India's first Mobile Open Exchange Zone in Noida
By MYBRANDBOOK
Hon’ble Prime Minister Narendra Modi has laid the foundation stone of India's first Mobile Open Exchange Zone (MOX).
Earlier this year, the Uttar Pradesh government had signed an MoU with World Trade Center, Noida to develop Tech Zone as a nucleus of Mobile Open Exchange Zone (MOX), which is acting as a catalyst to enable growth in the mobile and allied sectors in Uttar Pradesh. Vivo has already established their manufacturing facility in the WTC Noida complex, which has, directly/indirectly, employed 15,000 people in the state. This step is taken to establish the aforementioned project of the state government.
MOX@Techzone is a dedicated ecosystem for the mobile industry that will provide an integrated platform to mobile manufacturers, research & development and other allied industries. With WTC Noida at the centre, MOX@Teczone is slated to transform into a focused mobile ecosystem harbouring infrastructure service providers, retailers and distributors, handset manufacturers, and mobile content, application and service providers. This will also further indigenize R&D in hardware and help promote start-ups in the app development and other domains related to mobile.
P.K. Alok, Advisor to World Trade Sector, says, “We are delighted that the World Trade Center, Noida will facilitate Mobile Open Exchange Zone (MOX). The consolidated ecosystem would channelize foreign direct investments and will earn huge tax revenues from consumption-based and destination-based taxes. Its proximity to various universities in the region will also strengthen industry academia relations and provide an opportunity to industries and universities to work together in the field of research & development. Such initiatives and investments have a positive impact on the brand and we will see a ripple effect of it on our WTC GIFT and WTC Chandigarh projects.”
The Indian mobile phone market is the fastest-growing market in the world. According to DIPP-DoT report, by 2020, mobile industry contribution to GDP will be 8.2%. Uttar Pradesh at the forefront of mobile production in India will alone touch 45% of India’s mobile production by 2020. MOX will be the major catalyst for trade and business in the region.
Moreover, the cluster will benefit the region to thrive and prosper and will contribute to the township development by catering to housing requirement of the migrating workforce. It will also lead to development of a digital society and will fuel social infrastructure development in the region.
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
AMARA RAJA POWER SYSTEMS LTD.
FINOLEX INDUSTRIES LTD.
TATA CONSULTANCY SERVICES
GLOBUS INFOCOM LTD.
Technology Icons Of India 2023: Alok Ohrie
Alok plays a critical role in the Government of India’s Atal Innovat...
Technology Icons Of India 2023: Shailendra Katyal
Shailendra is instrumental in Lenovo achieving the no.1 position in PC...
Technology Icons Of India 2023: Madhabi Puri Buch
Madhabi Puri Buch is the chairperson of the securities regulatory body...
BBNL empowering rural India digitally
BBNL provide high speed digital connectivity to Rural India at afforda...
TCIL continues to strengthen India with its technology expertise
TCIL undertakes consultancy & turnkey projects in the field of Telecom...
EESL encouraging e-mobility adoption across India
Energy Efficiency Services Limited (EESL) is a Super Energy Service Co...
ACCERON INFOSOL PVT. LTD.
It is a leading value added distributor in the IT security space and h...
Crayon Software Experts India Pvt Ltd
Crayon helps its customers build the commercial and technical foundati...
IVALUE INFOSOLUTIONS PVT. LTD.
: iValue Info Solutions is a value added distributor, provides solutio...