Cabinet approves ₹3,300 crore for Kaynes Semicon plant in Gujarat
3 months, 3 weeks ago

Cabinet approves ₹3,300 crore for Kaynes Semicon plant in Gujarat

The Hindu  

The Union Cabinet on Monday approved a semiconductor unit in Sanand, Gujarat to be set up by Kaynes Semicon Pvt Ltd. The approval flows from the India Semiconductor Mission’s modified scheme for setting up semiconductor fabs, which provides for 50% capital investment fiscal support; the scheme has an outlay of ₹76,000 crore. “The chips produced in this unit will cater to a wide variety of applications, which include segments such as industrial, automotive, electric vehicles, consumer electronics, telecom, mobile phones, etc.,” the government said in a press note. While Tata Electronics is receiving support under the scheme for setting up a semiconductor fab at Dholera in Gujarat and a semiconductor unit at Morigaon in Assam, CG Power is being assisted for setting up a semiconductor unit in Sanand.

Gujarat Semiconductor Kaynes Semicon  gujarat  approves  electronics  unit  sanand  support  3300  chips  cabinet  investment  kaynes  semicon  setting  scheme  semiconductor  crore  plant

History of this topic

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 …

Semicon 2.0 policy in the next 3-4 months: Ashwini Vaishnaw
3 months, 1 week ago

Semicon 2.0 policy in the next 3-4 months: Ashwini Vaishnaw

Hindustan Times  

The government will launch the second phase of India’s semiconductor manufacturing policy in the next three to four months as the first stage is “practically complete”, electronics and IT minister Ashwini Vaishnaw said. “The focus is on developing the entire ecosystem which includes equipment, specialised materials, and specialised chemicals and gases,” he said. Vaishnaw didn’t specify the outlay for Semicon …

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 …

Proposal to set up unit in India: Centre seeks more details from Israeli firm Tower Semiconductor
3 months, 2 weeks ago

Proposal to set up unit in India: Centre seeks more details from Israeli firm Tower Semiconductor

Hindustan Times  

The Union government has sought more details regarding a proposal from an Israeli firm, Tower Semiconductor, to set up a semiconductor unit in India, a senior IT ministry official said on Monday, adding the proposal is currently being appraised. The statement comes days after Maharashtra deputy chief minister Devendra Fadnavis on September 5 announced that the state cabinet has already …

Nod for Kaynes’ Rs 3.3K crore chip plant in Gujarat
3 months, 3 weeks ago

Nod for Kaynes’ Rs 3.3K crore chip plant in Gujarat

New Indian Express  

NEW DELHI: The government on Monday approved a proposal by Kaynes Semicon Pvt Ltd to set up a semiconductor assembly and testing plant in Sanand, Gujarat. Kaynes Semicon, an arm of Karnataka-based Kaynes Technology, had applied for setting up its OSAT plant in Telangana under the government’s semiconductor mission scheme last year. According to a post on social media platform …

Cabinet approves fifth semiconductor unit in India
3 months, 3 weeks ago

Cabinet approves fifth semiconductor unit in India

Hindustan Times  

The cabinet on Monday approved a proposal by Kaynes Semicon to set up a semiconductor unit in Sanand, Gujarat, with an investment of ₹3,307 crore, electronics and information technology minister Ashwini Vaishnaw announced. Cabinet approves fifth semiconductor unit in India This is the fifth semiconductor unit to be approved under the India Semiconductor Mission, the second to be set up …

Cabinet approves fifth semiconductor unit in India
3 months, 3 weeks ago

Cabinet approves fifth semiconductor unit in India

Hindustan Times  

The Union Cabinet on Monday approved a proposal by Kaynes Semicon to set up a semiconductor unit in Sanand, Gujarat, with an investment of ₹3,307 crore, electronics and information technology minister Ashwini Vaishnaw said. On Monday, Vaishnaw said semiconductor industry is a “foundational industry” for India’s domestic manufacturing goals. First was India’s first semiconductor fab unit in Dholera set up …

Union Cabinet approves proposal of Kaynes Semicon Pvt Ltd to set up semiconductor unit in Gujarat
3 months, 3 weeks ago

Union Cabinet approves proposal of Kaynes Semicon Pvt Ltd to set up semiconductor unit in Gujarat

New Indian Express  

NEW DELHI: In a bid to make India a semiconductor manufacturing hub, the government on Monday approved the proposal of Kaynes Semicon Pvt Ltd to set up a semiconductor unit in Sanand, Gujarat. In June 2023, the Union Cabinet approved the first proposal for setting up a semiconductor unit in Sanand, Gujarat. Tata Electronics is setting up a semiconductor fab …

Tata’s semiconductor plant in Assam will bring entire semiconductor ecosystem companies: N Chandrasekaran
4 months, 2 weeks ago

Tata’s semiconductor plant in Assam will bring entire semiconductor ecosystem companies: N Chandrasekaran

Op India  

The semiconductor industry is a foundation industry for the future and chips are going to be part of almost everything people do in their daily lives, Chairman of Tata Group N Chandrasekaran said on Saturday after the ‘bhoomi pujan’ of the Tata’s semiconductor unit in Morigaon in Assam, which will be set up with an investment of Rs 27,000 crore. …

Tata Electronics holds groundbreaking ceremony of its semiconductor chip assembly in Assam
4 months, 3 weeks ago

Tata Electronics holds groundbreaking ceremony of its semiconductor chip assembly in Assam

India TV News  

Tata Electronics: In a boost to Prime Minister Narendra Modi's vision to establish India as a global semiconductor manufacturing center, Tata Electronics held the groundbreaking ceremony for its chip assembly and testing unit at Jagiroad in Morigaon district, Assam on Saturday. Being touted as the largest investment project in Northeast India, the estimated Rs 27,000 crore Tata semiconductor plant is …

PM Modi lays foundation stone of three semiconductor facilities
9 months, 1 week ago

PM Modi lays foundation stone of three semiconductor facilities

The Hindu  

Prime Minister Narendra Modi on March 13 said when India commits, it delivers, referring to his government's commitment to make the country a semiconductor manufacturing hub. Mr. Modi was virtually addressing people after laying the foundation stone of three semiconductor facilities of about ₹1.25 lakh crore, which include two in Gujarat and one in Assam. PM Modi lays foundation stone …

PM Modi to lay foundation for 3 semiconductor facilities worth ₹1.25 lakh cr
9 months, 1 week ago

PM Modi to lay foundation for 3 semiconductor facilities worth ₹1.25 lakh cr

Live Mint  

Prime Minister Narendra Modi will lay the foundation stones for three semiconductor facilities worth over Rs. The PM will lay the foundation stone for the Semiconductor fabrication facility at the Dholera Special Investment Region and the Outsourced Semiconductor Assembly and Test facility at Sanand located in Gujarat. The statement said that PM Modi will lay the foundation stone for semiconductor …

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 …

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 …

First commercial semiconductor fab to be setup by Tata, Powerchip-Taiwan as Centre gives approval
9 months, 3 weeks ago

First commercial semiconductor fab to be setup by Tata, Powerchip-Taiwan as Centre gives approval

Hindustan Times  

The Centre on Thursday announced the setting up of three semiconductor plants in the country. The first commercial semiconductor fab will be setup by Tata and Powerchip-Taiwan, whose plant will be in Dholera," Union minister Ashwini Vaishnaw was quoted by ANI as saying. “CG Power will set up semiconductor unit in Gujarat in tie-up with Renesas Electronics Corp, Japan, and …

Govt clears three semiconductor plants in Gujarat and Assam, CM Himanta says 'game changer for North East'
9 months, 3 weeks ago

Govt clears three semiconductor plants in Gujarat and Assam, CM Himanta says 'game changer for North East'

India TV News  

The Modi government on Thursday approved proposals to set up three semiconductor units in Gujarat and Assam with an estimated investment of Rs 1.26 lakh crore. Three semiconductor plants in Gujarat and Assam Tata Electronics Private Limited will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp, Taiwan. Assam CM Himanta Biswa Sarma thanks PM Modi for …

Modified semiconductor incentive applications from Thursday: IT Ministry
1 year, 6 months ago

Modified semiconductor incentive applications from Thursday: IT Ministry

The Hindu  

The Union government will invite applications for setting up semiconductor and display fabrication units in India from Thursday onwards, the Ministry of Electronics and Information Technology said in a press release on May 31. “The applications will be received by India Semiconductor Mission, the designated nodal agency entrusted with the responsibility of implementing the Modified Semicon India Programme for development …

India’s semiconductor mission might need a compass
1 year, 8 months ago

India’s semiconductor mission might need a compass

The Hindu  

The United States Department of Commerce and its Indian counterpart have recently concluded a memorandum of understanding in March 2023 to ensure that subsidies by each country do not come in the way of India’s semiconductor dreams, as espoused by the much publicised semiconductor policy launched in December 2021. The way forward The institutional framework for such a shift in …

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 …

‘Hope for more proposals like Vedanta-Foxconn for semiconductor fabs’
1 year, 10 months ago

‘Hope for more proposals like Vedanta-Foxconn for semiconductor fabs’

Live Mint  

I have been following news articles on the status of semiconductor fabs to be set up in India. When a country is starting from scratch, like India is, it isn’t always realistic to suggest that an entity with great experience in semiconductors should lead the foray. The Government will support semiconductor and display fabs with a package of $10 billion, …

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 …

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 …

Cabinet approves tweaks in scheme for semiconductors, display manufacturing ecosystem
2 years, 3 months ago

Cabinet approves tweaks in scheme for semiconductors, display manufacturing ecosystem

Deccan Chronicle  

NEW DELHI: The Cabinet on Wednesday approved modifications in the scheme for semiconductors and display manufacturing ecosystem, with uniform fiscal support of 50 per cent of project cost for all technology nodes under the ambitious programme. Announcing the decision of the Cabinet, Union Minister Anurag Thakur said the modifications will strengthen the semiconductor scheme, thus raising capacities within the country, …

Vedanta-Foxconn semiconductor plant site in Gujarat likely to be finalised in 2 weeks
2 years, 3 months ago

Vedanta-Foxconn semiconductor plant site in Gujarat likely to be finalised in 2 weeks

The Hindu  

Vedanta and Foxconn have hired experts who are evaluating possible locations for their upcoming semiconductor plant in Gujarat and a site may be finalised in the next couple of weeks, Gujarat Science and Technology Department Secretary Vijay Nehra said. So far, the joint venture company has not finalised the location as they are evaluating various sites in Gujarat based on …

On The Semiconductor Train: India's First Chip Plant to Be Built in Karnataka with ISMC's $3B Investment
2 years, 7 months ago

On The Semiconductor Train: India's First Chip Plant to Be Built in Karnataka with ISMC's $3B Investment

News 18  

The Karnataka government said at the weekend that a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel’s Tower Semiconductor, the International Semiconductor Consortium, will invest $3 billion in the southern state to build India’s first chip manufacturing plant. The latest announcement by Karnataka state authorities implies that the government’s incentive system to turn India into a semiconductor hub …

More Bids for Chip Fabs Expected but Current Focus on ‘Execution’ of Semiconductor India Programme: IT Minister Vaishnaw
2 years, 10 months ago

More Bids for Chip Fabs Expected but Current Focus on ‘Execution’ of Semiconductor India Programme: IT Minister Vaishnaw

News 18  

With the Internet of Things and 5G becoming trending technologies in India, demand for semiconductor chips is estimated to increase over $100 billion by 2025. Union Electronics and IT Minister Ashwini Vaishnaw told CNBCTV18 that in the second round of the Semicon India Programme, more proposals for setting up semiconductor chip production facilities are expected. The India Semiconductor Mission, which …

Five firms submit proposal of Rs 1.53 lakh cr to set up semiconductor, display plants
2 years, 10 months ago

Five firms submit proposal of Rs 1.53 lakh cr to set up semiconductor, display plants

India Today  

The government has received proposals from five companies for setting up electronic chip and display manufacturing plants with investment of Rs 1.53 lakh crore, an official statement said on Saturday. Vedanta Foxconn JV, IGSS Ventures and ISMC propose to set up electronic chip manufacturing plants with USD 13.6 billion investment and have sought support of USD 5.6 billion from the …

Intel planning semiconductor manufacturing unit in India as govt rolls out incentives
2 years, 11 months ago

Intel planning semiconductor manufacturing unit in India as govt rolls out incentives

Live Mint  

Chipset maker, Intel, is planning to set up its semiconductor manufacturing unit in India. The Union Cabinet approved a ₹76,000-crore policy boost for semiconductor and display manufacturing ecosystem in the country in a bid to position India as a global hub for hi-tech production. The government has lined up an attractive incentive support for companies engaged in silicon semiconductor fabs, …

Union Cabinet approves ₹76,000-crore push for semiconductor makers
3 years ago

Union Cabinet approves ₹76,000-crore push for semiconductor makers

The Hindu  

The Union Cabinet on Wednesday approved a ₹76,000 crore scheme to boost semiconductor and display manufacturing in the country, taking the total amount of incentives announced for the electronics sector to ₹2.30 lakh crore, a government statement said. The comprehensive programme for the “development of sustainable semiconductor and display ecosystem in the country” was aimed at making India a global …

Discover Related