Semiconductor manufacturing to install within 2-3 years: IT minister
Technology

Semiconductor manufacturing to install within 2-3 years: IT minister

Minister of Electronics & Information Technology Ashwini Vaishnaw told the media that a decision as complex as installing semiconductor manufacturing in India has a timeframe of 2-3 years, and as India’s ambitious scheme progresses, more global names are likely to come in.

Stipulating that only four months have passed since the programme to invite semiconductor manufacturers to establish a base in India was launched, He also talked about how the federal government plans to promote home producers to build capability in this area.

Various giant names from the semiconductor area are yet lacking from the programme, but they will be used.

Almost all world majors have now included India as a core focus of their business plans. For any such complicated and massive funding resolution, globally, the expertise has been that the timeframe for them has been 2-3 years.

As it progresses, there should always be extra names coming in. It’s only been four months since the programme was launched, and there’s been a great improvement. The programme had room for each massive and mid-sized business developing expertise within the area. Design companies have established a wonderful response — now the ministry has magnificent responses from innovators, kids, and startups in keeping with the expectations.

Prime Minister Narendra Modi said that this could be a 20-plus-year plan. This is one thing that would be the grounds of the financial system. For this era, that is as necessary as we thought of electrical energy 20 years ago. So it will be a long-term programme, and as the ministry explores this primary programme, they are going to tweak it and take it forward.

Image Source

Also read: India to consume $80 bn semiconductors to produce $300 bn electronic

Minister of Electronics & Information Technology Ashwini Vaishnaw told the media that a decision as complex as installing semiconductor manufacturing in India has a timeframe of 2-3 years, and as India’s ambitious scheme progresses, more global names are likely to come in. Stipulating that only four months have passed since the programme to invite semiconductor manufacturers to establish a base in India was launched, He also talked about how the federal government plans to promote home producers to build capability in this area. Various giant names from the semiconductor area are yet lacking from the programme, but they will be used. Almost all world majors have now included India as a core focus of their business plans. For any such complicated and massive funding resolution, globally, the expertise has been that the timeframe for them has been 2-3 years. As it progresses, there should always be extra names coming in. It’s only been four months since the programme was launched, and there’s been a great improvement. The programme had room for each massive and mid-sized business developing expertise within the area. Design companies have established a wonderful response — now the ministry has magnificent responses from innovators, kids, and startups in keeping with the expectations. Prime Minister Narendra Modi said that this could be a 20-plus-year plan. This is one thing that would be the grounds of the financial system. For this era, that is as necessary as we thought of electrical energy 20 years ago. So it will be a long-term programme, and as the ministry explores this primary programme, they are going to tweak it and take it forward. Image Source Also read: India to consume $80 bn semiconductors to produce $300 bn electronic

Next Story
Infrastructure Transport

NHAI to Upgrade Tamil Nadu Highways

To reduce congestion on key national highways in Tamil Nadu, the National Highways Authority of India (NHAI) has planned capacity upgrades for at least eight highway stretches. The improvements will include bypasses, flyovers, and four-laning in Salem, Coimbatore, Tiruppur, Nilgiris, and Cuddalore. NHAI has invited tenders to appoint consultants for preparing detailed project reports (DPRs) on these expansions. The affected highways include NH-181, NH-81, NH-532, NH-85, and NH-136. Proposed Upgrades Across Highways - NH-181 (Coimbatore-Gundlupet Route): This stretch will see four bypasses an..

Next Story
Infrastructure Transport

Ludhiana-Bathinda Highway Revived as NHAI Invites Bids

The Ludhiana-Bathinda highway project, initially stalled due to land acquisition issues, has been revived as the National Highways Authority of India (NHAI) invites fresh bids to resume construction. The project, part of the Ludhiana-Ajmer Economic Corridor, is estimated to cost Rs 24.61 billion and will be executed in two phases. Package 1, covering 30.03 km, has a budget of Rs 9.06 billion, while Package 2, spanning 45.25 km, is set to cost Rs 15.55 billion. The NHAI had previously withdrawn the project due to unavailability of land. However, intervention from Union Minister for Road Trans..

Next Story
Infrastructure Urban

Dilip Buildcon Wins Rs 460M Arbitration

Infrastructure major Dilip Buildcon has secured an arbitration award of Rs 460 million against the National Highways Authority of India (NHAI) over delays and breaches during the execution of a highway project in Karnataka. The dispute pertains to the Rehabilitation and Upgradation of the Kerala Border to Kollegala Section of NH 212, awarded to Dilip Buildcon under an Engineering, Procurement, and Construction (EPC) agreement dated June 6, 2014. The project involved two-lane expansion with paved shoulders and four-lane development under the National Highways Development Project (NHDP) Phase IV..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?