proud_indian
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Well said.
Sometime the need of the hour is jobs and these cannot be created overnight with your approach. It should be both " made in" and "make in" approach. You need to update the skill level of your youth in order to attract foreign investment in your country. Having right political climate, infrastructure, connectivity is also important to attract the funds. So,it is an ecosystem that needs to be nurtured.
you are right we have to have an ecosystem of manufacturing then innovations will follow along.
Micromax's Yu files for patents on hardware innovation
Micromax's subsidiary Yu Televentures has filed four patents on hardware innovation designed in-house and packed into its smartphone Yuphoria.Gulveen Aulakh | 13 May 2015, 9:22 AM IST
NEW DELHI: Micromax's subsidiary Yu Televentures has filed four patents on hardware innovation designed in-house and packed into its smartphone Yuphoria. The move comes at a time when the home-grown budget smartphone maker is moving towards building its own technology and offering services on top of devices even as it invests in startups.
Yu Televentures unveiled locally-designed Yuphoria for 6,999 on Tuesday. Priced lower than predecessor Yureka that came in at 8,999 in December last year, Yuphoria is set to counter offerings from Chinese brands such as Xiaomi and Huawei, and others that mostly compete on price.
"We're moving to becoming a technology company," Rahul Sharma, co-founder of Micromax said. "We're not only interested in mobile phones. You will see a lot of interesting stuff."
To break into the top five smartphone brands in the country, Yu will have to up the ante as established companies such as Microsoft and local brands, including Intex and Lava, have launched devices in the affordable price segment.
The company's design labs in Bengaluru and Beijing have designed Yuphoria smartphone including the metal frame, which also works as an antenna, used for making and receiving calls and data. Sharma said the company has filed four patents for design and innovation of the antenna solution. "We will be developing more technology indigenously for which we will be filing more patents. A lot of products will be made in India," Sharma said.
He clarified that the company's decision to build its own technology and filing patents was not connected to the ongoing legal dispute with Ericsson on standard essential patents (SEP) used for making mobile phones.
To set itself apart from competition, Yu launched a health monitoring sensor called Health Yu at 4,999. The sensor can latch on to any device and record a person's blood pressure, body temperature, oxygen level, heart rate and ECG (electrocardiogram) in real time. It also launched a wearable device Yu Fit, priced at 999.
Micromax had a 15.3% share of the smartphone market and 12.2% of the overall market in India in the quarter to March, according to Counterpoint Research.
Sharma added that the company will continue to invest in startups in sectors of storage, security and entertainment. Last week, Micromax picked up stake in Bengaluru-based startup Healthifyme which specialises in offering mobile-focused services to motivate people towards healthy behaviour. The company plans to invest $0.5-$20 million each in about 20 startups. Yuphoria smartphone will be available only on Amazon, registrations begin on Wednesday.
Micromax's Yu files for patents on hardware innovation | ET Telecom
"We're moving to becoming a technology company," Rahul Sharma, co-founder of Micromax said. "We're not only interested in mobile phones. You will see a lot of interesting stuff."
To break into the top five smartphone brands in the country, Yu will have to up the ante as established companies such as Microsoft and local brands, including Intex and Lava, have launched devices in the affordable price segment.
The company's design labs in Bengaluru and Beijing have designed Yuphoria smartphone including the metal frame, which also works as an antenna, used for making and receiving calls and data. Sharma said the company has filed four patents for design and innovation of the antenna solution. "We will be developing more technology indigenously for which we will be filing more patents. A lot of products will be made in India," Sharma said.
He clarified that the company's decision to build its own technology and filing patents was not connected to the ongoing legal dispute with Ericsson on standard essential patents (SEP) used for making mobile phones.
To set itself apart from competition, Yu launched a health monitoring sensor called Health Yu at 4,999. The sensor can latch on to any device and record a person's blood pressure, body temperature, oxygen level, heart rate and ECG (electrocardiogram) in real time. It also launched a wearable device Yu Fit, priced at 999.
Micromax had a 15.3% share of the smartphone market and 12.2% of the overall market in India in the quarter to March, according to Counterpoint Research.
Sharma added that the company will continue to invest in startups in sectors of storage, security and entertainment. Last week, Micromax picked up stake in Bengaluru-based startup Healthifyme which specialises in offering mobile-focused services to motivate people towards healthy behaviour. The company plans to invest $0.5-$20 million each in about 20 startups. Yuphoria smartphone will be available only on Amazon, registrations begin on Wednesday.
Micromax's Yu files for patents on hardware innovation | ET Telecom