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UK-based firm plans to establish semiconductor unit in Odisha
Manufacturing - Jul 03,2023
UK corporation SRAM & MRAM plans to invest Rs 30,000 crore in Odisha, India, to construct a semiconductor production facility. The company signed a memorandum of understanding with the state governmen .

Finance Ministry approves Rs 56,000 crore in capex assistance
Manufacturing - Jul 03,2023
The Ministry of Finance has approved the "Special Assistance to States for Capital Investment 2023-24" scheme, which will provide 16 states with a capital investment of Rs 56,415 crore for various pro .

GIDA gears up to allocate 253 industrial plots
Manufacturing - Jul 03,2023
The Gorakhpur Industrial Development Authority (GIDA) aims to accelerate the establishment of industries to achieve a trillion-dollar economy within five years. GIDA plans to allocate 253 industrial p .

Gujarat govt inks deal for semiconductor assembly and testing plant at Sanand
Manufacturing - Jun 29,2023
The Gujarat government and Micron signed an MoU for a $2.75 billion semiconductor assembly and testing plant in Sanand. The plant aims to address India's reliance on imported semiconductor chips .

Chinese firm to form JV With Telangana-based company
Manufacturing - Jun 29,2023
Resojet Pvt Ltd and TCL Electronics Holding Limited are forming a joint venture to establish a state-of-the-art consumer electronics manufacturing plant in Telangana, India. The memorandum of underst .

Prominent JV resubmits application to establish manufacturing unit incentives
Manufacturing - Jun 28,2023
The Vedanta-Foxconn joint venture has resubmitted an application to establish a chip manufacturing facility in India. Their previous application failed to qualify for financial incentives due to a lac .

Government approves $2.7 bn semiconductor packaging plant in Gujarat
Manufacturing - Jun 23,2023
Micron Technology has received approval from the Indian cabinet to invest $2.7 billion in a semiconductor testing and packaging facility in Gujarat. The government will provide production-linked ince .