India Government To Invest $10 Bn In Chip Manufacturing Units

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Government to invest $10 bn in chip manufacturing units

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IANS | 27/03/2015 01:45 PM |   

RS Sharma, secretary, Department of Electronics and Information Technology (DeitY) said that India provided an exciting hub for electronics investment mainly on account of the surging domestic market and infrastructure, logistics and financial support being provided to the investors, whether they are from India or abroad

 

The government would invest $10 billion in chip manufacturing facilities coming up in Gujarat and Uttar Pradesh, where a consortium of firms are to set up the production bases.

 

"India would also be investing $400 million in developing an Indian version of micro-processor. These are part of the initiatives that are under way to create an eco-system that lays focus on high ended innovation," R.S. Sharma, secretary, Department of Electronics and Information Technology (DeitY) said on Thursday while addressing the first Indian Electronics Expo organised by Electronics and Computer Software Export Promotion Council.

 

A dedicated Electronics Development Fund had been created to leverage the use of venture capital funds to promote more start-ups in the country, he added.

 

Infrastructure for chip manufacturing and designing will be considerably strengthened in India to cater to the growing domestic demand and to cut down the imports in the next few years, he said.

 

Sharma said India provided an exciting hub for electronics investment mainly on account of the surging domestic market and infrastructure, logistics and financial support being provided to the investors, whether they are from India or abroad.

 

He mentioned that Make in India coupled with Digital India program initiated recently by the government, can renew the interest in electronics production in the country and can help India achieve the target set for zero import of electronics into the country by 2020.

 

The expo is attended by over 125 delegates from 26 countries. More than 30 Indian companies are displaying their electronics hardware products at the two-day expo.

 

[donganaaK]

sHa_clap4  sHa_clap4  sHa_clap4

[tom bhayya]

wow good initiative man, software reached saturation point and India has become expensive so better to look for alternatives

[Hyderabad_Nawab]

Antha Baghane Undhi Kaani.. Noru Vippithe e Gujarat e na..

[timmy]

Gujarat & Uttar Pradesh  :3D_Smiles_38:  :3D_Smiles_38:  :3D_Smiles_38:

[lol_lolbob]

south ni M.kudipistunadu gaaaaa Modiiiiii

[dappusubhani]

meanwhile in south India CHIPS manufacturing  @3$% @3$%

 

[vaade_veedu]

Good move but hate to see in Gujarat... anyways I will open one design center in Vizag like apple.. Manufacture chips in Gujarat.. good idea

[ParmQ]

Veella partiality maamulaga ledhu ga. Papam..ninnane news lo choosa.. Recent changes to taxes, GST and 14th Finance commission Tamil Naadu will loose tRs 35,485 crore anta. Andhra and other southern state kooda unnayi dheentlo..but the biggest looser will be Tamil Naadu.

 

And see the share of service tax and share of states will get in the 14th finance commission.

 

 

 

 

14th Finance commission shares for state here.

 

 

Ee BJP Govt vallaka full gain ayyedhi Gujarat, UP, Bihar, Maharastra and J&K. Ekkuva countribute chesedhi Southern states. Look at the whole thing objectively vayyas. First nundi nenu motthukuntunte...naa meedha padi edusthaaru...meekante naaku ekkuve undedhi..patriotism..bongu boshanam. Nevertheless, its a good move to invest in Chip manufacturing.

[Swathi1]

Good move but hate to see in Gujarat... anyways I will open one design center in Vizag like apple.. Manufacture chips in Gujarat.. good idea

maaya naaku job isthava

[donganaaK]

Veella partiality maamulaga ledhu ga. Papam..ninnane news lo choosa.. Recent changes to taxes, GST and 14th Finance commission Tamil Naadu will loose tRs 35,485 crore anta. Andhra and other southern state kooda unnayi dheentlo..but the biggest looser will be Tamil Naadu.

 

And see the share of service tax and share of states will get in the 14th finance commission.

 

 

 

 

 

Ee BJP Govt vallaka full gain ayyedhi Gujarat, UP, Bihar, Maharastra and J&K. Ekkuva countribute chesedhi Southern states. Look at the whole thing objectively vayyas. First nundi nenu motthukuntunte...naa meedha padi edusthaaru...meekante naaku ekkuve undedhi..patriotism..bongu boshanam. Nevertheless, its a good move to invest in Chip manufacturing.

 

ah graph chudu man ,... BJP vaallu next vaalla party ni ey states lo strong cheyyali ankuntunnaro ah order lo sort chesinattu undi ... in the order of their immediate priority  @3$%

[ParmQ]

ah graph chudu man ,... BJP vaallu next vaalla party ni ey states lo strong cheyyali ankuntunnaro ah order lo sort chesinattu undi @3$%

 

Yeah..true.. at the expense of southern states development. Southern state tax contribution ni veella politics ki use chesthunnaaru ani.

[ParmQ]

Good move but hate to see in Gujarat... anyways I will open one design center in Vizag like apple.. Manufacture chips in Gujarat.. good idea

 

Baa naaku kooda oka job isthava?

[donganaaK]

Yeah..true.. at the expense of southern states development. Southern state tax contribution ni veella politics ki use chesthunnaaru ani.

 

though i think its kinda bad at the same time i think its equally important to decimate mulayam/ mayawati govt in UP , nitish/lalu govt in Bihar , mamata govt in WB ....

 

veella peeda pothey thappa mana country koncham aina baagupadadu ...

[vaade_veedu]

maaya naaku job isthava

 

 

Baa naaku kooda oka job isthava?

 

 

Resume fowrard cheyyandi man company pettaka ... we'll get back to you