Semiconductor manufacturing to install within 2-3 years: IT minister

03 May 2022 CW Team

Minister of Electronics & Information Technology Ashwini Vaishnaw told the media that a decision as complex as installing semiconductor manufacturing in India has a timeframe of 2-3 years, and as India’s ambitious scheme progresses, more global names are likely to come in.

Stipulating that only four months have passed since the programme to invite semiconductor manufacturers to establish a base in India was launched, He also talked about how the federal government plans to promote home producers to build capability in this area.

Various giant names from the semiconductor area are yet lacking from the programme, but they will be used.

Almost all world majors have now included India as a core focus of their business plans. For any such complicated and massive funding resolution, globally, the expertise has been that the timeframe for them has been 2-3 years.

As it progresses, there should always be extra names coming in. It’s only been four months since the programme was launched, and there’s been a great improvement. The programme had room for each massive and mid-sized business developing expertise within the area. Design companies have established a wonderful response — now the ministry has magnificent responses from innovators, kids, and startups in keeping with the expectations.

Prime Minister Narendra Modi said that this could be a 20-plus-year plan. This is one thing that would be the grounds of the financial system. For this era, that is as necessary as we thought of electrical energy 20 years ago. So it will be a long-term programme, and as the ministry explores this primary programme, they are going to tweak it and take it forward.

Image Source

Also read: India to consume $80 bn semiconductors to produce $300 bn electronic

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..