Cabinet Approves Two Semiconductor Units In Gujarat
The Union Cabinet approved two semiconductor projects under the India Semiconductor Mission, including the country's first commercial Mini/Micro-LED display plant based on Gallium Nitride (GaN) technology and an outsourced packaging facility. The projects are to be developed in Gujarat by Crystal Matrix Limited and Suchi Semicon Private Limited and will form part of a push to build domestic compound semiconductor and packaging capacity. The Cabinet indicated the combined investment for the two projects is around Rs 39.36 billion (bn). Crystal Matrix will establish an integrated compound semico..
Cabinet Approves Emergency Credit Line Guarantee Scheme 5.0
The Union Cabinet has approved the Emergency Credit Line Guarantee Scheme 5.0 (ECLGS 5.0) to provide targeted credit support to Indian airlines and micro, small and medium enterprises (MSMEs) amid operational disruptions linked to the West Asia situation. The scheme allocates Rs 2.55 tn of additional credit flow, of which Rs 50 bn has been earmarked for airlines, and will be implemented by Member Lending Institutions (MLIs) with guarantee cover from National Credit Guarantee Trustee Company Limited (NCGTC). ECLGS 5.0 extends 100 per cent guarantee cover for MSMEs and 90 per cent for non-MSMEs ..
Euro Panel Products Marks 25 Years, Enters Sealants Segment with New Subsidiary
Euro Panel Products Limited (Eurobond), India’s only publicly listed Aluminium Composite Panel (ACP) brand, has marked its 25th year by diversifying into the sealants segment through the incorporation of a new majority-owned subsidiary, Euro Sealant Private Limited. The company said the move is aimed at expanding its presence beyond architectural panels and tapping into the growing demand for high-performance sealants used across the construction and building materials sector. According to industry estimates shared by the company, the India sealants market was valued at INR 3,232 crore in 20..

