Sep
27
RBI Guidelines For Foreign Company Set-up in India & Repatriation of Income
Filed Under Indian Companies, Indian Government, India Business | Leave a Comment
Foreign companies may set up business in India in any one of the following manners while retaining its status as a foreign company:
1. Liaison Offices - A foreign company can open a liaison office in India to look after its Indian operations, to promote its business interests, to spread awareness of the company’s products and to explore further opportunities. Liaison offices are not allowed to carry on any business or earn any income in India and all expenses are to be borne by remittances from abroad.
2. Project Offices - The project office is the ideal method for companies to establish a business presence in India, if the object is to have a presence for a limited period of time. It is essentially a branch office set up with the limited purpose for executing a specific project. Foreign companies engaged in turnkey construction or installation normally set up a project office for their operations in India.
3. Branch Offices - Foreign companies engaged in manufacturing and trading activities outside India may open branch offices for the purpose of:
• Representing the parent company or other foreign companies in various matters in India, like acting as buying and selling agents.
• Conducting research, in which the parent company is engaged, provided the results of this research are made available to Indian companies
• Undertaking export and import trading activities.
• Promoting technical and financial collaborations between Indian and foreign companies.
4. Trading companies - Foreign companies may invest in trading companies engaged primarily in exports. Such trading companies are treated at par with domestic trading companies in accordance with the trade policy.
The RBI accords automatic approval for foreign equity up to 51 per cent for setting up trading companies engaged primarily in exports. All other proposals, which do not meet the criteria for automatic approval, can be addressed to the Foreign Investment Promotion Board, i.e. “FIPB”.
5. Wholly owned subsidiaries - Foreign companies may set up a wholly owned subsidiary, which is an Indian Company with an independent legal status, distinct from the parent foreign company.
Under the current foreign investment policy, a wholly owned subsidiary can be established either under the automatic route, if the conditions specified therein are complied with (specific high priority industries) or obtain an approval from the FIPB.
6. Joint venture companies - Foreign companies may set up a joint venture company i.e. in financial collaboration with an Indian business house/company in India, which is an Indian Company with an independent legal status, distinct from the parent foreign company.
Under the current foreign investment policy, a joint venture can be established either under the automatic route, if the conditions specified therein are complied with or obtain an approval from the FIPB.
Foreign companies intending to set up any kind of office mentioned above activities on behalf of the parent company or foreign trading companies in India for promotion of exports from India have to obtain a prior approval of the Reserve Bank by submitting an application in the prescribed form to the Central Office of Reserve Bank. On approval of such cases, permission is granted initially for a period of 3 years, subject to the condition that expenses of such office will be met exclusively out of inward remittances; such offices are not permitted to generate any income in India.
Industrial Policy:
Industrial Policy determines items/areas reserved under automatic route of approval by the RBI for Foreign Company to do business in India. Automatic approval is available through the RBI in all items/activities with the exception of a few items which are set out in Press Notes issued by the Government of India.
Besides reserved items/areas reserved by Reserve Bank of India are also notified a “List A” which specifies activities that are not covered by its Automatic Route.
To carry on business in items/areas reserved in List A, proposals are required to be approved by Foreign Investment Promotion Board, Government of India for which an application is required to be made to Secretariat for Industrial Assistance, Ministry of Commerce and Industry, Government of India, New Delhi.
Industrial licensing is mandatory in respect certain industries i.e.
- Distillation and brewing of alcoholic drinks;
- Cigars and cigarettes of tobacco and manufactured tobacco substitutes;
- Electronic Aerospace and defense equipment of all types;
- Industrial explosives including detonating fuses, safety fuses, gun powder, nitro cellulose and matches; Hazardous chemicals;
- Drugs & Pharmaceuticals (according to modified drug policy issued in September ‘94).
The compulsory licensing provisions do not apply to the small-scale units manufacturing any of the above items reserved for exclusive manufacture in small scale sector.
Specific Industries are exclusively reserved for the public sector i.e. Arms and ammunition and allied items of defense equipment; defence aircraft and warships; Atomic energy; Railway transport.
Foreign Collaboration:
Indian Companies can also enter into Technical Collaboration Agreements with Foreign Collaborators under two routes:
” The automatic route of Reserve Bank ” Under approval of Secretariat for Industrial Assistance (SIA), Ministry of Industry, Government of India, New Delhi.
Application for foreign technical collaboration which do not conform to the parameters given in automatic route are required to be made to SIA, Ministry of Industry, Government of India, New Delhi. The extension of Foreign Technical Collaboration Agreements (including those approved by the Reserve Bank) is also required to be approved by SIA.
Nuts and Bolts-1: Registration & Incorporation
The procedure for registration of an industrial undertaking varies; it entirely depends upon whether the item proposed to be manufactured falls within the licensed, de-licensed, or small-scale sector. An application seeking an industrial license must be filed with the Ministry of Industry together with the application seeking NRI investment approval. An application in Form FC/IL - SIA must be submitted to the Ministry of Industry for grant of an industrial license.
Form FC/IL - SIA should comprise information related to the promoter and collaborator, proposed activities, items of manufacture, capital structure, borrowings, investment, foreign exchange inflow, technology transfer, if any.
There is no definite time frame as when the approval will be granted, it depends on a case-to-case basis. However, if the information supplied in Form FC / IL - SIA is precise and calls for no clarification from the Government, approval is normally obtained in 4-6 weeks.
In case of an item reserved for manufacture in the small-scale sector unit must get itself registered with the Directorate of Industries/District Industries Centre of the State Government concerned.
Capital investment made in India can be repatriated fully repatriated along-with the profits after completing certain formalities. Also, returns on the investment can be repatriated in two forms i.e.: (1) “Dividend - dividend on shares held by foreign investors is fully repatriable subject to certain formalities, and (2) “Interest - interest earned on bonds or debentures can be repatriated after paying appropriate tax.
The profit, earned by the branch doing permitted activities can be remitted after payment of the necessary taxes in India, the branch office should submit an application for remittance to the authorized person along with necessary documents/certificates etc., as prescribed.
Direct Tax Issues Tax liability in India is basically determined on two criteria viz. Scope of total income and Residential status of the taxpayer. Company that is registered outside India is treated as a Foreign Company.
Taxable income of foreign enterprises determined as per the various provisions contained in the Indian Income-tax Act, wherever a foreign enterprise belongs to a country with which India as entered into an agreement for Avoidance of Double Taxation (AADT), the tax liability determines as per the provision of the relevant AADT.
Author: Rakesh Saxena, Advocate
| The Reserve Bank of India guidelines for setting up FDI bussiness in India. Article Source: http://EzineArticles.com/?expert=Rakesh_J_Saxena |
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Sep
22
CEO beaten to death by dismissed Employees in India
Filed Under IT BPO KPO Services, Training & Education, India Business, Metros | Leave a Comment
The Chief Executive Officer of Gradiano/Graziano was on Monday beaten to death by a group of dismissed employees inside office premises after a meeting called to resolve dispute between them and the management failed. Mr LK Chaudhury, the CEO of Gradiano in Udyog Vihar of Greater Noida, was killed when the agitating workers turned violent and beat him up, Senior Superintendent of Police (Noida) R K Chaturvedi said. - Press Trust of India
According to details from the ground, the workers started throwing stones at the management and one stone crashed the skull of the CEO, Lalit Kishore Chaudhury. Many others in the company’s management are also badly injured.
This has got to be one most shocking incidents coming from corporate India in the recent times.
If Gradiano was a BPO/KPO company, the chances are they would be employing at least graduates, and that makes this most shocking on how such people can act like a mob. It also shows how the fairly accepted ‘hire-and-fire method’ of the West can backfire in India.
While this is an an exception and a rare case, companies now need to be more careful about physical security of their staff. I shudder to think if this is the treatment received to a CEO, then what will be the case if a Manager gave a bad performance appraisal to such workers.
A bad day for Indian business. Hope the criminal workers are brought to justice, and that it serves as a warning to other people. In one shot, these 200 dismissed workers have embarrassed the Indian business/professional community and put an unwanted question mark on the ethics of Indian employees. Such an incident must not repeat.
Sep
8
Indian Retail Industry: Subhiksha Wants To Sell Out
Filed Under Indian Retail Industry, India Business, India Investment Opportunities | Leave a Comment
Subhiksha to be put on the block is the news from Indian Retail Industry.
If you have been following Indian retail industry, you would have noted Subhiksha rapid growth over the last couple of years, adding hundred plus stores per quarter.
Here’s a brief Q&A with Sandeep Saxena, Managing Director of 7Avenues Private Equity and CEO of 7to9 Retail
Q: Why would Subhiksha want to sell now given the valuations aren’t great?
A: I believe it has been reported in different places about the heavy opex costs (potentially losses) that Subhiksha has been incurring due to their large number of open store fronts. As the consumer spending has tightened in the last 6 months, I believe it creates a difficult situaiton that needs lot of cash injection to stay afloat.
Q: But aren’t all Indian retailers facing the same opex burden currently?
A: Not necessary. Those who have grown cautiously over the last couple of year, and focused on building systems and processes to manage the supply and inventory. Market reports have suggested their systems and processes had not kept pace with the pace of new store openings, which can really lead to high opex costs.
Q. What’s your take on the retail business valuation?
A: Every serious investor knows retail is a long-term business, and today’s consumer spending patterns are short-term hurdles. Valuations are based future growth prospects. While I can’t comment on specific valuation of Subhiksha without their revenue and profitability numbers, I can say with confidence having seen successful retailers in the West that those retailers who invest in systems and processes — for better customer management, inventory and supply chain management — are able to command best valuations.
To learn more about Sandeep Saxena, please visit here: http://7avenues.com/about.html
Sep
5
Sovereign Funds Invest $25bn in 2008
Filed Under India Business, India Investment Opportunities | Leave a Comment
Sovereign funds like Singapore’s Temasek Holdings and the Abu Dhabi Investment Authority have become more active and influential after investing in Wall Street and European banks that have been hit by losses from risky US mortgages.
Sovereign funds, which are estimated to hold assets worth as much as $3 trillion, have ballooned in recent years as large Asian exporting countries and oil-rich nations started putting part of their currency reserves into investment vehicles.
For example, Sovereign funds have invested $25.5 billion so far this year to buy stakes in global companies such as Citigroup and Merrill Lynch, up 66 per cent from a year earlier.
These state-backed funds took part in 22 deals, of which 10 deals worth $9.1 billion involved Singapore’s two sovereign funds, Temasek and the Government of Singapore Investment Corp, according to data up to August 28, 2008.
- Bulk of activity was in the US, where sovereign funds invested in $15.8 billion in eight transactions, 62 per cent of their global total and almost five times more than 2007 figure of $3.45 billion.
- Russia ranked second, where Dubai World may invest $5.3 billion in regional power firm OGK-1.
- $1.3 billion invested in Singapore by sovereign funds
(Report Source: Reuters)
Aug
14
India’s Biopharma Surges on Outsourcing Boom
Filed Under Healthcare, India Business | Leave a Comment
A combination of a weakened currency and an urgent need to cut costs at big pharma companies is driving a surge of drug development and manufacturing business for India.
The Wall Street Journal says bad times in Big Pharma are spurring a boom for operators in India as well as China. And about the only near-term switch that could blunt the wave would be a decision to engineer a more valuable rupee.
But one analyst cautions that many Indian developers are finding that the transition from manufacturing generic drugs to devising new therapies can be hard.
“Two years ago, we thought Reddy would do it,” said Sandeep Shenoy, a strategist at PINC Capital. “Three years back, we thought Cipla might do it. Every one of them has had problems.”
Here’s the WSJ article .
Aug
8
India Now 2nd-largest Wireless Market after China
Filed Under Emerging Sectors, India Business, India vs China, Mobile Telecom | Leave a Comment
The number of wireless subscribers in India has reached 250 million, making India the second-largest wireless market in the world, says a World Bank study titled: The Role of Mobile Phones in Sustainable Rural Poverty Reduction.
Authored by Asheeta Bhavnani, Rowena Won-Wai Chiu, Subramaniam Janakiram and Peter Silarszky, the study says India is now second only to China, with tele-density already surpassing the 25 per cent mark.
Currently, China is adding about 6-7 million new subscribers per month, India about 8-9 million and the US about 2-3 million, it notes.
The private sector is also active in India and there are a number of telecommunication companies providing mobile telephone services who have to compete for market share and meet consumer expectations. Mobile telephony has grown rapidly in India, especially during the last three years.
The study states that mobile telephony has a positive impact on economic welfare by generating GDP; job generation (both in the mobile industry and the wider economy); productivity increases; and taxation revenue with mobile operators usually being a sizeable contributor.
For more details, click here.
Jul
27
Indian Trademark Law - Statues, Requirements & Process
Filed Under Research & Development, Indian Companies, India Business, India vs China, Intellectual Property | Leave a Comment
Indian Trademark Law has been codified in conformity with the International Trademark Law and is about to undergo an amendment to be at par International Trademark Law.
Recently India has signed Madrid Protocol that will allow Foreign Applicants to file an International Application designating India like many countries around the globe e.g China.
Though unlike China and many other countries Multi class filing is allowed in India.
Statues:
The various statues dealing with Intellectual property laws in India are as follows:
1. Trademarks Act, 1999
2. Copyright Act, 1957
3. Patents Act, 1970 as amended by Patents (Amendments) Act, 2005
4. Designs Act, 2005
5. Code of Civil Procedures, 1908
6. Indian Penal Code, 1860
7. Geographical Indication of Goods (Registration & Protection) Act, 1999
8. Semiconductor, Integrated Circuit Layout Design Act, 2000
9. Plants Varieties Protection and Farmers’ Rights Act, 2001
10. Information Technology Act, 2000
Requirement:
A ‘Trademark’ means a mark capable of being represented graphically and which is capable of distinguishing the goods or services of one person from those of others. A ‘Mark’ includes a device, brand, heading, label, ticket, name (including abbreviations), signature, word, letter, numerals, shape of goods, packaging or combination of colors and any combination thereof.
The two main requirements of a trademark are that it must be distinctive (adapted to distinguish the goods/services of the applicant from that of others) and not deceptive. Therefore while selecting a trademark, words that are directly descriptive of the goods, common surnames or geographical names should be avoided as these confer weaker protection to the proprietor even if registered. Now the concept of “well known mark” has been introduced after the last amendment and Section 2 (zg) defines a well known mark as:
“Well-known trademark, in relation to any goods or services, means a mark which has become so to the substantial segment of the public which uses such goods or receives such services that the use of such mark in relation to other goods or services would likely to be taken as indicating a connection in the course of trade or rendering of services between those goods or services and a person using the mark in relation to the first mentioned goods or services.” While determining whether the mark is well-known mark, the registrar will take in to consideration while determining that the mark is a well known mark.
(a) the knowledge or recognition of the alleged well known mark in the relevant section of the public including knowledge obtained as a result of promotion of the trademark.
(b) the duration, extent and geographical area of any use for that trademark.
(c) The duration, extent and geographical area for any promotion of the trademark including advertising or publicity and presentation at fairs or exhibition of the goods or services
in which the trademark appears.
(d) The duration and geographical area of any registration of any publication for registration of that trademark under this Act to the extent that they reflect the use or recognition of that
trademark.
(e) The record of successful enforcements of the rights in that trademark, in particular the extent to which the trademark has been recognized as a well known trademark by any Court or Registrar under that record.
Whereas a trademark has been determined to be well known in at least one relevant section of the public in India by any court or Registrar, the Registrar shall consider that trademark as a well known trademark for registration under this Act.
“Relevant section of Public” may be actual or potential consumers of, persons involved in channels of distribution of or business circles dealing with the type of goods or services to which the mark is applied.
The Registrar is not required to consider the following facts while determining a well known trademark.
a) The Trademark has been used in India
b) The Trademark has been registered
c) The application for registration of the Trademark has been filed in India.
d) The trademark is well known in or has been registered in, or in respect of which an application for registration has been filed in any jurisdiction other than India or
e) The trademark is well known to the public at large in India.
Priority:
For claiming a priority from an application filed in United States a corresponding application should be filed in India within 6 months of date of filing of original application.
Various Grounds for refusal:
Absolute grounds:
Section 9 of the Trademarks Act, 1999 sets out the absolute grounds for refusal of trademarks, which can be grouped under following heads:
a) Trademark is devoid of distinctive character;
b) Trademarks that are descriptive;
c) Trademarks likely to deceive of cause confusion;
d) Trademarks or signs that are customary in current language and in the bonafide and established and customary practice of the trade;
e) Trademarks comprising scandalous or obscene matter or likely to hurt religious susceptibilities in India;
f) Trademarks consisting of shape which are purely functional or are necessary to obtain a technical result or give substantial value to the goods; or
g) Trademarks whose use is prohibited under Emblems and Names (Prevention of Improper Use) Act, 1950.
Prohibition:
Section 13 of the Trademarks Act, 1999 prohibits registration of any word as trademark which is:
a) Commonly used and accepted name of any chemical element or any chemical compound (as distinguished from mixtures) in respect of a chemical substance or preparation; or
b) Declared by the World Health Organization and notified as such by the Registrar, as an International non-proprietary names.
Relative grounds of refusal:
Section 11 of the Trademarks Act, 1999 sets out the relative grounds for refusal of trademarks, which can be grouped under following heads:
a) identical or similar to a previous mark with and/or without similar or identical goods;
b) Prohibition of use of the trademark under passing off or law of copyright;
Statutory defense available under the Act:
For registration:
a) Honest concurrent use;
b) Acquiescence; or
c) Prior user
Against Injunction suit or criminal matters
a) Use in accordance with honest practices in Industrial or commercial matters;
b) Parallel Imports;
c) Fair use in description of the goods or services; or
d) Generic ness.
Special Considerations in case of well known mark:
As per Section 11 of the Trademarks Act, while considering an application for registration of a trademark and opposition filed in respect thereof the Registrar shall
a) protect a well known trademark against the identical or similar trademark.
b) take into consideration the bad faith involved either of the applicant or the opponent affecting the rights relating to the trade mark.
However this provision shall not effect the trademark if it trademark has been registered in good faith disclosing the material information to the Registrar or where right to a
trademark has been acquired through use in good faith before the commencement of this Act.
Enforcement of Trademarks Rights:
Opposition (before the Registrar) and Cancellation (before the Registrar as well as Appellate Board)
Opposition can only be done after publication of the trademark and within 3 months of date of availability of Journal. One month extension is available if sought before the expiry of 3
months time.
Cancellation on the ground of non-use for a period of 5 years and 3 months and proof of intention on part of the registered proprietor not to use the trademark at the filing date and nonuse till the cancellation petition.
Before the Courts: Ex-parte Injunction, Permanent Injunction, Anton Pillar Order, and /or Arrest and Seizure of goods (irrespective of registration).
Assignment/ license:
Trademarks are now recognized as a “movable property” under the Indian law and can be therefore assigned/ licensed. A trademark can be assigned with or without the goodwill
attached to it.
Renewal:
The trademarks can be renewed perpetually, are renewable for a period of 10 years on payment of prescribed fees.
Express processing:
Under Indian trademark law now it is possible to expedite the various proceeding e.g. search, examination etc. by filing a request with prescribed fees. Indian Trademarks law are at par with the International laws and has stringent procedures for safeguarding and protecting interest of the proprietor of mark.
The author, Sudhir Aswal, is an Advocate and Registered Patent And Trademark Attorney with Aswal Associates and handles IPR division of the firm and is having the vast experience of having being associated with various premier IPR firms of India in the past. The author is also a member of APAA. Article Source: http://EzineArticles.com/?expert=Sudhir_Aswal
Mar
25
Indian Mobile Customer Base Set To Grow Ahead US Behind China
Filed Under Indian Companies, Emerging Sectors, India Business, Mobile Telecom | Leave a Comment
The Telecom Regulatory Authority of India (TRAI) has released a report on growth numbers in February in Telecom Space yesterday- March 24th.
This change can be accounted due to decrease in wire line subscribers over the month. Total wireless addition increases the wireless subscriber base in the country to just over 250 million (250.93 million is forecasted).
The overall tele-density in the country has now crossed over the quarter mark (25.31%).
As per projections by different regulatory bodies, US is adding 2-3 million wireless subscribers per month while India is adding above 8 million per month.
Currently the US has approximately 10 million more subscribers then India. So if we project the rates in future, then India will take over US by April and become second biggest mobile network in world. China will still be much ahead with more than 550 million subscribers.
Amongst other highlights in the reported numbers, is the fact that the growth rate of subscriber addition for Indian operators is continuing at a very high and stable rate.
Even on absolute level, India is adding more customers than China and with the tele-density still at comparatively lower levels, it would be reasonable to expect such good numbers for another 12 to 18 months.
On the operator side, Bharti is still leading the pack in adding new subscribers ahead of Reliance. Bharti added just over 2.2 million in February while Reliance Infocom added approx 1.6 million.
So another major milestone approaches for the mobile industry in India when it will become world’s second biggest network ahead of US. Indian companies have benefited to a great extent due to their lack of legacy and helpful government policies to transform the sector but their next challenge is to profitably monetize the value added services.
Mar
21
Indian Mobile TV Prospects Look Promising
Filed Under Emerging Sectors, India Business, E-Business, New Media, Mobile Telecom | Leave a Comment
I believe that the entire broadcast space is nicely poised in a balance between different mediums at present. On one hand, we have traditional mediums like TV. On the other hand, we have a newer medium like Internet, which after an initial period of hype and bust, is increasingly understood and integrated as an important channel of delivery by traditional firms. To make this mix more exciting, we now have mobile TV.
Mobile TV works on the concept that mobile devices act as an alternative distribution interface allowing customer to view broadcasts made by providers on their hand set. Although the medium is still struggling to find out the most efficient technology, the signs are encouraging that the industry is moving towards some sort of standardization. Just to take the example of the technologies, in recent times DVH - B technology is getting traction in the industry.
In any case, due to the attractive market size and focus from the providers I think that very soon we shall see emergence of a viable model where mobile TV does become attractive for operators and consumers.
As reported by Sify (”Mobile TV services in for a big leap”"), “Indian mobile phone users are ready for TV on mobile services with the target market size expected to reach $360 million by 2008, according to the recent study by Springboard Research.
According to the report, 84% of mobile phone users are interested in using mobile TV service provided the service is commonly available and affordable.
Almost 60% of these will prefer watching the same content that they get on TV at home. News, sports, music videos and game shows were the four dominant types of content that the surveyed users will prefer watching on mobile TV.”
So on one hand, we have providers using Internet to redefine the ways in which to watch TV (youtube.com) and on the other hand, we have TV on mobile that is providing alternate channel for the broadcasters to reach the viewers. To make it more interesting, internet on mobile is a reality for a large numbers today so in fact viewers can already watch sites like youtube.com that are trying to replace TV broadcasters.
To conclude, there are multiple battles going on in this space and the viewers have abundance of choices. On one level, we have choice between traditional broadcasters and newer internet models in defining what content to watch and how it will be done. On another level, we have choice of where to watch the content between computers, traditional television sets and now mobiles. The providers that can work out the right answers have a lot to gain.
About the Author: Yogesh Dashrath is finance business professional based in Europe. He actively tracks Indian business developments and is a frequent contributor to India-Business-Review.com. He is an alumnus of IIM Lucknow, and can be reached using the Contact page.
Mar
9
Ready For Mobile TV in India?
Filed Under India Business, New Media, Mobile Telecom | Leave a Comment
“Mobile TV” is an upcoming technology that will enable consumers and users to watch television on mobiles or cell phones. Mobile TV also assures to open improved opportunities for governments to provide enhanced services such as education, healthcare, safety and security to all citizens.
This advanced technology is soon to debut in India and everyone in the country is eager to new opportunities and benefits provided by this service.
Today, mobiles or cell phones have become a ubiquitous device in India. People are looking for everything on their mobile phones, from organizing their work, keeping reminders to hearing music and playing games. That’s the reason the desire and eagerness of Mobile TV came into picture.
Unveiling of mobile TV in India is natural evolution in technological innovation. This entertaining medium will definitely bring a revolution in media, wireless and broadcast industries. It will empower business users to get the latest stock information, teenager to enjoy their favorite shows and housewives to catch their favorite household items, all on the go.
Mobile TV is not a completely new concept in terms of technology as it simply blends the existing technologies of television and mobile phones. The convergence of these two technologies pioneer new forms of interactivity, facilitating delivery of persuasive content and services for a rich, high class, immersive consumer experience.
In many countries worldwide, Mobile TV has already launched and in India it is expected to launch this year. The country is expected to announce the 3G policy, a vital requirement for introducing this innovative technology. GPRS edge or 3G, based on Java application, is the fundamental or basic requirement for launching mobile TV. Through this consumers can access all the channels provided by the subscribers.
Other technology standards required for launching and introducing Mobile TV are FLO (Forward Link Only), DMB-T (Digital Video Broadcasting - Terrestrial), DVB-H (Digital Video Broadcasting - Handheld) and ISDB-T (Integrated Digital Broadcast-Terrestrial).
- Ericsson and BPL mobile manufacturers are keen on establishing the Mobile TV platform for telecom patrons in India.
- It is believed that BPL is signing a partnership with China’s ZTE to make the innovative technology of Mobile TV possible on GSM platform. It is expected to provide real time news channels such as NDTV, CNBC, Aajtak and Headlines Today.
- Nokia, the world’s largest mobile phones manufacturer, is planning to establish manufacturing hubs in India and China for manufacturing N-Series-Mobile TV Phones.
- Reliance Infocom is no exception, rather it’s ahead of all. Reliance has already started offering news channels through video streaming on its CDMA network.
Mobile TV is as simple and convenient as you watch TV shows online. Online television was also a result of innovative technology and now mobile television is entering the market with lucrative business opportunities and convenient source of fun and entertainment, all your way. So, just wait and watch to enjoy the benefits of Mobile TV in India.
For more resources on Mobile TV in India check Indian News. Article Source: http://EzineArticles.com/?expert=Jennie_Gandhi
