New Delhi, March 27 (IANS) 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.
The main reason for Sarfaraz Khan's drop from the Test team is something else, big disclosure in the reports
BCCI Official on Sarfaraz Khan Dropped out from Test Team for West Indies Tour. Ever since the announcement of the Indian Test team for the West Indies tour, questions are being raised on the
Pakistan on a pile of gunpowder: Army's worst round; Shahbaz politically surrounded
In Pakistan, the political mercury has heated up amidst the knock of winter. Political developments are changing after the attack on former PM Imran Khan. Pakistan's army is going through its worst
ENG vs NZ: Kane Williamson was ruled out of the second Test against England after being found COVID-19 positive
Kane Williamson Covid-19 Positive: The second Test match between England and New Zealand is to be played from today i.e. June 10 at Trent Bridge, Nottingham. Before this match, bad news has come out
Please Don't Make Education Campuses "Battlefield For Politics": Smriti Irani’s Verdict On JNU Attack
Sunday's huge bloody violence at Delhi's Jawaharlal Nehru University (JNU) shocked every people in Indian and finally came up with a huge political row, prompting leaders from across parties to also
Oppo Reno 3A launched in the mid range segment, will compete with Vivo
New Delhi: China's smartphone company Oppo has launched its latest smartphone Reno 3A in Japan. It has been launched in the mid-range segment. In the Reno series, the company has also introduced Reno
Players who can turn matches alone: Surya of India, Rizwan of Pakistan... 10 game changers of World Cup
The world's top 16 teams are ready to participate in the T20 World Cup starting October 16 in Australia. There are many players from these teams who have come into the tournament with great form. At
Weather Report Today: It will rain in these areas today, the humidity is haunting here, know the weather condition
The wait for monsoon in North and West India has become longer. With several weather systems being active, there is a possibility of good rainfall in the next one or two days. Light rain is expected
Pakistani generals insist on early elections to appoint new army chief
Many rumors are going on about who will be the next Army Chief. There is already a tense atmosphere in the political circles since the ouster of former PM Imran Khan. However, the army does not seem
Taliban leader Mullah Baradar named among TIME magazine's 100 most influential people
TIME magazine 2021 has released its list of the 100 most influential people in the world. It also includes a name that has surprised everyone. Mullah Abdul Ghani Baradar, the deputy prime minister in
279 new cases of corona came in India within 24 hours, and the number of active cases in the country is 4855
In the last 24 hours, 279 new cases of coronavirus have been reported in India. The total number of active cases of corona in the country has increased to 4,855. According to the Union Health