Guwahati, Feb 1 (IANS) The Federation of Industry and Commerce of the North Eastern Region (FINER) on Sunday expressed satisfaction with the Union Budget 2026-27, terming it a well-balanced and growth-oriented budget that addresses the needs of industry while maintaining fiscal discipline.The FINER, the key industrial body of the Northeast region, welcomed the government’s emphasis on reform over rhetoric and said the fiscal consolidation glide path has been maintained as targeted.It particula…
Latest India Semiconductor Mission News & Updates
New Delhi, Feb 1 (IANS) The Confederation of Indian Industry (CII) on Sunday said the Union Budget 2026-27, with its next‑generation reforms, builds confidence, and its thrust on public capital expenditure will enhance private investment.CII welcomed the continued focus on fiscal prudence, noting that the fiscal deficit target of 4.3 per cent of GDP for FY27 reinforces confidence in India’s macroeconomic management.”There is broad recognition on fiscal discipline, including adherence to the …
New Delhi, Feb 1 (IANS) Giving a thrust to ‘Make in India’ and domestic manufacturing, Finance Minister Nirmala Sitharaman on Sunday announced the launch of the India Semiconductor Mission (ISM) 2.0, while increasing the outlay for electronics component manufacturing to Rs 40,000 crore to strengthen local production and innovation.India’s Semiconductor Mission 1.0 expanded the country’s semiconductor capabilities, and building on this, the government will launch ISM 2.0 to produce equipm…
New Delhi, Jan 29 (IANS) India’s industrial sector continues to display strong momentum despite an evolving and challenging global environment, supported by reforms in infrastructure, logistics, ease of doing business and innovation systems, the Economic Survey 2025-26 said on Thursday.The Survey points to the vital aspect of the next phase of industrialisation that will require a calibrated shift from a model centred mainly on import substitution towards one focused on scale, competitiveness,…
New Delhi, Jan 29 (IANS) India’s innovation ecosystem has shown strong and steady progress over the past few years, with the country climbing to 38th position in the Global Innovation Index (GII) 2025 from 66th in 2019, according to the Economic Survey 2025-26 tabled in Parliament today by Union Finance Minister Nirmala Sitharaman on Thursday. The Survey highlights how government initiatives in manufacturing, research, startups and technology have helped India emerge as a growing global hub fo…
New Delhi, Jan 27 (IANS) Union Minister for Electronics and Information Technology Ashwini Vaishnaw on Tuesday said the government’s multi-year, ecosystem-driven approach to semiconductor development is delivering tangible results.He said that India steadily moves towards building a strong and self-reliant chip design and manufacturing ecosystem.Speaking after interacting with semiconductor chip design companies approved under the Design Linked Incentive (DLI) Scheme of the Semicon India Progr…
New Delhi, Jan 22 (IANS) As India’s semiconductor industry scales up, its adoption of artificial intelligence (AI) is projected to generate $1.7 trillion in economic value by 2035 and reshape industries across the economy, a new report has said.A KPMG report, launched at the World Economic Forum 2026 in Davos, said that India’s responsible AI scaling gained support from robust data governance frameworks, sectoral adoption in healthcare, agriculture, education, and defence, and the creation o…
New Delhi, Jan 15 (IANS) As the nation marks the decade of the ‘Startup India’ initiative, the revolution is no longer merely an economic phenomenon; it has become a nation-building instrument, reshaping how the India creates capability, opportunity, and confidence for the next century.‘Startup India’ was launched on January 16, 2016 by Prime Minister Narendra Modi as a transformative national programme to nurture innovation, promote entrepreneurship and enable investment-driven growth, …