The Electronics and Computer Software Export Promotion Council (ESC) has urged Finance Minister Nirmala Sitharaman to introduce a range of tax incentives in the upcoming 2025-26 Budget to boost investments in R&D by the domestic hardware sector, enabling it to compete globally. In their recent exclusive interaction with Sitharaman and other senior officials of the Finance Ministry, the ESC top brass highlighted that several incentives are needed to promote R&D, Innovation, and Disruption in the capital-intensive electronics hardware sector to address the challenges and emerge as a strong global tech player. A well-calibrated incentive system designed to empower industry players could motivate nascent industry units to move in the R&D value chain in cutting-edge technology domains like AI, IoT, telecom, and embedded technologies in sectors like semiconductors, consumer electronics, and defence equipment, ESC submitted. “Significant amount of expenses incurred towards R&D enables the tech-driven companies to compete in the highly complex and cutthroat international market effectively;” said Sandeep Narula, Chairman – Global Outreach, ESC. “Investment in R&D can ensure electronics products to align with the unique needs of India’s diverse population, rapidly growing economy, imperatives for achieving quantum jumps in exports and employment.” ESC said that the current level of R&D in the electronics sector remains relatively modest, with limited investments compared to global leaders. While India’s electronics market is significant, valued at $155 billion in 2022 and expected to grow to $300 billion by 2025- 26, its R&D expenditure in the sector is far behind its competitors. This is even as investment in R&D had continuously increased over the years and more than doubled in the last 10 years. However, the country’s R&D expenditure as a percentage of GDP remained between 0.6 - 0.7 per cent as against China’s 2.4 per cent, US 3.5 per cent and Israel 5.4 per cent. ESC’s wish list for the upcoming Budget includes the demand for an additional 5 percent Income Tax reduction for corporates spending over 3 per cent of their turnover on R&D and filing patents/designs in India. Such a tax break is justified as it aligns with the national goal of fostering innovation, self-reliance, and global competitiveness. “ By introducing tax reduction, India can create a compelling incentive for companies to prioritise R&D, leading to technological advancements, the creation of intellectual property, and a reduction in dependence on imports;” Narula added. ESC noted that similar incentives are given to tech giants in countries like the US, South Korea, Vietnam, Malaysia, and China to foster a culture of R&D and innovation. For the capital-intensive electronics hardware sector which is facing intense competition from global supply chains, comfort should be accorded to stay strong, ESC has said. ESC also pitched for further calibration of the Design Linked Incentive (DLI) Scheme to make it more broad-based and impact-oriented. It suggests extending the scheme’s duration for an additional 10 years, i.e., until January 1, 2035. Given the long gestation period and complexity involved in electronics and semiconductor design, sustained support over the next decade is critical to fostering innovation, building intellectual property, and reducing reliance on imports, ESC said. ESC is of the view that a long-term commitment will provide the necessary stability and confidence for companies to undertake high-risk, high-reward R&D projects. Coupled with this, there should be a provision for the rollover of unutilized funds from the current allocation to subsequent years under the extended scheme. This will ensure optimal utilisation of resources, facilitate continuous support for ongoing projects, and maximize the impact of the scheme without leaving allocated budgets underutilised. Gurmeet Singh, Executive Director, ESC called for additional funding to the tune of $20 billion under the DLI scheme to meet the rising demand for R&D in emerging quantum technologies like AI and internet products. “Happily, we have a large number of small MSMEs gearing up to invest in R&D, innovation, and product innovation, which should be encouraged by helping them to access adequate funds, which will be paid off once they become active players domestically and globally;” he added. ESC also pitched for providing a 10-year Tax Holiday on Sales of Products with Intellectual Property (IP) such as patents and designs, developed through in-house R&D efforts. This would incentivise companies, particularly those not utilising the DLI scheme, to invest in the creation of innovative products and technologies. By providing tax relief on revenues generated from these IP-driven products, the government can encourage the development of proprietary technologies, foster innovation, and reduce the reliance on foreign patents or designs, ESC said. CommentsHOUSTON , Dec. 2, 2024 /PRNewswire/ -- OptiSigns, a leader in digital signage software solutions, is thrilled to announce its participation as a Platinum Sponsor in this year's Digital Signage Experience (DSE) 2024, taking place this December in Las Vegas, Nevada . The highly anticipated event, a premier gathering for digital signage innovators, professionals, and enthusiasts, will provide the perfect stage for OptiSigns to unveil its latest advancements and engage with industry leaders. Visitors of DSE 2024 will have the opportunity to experience firsthand how OptiSigns' powerful and user-friendly platform is transforming how businesses communicate, engage, and inform their audiences. From dynamic content scheduling to seamless integrations and real-time updates, OptiSigns' solutions are designed to meet the needs of businesses across industries, including retail, hospitality, healthcare, and more. "At OptiSigns, we are passionate about empowering businesses with technology that engages audiences and drives results," said Head of Sales John Shelley. "We are excited to connect with industry professionals at DSE 2024, showcase our solutions, and demonstrate how digital signage can transform communication strategies." DSE 2024 will take place from December 9, 2024 , to December 10, 2024 , at the Las Vegas Convention Center in Las Vegas, Nevada , and promises to bring together key players and thought leaders in digital signage, offering a unique platform to explore the latest technologies and network with industry professionals. What to Expect from OptiSigns at DSE 2024: Live Demonstrations: Visitors of DSE can visit OptiSigns booth #3134 to explore the intuitive features of the OptiSigns platform and learn how it can simplify and enhance digital signage management. Using OptiSigns innovative technology like the Pro Player and Android Stick, visitors will be treated to LIVE Demos of unique OptiSigns features like Audience Intelligence, the OptiSync Data Management System, and the Lift and Learn Interactive Kiosk Experience. New Product Announcements: Stop by OptiSigns booth #3134 and be the first to see the newest innovative Pro Max technology designed by OptiSigns and learn more about unique updates that will redefine the digital signage landscape. Our newest Pro Max technology is our most powerful digital signage player that supports 8K or 4x4K video walls. With OptiSigns experts onsite, visitors will have the opportunity to discuss trends, best practices, and strategies for maximizing the impact of digital signage. Exclusive Giveaways and Promotions: Attendees visiting OptiSigns booth #3134 will have access to special offers, giveaways, and prizes. This year, OptiSigns will unleash their interactive Opti Claw Machine, tantalizing visitors with a chance to win OptiSigns Android Sticks, Pro Players, Optibot Keychains, and more. One lucky winner will win a brand new PS5 Pro via a LinkedIn competition, and the winner will be announced LIVE at DSE! For more information on the PS5 giveaway, check out OptiSigns' LinkedIn page. About OptiSigns OptiSigns is a leading digital signage software provider dedicated to helping businesses create engaging, impactful content experiences. Focusing on simplicity, scalability, and innovation, OptiSigns empowers organizations to communicate their message effectively and captivate their audience through digital displays. For more information on OptiSigns, visit www.optisigns.com or follow us on all social media @OptiSignsInc. Media Contact: Aisha Albritton Director of Trade Show Strategy and Event Marketing [email protected] | (404) 641-0613 SOURCE OptiSignsStuck in the muck: Scientists study carbon trapped by Elkhorn Slough
The Denver Broncos outlasted the Cleveland Browns in a high-scoring affair to conclude Week 13. With Bo Nix and Jameis Winston under center, both sides traded blows and picks en route to a 41-32 result for the Broncos on Monday Night Football . The result moved Denver to 8-5 as it continues to poise an intriguing playoff push in the AFC, while the Browns dipped to 3-9 as draft positioning becomes more important at this stage. Let's analyze the game further with winners and losers: WINNER: Bo Nix, Broncos Nix was far from perfect in his Monday night debut, but he continued to propel toward the Offensive Rookie of the Year award. The Oregon product completed 18 of 35 passes against a tricky Cleveland defense for 294 yards, one touchdown and two picks, one of which was tipped. Ninety-three of those yards came on one play, when Nix threw a dot to young wideout Marvin Mims Jr. LOSER: Jameis Winston, Browns It's not surprising that a quarterback who once threw 30 touchdowns and 30 picks in a season continues to oscillate with his form. Winston ended the game with 34 of 58 completions for 497 yards, four touchdowns and three picks, two of which came late and sealed the deal. The first and second were returned for pick-sixes, while the latter ended Cleveland's slim odds of coming back late down by nine points. WINNER: Jerry Jeudy, Browns Jeudy got revenge on an individual level against the team that drafted him. Despite the Browns' loss, Jeudy enjoyed a career and historic night. He caught nine passes on 13 targets for 235 yards and a touchdown that went for 70 yards. His performance marked the most receiving yards recorded by a wideout facing his former team. LOSER: Nick Chubb, Browns Chubb continues to look like a shell of himself after returning from season-ending injuries in 2023. The Browns couldn't generate a consistent running game, as seen by Winston's 58 pass attempts. The 28-year-old Chubb logged just 21 rushing yards on nine carries, with a long of 10. Jerome Ford led the team with 41 on nine carries, with a 21-yarder helping carry the total. WINNER: Pick-sixes As aforementioned, interceptions were common in the Nix-Winston battle. While the Browns couldn't return any of Nix's two picks deep, the Broncos enjoyed punishing Winston's miscues. Nik Bonitto took one 71 yards to the house just before halftime, while Ja'Quan McMillian went 44 yards to the end zone to prevent Cleveland from retaking a late lead. Cody Barton then sealed the game by picking off Winston deeper in Broncos territory. He could've gone down faster for the offense to kneel out the game, but returned it for 56 yards as he looked to join in on the fun. Denver will seek its ninth win after its Week 14 bye when it hosts the Indianapolis Colts in Week 15.
HOUSTON , Dec. 2, 2024 /PRNewswire/ -- OptiSigns, a leader in digital signage software solutions, is thrilled to announce its participation as a Platinum Sponsor in this year's Digital Signage Experience (DSE) 2024, taking place this December in Las Vegas, Nevada . The highly anticipated event, a premier gathering for digital signage innovators, professionals, and enthusiasts, will provide the perfect stage for OptiSigns to unveil its latest advancements and engage with industry leaders. Visitors of DSE 2024 will have the opportunity to experience firsthand how OptiSigns' powerful and user-friendly platform is transforming how businesses communicate, engage, and inform their audiences. From dynamic content scheduling to seamless integrations and real-time updates, OptiSigns' solutions are designed to meet the needs of businesses across industries, including retail, hospitality, healthcare, and more. "At OptiSigns, we are passionate about empowering businesses with technology that engages audiences and drives results," said Head of Sales John Shelley. "We are excited to connect with industry professionals at DSE 2024, showcase our solutions, and demonstrate how digital signage can transform communication strategies." DSE 2024 will take place from December 9, 2024 , to December 10, 2024 , at the Las Vegas Convention Center in Las Vegas, Nevada , and promises to bring together key players and thought leaders in digital signage, offering a unique platform to explore the latest technologies and network with industry professionals. What to Expect from OptiSigns at DSE 2024: Live Demonstrations: Visitors of DSE can visit OptiSigns booth #3134 to explore the intuitive features of the OptiSigns platform and learn how it can simplify and enhance digital signage management. Using OptiSigns innovative technology like the Pro Player and Android Stick, visitors will be treated to LIVE Demos of unique OptiSigns features like Audience Intelligence, the OptiSync Data Management System, and the Lift and Learn Interactive Kiosk Experience. New Product Announcements: Stop by OptiSigns booth #3134 and be the first to see the newest innovative Pro Max technology designed by OptiSigns and learn more about unique updates that will redefine the digital signage landscape. Our newest Pro Max technology is our most powerful digital signage player that supports 8K or 4x4K video walls. With OptiSigns experts onsite, visitors will have the opportunity to discuss trends, best practices, and strategies for maximizing the impact of digital signage. Exclusive Giveaways and Promotions: Attendees visiting OptiSigns booth #3134 will have access to special offers, giveaways, and prizes. This year, OptiSigns will unleash their interactive Opti Claw Machine, tantalizing visitors with a chance to win OptiSigns Android Sticks, Pro Players, Optibot Keychains, and more. One lucky winner will win a brand new PS5 Pro via a LinkedIn competition, and the winner will be announced LIVE at DSE! For more information on the PS5 giveaway, check out OptiSigns' LinkedIn page. About OptiSigns OptiSigns is a leading digital signage software provider dedicated to helping businesses create engaging, impactful content experiences. Focusing on simplicity, scalability, and innovation, OptiSigns empowers organizations to communicate their message effectively and captivate their audience through digital displays. For more information on OptiSigns, visit www.optisigns.com or follow us on all social media @OptiSignsInc. Media Contact: Aisha Albritton Director of Trade Show Strategy and Event Marketing Aisha.Albritton@OptiSigns.com | (404) 641-0613 View original content to download multimedia: https://www.prnewswire.com/news-releases/optisigns-to-showcase-cutting-edge-digital-signage-solutions-at-the-digital-signage-experience-2024-in-las-vegas-302320107.html SOURCE OptiSigns