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 Energy

NTPC Signs $11.5 Billion Clean Energy Deals in Chhattisgarh

Juniper Green Energy has successfully commissioned a 100-MW solar power project aimed at supplying electricity to Bhutan, marking a significant milestone in regional energy integration. According to the company's statement, the project facilitates a crucial cross-border agreement allowing Bhutan to receive 50% of the power generated during the winter months. This arrangement permits Bhutan to directly import power from an Indian generator under an established bilateral trade framework. Located in Rajasthan, the solar project contributes a total generation capacity of 100 MW. Highlighting the..

Next Story
Infrastructure Energy

Juniper Green Commissions 100-MW Solar Project for Bhutan

The New Delhi Municipal Council (NDMC) held its first council meeting since the Delhi Assembly polls focusing on a comprehensive Summer Action Plan aimed at achieving 100% solar energy adoption by 2026. The meeting, led by MP Bansuri Swaraj, began with the swearing-in of three new NDMC members — Delhi Minister and New Delhi MLA Parvesh Sahib Singh, Delhi Cantt. MLA Virender Singh Kadian, and Ravi Kumar Arora, Additional Secretary of the Ministry of Housing and Urban Affairs. Solar Energy Push NDMC Vice Chairman Kuljeet Singh Chahal announced the civic body's ambitious solar energy plans, ..

Next Story
Infrastructure Energy

NDMC Pushes for 100% Solar Energy by 2026

Mumbai-based energy storage startup AmpereHour Energy has raised $5 million from Avaana Capital, with participation from UC Impower and other angel investors. Founded in 2017 by IIT Bombay alumni, AmpereHour Energy focuses on building AI/ML-enabled Energy Storage Systems ranging from kW/kWh scale systems for Mini-grids to MW/MWh scale systems compatible with solar PV and wind plants. The systems are designed to be plug-and-play, integrated with the company’s proprietary Energy Management platform, Elina. The fresh capital will be directed towards expanding manufacturing and software capabi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?