A new semiconductor package is expected. What is the likely outlay? The Ministry of Electronics should be able to get sanction on Phase II in the next few months. All the parties are ready.
Maharashtra will have one silicon fab, Uttar Pradesh will have two, and there will be one small fab in Karnataka and one in Odisha. All these proposals are on the table. The good news is, there is a lot of interest. The first phase was $10 billion, and the second will be nearly the same.
In addition to the huge amount of money taxpayers are paying for setting up these plants, state governments are also participating. Many state governments have come up with semiconductor policies. In a manner, close to 70 per cent of the capex will be paid by taxpayers. So we are well on our way to creating a semiconductor programme.
The missing piece is the front-end. You will have a lot of these plants coming up in the next four years. But who will be the customer? Exports are not easy because every country is putting up fabs.
This story is from the November 15, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 15, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
At 122, harmful AQI days in 2024 six more than last year
Number of days with air AQI between 0 and 200 in Delhi has stood at 201 this year so far
Cricket's heavyweights pad up for pitch-perfect battle Down Under
\"Hello, and welcome to all our international viewers to the WACA Ground in Perth..,' For many, the understated, mellow Voice of Richie Benaud served as a window into a distant land where cricket was loud, aggressive, and played in colossal amphitheatre-like stadia.
Govt prepares logistics plan for metros to tackle traffic, pollution
The Centre has prepared a 'City Logistics Plan' for metros such as Delhi and Bengaluru for efficient freight and logistics movement within the city, a senior official of the Department for Promotion of Industry and Internal Trade (DPIIT) said on Wednesday.
NOT SO HOT ON HYBRID
A new report says EVs ancl CNG vehicles will outpace hybrids byfar
Voltas Well placed to improve market share
Analysts positive on volume-led growth that will reflect in stock price
Domestic business, lower guidance to weigh on PI Industries
PI Industries reported a revenue growth of 5 per cent year-on-year (Y-o-Y) in Q2FY25, led by a surge in the custom synthesis and manufacturing (CSM) segment and the export business, which posted 10 per cent growth.
CIEL HR files draft papers, eyes ₹335 crore via fresh issue
Chennai-based CIEL HR Services, which provides technology-driven human resources solutions, on Wednesday filed a draft red herring prospectus with markets regulator Sebi to raise funds through initial public offering (IPO).
Maharashtra poll results unlikely to move markets
The outcome of the Maharashtra Assembly elections is unlikely to shake domestic markets that have other bigger developments to worry about, according to analysts.
Period of easy returns now over, taper expectations: Motilal Oswal
The period of easy returns where rising tide lifts all boats is likely over, Motilal Oswal Private Wealth said in a recent note, citing the likelihood of a moderation in corporate earnings growth in the coming years.
SMEs voice concern over tighter IPO norms
Sebi has proposed an overhaul of SME IPO rules to curb fund diversion and malpractices