent Excelling The Tech World - JAYASHREE ULLAL, President and CEO - Arista Network
Jayshree V. Ullal is a British-American billionaire businesswoman, ser...
Indian Tech Talent Excelling The Tech World - Aneel Bhusri, CEO, Workday
Aneel Bhusri, Co-Founder and Executive Chair at Workday, has been a le...
Indian Tech Talent Excelling The Tech World - ARVIND KRISHNA, CEO – IBM
Arvind Krishna, an Indian-American business executive, serves as the C...