CapEx News

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

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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

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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

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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

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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

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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

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