MAIT Rejects Claims Of Mandatory Source Code Sharing, Backs MeitY's Framework

1 min read     Updated on 14 Jan 2026, 05:49 PM
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Suketu GScanX News Team
Overview

MAIT has dismissed reports claiming mandatory source code sharing requirements for smartphone manufacturers, stating such claims are incorrect and misleading. The industry body clarified that MeitY's June 18, 2025 memorandum provides clear guidance without mandating compulsory source code disclosure, superseding earlier drafts and discussions. MAIT supports the amended ITSAR framework, emphasizing it balances national security needs with intellectual property protection concerns raised by global electronics manufacturers in India.

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*this image is generated using AI for illustrative purposes only.

Industry body MAIT has categorically rejected reports suggesting that smartphone and electronics manufacturers would be forced to share proprietary source code with Indian authorities, calling such claims "incorrect and misleading". The clarification comes amid heightened scrutiny of India's cybersecurity regulations following international reports about potential mandatory source code disclosure requirements.

MeitY's Clear Guidance Framework

In an official statement, the industry association emphasized that the Ministry of Electronics and Information Technology (MeitY) has not mandated compulsory source code disclosure. MAIT highlighted that the Office Memorandum issued on June 18, 2025, provides definitive guidance that supersedes all earlier drafts, interpretations, and informal discussions on the cybersecurity testing issue.

Key Framework Details: Specifications
Memorandum Date: June 18, 2025
Regulatory Status: Supersedes earlier drafts
Industry Alignment: Global practices compliant
IP Protection: Intellectual property rights preserved

Industry Association's Position

MAIT clarified that internal documents referenced in recent media reports were intended solely for member-level deliberations and should not be interpreted as advocacy for mandatory source code sharing or regulatory enforcement. The association stressed that these documents do not represent official policy positions or regulatory requirements.

The industry body expressed confidence that MeitY's guidance addresses cybersecurity testing concerns without compromising intellectual property rights, aligning with established global industry practices.

Support for ITSAR Amendments

Backing MeitY's amendments to the Indian Telecommunication Security Assurance Requirements (ITSAR), MAIT stated that the revised framework successfully strikes a balance between national security assurance and protection of proprietary technologies. This balance addresses concerns that have been repeatedly raised by global electronics manufacturers operating in the Indian market.

ITSAR Framework Benefits: Details
Security Assurance: National security requirements met
Technology Protection: Proprietary technologies safeguarded
Industry Concerns: Global manufacturer concerns addressed
Regulatory Clarity: Clear guidelines provided

The association's endorsement of the amended framework reflects industry confidence in the government's approach to cybersecurity regulation while maintaining competitive business environments for international technology companies.

Maple Infrastructure Trust Announces Major Shareholding Changes in Investment and Project Managers

2 min read     Updated on 26 Dec 2025, 12:32 PM
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Reviewed by
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Overview

Maple Infrastructure Trust announced major shareholding changes involving MAIF4's acquisition of 42.50% stake in Investment Manager for ₹160 crores and 40% stake in Project Manager for ₹18 crores. The transactions, executed on December 24, 2025, are subject to regulatory approvals from CCI, NHAI, and SEBI. Additionally, CDPQ may sell up to 37.5% of Trust units to MAIF4, representing significant restructuring of management entities.

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*this image is generated using AI for illustrative purposes only.

Maple Infrastructure Trust has announced major shareholding changes in its Investment Manager and Project Manager entities through comprehensive share purchase agreements that will significantly alter the ownership structure of these key management companies.

Investment Manager Stake Acquisition

MAIF4 Investments India 2 Pte. Ltd. (MAIF4), an investment vehicle of Macquarie Asia-Pacific Infrastructure Fund 4 managed by Macquarie Asset Management, has entered into a share purchase agreement to acquire a substantial stake in Maple Infra InvIT Investment Manager Private Limited. The transaction details are outlined below:

Parameter: Details
Shares to be Acquired: 63,504,799 equity shares
Percentage Stake: 42.50% of equity share capital
Consideration Amount: ₹160.00 crores
Transaction Date: December 24, 2025
Impact: Investment Manager will cease to be subsidiary of Maple Highways

Following completion of this transaction, the ownership structure of the Investment Manager will be redistributed among three key stakeholders. Maple Highways and its affiliate are expected to retain a 42.50% equity stake, matching MAIF4's holding, while 360One Alternates Asset Management Limited will continue to hold its existing 15.00% equity stake.

Project Manager Ownership Restructuring

A parallel transaction involves the acquisition of shares in Maple Highway Project Management Private Limited. MAIF4 has executed a separate share purchase agreement with Maple Highways for this entity as well.

Parameter: Details
Shares to be Acquired: 78,000 equity shares
Percentage Stake: 40.00% of equity share capital
Consideration Amount: ₹18.00 crores
Transaction Date: December 24, 2025
Impact: Project Manager will cease to be subsidiary of Maple Highways

Upon completion, the Project Manager's ownership will be distributed with Maple Highways and its affiliate holding 40.00%, MAIF4 holding 40.00%, and the Investment Manager continuing to hold 20.00% equity stake.

Regulatory Approvals and Conditions

Both transactions are subject to comprehensive regulatory and third-party approvals before completion. The required approvals include:

  • Competition Commission of India (CCI) clearance
  • National Highways Authority of India (NHAI) approval
  • Securities and Exchange Board of India (SEBI) consent
  • Unitholders of Trust approval
  • Change in control approvals for the Investment Manager

Additional Strategic Considerations

CDPQ Infrastructures Asia III Inc., identified as a Sponsor Group of the Trust, has indicated potential plans for further strategic realignment. The entity may consider selling up to 177,289,950 units, representing up to 37.50% of the total unit holding of the Trust to MAIF4, subject to the execution of a binding agreement between the parties.

These comprehensive arrangements represent a significant restructuring of the Trust's management entities and potentially its unit holding pattern, marking a substantial involvement of Macquarie's infrastructure investment platform in the Trust's operations and governance structure.

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