Jaipur, July 18 (IANS) The Enforcement Directorate (ED) has recovered Rs 3 crore in cash, documents relating to more than 50 properties, and records of several suspicious financial transactions during searches conducted at premises linked to businessman Ashok Chandak as part of an ongoing money laundering investigation. The searches, which began at 5 a.m. on Friday and continued until 1 a.m. on Saturday, were carried out simultaneously at eight locations across Rajasthan, Delhi, and Bihar.The ED…
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New Delhi, July 16 (IANS) Recent Cabinet approvals for the Semicon 2.0 and the Mobile Phone Manufacturing Scheme (MPMS) mark a shift from assembly‑led growth to building a full semiconductor value chain and could collectively create over 3.6 lakh jobs, industry bodies have said.Semicon 2.0 could attract $40–50 billion in fresh investment and create 2–3 lakh high‑skilled jobs, while MPMS could nearly double cumulative production to about Rs 39 lakh crore and cumulative exports to about Rs…
New Delhi, May 6 (IANS) Suchi Semicon on Wednesday said it is truly honoured and humbled by the Cabinet’s approval of its semiconductor project in Gujarat, with an outlay of around Rs 868 crore, and remains fully committed to this national mission.The Cabinet, under the leadership of Prime Minister Narendra Modi, has approval two new semiconductor projects — Crystal Matrix Limited and Suchi Semicon — with a combined investment of around Rs 3,936 crore, which are expected to generate employme…
New Delhi, March 30 (IANS) Industry leaders on Monday welcomed the government’s strong push on design capability and quality standards under the Electronics Component Manufacturing Scheme (ECMS), calling it critical for scaling India’s electronics ambitions. Industry participants at an event hosted by the India Cellular and Electronics Association (ICEA) to mark the fourth tranche of ECMS approvals said that the ECMS scheme reflects India’s shift from policy intent to on-ground execution.I…
New Delhi, Feb 28 (IANS) The India Electronics and Semiconductor Association (IESA) on Saturday congratulated the government and US-based Micron Technology on the historic inauguration of state-of-the-art ATMP (assembly, testing, marking and packaging) facility in Sanand, Gujarat, by Prime Minister Narendra Modi.Terming the event a defining milestone in India’s semiconductor journey, Ashok Chandak, President, IESA, who was present at the inauguration, said that “this is not merely the inaugu…
New Delhi, Feb 21 (IANS) The US Pax Silica initiative represents a new strategic framework for the world where cooperation in semiconductors, critical minerals and AI infrastructure, potentially replaces conflict over technology, according to Industry experts.For India, this is a transformational opportunity, as we move from being a large consumer of electronics to becoming a global design and manufacturing partner. “With our strong semiconductor design talent, growing fabrication and packagin…
New Delhi, Feb 1 (IANS) Industry on Sunday hailed the Union Budget 2026–27 for adopting a steady and largely inclusive approach, reinforcing India’s manufacturing and technology ecosystem through policy continuity, scale, and targeted reforms.The sustained focus on electronics manufacturing, the launch of India Semiconductor Mission (ISM) 2.0, and the significant expansion of the Electronics Component Manufacturing Scheme (ECMS) reaffirm the government’s long-term commitment to building re…
New Delhi, Dec 26 (IANS) India’s electronics and semiconductor journey has moved from intent to execution – creating several new highs this year — and 2026 is set to break new records with ‘Make in India’ and production-linked incentive (PLI) schemes firmly in place — establishing India as a competitive and trusted electronics manufacturing destination globally.According to government data, electronics production has increased sharply from about Rs 1.9 lakh crore in 2014-15 to around R…