‘Chip making $85-$100 bn opportunity for India’
2 years, 8 months ago

‘Chip making $85-$100 bn opportunity for India’

Live Mint  

The IESA in its Global Semiconductor Manufacturing Supply Chain Report said India could account for $85-$100 billion out of a $550-$600 billion annual global market opportunity by 2030. In a second report, titled India Semiconductor Market Report 2019-2026, it forecast that the Indian semiconductor market could grow to $64.05 billion by 2026, and the market was valued at $27.15 billion in 2021. According to the IESA’s chairman Rajeev Khushu, semiconductor manufacturing in India will include both assembly, test, marking, and packaging plants and fabs. The India Semiconductor Market report segmented the global chip market into three parts—manufacturing of semiconductor equipment used in fabs, foundries, and TMPs, materials such as chemicals, minerals, and gases used in manufacturing, and services across the chip making value chain.

India Semiconductor Global Market  opportunity  fabs  billion  used  report  bn  india  global  market  making  manufacturing  85100  semiconductor  chip

History of this topic

AET Displays to set up manufacturing unit in India; Middle East & US eyed to boost exports, says CEO
2 weeks, 5 days ago

AET Displays to set up manufacturing unit in India; Middle East & US eyed to boost exports, says CEO

Live Mint  

Malaysia-based AET Displays, a manufacturer of LED displays, has completed 50 per cent of its investment target in the Indian LED screen market and plans to invest additional funds of over ₹150 crore, Su Piow Ko, the company's CEO, told Mint in an exclusive interview. A: Over the next two to three years, we expect to create around 250-300 jobs, …

India unveils $5 billion plan to strengthen domestic electronics component production
1 month ago

India unveils $5 billion plan to strengthen domestic electronics component production

Live Mint  

India is set to roll out incentives worth up to $5 billion to local electronics firms to manufacture components for devices ranging from smartphones to laptops, according to government officials. However, the industry remains heavily dependent on imported components, particularly from China and Hong Kong, which account for over half of India's $89.8 billion electronics imports in the fiscal year …

India must cash in on chip war
1 month, 1 week ago

India must cash in on chip war

Hindustan Times  

The US government’s latest directive to TSMC, halting shipments of advanced semiconductors to China, marks a significant escalation in the global chip wars. The US has tightened its grip on advanced chip sales to China, from restricting Nvidia and AMD’s AI chip sales in 2022 to planning additional controls on about 120 Chinese tech firms. The Biden administration’s sustained pressure …

Tata Electronics plans to build two more chip fabs in Dholera
3 months, 1 week ago

Tata Electronics plans to build two more chip fabs in Dholera

Live Mint  

Tata Electronics intends to set up two more semiconductor fabs in Dholera, Gujarat as part of its long-term plan to build chips locally and cater to global demand, according to two people directly aware of the company’s strategy. “The nodes and technology will be decided once the first fab is at full capacity and will depend on the global demand …

Mint Quick Edit | India’s fab dream: There’s hard work to do
3 months, 1 week ago

Mint Quick Edit | India’s fab dream: There’s hard work to do

Live Mint  

Prime Minister Narendra Modi said on Wednesday that it is his dream to see an India-made chip in every global device. He also sought to attract global players by highlighting India’s stable business environment and chip investments already secured to fast-track the sector’s growth. While local chip rhetoric has been high ever since “computer chips, not potato chips" became a …

India best positioned to host entire semiconductor ecosystem: PM Modi at SEMICON
3 months, 1 week ago

India best positioned to host entire semiconductor ecosystem: PM Modi at SEMICON

Hindustan Times  

Prime Minister Narendra Modi on Wednesday said that India’s semiconductor ecosystem is a solution not just for the country’s challenges but also for global challenges. Speaking at the inauguration of the SEMICON India conference in Greater Noida, PM Modi said India’s reform focussed government, its growing manufacturing base, and its aspirational market that is aware of technological trends are the …

India's first indigenously developed semiconductor chip will be made in Gujarat: CM Patel
4 months, 1 week ago

India's first indigenously developed semiconductor chip will be made in Gujarat: CM Patel

Deccan Chronicle  

Nadiad : Gujarat Chief Minister Bhupendra Patel on Thursday said India's first indigenously developed semiconductor chip will be manufactured in the state, which has so far attracted an investment of Rs 1 lakh crore in electronics and chip manufacturing sectors. "We have so far attracted an investment of Rs 1 lakh crore in the electronics and semiconductor sector and India's …

Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30
5 months ago

Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30

Deccan Chronicle  

Chennai: India can increase its electronics production five-fold to touch $500 billion by FY30, with $200 -$225 billion worth exports of both finished goods and components by becoming an integral part of the global value chain through focused policy interventions, finds Niti Aayog. However, the electronics sector has a very high participation in the global value chain with 75 per …

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions
6 months, 1 week ago

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions

Hindustan Times  

Escalating tensions with China are said to have cost Indian electronics manufacturers $15 billion in production losses as well as 100,000 jobs in the past four years, the Economic Times reported. In submissions to various ministries, the electronics manufacturing industry said India has also lost out on a $10 billion export opportunity besides $2 billion in value addition loss, according …

India will emerge as one of biggest chip hubs in next 5 years: Ashwini Vaishnav
8 months ago

India will emerge as one of biggest chip hubs in next 5 years: Ashwini Vaishnav

India TV News  

Union Railways and IT Minister Ashwini Vaishnaw has recently said the country will become one of the biggest semiconductor hubs in the world in the next five years. The chip fabrication facility at the Dholera Special Investment Region in Gujarat is being set up by Tata Electronics Private Limited with a total investment of more than Rs 91,000 crore. The …

How China Could Swamp India’s Chip Ambitions
9 months, 1 week ago

How China Could Swamp India’s Chip Ambitions

Live Mint  

When India’s largest conglomerate, Tata Group, broke ground on a $11 billion semiconductor factory this week, Prime Minister Narendra Modi said the country was poised to become a world leader in the sector. View Full Image China’s aggressive expansion comes at a time when the market for legacy chips is already well supplied. But India would struggle to shower such …

Qualcomm open to buying made-in-India chips, says CEO
9 months, 1 week ago

Qualcomm open to buying made-in-India chips, says CEO

Live Mint  

Chennai: Wireless communications major Qualcomm Inc is open to buying semiconductor chips from India whenever they are available, the company’s president and CEO Cristiano Amon said. The Indian government has approved four projects to make semiconductor chips with an investment of ₹1.6 trillion, including two involving US-based Micron Technology and Tata Electronics. After the inauguration, union minister for and electronics …

India's chip ambitions are about to get larger
9 months, 1 week ago

India's chip ambitions are about to get larger

Live Mint  

New Delhi: The government plans to boost chip sector incentives from the current ₹76,000 crore, as it expects a mushrooming of chip fabs and testing units in the country in the years ahead. India will emerge as one of the top five semiconductor ecosystems in world in the coming five years, IT minister Ashwini Vaishnaw said in an interview. “In …

Every big chip player to re-work investment plan for India: Minister Vaishnaw
9 months, 3 weeks ago

Every big chip player to re-work investment plan for India: Minister Vaishnaw

The Hindu  

India has set its sights on becoming a formidable force in global semiconductor equation, rivalling known destinations like Taiwan and South Korea in next 5 years, Union Minister Ashwini Vaishnaw has said asserting that if and when mindset of global players has changed to an eagerness to invest in the country. This means, practically every big player would now like …

‘Entry in chip will de-risk global supply chains’
9 months, 3 weeks ago

‘Entry in chip will de-risk global supply chains’

New Indian Express  

NEW DELHI: India’s entry into the semiconductor manufacturing will significantly de-risk global supply chains and will make the country a very important player in globally, said N Chandrasekaran, Chairman, Tata Sons. “Tata Group has a tradition of pioneering many sectors in the country, and we are confident that our entry in semiconductor fabrication will add to this legacy,” said Chandrasekharan. …

Union cabinet approves three more semiconductor plants in India
9 months, 3 weeks ago

Union cabinet approves three more semiconductor plants in India

Op India  

In a major initiative in fulfilling the Narendra Modi government’s ambition to turn India into a semiconductor manufacturing hub, the Central government on Thursday, approved the proposal for setting up three semiconductor plants in India. #WATCH | Union Minister Ashwini Vaishnaw says, "Today the Prime Minister has taken an important decision to set up semiconductor fab in the country. The …

Two multi-billion dollar semiconductor plants to come up in India: Rajeev Chandrasekhar
10 months ago

Two multi-billion dollar semiconductor plants to come up in India: Rajeev Chandrasekhar

India TV News  

India is set to witness the establishment of two major semiconductor fabrication plants, each involving multi-billion dollar investments, alongside multiple chip assembly and packaging units, according to Minister of Electronics and IT Rajeev Chandrasekhar. Reflecting on India's semiconductor journey, Chandrasekhar highlighted the strides made since 2014, particularly after the launch of the semiconductor programme in January 2020. Chandrasekhar highlighted India's …

India Doubles Down on Chip Dreams with Rs 6,903 Crore Record Boost for Semiconductors
10 months, 3 weeks ago

India Doubles Down on Chip Dreams with Rs 6,903 Crore Record Boost for Semiconductors

News 18  

The Union government has once again showcased its commitment by allocating a staggering Rs 6,903 crore in the Interim Budget for 2024-25. This significant boost follows the allocation of Rs 3,000 crore in the previous year, affirming the government’s determination to foster the semiconductor and electronics manufacturing sector. Ashok Chandak, president of the India Electronics & Semiconductor Association, lauded the …

More mature chip units to come up
11 months, 1 week ago

More mature chip units to come up

China Daily  

By CHENG YU | China Daily | Updated: 2024-01-16 09:05 Employees pack imported chips at a distribution center in Shanghai. Chinese chipmakers are increasing efforts to manufacture mature chips in order to prepare for the expected recovery in the global semiconductor sector this year, industry experts said on Monday. By contrast, Chinese chipmakers' production capacity may have increased 12 percent …

Evaluating multiple EoIs for OSATs, fabs, modernizing SCL: Rajeev Chandrasekhar
11 months, 3 weeks ago

Evaluating multiple EoIs for OSATs, fabs, modernizing SCL: Rajeev Chandrasekhar

Live Mint  

A top government body is examining “a significant number" of applications to set up semiconductor fabrication units and testing facilities in India, said Rajeev Chandrasekhar, Union minister of state for electronics and information technology. Edited excerpts: State governments say the India Semiconductor Mission isn’t giving approvals to chip projects in their states. Will local electronics manufacturing in India need concerted …

‘Generous’ incentives have boosted semiconductor ambitions: IT Secy
1 year ago

‘Generous’ incentives have boosted semiconductor ambitions: IT Secy

The Hindu  

The geopolitical advantage for India of companies and countries looking for resilient semiconductor and electronics supply chains is only going to last for “four or five years,” and that it was important to seize that opportunity within this period, Secretary of Electronics and Information Technology S. Krishnan said on Monday. Circumstances have changed for the industry now, with production-linked incentives …

Chip off the block: The Hindu Editorial on semiconductor fabrication in India
1 year, 1 month ago

Chip off the block: The Hindu Editorial on semiconductor fabrication in India

The Hindu  

As funds for production-linked incentives for manufacturing semiconductors lie under-utilised by upwards of 80%, the Union government must be far clearer on what it has achieved — and aims to accomplish — by continuing to spend crores of rupees on bringing more semiconductor fabrication capabilities to India. But the central wager with these schemes, at much cost to the exchequer, …

India sees massive surge in semiconductor jobs, likely to have over 1 lakh semicon engineers in 5 years
1 year, 2 months ago

India sees massive surge in semiconductor jobs, likely to have over 1 lakh semicon engineers in 5 years

Firstpost  

From Micron to the Tata group, several major players are setting up semiconductor fabrication units, as well as R&D centres. Experts believe that over the next 5 years, India will see over 1 lakh semiconductor design engineers being made The landscape of India’s semiconductor industry is on the cusp of a significant transformation, promising an exponential surge in job opportunities …

India's oldest surviving semicon maker CDIL to increase its capacity by 100 Million Units
1 year, 3 months ago

India's oldest surviving semicon maker CDIL to increase its capacity by 100 Million Units

Firstpost  

India’s oldest surviving semiconductor maker CDIL is planning to increase its manufacturing capacity by 100 million units a year. Ltd, India’s oldest surviving semiconductor company is contemplating the possibility of establishing its own fabrication facility in India in the long term, provided the necessary supportive ecosystem emerges within the country. For the time being, CDIL is concentrating on its local …

India As Semiconductor Hub: Why China Challenge Is A Big Factor
1 year, 4 months ago

India As Semiconductor Hub: Why China Challenge Is A Big Factor

ABP News  

The Industrial Revolution 5.0 would not be here without the semiconductor chips. Chinese commentator Sima Nan, talking about Foxconn’s business plans in India, said: “Foxconn’s future lies in the acceptance of 'one country two systems' in a peaceful and prosperous world, there is no other way.” This was a warning not only to Foxconn but also to India, which seems …

Chip tactics: on India’s bid to attract major global chip manufacturers
1 year, 4 months ago

Chip tactics: on India’s bid to attract major global chip manufacturers

The Hindu  

The government has made a fresh bid to attract major global chip manufacturers into the country. At the Semicon India summit last Friday, Prime Minister Narendra Modi told prospective investors that the government had drawn on their suggestions after the first such conference last year, and taken pro-active decisions to address areas of concern. Ahead of Mr. Modi’s U.S. State …

Explained | Mapping India’s chip design ecosystem
1 year, 4 months ago

Explained | Mapping India’s chip design ecosystem

The Hindu  

The story so far: As part of the second phase of the design-linked incentive scheme for the domestic semiconductor industry, the Indian government, according to media reports, is considering a proposal to pick an equity stake in domestic chip design-making companies. According to Pranay Kotasthane, Chairperson, High Tech Geopolitics Programme at Takshashila Institution, the government’s attempt to become a venture …

Our made-in-India chip will be ready in 2.5 years: Vedanta chairman on semiconductor plan
1 year, 4 months ago

Our made-in-India chip will be ready in 2.5 years: Vedanta chairman on semiconductor plan

The Hindu  

Vedanta group chairman Anil Agarwal on July 28 said that first phase of its semiconductor project will involve $5 billion investment of the overall $20-billion outlay, and the venture will be ready with made-in-India chip in two and a half years. "In 2.5 years, we will give you Vedanta made-in-India chips," Mr. Agarwal told reporters on the sidelines of SemiconIndia …

Semiconductor tech: What exactly is India going to manufacture?
1 year, 5 months ago

Semiconductor tech: What exactly is India going to manufacture?

The Hindu  

Sand plays a vital role in our daily lives. By manipulating the gate to ‘open’ or ‘close’, the transistor stores and manipulates the data in a semiconductor chip. For example, the 500-nm node featured a gate length and metal half-pitch of 500 nm. Yet as transistors continued to become smaller, researchers spotted a discrepancy between the gate length and the …

The chips are down: Inside India’s technicoloured semi-conductor dreams
1 year, 5 months ago

The chips are down: Inside India’s technicoloured semi-conductor dreams

Hindustan Times  

Silicon chips and semiconductors, terms often used interchangeably, are actually distinct things. “The number of car-mounted semiconductor devices has been increasing steadily, particularly for future ADAS or Advanced Driver Assistance Systems,” is how Hitachi’s semiconductor knowledgebase describes the changes unfolding. Research firm Deloitte’s ‘TMT Predictions Report’ 2023 – India Chapter’ report released in February, estimates the Indian semiconductor market to …

Micron Investment Fuels Modi Govt's Semiconductor Ambition. What Are The Obstacles Ahead
1 year, 5 months ago

Micron Investment Fuels Modi Govt's Semiconductor Ambition. What Are The Obstacles Ahead

ABP News  

New Delhi: Micron Technology's announcement regarding the establishment of a cutting-edge semiconductor assembly, testing, and packaging plant in Sanand, Gujarat, has reignited fresh hope for India's aspirations to become a global semiconductor supply chain hub. "Semiconductor manufacturing involves various stages and each of these stages may involve a completely different category of vendor," says Kanishka Chauhan, Senior Principal Analyst at …

Global players’ investments to boost India’s semicon ecosystem: MoS IT
1 year, 6 months ago

Global players’ investments to boost India’s semicon ecosystem: MoS IT

Live Mint  

New Delhi: Indian investments by global players such as Micron, Applied Materials, and Lam Research will boost the manufacturing ecosystem and create job opportunities, both directly and indirectly, said minister of state for electronics and information technology, Rajeev Chandrasekhar. Chandrasekhar added that Prime Minister Narendra Modi has struck up more partnerships with the U.S. during his two-day visit, bringing in …

Semiconductor fab: the unfinished agenda
1 year, 6 months ago

Semiconductor fab: the unfinished agenda

The Hindu  

To set up a semiconductor fabrication plant in India is not mere hubris. But backed by massive government financial support over the last two decades, it acquired hundreds of loss-making fabs from around the world and built its fab industry. Lessons from China India’s strategy has been to set up a new logic fab. China, which acquired loss-making fabs and …

From mobile phones to chips, India manufacturing enters golden era
1 year, 6 months ago

From mobile phones to chips, India manufacturing enters golden era

India TV News  

In 2018, South Korean giant Samsung inaugurated the world's largest mobile factory in India. The 35-acre facility at Sector 81 in Noida, Uttar Pradesh, saw Prime Minister Narendra Modi and South Korean President Moon Jae-in officially inaugurating it together -- placing the country firmly on the global manufacturing map. Vedanta and Foxconn signed a Memorandum of Understanding with the Gujarat …

Apple’s $7 Billion Bet On India: iPhone production triples in India as China loses big time
1 year, 8 months ago

Apple’s $7 Billion Bet On India: iPhone production triples in India as China loses big time

Firstpost  

Apple saw its production in India jump from 1% of all iPhones sold worldwide, to 7%. This has been an impressive feat given that most of Apple’s production facilities in India are still in their nascent stage. Apple has been moving its production facilities away from China and into India and Vietnam. The journey from 1 per cent to 7 …

India's Semiconductor Dream: A Brief Introduction Of The Industry, Its Role, And Importance
1 year, 8 months ago

India's Semiconductor Dream: A Brief Introduction Of The Industry, Its Role, And Importance

ABP News  

The Centre wants to make India a hub for the semiconductor industry. To show India's commitment to the industry, the government is offering $10 billion in incentives for the development of a sustainable semiconductor and display manufacturing ecosystem in India. While Israel, Netherlands, Malaysia, the UK and South Korea have a significant number of Fab units, Germany, China, US, Taiwan, …

Explained | India’s push for semiconductors
1 year, 9 months ago

Explained | India’s push for semiconductors

The Hindu  

The story so far: The Union Government has disbursed around ₹1,645 crore in performance-linked incentives for electronics manufacturers so far, as part of its efforts to bring in more of the electronics supply chain to India. The government’s Invest India agency estimates that electronics manufacturing as a whole will be worth $300 billion by the financial year 2025–26. The SIA, …

First semiconductor fab will be declared in a few weeks: IT Minister Ashwini Vaishnaw
1 year, 9 months ago

First semiconductor fab will be declared in a few weeks: IT Minister Ashwini Vaishnaw

The Hindu  

The first semiconductor fab will be announced in a few weeks, and India is poised for a vibrant chip industry in the next 3-4 years on the back of enabling policies and the government's firm commitment towards growing the manufacturing ecosystem, Union Minister Ashwini Vaishnaw said on March 14. When it comes to mobile phone manufacturing India is number two …

Chips down on India: From Foxconn to TSMC, semiconductor giants are betting big on India
1 year, 10 months ago

Chips down on India: From Foxconn to TSMC, semiconductor giants are betting big on India

Firstpost  

Foxconn and Vedanta are already setting up their semiconductor fabricating plant in India and will invest $19.5 billion. However, other chip giants like TSMC, PSMC, Renesas Electronics, Intel and AMD are also looking for ways to set up factories in India. Ever since news N Chandrasekaran - chairman of the Tata group, announced that Tata Electronics will set up an …

India-US Semiconductor Groups Join Hands to Strengthen Chip Ecosystem Ahead of Budget Presentation
1 year, 10 months ago

India-US Semiconductor Groups Join Hands to Strengthen Chip Ecosystem Ahead of Budget Presentation

News 18  

The India Electronics and Semiconductor Association and the US Semiconductor Industry Association have announced plans to develop a private-sector task force to strengthen collaboration between both countries in the global semiconductor ecosystem, just ahead of Finance Minister Nirmala Sitharaman presenting the Union Budget 2023. These are developing a “readiness assessment” regarding the semiconductor ecosystem in India; assembling industry, government, and …

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth
1 year, 10 months ago

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth

Firstpost  

It would also be very helpful to the sector if the government provides incentives for the domestic design and manufacture of electronics Around 62 per cent of industry leaders were optimistic about India’s growth prospects in 2023, according to a recent survey by Deloitte. Outlook for electronics sector In recent years, there has been a lot of discussion around India …

Budget 2023 | Govt May Bring Incentive Scheme To Boost Local Chip Manufacturing: Report
1 year, 11 months ago

Budget 2023 | Govt May Bring Incentive Scheme To Boost Local Chip Manufacturing: Report

ABP News  

As the world’s chip shortage problem persists, the central government is likely to incentivise local chip manufacturing. According to a report by the Economic Times, the Ministry of Electronics and IT is working on an incentive scheme, worth around Rs 10,000 crore to Rs 12,000 crore, to promote domestic manufacturing of high-end components that could go into products such as …

Apple plans to push India up in its value chain
2 years ago

Apple plans to push India up in its value chain

Live Mint  

NEW DELHI : Apple Inc. is likely to triple its production of iPhones assembled in India over the next two years, three people aware of the development said, representing a significant expansion of its local manufacturing capabilities. Analysts tracking the mobile handset industry and local manufacturing said the expansion could result in the local production of iPhones rising to a …

Karnataka may become the first state to have a chip fab
2 years, 1 month ago

Karnataka may become the first state to have a chip fab

Live Mint  

NEW DELHI : The International Semiconductor Consortium’s proposed $3 billion chip fab in Mysuru is likely to start construction as early as February if the central government okays the company’s application for financial incentives. Here’s why Five charts tell the floundering story of multiplexes How a Delhi couple bought first home for ₹37 lakh He added that ISMC would make …

Centre likely to clear semiconductor unit proposals in next 30-60 days: MoS IT Rajeev Chandrasekhar
2 years, 2 months ago

Centre likely to clear semiconductor unit proposals in next 30-60 days: MoS IT Rajeev Chandrasekhar

Firstpost  

The government has received proposals from five companies for setting up electronic chip and display manufacturing plants with an investment of Rs 1.53 lakh crore Bengaluru: The government is likely to start approving proposals to set up electronic chip and display manufacturing plants in the country in the next 30-60 days, Minister of State for Electronics and IT Rajeev Chandrasekhar …

Fabs: The east Asia lesson for India
2 years, 2 months ago

Fabs: The east Asia lesson for India

Live Mint  

NEW DELHI : A few days ago, the central government tweaked its ₹76,000 crore production-linked incentive scheme for semiconductors, offering fiscal support of 50% of the project cost for companies looking to set up chip manufacturing plants in India, irrespective of the chip type. FII holdings of bearish bets on indices spike Soon, pay highway toll based on size of …

Explained | A push for the semiconductor industry
2 years, 2 months ago

Explained | A push for the semiconductor industry

The Hindu  

The story so far: In a bid to make India’s $10 billion chip-making initiative more attractive to investors, the Centre on September 21, approved changes to the scheme for the development of a semiconductor and display manufacturing ecosystem in the country. In December 2021, India announced its roughly $10 billion dollar production-linked incentive scheme to encourage semiconductor and display manufacturing …

Cabinet approves modifications in scheme for development of semiconductors and display manufacturing ecosystem
2 years, 3 months ago

Cabinet approves modifications in scheme for development of semiconductors and display manufacturing ecosystem

The Hindu  

The Union Cabinet on Wednesday approved modifications in the scheme for development of the semiconductor and display manufacturing ecosystem, with a uniform fiscal support of 50% project cost for all technology nodes for setting up of semiconductor fabrication units. “Given the niche technology and nature of compound semiconductors and advanced packaging, the modified programme will also provide fiscal support of …

India committed to reach $300 bn worth of electronics manufacturing by 2025-26
2 years, 3 months ago

India committed to reach $300 bn worth of electronics manufacturing by 2025-26

Live Mint  

New Delhi: Emphasising that India can achieve the target of $300 billion worth of electronics manufacturing and exports by 2025-26, the MoS for Electronics and IT, Rajeev Chandrasekhar said that the government is committed to work in partnership with all states to support startups and entrepreneurs keen on investing in this sector - to reach this mark. The minister was …

Vedanta picks Gujarat for $20 billion India semiconductor foray
2 years, 3 months ago

Vedanta picks Gujarat for $20 billion India semiconductor foray

Live Mint  

Vedanta Ltd has selected Indian Prime Minister Narendra Modi's home state of Gujarat for its semiconductor project, two sources told Reuters, the first major step in its $20 billion joint venture with Taiwan's Foxconn. Vedanta obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from Gujarat to build the semiconductor plants, the first source with knowledge of …

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