Latest news with #MII
Time of India
2 days ago
- Business
- Time of India
DoT to review public sourcing policy
New Delhi: The Department of Telecommunications (DoT) plans to review its public procurement policy (PPP) with preference to Make-in-India (MII) order issued in October last year in a bid to incorporate more products and likely relax local sourcing requirements . The DoT had identified 36 products that must have more than 50% local value addition to be eligible for procurement by the Centre and its affiliated entities. Since 5G products were excluded from the list, it had incorporated an enabling provision to review the products from time to time. As per the DoT's notice issued on Wednesday seeking stakeholders' comments, it proposes to review its PPP-MII order dated October 21, 2024, specifically for aspects concerning the list of products notified under the order, product wise local content (LC) requirement including the ceiling of LC for design, conditions of inputs (including design) to be qualified as LC and criteria for calculating LC for software products. The stakeholders can send their comments within 30 days. "Multiple reports (NITI Aayog, Trai, MAIT, PLI companies, etc) indicate that India's limited component ecosystem poses challenges in achieving 50-60% LC in electronic/telecom products. Recognizing this constraint, the conditions for LC qualification also requires a review," the notice said. Currently, the list of products where the minimum LC has to be more than 50% include routers, ethernet switches, media gateways, customer premises equipment, Gigabyte Passive Optical Network equipment, satellite phones and terminals, optical fibre and cable and telecom batteries. While tightening the norms and pushing for Make-in-India, the government had excluded imported items sourced locally from resellers and distributors from the calculation of LC. Besides, royalties, technical charges paid out of India and supply of repackaged and refurbished goods were excluded from the calculation of LC. In case of public procurement, preference is given to class-1 suppliers. In case, class 1 supplier is not able to supply, class 11 supplier is given a chance. All companies making products under the production-linked incentive (PLI) scheme for telecom equipment would be treated as class 11 suppliers. A class 1 supplier has to have 50% LC while a class 11 supplier needs 20% LC. "Any recommendations for the inclusion of new products or exclusion of existing ones must be substantiated with detailed justification...," the notice said.
Time of India
2 days ago
- Business
- Time of India
DoT mulls reviewing PPP-MII order, may relax local sourcing requirements
New Delhi: The Department of Telecommunications (DoT) plans to review its public procurement policy (PPP) with preference to Make-in-India (MII) order issued in October last year in a bid to incorporate more products and likely relax local sourcing requirements . While issuing the guidelines for the PPP Make-in-India order last year, the DoT had identified 36 products that must have over 50% local value addition to be eligible for procurement by the Central government and its affiliated entities. Since 5G products were excluded from the list, the DoT had incorporated an enabling provision to review the products from time to time. As per DoT's notice seeking stakeholders' comments, it proposes to review its PPP-MII order dated October 21, 2024, specifically for aspects concerning the list of products notified under the order, product wise local content (LC) requirement including the ceiling of LC for design, conditions of inputs (including design) to be qualified as LC and criteria for calculating LC for software products. 'Multiple reports ( NITI Aayog , Trai, MAIT, PLI companies etc.) indicate that India's limited component ecosystem poses challenges in achieving 50-60% LC in electronic/telecom products. Recognizing this constraint, the conditions for LC qualification also requires a review,' the DoT notice said. Currently, the list of products where the minimum LC has to be over 50% include routers, ethernet switches, media gateways, customer premises equipment, GPON equipment, satellite phones and terminals, optical fibre and cable and telecom batteries. While tightening the norms and pushing Make-in-India, the government had excluded imported items sourced locally from resellers and distributors from the calculation of LC. Besides, royalties, technical charges paid out of India and supply of repackaged and refurbished goods excluded from the calculation of LC. In case of public procurement, preference is given to class-1 suppliers. In case, class 1 supplier is not able to supply, class 11 supplier is given a chance. All companies making products under the production-linked incentive (PLI) scheme for telecom equipment, would be treated as class 11 suppliers. A class 1 supplier has to have 50% LC while a class 11 supplier needs 20% LC. 'Any recommendations for the inclusion of new products or exclusion of existing ones must be substantiated with detailed justification including verifiable data such as list of major manufacturers, estimated LC value (%), annual production capacity, domestic sales and exports/imports (with figures), sales to public sector entities etc,' the notice added. The stakeholders can send their comments within 30 days.
Time of India
2 days ago
- Business
- Time of India
Telecom department plans to relax local content requirements under Make in India policy
The Department of Telecommunications (DoT) plans to review its public procurement policy (PPP) with preference to the Make-in-India (MII) order issued in October last year, in a bid to incorporate more products and likely relax local sourcing requirements . While issuing the guidelines for the PPP Make-in-India order last year, the DoT had identified 36 products that must have over 50% local value addition to be eligible for procurement by the Central government and its affiliated entities. Since 5G products were excluded from the list, the DoT had incorporated an enabling provision to review the products from time to time. Also Read: Musk's Starlink clears major India hurdle; in line for satcom licence after agreeing to new set of conditions As per the DoT's notice seeking stakeholders' comments, it proposes to review its PPP-MII order dated October 21, 2024, specifically for aspects concerning the list of products notified under the order, product-wise local content (LC) requirement including the ceiling of LC for design, conditions of inputs (including design) to be qualified as LC, and criteria for calculating LC for software products. 'Multiple reports ( NITI Aayog , Trai, MAIT, PLI companies etc.) indicate that India 's limited component ecosystem poses challenges in achieving 50–60% LC in electronic/telecom products. Recognising this constraint, the conditions for LC qualification also require a review,' the DoT notice said. Currently, the list of products where the minimum LC has to be over 50% includes routers, ethernet switches, media gateways, customer premises equipment, GPON equipment, satellite phones and terminals, optical fibre and cable, and telecom batteries. While tightening the norms and pushing Make-in-India, the government had excluded imported items sourced locally from resellers and distributors from the calculation of LC. Besides, royalties and technical charges paid out of India, and the supply of repackaged and refurbished goods were excluded from the calculation of LC. In the case of public procurement, preference is given to class-1 suppliers. If a class-1 supplier is not able to supply, a class-2 supplier is given a chance. All companies making products under the production-linked incentive (PLI) scheme for telecom equipment would be treated as class-2 suppliers. A class-1 supplier has to have 50% LC, while a class-2 supplier needs 20% LC. 'Any recommendations for the inclusion of new products or exclusion of existing ones must be substantiated with detailed justification, including verifiable data such as a list of major manufacturers, estimated LC value (%), annual production capacity, domestic sales and exports/imports (with figures), sales to public sector entities, etc.,' the notice added. Stakeholders can send their comments within 30 days.
Irish Independent
23-05-2025
- Business
- Irish Independent
Glanbia Performance Nutrition and Opinions scoop top prize at MII All Ireland Marketing Awards
Over 800 professional Irish marketers gathered at the Clayton Hotel for the prestigious awards hosted by the professional body, which are uniquely judged by an in-person panel of business experts. Awards were presented across 22 categories, including for emerging talent, international marketing, insights and market research, and marketing team of the year. Glanbia Performance Nutrition in partnership with the research company Opinions delivered the award-winning business case study, winning the MII All Ireland Marketing Awards Grand Prix. They scooped the top prize for highlighting their 'insightful understanding of consumer motivations to build a framework upon which their global brands can be modelled'. Diageo Ireland won a record five awards, while Waterwipes took home gold in two categories. 'We recognise and celebrate the power of marketing to build business through brands and we are witnessing businesses that are literally conquering the world, inspiring audiences, beating competitors and adding tens of millions of euro to the bottom line of their businesses,' said chief executive of MII Shane McGonigle. "Professional Irish marketers are building some of the most successful brands in the world, brands that are strengthening our businesses right across the economy.' 'Marketing is now at the heart of driving business success and at MII we are delighted to see so many Irish marketers and businesses shine tonight and to highlight the contribution of their work and that of their teams, their companies and how long-term business growth is at the centre of supporting the Irish economy,' said Mark Nolan, the chairman of MII. The MII National Marketing Professional Services initiative has just been launched, which provides a structured and strategic approach to supporting the development of marketing professionals and advancing the wider industry. Services include the creation of the MII National Marketing Competency Framework, the establishment of professional standards, and the introduction of accreditation tools. MII, the professional body representing marketing professionals in Ireland, was incorporated in 1962 with the mission to develop better marketers and deliver better performance for the individual, their company and the Irish economy overall.
Time of India
20-05-2025
- Business
- Time of India
Sebi revised norms: Sebi updates audit committee norms for MIIs
Mumbai: The Securities and Exchange Board of India (Sebi) on Monday revised norms on the composition of audit committee and internal audit mechanism at market infrastructure institutions (MIIs).The regulator said the audit committee of the MII should not have any executive director including the managing director. The auditors of the MII and the key management personnel (KMP) would have a right to be heard in the meetings of the audit committee when it considers the auditors's report but would not have the right to vote, it said . Further, whenever required, the KMPs could be invited to attend the audit committee meetings with the permission of the chair but would not have the right to vote."The terms of reference of the audit committee amongst others involves approval of related-party transactions, scrutiny of financial statements, evaluation of internal financial controls and risk management systems, etc which requires objective evaluation of the functioning and decisions of the management," Sebi also said MIIs should conduct internal audit of functions and activities at least once in a financial year. Besides, internal auditor should be an independent audit firm and report only to the audit committee.
