Govt to allot Rs 76,000 cr for development of semiconductors

22 Dec 2021 CW Team

The centre has cleared a Rs 76,000 crore scheme for semiconductors, aiming to make India a global electronic hub as the shortage of microchips disrupts industrial production.

The government will provide a Rs 76,000 crore incentive for the development of the semiconductors and display manufacturing ecosystem in the next six years.

The government said this project would bring a new era in electronics manufacturing by providing a global competitive incentive package to semiconductor and display manufacturing companies. It expects to make India a leader in technologies and economic self-reliance.

Under the project, the government would increase 50% of the projects' cost to eligible display and semiconductor fabrications.

It will convey huge investments in the country and 35,000 specialized jobs with indirect employment for one lakh people.

The government will work with the state to establish high-tech clusters regarding land, semiconductor grade water, high-quality power, logistics and research to approve applications for installing two greenfield semiconductor fabrications and two display fabrications in India. It also plans to set up 15 units of Compound Semiconductors and Semiconductor Packaging.

According to a report, the project will include provision for 25% incentives on capital expenditure to set up a Compound Semiconductor Wafer Fabrication unit, assembly, testing and packing facility.

Image Source

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..