It is now billion dollar revenue industry
GN Bureau | September 24, 2015
India's market for smart cards is in the range of $1 billion in revenues, a rise of 42 percent from 2011. This is one good reason to look at the products being displayed at ssmartcards Expo in New Delhi.
SmartCards Expo 2015, the 17th edition is being organized along with e-Security Expo 2015, RFidIndia Expo 2015, BiometricsIndia Expo 2015, e-PaymentsIndia Expo 2015 and India Mobile Forum 2015 at Hall-12-A, Pragati Maidan, New Delhi, on September 22, 23, 24.
About 125 companies from 25 countries are participating in SmartCards Expo 2015 and its co-located events. As in the past, this year also Business France India, Consulate General of France in Mumbai, is organising a French pavillion. The smart card exhibition is topmost in Asia and no. 2 in the world.
India has seen a promising growth in all these technologies applications during the past few years. Smart card applications, in conjunction with mobile communications, biometrics, RFID and Payments technologies, are being implemented by the central and state governments for several socio-economic projects worth trillion of rupees, for diversified socio-economic segments.
According to Research and Markets, RFID market in India will grow at the CAGR of around 25% during 2013-2018. In its report, "India RFID Market Forecast & Opportunities, 2018" it says, in India, the usage of RFID technology is increasing prominently across various industries such as retail, healthcare, automotive, supply chain and public Transit which is opening up opportunities for the industry players.
Mahindra and Mahindra is one of the first few companies to implement the usage of RFID in India. They are using RFID for warehousing, vendor tracking, and vehicle tracking. RFID technology has also forayed in the India dairy sector. Chitale, one of the prominent dairy producers in Pune has deployed the RFID chips in cattle management for the collection of feeding data, breeding data and also to keep a record of the animals.
Union home ministry has decided to use RFID technology for recruiting thousands of men and women in the ranks of constables, sub-inspectors and inspectors in the five large central armed police forces - CRPF, BSF, CISF, ITBP and SSB in the coming years. The ministry of transport and highways is already using RFID technology for tolling and ticketing.
Fire on the Ganges: Life among the Dead in Banaras By Radhika Iyengar 4th Estate / HarperCollins, 348 pages, 599
Calling for reforms in the Engineering Department of BMC, Mumbai Vikas Samiti, a not-for-profit organisation has said that less than optimum performance of Engineering Function has added to the woes of citizens and deterioration in the quality of life in the metro. In its recently released r
Hailing the Maharashtra government for introducing a bill to amend the Insecticide Act, 1968, Pesticide Action Network (PAN) India has called the amendments ‘very focussed’ and urged the state to expand their scope to address other challenges. The bill, introduced in the a
`Garba of Gujarat` has been inscribed in the Representative List of Intangible Cultural Heritage (ICH) of Humanity by UNESCO, under the provisions of the 2003 Convention for the Safeguarding of Intangible Cultural Heritage during the 18th meeting of the Intergovernmental Committee for the Safeguarding of t
Since its inception, Citizen Financial Cyber Fraud Reporting and Management System has witnessed more than 12.77 lakh complaints registered (till November 15, 2023), and has saved more than Rs. 930 crore in more than 3.80 lakh complaints. This was stated by minister of state for home affair
Impacts and implications of Climate Change Vulnerability in the Himalayan Region and ways of creating ‘Climate Resilient Development in Indian Himalayan Region by making mountain communities green and resilient were discussed the side event hosted at the India pavilion at the UN Climate Conference CO