Tag: Dr. D K Aggarwal

digital health care
Business World

MeitY launched Digital Health ID in 6 Union Territories, soon be PAN India for digitalization of the Health Sector in India

Sep 21, 2020 by Gouri Achary 0 Comments #Digital Health ID, #Dr. D K Aggarwal, #Dr. Rajendra Kumar, #E-Conclave, #MeitY, #PHD Chamber of Commerce and Industry

Dr. Rajendra Kumar (IAS), Additional Secretary, Ministry of Electronics, and IT (MeitY), mentioned that the IT industry has given hope to Indian youth and accelerated the growth in entrepreneurship since the ’80sin the E-Conclave organized by PHD Chamber of Commerce and Industry on “MY INDIA MYSTARTUPS: 100 UNICORNS BY 2025”. He mentioned that MeitY Startups Hub (MSH) is providing incentive programs to the Startups, through Technology Incubation and Development of Entrepreneurs(TIDE) Schemes delivers incubation support to entrepreneurs. He mentioned that in the Center of Excellence (CoE) of STPI, MietY is connecting with the industries. He mentioned that the Ministry of Electronics and IT (MeitY) has launched Digital Health ID in 6 Union Territories, which will be there in PAN India soon for the digitalization of health sectors in India.

Dr. D K Aggarwal, President, PHD Chamber of Commerce and Industry in his presidential address mentioned that Startups India and Standup India are the dreams of our Hon’ble Prime Minister. He said that the Indian Startups system has the potential to make India a super-powered economy. In the year 2016, India had only 10 Unicorns that are now 35 in the span of 4 years only with an approx. value of more $100 Billion. Out of which 21 Unicorns are tech Startups costing approx. about $73 Billion. Currently, India stands 3rd in creating Unicorns after the US and China

Mr. Deepak Bagla, MD & CEO, Invest India deliberated that 1/3rd of Startups in India conducts business in e-Commerce and, 66% of Startups are from the engineering background. Today the combined value of Indian Unicorns is $73 Billion, where the top 10 Unicorns make 70 to 80% of the total volume. He mentioned that Bangalore is today’s Unicorn Capital City, where the average conceiving age of any Unicorn is 7 years.

In 2012 there was only one Unicorn and, today we have 34 Unicorns in India, mentioned Mr. Subodh Sachan, Director, Software Technology Parks of India (STPI), Ministry of Electronics and IT (MeitY), Govt. of India. Mr. Sachan highlighted that currently, India is having $191 Billions of IT Industry in which 447000 Crores are coming from the STPI registered companies only. He mentioned that more than 2000 IT companies participated in a challenge to create a Video Conference Solution. In Aatma Nirbhar App Innovation Challenge more than 7000 applications were received.

Mr. Vikrant Rajvanshi, AGM, SIDBI discussed that SIDBI is funding Startups directly through Fund of Funds Operations but as mandated by GoI, the funds have to go through the SEBI registered financial institutions or through AIFs since they do have the excellent resources and ground-level experiences to identify the potential Startups. He mentioned that SIDBI is supporting Startups and MSMEs through various schemes such as Funds of Funds Operations; MSME Risk Capital Fund (RCF); India Aspiration Fund; Funds of Fund for Startups (FFS); ASPIRE Fund+; UP Startups Funds. Schemes such as Startups Assistant Schemes where SIDBI provides complete 3 Years interest-free support.

Mr. Ashok Kajaria, Chairman & Managing Director, Kajaria Ceramics Ltd Former President, PHD Chamber deliberated that every startup must understand the importance of Finance Management and, they should focus on it right from the beginning. He mentioned that the team members are the most valuable asset to any Startups or the industry. He also urged every Startup, related to ceramics, sanitary, etc. to access mentors and incubators from Kajaria Ceramics.

Mr. Anil Khaitan, CMD, Sunil Healthcare Ltd, and Former President, PHD Chamber mentioned that Govt. of India is solidly behind the Startups and is determined to support the Startups ecosystem in India. He mentioned that Parliamentary Standing Committee Finance has recommended Long Term Capital Gain Tax Exemption for all the investments made on Startups with a minimum tenure of 2 years and, the Security Transaction Tax (STT) can be applied to collective investment vehicles after the two years to maintain revenue neutrality.

Mr. Sanjay Aggarwal, Sr. Vice President, PHD Chamber of Commerce and Industry mentioned that the Indian government is very much excited to support Startups in terms of policy amendments, tax rebates, capital support, and many more supports laid by both central and state government. The governments are providing opportunities to the domestic investors and the Startups to step forward.

Prof. Harvinder Popli, Director, DPSRU Innovation, and Incubation Foundation discussed that industry-academia collaboration is the need of the hour.

Mr. Suresh Devnani, Chief Business Officer, Samunnati stated that there is a huge scope of innovation in sectors like agriculture, insurance, transportation, supply chain management. He highlighted that agriculture is as potential as the healthcare or pharma sectors with India having 474+Agri-tech Startups and, the number can be increased while encouraging investors and Startups in the Agri sector.

Mr. Ashish Jain, Chief Mentor &CEO, JSS Business Incubator, NOIDA discussed that through Accelerator Model, a Startups can achieve its target in a short time. Acceleration Models include; Visibility, Technology, Mentoring, and Physical space. But Pandemic has shown vulnerability in Acceleration Model. Hence, the best alternative option to it is Co-Creation Model that required long term participation with Startups to face challenges and issues as a team.

Mr. Gaurav Gupta, Co-Founder & COO, Zomato mentioned that the food ecosystem is the fastest-growing ecosystem in India. He mentioned that Food Delivering Services has a phenomenal journey over the last 5 years. Before Pandemic, the average online monthly orders were about $100 Million, which indicates potential scope in food delivery services. He emphasized that ‘Right People Working on the Right Direction, Can Make the Difference’.

Mr. Bharat Singh Mehta, Co-Chairman, Startups Forum, PHD Chamber mentioned that the role of Startups in expediting the growth of a country cannot be overemphasized. He highlighted that as Startups become more and more effective, the job seekers will become job creators.

The session was moderated by Dr. Jatinder Singh, Director, PHD Chamber, and was attended Mr. Saurabh Sanyal, Secretary-General, PHD Chamber along with more than 200 key stakeholders Pan India. The session was supported by Samunnati Financial Intermediation & Services Private Limited.

OTT Webinar Picture
Business World

Control on OTT content is Must – PHD Chamber

Sep 12, 2020 by Gouri Achary 0 Comments #Dr. D K Aggarwal, #Mukesh Gupta, #OTT (Over the Top) platforms, #Zubin Dubash

OTT (Over the Top) platforms is the future of Media & Entertainment Industry, with its diverse content and growing audience. It will be the new normal in Entertainment Industry, said Vikram Sahay, Joint Secretary (P&A), Ministry of Information and Broadcasting, Government of India, in a webinar organized by PHD Chamber of Commerce and Industry on ‘OTT Platform- The New Normal for Indian Media and Entertainment Industry’.

Sahay appreciated the Knowledge Report submitted by the Media Team of PHD Chamber on’ Outlook of Media and Entertainment Industry in the COVID Scenario’ to the Minister Prakash Javadekar.

He mentioned that OTT has given an opportunity to young Indian talent to produce good series to export abroad so that India can be one of the entertainment leaders in the world.

Dr. D K Aggarwal, President, PHDCCI deliberated about the daunting impact of the pandemic, especially in the M&E industry. He mentioned the pivotal role of OTT platforms in this new normal that has paved a new pathway in industry.

Mukesh Gupta, Chairman, M&E Committee, PHDCCI, while giving an industry perspective towards OTT platforms, discussed the disruption of healthy and meaningful content??????? in some OTT platforms which are giving away messages related to violence, crime, and other inappropriate content leading to negativity in the minds of a young audience.

Gupta suggested the need for the intervention of the government, through stringent regulations like the formation of censorship board to minimize the usage of inappropriate content by the industry players to save the Indian Culture and social values.

As a business model, OTT has given an opportunity to young minds and producers to showcase their talent and creativity in a different way and reach out to a bigger set of masses. In fact, television channels should also divert towards OTT as it’s economical, profitable and flexible with an enormous reach, said Mukesh Gupta.

He said that with its rising popularity and a better reach, an OTT platform needs to be a mix of ethnicity, spirituality, entertainment and at the same time ensure dissemination of knowledge and information leading to enhancement of social well-being.

Explain the OTT platform concept in detail Gupta also suggested that the government should start their own OTT platforms, just like Doordarshan, that will encourage programs like Vocal4Local, Make in India, AatmNirbhar Bharat, Achievements of PSUs and also showcase the developments of the nation, keeping the citizens well informed.

Zubin Dubash, COO – Digital, Shemaroo mentioned that due to lockdown and shut down of theatres, the target audience was looking for interesting content and this derived demand was fulfilled with the OTT platform that delivered all genre content at the same time with an affordable rate and flexible watching. He said the need for self-regulation while balancing the creative liability at the same time providing information to the audience of what they will be watching. While the OTT platforms are giving a new turn in M&E, it also needs to look at creating value in its customers.

Ashi Dua, Founder, Flying Unicorn Entertainment said that OTT is here to stay and, it has given content wings to fly making it reach a wider audience. She highlighted that OTT is a gold mine for writers and, it’s giving a golden opportunity to showcase their creativity and imagination with an increasing demand for varied genres of content.

Sushil Chaudhary, Founder & CEO, Picture Time, discussed the regulatory aspect of the OTT platform and the need for a moral code of conduct at the level of creators, producers, and filmmakers. He shared that a lot of OTT players have signed the code of conduct for self-regulation related to the content shown on their platforms. Chaudhary mentioned that in this digitalized world, Telecom Service Providers (TSPs) would take over consolidated with the OTT world. The cinematic theatre experience will remain but, it has to tweak itself depending on the viewers’ preferences and to be more effective for the target audience.

Shagun Singhal Garg, Educationist discussed the advantages of OTT and behavioural changes and habit formation towards entertainment post-COVID-19.

Saurabh Sanyal, Secretary-General, PHDCCI, said due to the popularity of OTT, many people disconnected their Cable and DTH connections.

The webinar was moderated by Dr. Yogesh Srivastav, Principal Director, PHD Chamber of Commerce and Industry and was supported by Picture Time. The webinar received extensive participation of many industry stalwarts pan-India.

The webinar was attended by a lot of entertainment industry stalwarts