Live updates of Bizz Buzz Business Conclave - Profit from Ideas

Mr Sanjay shared about the journey and how AP can play a vital role in attracting investment and talent and serving the global needs of Sriharikota.

He said he started building satellites when he was 19 yrs old, and after 15 years of bachelor's, I am running India's first space technology startup. I encourage AP to bring in a framework where AP builds and launch student satellite.

In the next decade, 60K satellites are set to be launched. He requested AP to go one step forward and build an infrastructure that brings a lot of foreign companies and domestic startups under one roof. He urged to look at space as the vertical to grow your business.

Ms Poornima shared about her journey from 2005, when she was the President of India Semi Conductor Association. She said she checked the AP State Electronic Policy and three "S" stood out for her

S- Skills

S- Social Infrastrucre

S- Innovation and startups

She stressed on right trained manpower to make any business successful.

Mr Sanjeev shared about the Ministry of Electronics and IT report that the Electronic manufacturing market, which was at 120 billion dollars last year, will grow by 300 billion dollars by 2025. The ESDM will be going to 400 billion dollars by 2026.

It will be a prominent industry from the overall economic point of view .ie. 8% of the whole GDP. He said this sector is critical, and we need to be atmanirbhar for all the power grid technologies.

He further added that the electronic sector would create 2 million jobs in the next five years.

The first session of the Bizz Buzz Business Conclave by ‘The Hans India’ was launched the ‘The Hans India Chief Editor Ramu Sarma on Friday morning at Novotel in Vizag on Friday morning at 9 AM. The second session kicked off smoothly. The session mainly focused on Embedding Bharat's code in the global circuit. Read More:-

He shared the advantages of manufacturing electronic components in AP:

1. The geographical conditions - the state has six major ports and six airports, out of which three are international, so logistic costs will come down drastically compared to any other state.

2. Ecosystem - AP has the world's largest original equipment manufacturer - Foxconn

AP has the world's largest original design manufacturer- Wintech

AP has a Japan cluster, and a Korean and Taiwan cluster.

3. AP Government Incentives - Govt will establish Electronic manufacturing infrastructures from scratch.

Mr Kishore said Electronic components manufacturing is a cutthroat competition between countries, not states. India has to compete with the giants like Taiwan and Korea.

He stressed Electronic components manufacturing in the country is cheaper than importing from foreign countries. So if we don't manufacture, there won't be any growth here.

Post lunch, Ms Uma Reddy opened the Q&A session. She shared, we have seen the electronic sector grow for three and a half decades. We have covered the journey from analogue to digital and now more with AI and machine learning. In 2020 electronic manufacturing sector is at 425 billion dollars, and from this, how much of each electronic sector capture. Electronic manufacturing policies cover four areas: R&D, Electronic Manufacturing, Ecosystem of doing business and component manufacturing.

The Bizz Buzz Business Conclave by the Hans India begins its 3rd session with the same enthusiasm. Several panelists and dignitaries have attended the BBBC programnme in Visakhapatnam. The new dignitaries have also hailed ‘The Hans India’ for organising such a unique conclave for the sake of the young enthusiast businessmen and choosing Visakhapatnam for its first phase of BBBC programme. Read more:-