logo
KhushTech Korea plans $100 million investment in Andhra for D2M phone factory: CEO Eric Shin

KhushTech Korea plans $100 million investment in Andhra for D2M phone factory: CEO Eric Shin

Times of Oman17-07-2025
New Delhi: Electronics manufacturer Khushtech Korea, in collaboration with India's Tejas Network, has developed a direct-to-mobile (D2M) feature phone, where consumers can access live TV channels, OTT videos, audio broadcasts, and text-based information all without any internet or WiFi connection.
The D2M phones will use India's terrestrial TV broadcast airwaves to provide an internet connection to consumers.
The Khushtech D2M Feature Phone includes a Saankhya Labs SL-3000 D2M demodulator chip embedded in the device and is intended for use in the 470-608 MHz broadcast bands.
Eric Shin, the founder and CEO of KhushTech, told ANI that they expect BIS certification for the phone by the end of July. Besides, approval from the Indian government for D2M technology is also awaited.
Shin recently had a meeting with Andhra Pradesh IT and Electronics Minister Nara Lokesh, where he indicated setting up a D2M mobile phone factory, with an initial investment of USD 20 million.
Further, it plans to invest another USD 80 million in the next 5 years' time, taking the total investment to USD 100 million here in India.
"We are planning to build up the factory in AP(Andhra Pradesh) State to realise Made in India," Shin told ANI.
Minister Lokesh sees D2M services, enabled by Khush Tech's feature phone, as groundbreaking in eliminating the digital divide in rural and remote areas in line with Prime Minister Narendra Modi's clarion call for Viksit Bharat.
KhushTech CEO Eric Shin also indicated that they have a dream to create a cluster of Korean high-tech SMEs in Andhra Pradesh.
"Our D2M phones are 4G-enabled, ensuring reliable voice and data services. They do not support 5G at this time," Shin told ANI. "Since the content is freely broadcasted over the air, users don't need mobile data or WiFi to access. D2M-enabled phones are equipped with specialised chipsets (like the SL3000 from Tejas Networks) and antennas that can receive these signals directly. Users can watch live TV, educational content and receive emergency alerts without buffering and network congestion."
The primary target market is rural populations and lower-income segments in villages, where feature phone usage is high and internet penetration is low.
These users are accustomed to broadcast media and prioritize affordability. There are 300 million feature phone in India, and KhushTech is expecting D2M feature phones to replace more than 50 per cent of feature phone volume.
As part of their marketing plans, they are exploring online e-commerce platforms, in addition to a strong offline presence in Tier 2, Tier 3 cities, and rural areas through partnerships with retailers and distributors. On top of that, collaboration with telecom operators for bundled offers are also under consideration.
"We've initiated conversations with retailers and e-commerce platforms to ensure wide availability across urban and rural markets," he said.
The D2M phones will also support UPI payments, enabling secure and convenient digital transactions similar to smart phones.
"Khushtech will continue to invest in D2M technology for further development of various products and services such as D2M smartphones, D2M Tablet PCs, and D2M Laptops," Shin said.
Khushtech Korea is the world's first D2M feature phone company in the world, jointly developed with SaankhyaLab/Tejas Network.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

14 IPOs including NSDL and 10 SMEs opening next week
14 IPOs including NSDL and 10 SMEs opening next week

Times of Oman

time16 hours ago

  • Times of Oman

14 IPOs including NSDL and 10 SMEs opening next week

New Delhi: The Indian IPO market is set for a significant week starting Monday, with 14 new initial public offerings (IPOs) across the mainboard and SME segments. These IPOs, combined on the mainboard and SME, aim to raise over Rs 7,000 crore collectively. Among the mainboard IPOs, subscription for National Securities Depository Ltd's shares will start on Wednesday with an issue size of Rs 4,012 crore (entirely an offer for sale); the price band is Rs 760-800 per share. NSDL, India's largest depository, is expected to attract strong institutional demand due to its role in the growth of Indian capital markets, analysts said. Among other mainboard issues are those of Aditya Infotech (opening on Tuesday) with an issue size of Rs 1,300 crore and a price band of Rs 640-675 per share. It is an IT services firm focusing on cloud, automation, and AI segments. Laxmi India Finance is opening for subscription on Tuesday with an issue size of Rs 254 crore, priced at Rs 150-158 per share. It is a non-banking financial company (NBFC) targeting MSME and vehicle loans in Tier II and rural areas. Sri Lotus Developers is opening on Wednesday with an issue size of Rs 792 crore, price band kept at Rs 140-150 per share. It is a real estate player. The SME IPOs that will be up for subscription, with issue sizes ranging from Rs 20 crore to Rs 130 crore, are: Kaytex Fabrics; Renol Polychem; Cash Ur Drive; Mehul Colours; Takyon Networks; M&B Engineering; BD Industries; Umiya Mobile; Repono; and Flysbs Aviation. Furthermore, the week starting Monday, a long list of companies is set to be listed on the main board and the SME board. Indiqube Spaces is scheduled to be listed on Wednesday. GNG Electronics will be listed on the BSE and NSE, with a tentative listing date set for Wednesday. Brigade Hotel Ventures will be listed on the BSE and NSE, with a tentative listing date set for Thursday. Shanti Gold International will be listed on the BSE and NSE, with a tentative listing date set for Friday. Savy Infra, Swastika Castal, Monarch Surveyors, TSC India, Patel Chem Specialities, Shree Refrigerations, and Sellowrap Industries are set to be listed as SMEs over the next week. Initial public offerings (IPOs) in India are expected to regain momentum after a relatively steady first half of 2025, the latest data analysis by S&P Global Market Intelligence indicated. The financial information and analytics firm attributed favourable equity market conditions and a healthy pipeline of planned share sale deals in India.

Only 20-25% of India's 850 mn internet users shop online, shows untapped potential: McKinsey report
Only 20-25% of India's 850 mn internet users shop online, shows untapped potential: McKinsey report

Times of Oman

time16 hours ago

  • Times of Oman

Only 20-25% of India's 850 mn internet users shop online, shows untapped potential: McKinsey report

New Delhi: India's e-commerce sector is set for significant growth in the coming years, according to a report by McKinsey & Company. The report noted that only 20-25 per cent of India's 850 million internet users shop online. This is much lower as compared with mature markets like the United States and China, where over 85 per cent of internet users make purchases online. The report said, "Out of the country's 850 million internet users, only about 20 to 25 per cent shop online". The report also highlighted that India has seen a strong rise in e-commerce activity over the past few years. The country is not just catching up as a fast adopter of online shopping but is also emerging as an innovator in the field. This is especially visible in the rapid growth of quick commerce platforms that deliver goods in a very short time. However, e-commerce still accounts for only 7 to 9 per cent of India's total retail sales as of fiscal year 2023. This share is expected to more than double to between 15 and 17 per cent by 2030, showing the huge potential for expansion. New business models are changing the shape of the e-commerce industry in India. Quick commerce and social commerce together make up more than 15 per cent of the e-commerce market today. Their share is expected to exceed 25 per cent by 2030. E-commerce companies are also finding new ways to serve consumers. They are expanding into new categories such as instant bookings for domestic services, professional help, and even medical aid. The next wave of growth in Indian e-commerce is likely to come from two main factors. One is the increasing entry into new segments like B2B (business-to-business) commerce and building materials. The other is the rising demand from tier-two and tier-three cities. These cities are seeing faster income growth than metro and tier-one cities. Monthly incomes in tier-two cities grew by 18 per cent between 2023 and 2024, which is higher than the growth seen in bigger cities. The report suggested that e-commerce in India will go beyond simply disrupting traditional retail. It is expected to reshape the entire retail system, including areas like last-mile delivery and logistics.

India's Q-Commerce market to top $23 billion by 2028: CareEdge
India's Q-Commerce market to top $23 billion by 2028: CareEdge

Times of Oman

time18 hours ago

  • Times of Oman

India's Q-Commerce market to top $23 billion by 2028: CareEdge

New Delhi: India's quick commerce (Q-commerce) market is on for a major chnage, with its value projected to surge to $23.53 billion by FY28, according to a recent report by CareEdge Ratings. This marks a near threefold increase from the estimated $7.5 billion expected by FY25, solidifying India's position as one of the world's most dynamic and rapidly evolving digital consumer markets. The report highlighted that platforms are now increasingly leveraging advertising, subscription models, private labels, and tech-led inventory optimisation to ensure sustainable and long-term growth. It stated "the next wave of optimisation, through intelligent zoning, advanced demand forecasting, and warehouse automation, is expected to revive the profitability scenario". The report also pointed out that the Q-commerce market in India is estimated to have touched around Rs 64,000 crore in FY25, growing at an impressive CAGR of 142 per cent between FY22 and FY25. This rapid growth has been largely driven by changing consumer preferences, improvements in hyperlocal infrastructure, and the advantage of a low base. While growth remains strong, the report suggests that the next phase for the sector will focus more on profitability rather than aggressive expansion. The report also points out that the real operational strength of the Q-commerce model lies in dark stores or micro-warehouses, which enable ultra-fast deliveries. The number of dark stores rose sharply from 1,800 in FY24 to 3,072 in FY25, showing a 70.7 per cent year-on-year increase. At the same time, the average revenue per store also went up by 25.1 per cent, suggesting better unit economics and improved efficiency in inventory and space utilisation. Most Q-commerce players already use technologies like real-time inventory sync, AI-based stock replenishment, and zone-specific SKU planning. As the sector continues to expand, further optimisation is expected through intelligent zoning, advanced demand forecasting, and automation in warehouses. These steps are expected to boost profitability and strengthen the logistics backbone of the sector. The report also highlighted that strong double-digit growth is likely to continue in the coming years, supported by increased adoption in Tier II and Tier III cities, better delivery networks, and a growing consumer shift towards instant order fulfilment.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store