Topic
chip manufacturing
Union Cabinet Approves Rs 1.9 Lakh Crore Schemes to Boost India's Chip and Mobile Phone Manufacturing
The Union Cabinet approved two schemes totaling Rs 1.9 lakh crore: Semicon 2.0 (Rs 1,27,500 crore) for semiconductor fabrication, advanced packaging, materials, equipment, and design; and the Mobile Phone Manufacturing Scheme (Rs 62,500 crore) with sales-linked incentives and additional domestic sourcing benefits. The government targets a $500 billion electronics manufacturing industry by 2030-31.
The biggest hurdle in India's chip race isn't the plan—it's execution
India's semiconductor strategy, while ambitious, faces significant execution challenges including over 90% import reliance for manufacturing equipment and specialty chemicals, a shortage of manufacturing-specific talent, and gaps in the domestic supply chain, according to a report by Equirus Securities.
India's Jewar Set to Become Chip Manufacturing Hub with Rs 6,750 Crore Investments, Says Minister Ashwini Vaishnaw
Union Electronics Minister Ashwini Vaishnaw announced two electronics manufacturing projects totaling Rs 6,750 crore in Jewar, Uttar Pradesh, which are expected to generate 3,000 jobs. The projects focus on advanced multi-layer PCBs and HVAC components, aiming to transform Jewar into a 'Silicon Valley of North India' and reduce India's dependence on imported PCBs worth Rs 40,000 crore annually.