Page 13 - Banking Finance June 2025

ROUNDUP

ment sector, with Rs. 4,000 crore in
investment resulting in Rs. 80,000 Repairability Index to Guide Smartphone, Tablet
crore in sales, Rs. 16,000 crore in ex- Purchases
ports, and 25,000 new jobs.
Smartphones and tablets will be the first consumer electronics to be included
Scindia further emphasized India's under India's proposed 'Repairability Index' regime. A government-appointed
rapid technological growth in telecom, committee has recommended that manufacturers self-declare product re-
stating, "India has not only caught up pairability based on six key parameters: disassembly, repair information,
with the world in areas like 4G and 5G, spare part availability, software updates, tools, and fasteners.
but is now leading the charge." The The aim is to help consumers make informed purchasing decisions amid ris-
minister underlined that India's eco- ing repair-related complaints. The National Consumer Helpline reported
nomic attractiveness, alongside re- 22,864 repair complaints in 2024-25, up from 19,057 two years ago. The
forms and innovation, has solidified its index is expected to be displayed at retail points, on e-commerce platforms,
place in the global manufacturing and and via QR codes on packaging.
digital landscape.
The Department of Consumer Affairs noted that scoring criteria and
weightages have been developed, producing a five-point scale. Priority parts
Chhattisgarh Lays Founda- prone to failure were also identified. The department will now draft guide-
tion for India's First AI- lines and seek feedback from stakeholders before finalising the framework.
This initiative aligns with global sustainability efforts by promoting trans-
Based Data Centre Park parency and encouraging longer device lifespans.
Chhattisgarh Chief Minister Vishnu Deo
Sai has laid the foundation for India's
first Artificial Intelligence (AI)-based Over 80% of Indian Em- The findings underscore the need for
data centre park in Nava Raipur's Sec- Indian companies to invest more in
tor-22. Operated by RackBank ployees Eye Job Change in employee-centric initiatives to retain
Datacenters Private Limited, the 2025: Aon Survey talent. Firms that excel in offering
project will span 5.5 hectares, including Aon's 2025 Employee Sentiment Study comprehensive wellness and benefit
a 2.7-hectare Special Economic Zone. revealed that over 80% of employees packages will be better positioned to
It is expected to generate 500 direct in India are either actively switching emerge as top employers in the com-
and 1,500 indirect jobs, with priority jobs or plan to do so in the next 12 ing decade.
for local employment. The first phase months, significantly higher than the
will begin with a 5 MW capacity, with global average of 60%. The survey, India’s Engineering Exports
scalability up to 150 MW. An invest- which covered more than 9,000 em-
ment of approximately Rs. 2,000 crore ployees across 23 countries including Show Positive Growth in
is projected. The park will offer AI- the US, UK, China, and Australia, high- April 2025
driven services in healthtech, defence, lighted that 7% of Indian respondents India’s engineering exports recorded a
fintech, and data analytics. Equipped feel undervalued, compared to 13% positive start to the new fiscal year,
with high-end GPU-based computing globally.
with a 3.04% year-on-year growth in
infrastructure, it will support AI pro- Nitin Sethi, Head of Talent Solutions at April 2025, reaching USD 9.98 billion
cessing, live data streaming, and glo- Aon India, remarked, "Post-Covid, compared to USD 9.69 billion in April
bal-standard digital services. employees increasingly value benefits, 2024, according to EEPC India. The
CM Sai stated, "This is not only a data wellness, and healthcare programmes, modest yet promising rise is attributed
centre. It is the digital backbone for a which are now shaping employer to strong demand from key markets
new era of growth and empower- branding and value propositions." He like the USA, Saudi Arabia, Singapore,
ment." Officials noted that the centre added that technological advances and and Turkey.
will also support weather forecasting multigenerational workforce dynamics
and education for tribal communities. are accelerating this trend. Notably, 33 out of 38 engineering ex-

12 | 2025 | JUNE | BANKING FINANCE