Page 3 - Tata Electronics News Today

The Tata Group chairman laid out his vision in a gathering of Tata group leaders and urged group chief executives to intensify efforts in propelling growth and fostering additional momentum across key sectors

Budget For Semiconductors: “The new package would be one of the key agendas for the new govt and will be taken up on a priority basis,” one of the sources said, pointing out that new proposals that are coming in for semiconductors necessitate a fresh package.

The 76,000-crore incentive package was launched in December 2021 to support companies making semiconductors and investing in them. That amount has been nearly exhausted, necessitating a fresh boost for Indias big chip plan. And indications are that the coming plan will likely be much bigger in scale.

The new scheme will likely be announced after the formation of a new government at the Centre

Tata Sons chairman N Chandrasekaran has expressed a bold growth target for group chief executives, encouraging them to increase their efforts in drivi

Budget For Semiconductors: India, which had previously failed to get any credible proposals for semiconductor manufacturing after trying for decades, finally managed to score big after American Micron emerged as the first major player to enter the space with a INR 22,500-crore testing and packaging unit in Gujarat in June last year.

PLI a major draw for assembly units which employ 1.5 lakh people in India

This was the theme that brought together around 500 Tata group leaders at the JW Marriott Marquis in Dubai over the weekend for their annual offsite meeting, said top executives at the $270 billion conglomerate. Trent chairman Noel Tata and his three children - Neville, Leah and Maya - attended the meet.

India Business News: NEW DELHI: Government is looking at rolling out a fresh multi-billion-dollar incentive package for semiconductor companies after nearly exhausting the.

Sharp is currently exploring potential locations for the manufacturing setup and has been in talks with state governments in Telangana, Gujarat, and Maharashtra. The company has also expressed its intention to establish the factory in India as a global manufacturing hub, serving key markets worldwide.