India’s semiconductor ambitions are entering a new phase. The Union Cabinet on July 15 approved the second phase of the India Semiconductor Mission (ISM 2.0) with a ₹1.27 lakh crore outlay — nearly 1.7 times the ₹76,000 crore allocated under the first phase. But the significance of ISM 2.0 lies not just in the size … Read more
India can offer semiconductor companies cost savings of more than 10% compared with their current global locations, Amitesh Kumar Sinha, CEO of the India Semiconductor Mission (ISM), told CNBC-TV18. The cost advantage could come from a combination of government incentives that reduce capital expenditure, lower manpower costs, competitive power tariffs and the development of a … Read more
AirTrunk, a data center company backed by Blackstone and the Canada Pension Plan Investment Board (CPPIB), plans to invest more than $30 billion (₹3 lakh crore) to build over 5GW of data center capacity in India by 2030. According to the company, the proposed program ranks among the largest digital infrastructure initiatives under consideration in … Read more
Former G20 Sherpa and ex-NITI Aayog CEO Amitabh Kant believes artificial intelligence, data centers and semiconductor manufacturing will shape India’s next phase of economic growth, as the country positions itself for a major technological transformation over the coming decade. Speaking to CNBC-TV18, Kant said India must move aggressively to build the infrastructure needed to support … Read more
The Finance Ministry has cleared an allocation of over ₹1 lakh crore for the second phase of the India Semiconductor Mission (ISM 2.0), sources told CNBC-TV18. Following the approval, the government is likely to move a Cabinet note soon to seek final clearance. The proposal is expected to be placed before the Cabinet for consideration … Read more
Prime Minister Narendra Modi will inaugurate Kaynes Semicon’s Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand on Tuesday, March 31, in a move aimed at strengthening India’s semiconductor ecosystem. The project, cleared by the Union Cabinet on September 23, 2024, under the India Semiconductor Mission, involves an investment of ₹3,300 crore. The OSAT unit … Read more
