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,…
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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…
New Delhi, May 8 (IANS) Alphabet-owned Google is exploring fresh investments in India focused on artificial intelligence (AI) infrastructure and the local manufacturing of servers and drones, Union Minister Ashwini Vaishnaw said on Friday.Sharing details of his meeting with Google executives on social media platform X, Vaishnaw said the company is evaluating opportunities across AI infrastructure development as well as electronics manufacturing in India.“Google is exploring investments in Indi…
New Delhi, March 30 (IANS) The government on Monday approved 29 new applications under its electronics component manufacturing scheme, aiming to boost domestic production and investment in the sector.According to S Krishnan, Secretary at the Ministry of Electronics and IT (MeitY), these fresh proposals involve a cumulative investment of Rs 7,104 crore.He added that the new investments are expected to generate around 14,246 jobs, providing a significant push to employment in the electronics manuf…
New Delhi, March 25 (IANS) The bilateral trade between India and Taiwan recorded a robust 17 per cent increase in 2025, compared with the previous year, to touch the $12.5 billion mark, according figures compiled by the Taipei Economic and Cultural Center (TECC) here.India’s exports to Taiwan amounted to $3.3 billion, consisting of mineral fuels, aluminium, iron, steel, organic chemicals and plastics while Taiwan’s exports to India amounted to $9.2 billion, comprising mainly electronic integ…
New Delhi, March 13 (IANS) India is planning a new set of incentives to support domestic mobile phone manufacturing after its flagship production-linked incentive (PLI) scheme for the sector ends this month.The move is expected to benefit global smartphone makers such as Apple and Samsung, which have significantly expanded their production in the country in recent years, according to multiple reports.The government’s decision to continue supporting the industry comes at a time when India may l…
New Delhi, March 2 (IANS) India’s experience demonstrates that import substitution and export strength can move together when approached strategically. Across sectors, from mobile phones and medicines to automobiles and defence, the push is to build in India not only for domestic needs, but for global markets as well, according to an official factsheet issued on Monday.As local capacity expands and imports reliance falls, many industries also gain the scale to export more, strengthening the ex…