Chennai-based tech solutions company, Zoho Corp. announced a 31% growth in customers in India and their plans to venture into semiconductor manufacturing at Zoholics India. They also launched Vikra, a seller app on the Open Network for Digital Commerce (ONDC), to empower MSMEs in India and introduced Zoho IoT, a low-code platform for IoT solutions. Zoho's CEO, Sridhar Vembu, emphasized their commitment to innovation and enhancing India's technological self-sufficiency through these initiatives.
Zoho Corporation Drives Innovation in India with IoT, ONDC, and Semiconductor Manufacturing
Zoho Corporation, a global software solutions provider headquartered in Chennai, India, has emerged as a major driver of technological innovation in the country. The company recently announced a series of initiatives aimed at enhancing India's digital capabilities and empowering businesses.
Growth in India and Expansion Plans
Zoho reported a significant 31% growth in customers in India, reflecting the company's strong presence in the country. To cater to the growing demand, Zoho plans to venture into semiconductor manufacturing in India, a significant move that will boost local production of essential components for electronic devices.
Zoho IoT: Unlocking the Power of IoT
Zoho IoT, a low-code platform for Internet of Things (IoT) solutions, was launched to simplify the development and deployment of IoT applications. This platform empowers businesses to connect devices, collect data, and gain valuable insights to improve operations and enhance customer experiences.
Vikra: Empowering MSMEs with ONDC
Zoho launched Vikra, a seller app on the Open Network for Digital Commerce (ONDC), a government-backed initiative to create an open and interoperable e-commerce ecosystem in India. Vikra enables micro, small, and medium enterprises (MSMEs) to easily sell online and access a wider customer base.
Emphasis on Innovation and Self-Sufficiency
Zoho CEO Sridhar Vembu emphasized the company's unwavering commitment to innovation and enhancing India's technological self-sufficiency. He stated, "We believe that these initiatives will significantly contribute to India's progress as a global leader in technology."
Top 5 FAQs and Answers
1. What is Zoho IoT? A: Zoho IoT is a low-code platform that simplifies the development and deployment of IoT applications, empowering businesses to connect devices, collect data, and gain valuable insights.
2. What is ONDC and how does Vikra relate to it? A: ONDC is an open and interoperable e-commerce ecosystem in India. Vikra is a seller app on ONDC that enables MSMEs to sell online and access a wider customer base.
3. What are Zoho's plans for semiconductor manufacturing in India? A: Zoho plans to establish a semiconductor manufacturing facility in India to enhance local production of essential components for electronic devices.
4. What is the significance of Zoho's growth in India? A: Zoho's growth in India underscores the company's strong presence in the country and its commitment to empowering Indian businesses.
5. How does Zoho contribute to India's technological self-sufficiency? A: Zoho's initiatives, such as Zoho IoT, ONDC, and semiconductor manufacturing, aim to enhance India's digital capabilities and reduce reliance on foreign providers.
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