Washington, July 9 (IANS) India’s push to establish itself as a global manufacturing hub is beginning to pay off as international supply chains diversify, with the International Monetary Fund (IMF) saying on Thursday that it is already seeing tangible evidence of the shift, particularly in electronics manufacturing, while urging New Delhi to sustain structural reforms to maintain the momentum. Responding to questions at the IMF’s regular press briefing, Julie Kozack, Director of the IMF’s Commun…
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Gandhinagar, July 9 (IANS) Gujarat government unveiled its ‘Data Center Policy 2026-29’ on Thursday, with Chief Minister Bhupendra Patel describing it as a step towards state’s emergence as the country’s preferred destination for data centre investments. Launching the policy at an event attended by Deputy Chief Minister Harsh Sanghavi, Science and Technology Minister Arjun Modhwadia, Chief Secretary M. K. Das, senior bureaucrats, industry representatives and investors, the Chief Minister said th…
New Delhi, June 30 (IANS) India could face water demand that is double its available supply by 2030, creating over Rs 20 lakh crore in investment opportunities in the next decade, a report said on Tuesday.The report from PL Capital said that investment opportunities span across water treatment, wastewater recycling and sewage infrastructure.India — home to nearly 18 per cent of the world’s population but with only about 4 per cent of global freshwater resources — is confronting growing scarc…
New Delhi, June 30 (IANS) The Finance Ministry’s Expenditure Finance Committee (EFC) has approved an outlay of Rs 1.25 lakh crore for the India Semiconductor Mission (ISM) 2.0, paving the way for the next phase of the country’s semiconductor manufacturing push, according to a report in NDTV Profit.The proposal was cleared by the committee last week and will now be sent to the Union Cabinet for final approval.The proposed outlay marks a significant increase from the Rs 76,000 crore allocated as p…
New Delhi, June 28 (IANS) Union Minister Ashwini Vaishnaw has said the upcoming Amber and Ascent Electronics manufacturing facilities will mark a new chapter in India’s electronics sector, with advanced printed circuit board (PCB) production set to strengthen the country’s electronics ecosystem and enhance its global competitiveness.“A new chapter in Bharat’s electronics manufacturing. The Amber & Ascent Electronics Manufacturing Plant will produce advanced Printed Circuit Boards (PCBs),…
New Delhi, June 28 (IANS) Under the India Semiconductor Mission (ISM), 12 semiconductor manufacturing projects have been approved with an investment pipeline of approximately Rs 1.64 lakh crore, comprising one semiconductor fabrication unit, two compound semiconductor fabrication units and nine packaging units, according to an official fact-sheet.Moreover, India Semiconductor Mission 2.0, announced in the Union Budget 2026-27, signals a deepening of the national commitment to chip manufacturing,…
New Delhi, June 26 (IANS) Foxconn Singapore — a subsidiary of Taiwan’s Hon Hai Technology Group — has approved an investment of $37.2 million in its India-based subsidiary, Foxconn Hon Hai Technology India Mega Development Private Limited, as part of its long-term investment strategy, according to the company’s regulatory filing.The company’s board of directors approved the investment through the subscription of approximately 351.73 million common shares of the Indian subsidiary at a face valu…
New Delhi, June 18 (IANS) Electronics manufacturing has surged forward to become the third-largest category among goods exported from India, according to Union Minister for Electronics and IT, Ashwini Vaishnaw.The minister lauded the vision of Prime Minister Narendra Modi in transforming electronics manufacturing into a premier pillar of the national economy.India’s electronics manufacturing industry has surged to an unprecedented value of Rs 13 lakh crore. From initially targeting a place in …
New Delhi, June 8 (IANS) India’s electronics manufacturing services (EMS) market could exceed $150 billion by FY30, and is at a critical inflection point, a report said on Monday.A report by KPMG in India showed that the EMS market has grown rapidly from roughly $10–12 billion in FY20 to $40–45 billion in FY25. The sector’s rapid expansion was driven by domestic demand, policy support and China+1 strategies, it said.However, it now faces a “scale without depth” paradox that limits valu…
Jaipur, May 19 (IANS) Rajasthan is rapidly emerging as India’s next major semiconductor and electronics manufacturing destination, with the Bharatiya Janata Party-led state government on Tuesday unveiling ambitious plans to transform the state into a high-technology hub. Marking a significant milestone in the state’s industrial journey, Rajasthan’s first semiconductor cluster has been launched in Bhiwadi, signaling a decisive shift from traditional industries toward a technology-driven economy a…