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India needs large scale product manufacturing to occupy 30% of China’s capability in semiconductors business, says Dr Ajai Chowdhry, Chairman, EPIC Foundation

OutlookIndia

OutlookIndia · 1y ago

India needs large scale product manufacturing to occupy 30% of China’s capability in semiconductors business, says Dr Ajai Chowdhry, Chairman, EPIC Foundation

HCL co-founder Dr. Ajai Chowdhry highlights the need for India to focus on large-scale product manufacturing in order to capture a significant share of China's capabilities in the semiconductor business. He emphasizes the importance of creating a robust domestic demand, fostering product design capabilities through collaboration with start-ups and educational institutions, and incentivizing the growth of hardware start-ups. Dr. Chowdhry also discusses the role of the EPIC Foundation in bridging government agencies and industry players, advocating for a "Right to Repair" policy, and facilitating access to finance for hardware start-ups.

Related News

Former HCL Chief Ajai Chowdhry Calls for Rs 44,000 Crore Allocation to Support Product Nation Initiative

OutlookIndia

OutlookIndia · 7m ago

Former HCL Chief Ajai Chowdhry Calls for Rs 44,000 Crore Allocation to Support Product Nation Initiative

Former HCL chief, Ajai Chowdhry, has proposed a ₹44,000 crore allocation to boost India's semiconductor production, aiming for self-reliance under the Product Nation Initiative. As part of the EPIC Foundation, Chowdhry emphasizes transitioning India into an "Electronic Product Nation" through domestic manufacturing of chips and systems. This includes prioritizing local products in government procurement. The proposal seeks to transform India into a global electronics hub and diminish dependence on imports.

India's ability to prepare for tech-driven wars to decide country's future: Adani at IIT Kharagpur - The Economic Times

Economic Times

Economic Times · 11d ago

India's ability to prepare for tech-driven wars to decide country's future: Adani at IIT Kharagpur - The Economic Times

Adani Group chairman Gautam Adani, speaking at IIT Kharagpur’s 75th Foundation Day, emphasized India's vulnerabilities in energy, semiconductors, data, and defense. He highlighted the transition from conventional wars to technology-driven conflicts, stressing India's preparedness in these areas as crucial for the nation's future. Adani noted India's heavy reliance on imported semiconductors and oil, which exposes the country to geopolitical risks and affects data security and economic independence.

Kothari Industrial Corporation launches agri-products that can boost farm output

Economic Times

Economic Times · 2m ago

Kothari Industrial Corporation launches agri-products that can boost farm output

Kothari Industrial Corporation Ltd has introduced 30 new agro-products to enhance agricultural output and meet farmers' needs. These offerings include bio and organic fertilizers, insecticides, fungicides, and neem-based variants such as Kothari Bioshakthi Gold and Kothari Neem Power. The company, led by Executive Chairman Dr. Rafiq Ahmed, aims to empower farmers and address challenges related to pests and diseases, offering solutions like drone-based spraying to improve farming practices.

'Semiconductors are new steel to build India’s eco-tech security': CG Power’s Vellayan Subbiah - The Economic Times

Economic Times

Economic Times · 13h ago

'Semiconductors are new steel to build India’s eco-tech security': CG Power’s Vellayan Subbiah - The Economic Times

Vellayan Subbiah, chairman of CG Power, emphasized the critical role of semiconductors, calling them the "new steel," essential for India's economic and technological security. The company aims to enhance India's semiconductor capabilities through owning intellectual property (IP), a significant profit area in the value chain. CG Power's acquisition of Axiro Semiconductor supports this focus. The company's strategy includes developing a domestic ecosystem akin to models in Taiwan, China, and Korea, addressing key industry needs for global competitiveness.

KWIN City: Healthcare startups can cut healthcare costs, says Dr Devi Shetty

Economic Times

Economic Times · 6m ago

KWIN City: Healthcare startups can cut healthcare costs, says Dr Devi Shetty

Dr. Devi Shetty, chairman of Narayana Health, emphasized that integrating healthcare startups in the upcoming KWIN City near Bengaluru can make healthcare services more affordable through economies of scale. Speaking at the Global Investors Meet, he highlighted India's need for more medical professionals and infrastructure. KWIN City is envisioned as a training hub for healthcare professionals, catering to global demands. Additionally, the initiative aims to foster local job opportunities and infrastructure development, such as hotel rooms and schools.

India’s manufacturing model shifting toward IP-led, research-driven production: 3one4 Capital

Economic Times

Economic Times · 4m ago

India’s manufacturing model shifting toward IP-led, research-driven production: 3one4 Capital

India's manufacturing sector is transitioning from traditional scale-driven models to those anchored in intellectual property, research, and automation, per a 3one4 Capital report. The shift toward IP-led and hybrid manufacturing approaches offers quicker commercialization and lower capital needs, appealing to investors. The report projects significant growth in manufacturing gross value added, driven by emerging sectors like semiconductors and aerospace. Rising labor productivity, infrastructure improvements, and global supply chain realignment further bolster India's manufacturing prospects.

Technology company LTIMindtree launches GCC-as-a-Service

IndianStartupNews

IndianStartupNews · 1m ago

Technology company LTIMindtree launches GCC-as-a-Service

LTIMindtree, a global technology consulting firm, has launched GCC-as-a-Service to help organizations establish and scale global capability centers (GCCs), focusing on cost optimization and added value. This service includes Build, Operate, Transform, and Transfer models, tailored to client needs. Highlights include AI-powered talent acquisition, industry-specific transformations, and the BlueVerse AI Ecosystem. The service aims to transform GCCs into innovation hubs, providing strategic transformation and operational support globally.

BPM companies tap growing demand from GCCs to expand - The Economic Times

Economic Times

Economic Times · 1m ago

BPM companies tap growing demand from GCCs to expand - The Economic Times

BPM companies such as Genpact and WNS are targeting global capability centers (GCCs) to offer services that help establish, scale, and digitally transform operations. By acting as transformation partners with a focus on technology and AI, these companies align with GCCs' needs for efficiency and innovation. Hybrid models enable collaboration and coexistence, benefiting both BPMs and GCCs. This trend is further driven by increased digital transformation project enquiries and strategic shifts in BPM service offerings.

How to choose a good mutual fund distributor: A comprehensive guide for investors

Money Control

Money Control · 1y ago

How to choose a good mutual fund distributor: A comprehensive guide for investors

When it comes to wealth-building and managing personal finances, having a sound mutual fund distributor (MFD) is crucial. An MFD with certification and regulatory compliance, knowledge and skills, understanding of your unique needs, capacity and capability to provide a comprehensive investment platform, effective relationship management, ability to guide you during market volatility, and trust and integrity, is essential. Choosing the right MFD is an important step in your wealth-building journey, as they can provide stability, guidance, and support throughout your investment journey. Building a solid foundation with a trustworthy and competent MFD is key to long-term financial success.

PE-backed Unimech Aerospace gets SEBI nod for IPO

VCCircle

VCCircle · 9m ago

PE-backed Unimech Aerospace gets SEBI nod for IPO

Bangalore-based precision engineering company Unimech Aerospace and Manufacturing has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). Backed by private equity firms Steadview Capital, Evolvence India, and the ValueQuest Scale Fund, Unimech aims to raise INR 500 crore ($68 million) through a combination of a fresh issue of shares and an offer-for-sale. The company specialises in manufacturing complex products for industries such as aerospace, defence, energy, and semiconductors, and will use the proceeds from the IPO to purchase machinery, meet working capital needs, and repay debt.

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