Qualcomm To Invest $150M In Startups In India

“Since Qualcomm’s first India investment in 2007 and with full-fledged presence starting in early 2008, we continue to invest broadly to strengthen India’s overall economy“, said Nagraj Kashyap, senior vice president of Qualcomm Inc. We all know that the dynamic Asia-Pacific Region will shape the course of this century. We need to accelerate this further. Indeed, U.S.-India defense cooperation has accelerated in the past three years, all with a wary eye toward Beijing. The 22 Apache attack choppers and 15 Chinook cargo choppers comprised the biggest defence contract since Modi came to power. “Here is the place (India)”.

The ad flinger now reckons its plan to connect 10 million train users a day will rank as the largest public Wi-Fi project in India.

This decision was taken as an intention to partner with the Indian Prime Minister in the desiring Digital India Programme. In a good year, India pulls in about billion in foreign investment – less than half of China’s tally and trained largely on its services sector. Officials in New Delhi still remember how the USA imposed sanctions after India’s nuclear tests in the 1990s. After meeting PM Narendra Modi at Silicon Valley, Qualcomm executive chairman Paul E Jacobs made the announcement. It is to be held on the sidelines of the UN General Assembly later this week. The statement did not name the African countries involved, but Kerry later said that there are potentially six. “We see a lot of potential”, he added.

When each of the five hundred odd towns produces ten Startups and each of our six hundred thousand villages produce six small businesses, on a regular basis, we will create an enormous economic momentum and generate a huge number of jobs in our country. We are reforming our regulations and processes, and making it easier to start and do business in India. The venture fund was in support of Indian Government’s Digital India and Make in India initiatives. This will facilitate Indian citizens to get affordable services and products.

At a recent discussion at the Peterson Institute for worldwide Economics, Arun Singh, India’s ambassador to the United States, didn’t hesitate to hammer home that point. The agreement is part of the “Make in India” program.

India has always been the leader in trying to drive the price performance of cellular connections from the very early days – from the voice systems and now in the mobile broadband. We have plans to take technology to 500,000 villages in India.

Almost 40 startups from India and tech luminaries like LinkedIn’s cofounder Reid Hoffman attended the Startup Konnect event organized by India’s IT lobby Nasscom and TiE in San Jose. There have been two recurring themes in these warnings.

Nadella also said that Microsoft will begin offering cloud services running on servers in its own domestic data centers in India.

“The Prime Minister had also discussed “Apple Pay” with Tim Cook so that ways could be explored in using it for Jan Dhan Yojna, he told the media here”.