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The Chennai-based firm also seeks to raise debt to fund a $5 billion expansion plan to establish itself as an end-to-end semiconductor manufacturing entity.

Electronics Manufacturing: The scheme for setting up a semiconductor fab or electronic chip plant in India has been allocated Rs 1,500 crore, Mohali-based semiconductor laboratory Rs 900 crore, design linked incentive scheme Rs 200 crore.

The budget strives to ensure that deficits and debt are on a sustainable path and at the same time achieve a sensible balance between persistent tending to the recovery and shoring up fiscal health

The response to Finance Minister Nirmala Sitharaman's interim budget has highlighted the absence of populist measures and a commitment to a five-year fiscal consolidation plan. Despite facing challenges such as the pandemic, energy, and food price shocks, the government has maintained fiscal rectitude. The budget signals a shift towards private and corporate spending to support the economy, with a focus on manufacturing, geographical inclusivity, and urban development. The government's strategy for 2025-30 includes fostering a manufacturing surge, developing the eastern region, and addressing ...

Taiwanese electronics giant Foxconn is partnering with Indian technology company HCL Group to build a semiconductor assembly and testing plant in India.