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India’s Semicon Mission likely to get a fiscal helpline for 8 years

Economic Times

Economic Times · 11m ago

India’s Semicon Mission likely to get a fiscal helpline for 8 years

The Indian government is considering extending the fiscal support period under the second phase of the India Semiconductor Mission (ISM) to eight years from the current five years. Applicants whose projects get approval under ISM Phase-II may receive additional financial grants for skill training, an option for an interest-free loan, and help from the Ministry of Electronics and Information Technology. However, financial support for technology transfer costs may be withdrawn, and the outlay for administrative expenses may be increased. The ISM is likely to receive a second budgetary allocation of up to $10 billion.

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Semiconductor Programme To Focus On Chip Design: Vaishnaw

Inc42 · 1y ago

Semiconductor Programme To Focus On Chip Design: Vaishnaw

India's semiconductor programme, Semicon, is set to produce at least 10 chipsets entirely within the country, including design, fabrication, and packaging. Union Minister of Electronics and Information Technology, Ashwini Vaishnaw, revealed plans for the second version of Semicon, which aims to develop the chip design ecosystem and strengthen India's position in the semiconductor industry. The government also hopes to manufacture the necessary equipment for semiconductor production and gases required in chip fabrication plants domestically. The push for a thriving semiconductor ecosystem in India has resulted in increased startup activity, and tech giant Nvidia has pledged support for the IndiaAI Mission.

Can Kaynes Supercharge India’s Chip Manufacturing Ambitions?

Inc42 · 9m ago

Can Kaynes Supercharge India’s Chip Manufacturing Ambitions?

Kaynes Semicon is looking to capitalize on the booming semiconductor industry by providing chips for various sectors, including automotive, consumer electronics, and telecom. The company has already signed letters of intent with four clients and has six more in the works. With an upcoming plant, Kaynes Semicon aims to produce 100 million semiconductor packages within the next one to two years.

UP Bags INR 40K Cr Commitments Under Semiconductor Policy

Inc42 · 1y ago

UP Bags INR 40K Cr Commitments Under Semiconductor Policy

Hiranandani Group's subsidiary Tarq Semiconductor has proposed an investment of INR 28,440 Cr in Uttar Pradesh, while Kaynes Semicon plans to invest INR 4,248 Cr. These projects are estimated to generate over 32,000 job opportunities. Under the UP Semiconductor Policy 2024, both companies are eligible for a 50% capital subsidy in addition to the subsidy provided by the Indian government through the India Semiconductor Mission.

Axiom-4 Mission: Creating our own space - The Economic Times

Economic Times

Economic Times · 1m ago

Axiom-4 Mission: Creating our own space - The Economic Times

Axiom Mission 4 involves Indian astronaut Shubhanshu Shukla, who will conduct over 60 microgravity experiments on the ISS, aiding India’s Gaganyaan program and future space efforts. These include biology studies and technological advancements crucial for long-term space sustainability. This mission supports India's strategic space ambitions, including establishing its own space station and moon missions by 2040. The mission marks a significant step in India’s integrated role in global space exploration.

Suchi Semicon begins chip plant without Centre’s incentive, plans $100 mn investment in 3 yrs

Livemint

Livemint · 7m ago

Suchi Semicon begins chip plant without Centre’s incentive, plans $100 mn investment in 3 yrs

Gujarat-based company Suchi Semicon has commenced semiconductor production without the Centre's incentives and plans to invest $100 million over three years. The company has already applied for incentives but is determined to proceed with its business plans regardless. They have received approval from the state government for a 20% incentive. The company has already started trial production and expects commercial shipments to begin in Q1 2021. Suchi Semicon also plans to enter the power semiconductor sector in the next financial year. The company is in advanced discussions with technology partners and anticipates signing a memorandum of understanding soon.

ISS leak halts Axiom-4, Musk wants station de-orbited: Now here's what ISRO is doing about Shubhanshu Shukla’s mission

Economic Times

Economic Times · 1m ago

ISS leak halts Axiom-4, Musk wants station de-orbited: Now here's what ISRO is doing about Shubhanshu Shukla’s mission

The Indian Space Research Organisation (ISRO) prioritizes astronaut safety amidst a leak on the International Space Station (ISS). Elon Musk, highlighting the ISS's aging, suggests de-orbiting it within two years, although NASA plans retirement by 2031. The Axiom-4 mission, involving Indian astronaut Shubhanshu Shukla, is delayed due to technical issues, impacting India’s human spaceflight aspirations. ISRO collaborates with Axiom Space, NASA, and SpaceX on resolving the current challenges, underscoring safety and mission integrity.

Five approved semiconductor units across India and projects in pipeline

Economic Times

Economic Times · 11m ago

Five approved semiconductor units across India and projects in pipeline

India Semiconductor Mission (ISM) has approved five semiconductor units to receive subsidies from the central and state governments. These units include Micron Technology, Tata Electronics Private Limited in partnership with Powerchip Semiconductor Manufacturing Corp, Tata Semiconductor Assembly and Test Pvt Ltd, CG Power in partnership with Renesas Electronics Corporation and Stars Microelectronics, and Kaynes Semicon. These units will generate employment opportunities in various industries and accelerate the development of the semiconductor ecosystem in India. Additionally, there are projects in the pipeline from Tower in partnership with Adani, Suchi Semicon, Foxconn Technology Group and HCL Group, and ASIP and APACT Limited. Tarq Semiconductors, owned by Hiranandani Group, has also sought approval for its facilities.

112 D2C brands that are disrupting India’s consumer market

Inc42 · 1y ago

112 D2C brands that are disrupting India’s consumer market

India’s direct-to-consumer (D2C) market, which is likely to reach a size of $100 billion by 2025, has grown exponentially in the last few years. Several factors including the covid pandemic, higher internet penetration, growth of digital infrastructure and rise in the number of millennials, among others, have shored up the D2C brands.

Norms unveiled to fire up electronics parts manufacturing in India

Economic Times

Economic Times · 3m ago

Norms unveiled to fire up electronics parts manufacturing in India

The Indian government launched a Rs 23,000-crore scheme to boost electronics components manufacturing, enhancing domestic value in the industry. With applications open from May, the plan aims for India to increase its global electronic market share from 3% to 8% over six years. It seeks Rs 59,350 crore in new investments and 91,600 jobs. The initiative includes incentives for turnover and capital expenditure, vital for expanding India’s electronics ecosystem globally.

"Stepping stone for Gaganyaan": Retd Air Commodore Ravish Malhotra on Axiom-4 mission

Economic Times

Economic Times · 1m ago

"Stepping stone for Gaganyaan": Retd Air Commodore Ravish Malhotra on Axiom-4 mission

Air Commodore Ravish Malhotra (retd), associated with the 1984 Indo-Soviet space mission, emphasized the importance of the upcoming Axiom-4 mission, featuring Group Captain Subhanshu Shukla and others, as a significant milestone for India’s Gaganyaan mission. Shukla, set to become the second Indian in space, trained extensively in Russia and the US, symbolizing hope for 1.4 billion Indians. The mission marks crucial Indo-US space collaboration, alongside astronauts from Poland and Hungary.

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