Cabinet Approves Rs 3.7 Billion Semiconductor Plant in Jewar

21 May 2025 CW Team

The Union Cabinet has approved a semiconductor manufacturing facility worth Rs 3.706 billion in Jewar, Uttar Pradesh. The project is a joint venture between HCL and Foxconn, aimed at producing display driver chips for mobile phones, laptops, and vehicles.

The upcoming unit will process twenty thousand wafers each month and produce around 36 million chips. It will be the sixth semiconductor facility approved in India, and will manufacture advanced chips essential for electronics and automotive sectors.

The new plant is expected to begin operations by 2027 and generate direct employment for about two thousand individuals. Currently, India’s electronics manufacturing industry employs approximately 2.5 million people, and the project is expected to significantly boost job creation.

Foxconn, a key global electronics manufacturer, is known for supplying major companies like Apple. The facility will also contribute to Foxconn’s global supply chain while catering to domestic demand.

The government sees this project as a foundation for future display panel manufacturing in India, supporting its goal to reduce import dependence and build a robust semiconductor ecosystem.

Source:Millennium Post

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..