FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo
NEW DELHI (Reuters) -India gave the go-ahead to construction of three semiconductor plants worth 1.26 trillion rupees ($15.2 billion) by firms including Tata Group and CG Power on Thursday, as the country pursues its goal of becoming an electronics powerhouse.
India, which is seeking to rival countries such as Taiwan in chipmaking, expects its semiconductor market to be worth $63 billion by 2026, but does not yet have a chipmaking facility.
Prime Minister Narendra Modi wants to make India a chipmaker for the world as his government tries to overcome setbacks faced in its bid to offer $10 billion in incentives to the industry.
Indian Electronics Minister Ashwini Vaishnaw said construction will begin on the plants within the next 100 days, adding that they will manufacture and package chips for sectors including defence, automobiles and telecommunication.
“This is a big decision for the country and a key accomplishment towards making India a self-dependent country,” Vaishnaw told reporters.
He did not give updates on other key chipmaking applicants, including Indian conglomerate Vedanta, Taiwan’s Foxconn and Israel’s Tower Semiconductor.
Tata will partner with Taiwan’s Powerchip to set up India’s first chipmaking plant worth 910 billion rupees in Gujarat state’s Dholera, he said, while CG Power will partner with Japan’s Renesas Electronics Corp and Thailand’s Stars Microelectronics for a 76 billion rupees chip packaging plant, also in Gujarat.
A third chip packaging plant worth 270 billion rupees will be set up in the eastern state of Assam by Tata unit Tata Semiconductor Assembly and Test Pvt Ltd, Vaishnaw added.
($1 = 82.9061 Indian rupees)
(Reporting by Shivam Patel in New Delhi; Editing by YP Rajesh and Alexander Smith)
News Related
-
-
-
FILE PHOTO: A man walks in the Central Business District on a rainy day, in Beijing, China, July 12, 2023. REUTERS/Thomas Peter/File Photo By Joe Cash, Ellen Zhang and Kane Wu BEIJING/HONG KONG (Reuters) – U.S. furniture company head Jordan England thinks his firm’s Chinese suppliers are among the best ...
See Details:
Analysis-West's de-risking starts to bite China's prospects
-
Independent senators are trying a parliamentary tactic last successful 90 years ago to give first responders PTSD protections and end domestic violence discrimination in the workplace. Senators Jacqui Lambie and David Pocock took four elements of Labor’s larger workplace law reform bill and it passed the Senate against the government’s ...
See Details:
'Beyond a joke' Labor won't ensure PTSD protections: MP
-
-
-
-
Photograph: Rod McGuirk/AP The stateless Rohingyan refugee who successfully overturned the legality of indefinite immigration detention was accidentally named in documents published by the high court. The man was identified by his surname in a home affairs department email providing an internal update about the case, which was among documents ...
See Details:
Rohingyan refugee NZYQ accidentally named in documents published by high court
-
Photograph: Rod McGuirk/AP The stateless Rohingyan refugee who successfully overturned the legality of indefinite immigration detention was accidentally named in documents published by the high court. The man was identified by his surname in a home affairs department email providing an internal update about the case, which was among documents ...
See Details:
Colorado loses commitments of 2 more high school recruits
-
Photograph: Rod McGuirk/AP The stateless Rohingyan refugee who successfully overturned the legality of indefinite immigration detention was accidentally named in documents published by the high court. The man was identified by his surname in a home affairs department email providing an internal update about the case, which was among documents ...
See Details:
Queensland Health issues urgent patient safety alert over national bacteria outbreak
-
Photograph: Rod McGuirk/AP The stateless Rohingyan refugee who successfully overturned the legality of indefinite immigration detention was accidentally named in documents published by the high court. The man was identified by his surname in a home affairs department email providing an internal update about the case, which was among documents ...
See Details:
Townsville Community Pantry 'distressed' by fruit, vegetable waste at Aldi supermarket
-
Photograph: Rod McGuirk/AP The stateless Rohingyan refugee who successfully overturned the legality of indefinite immigration detention was accidentally named in documents published by the high court. The man was identified by his surname in a home affairs department email providing an internal update about the case, which was among documents ...
See Details:
What Is The Beaver Moon And What Does It Mean For You?
-
Photograph: Rod McGuirk/AP The stateless Rohingyan refugee who successfully overturned the legality of indefinite immigration detention was accidentally named in documents published by the high court. The man was identified by his surname in a home affairs department email providing an internal update about the case, which was among documents ...
See Details:
Labor senator Pat Dodson to resign from politics due to health issues
-
Photograph: Rod McGuirk/AP The stateless Rohingyan refugee who successfully overturned the legality of indefinite immigration detention was accidentally named in documents published by the high court. The man was identified by his surname in a home affairs department email providing an internal update about the case, which was among documents ...
See Details:
Hamas releases 11 more hostages, as Israel agrees to extend ceasefire
OTHER NEWS
Disrupt Burrup Hub group say police have issued move-on notices prohibiting access to the WA site. A group of climate activists and filmmakers say their phones have been seized during ...
Read more »
As individuals, we have unique experiences that affect our mental health and wellbeing, but what about the collective experiences that influence each generation? The mental health of Australians has been ...
Read more »
Syed Ghazaly wants to see the Geraldton abattoir reopen early next year to process 1,000 sheep a day. (ABC Mid West Wheatbelt: Chris Lewis) The new owners of a mothballed ...
Read more »
Carlton coach Michael Voss says he and his players understand there are heightened expectations on them, but insists the Blues are ready to develop individually and in their game plan. ...
Read more »
The Bulldogs’ off-season signing frenzy is set to continue with the club reportedly set to land Cronnor Tracey in a swap deal. The Sydney Morning Herald reports Tracey is expected ...
Read more »
Consumers and impacted businesses are being urged to have their say on the Optus outage, with the federal government laying out the terms of reference for its review into the ...
Read more »
It has been revealed a released immigration detainee is unable to be contacted by authorities. Border Force has referred the matter to the Federal Police as authorities are attempting to ...
Read more »