Prime Minister Narendra Modi on Friday urged industry to make India a global hub for semiconductors, asserting that the government had "put the odds in your favour as far as possible through a supportive policy environment".
The prime minister, in his inaugural address at the Semicon India-2022 conference in Bengaluru, said a new world order was forming and the country must seize the opportunity. He further said India had an appetite for "technology and risk-taking".
Modi said there was a collective aim to establish India as one of the key partners in global semiconductor supply chains. "We want to work in this direction based on the principle of hi-tech, high quality, and high reliability," he said, adding that "semiconductors are playing a critical role in the world in more ways than we can imagine".
This story is from the April 30, 2022 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 30, 2022 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Enhance portfolio resilience by investing in MNC fund
When the equity markets turn volatile, investors look for funds that can weather difficult times.
Listing plans of housing finance arm spur Bajaj Fin
Stock trading higher for seventh straight day, rallied 13% over past two weeks
Valuation concerns may limit gains for Phoenix Mills
From its highs last month, the stock of mall developer and commercial real estate major, The Phoenix Mills is down about 5 per cent.
Sebi cancels registration of Karvy
Capital markets regulator Securities and Exchange Board of India (Sebi) on Thursday cancelled the registration of Karvy Investor Services Ltd (KISL) as a merchant banker for breach of eligibility criteria.
48% active largecap funds outperformed last year
The active largecap mutual fund (MF) schemes showed an improved performance in calendar year 2023 compared to their longer-term track record, according to the S&P Indices Versus Active Funds (SPIVA) report.
Zerodha Fund House AUM up by ₹500 cr in 40 days
Zerodha Fund House, a between joint venture Zerodha and smallcase, witnessed substantial growth with its Assets Under Management (AUM) surging ₹500 crore in just 40 days, taking the total tally to cross ₹1,000-crore mark.
ICICI Securities gets approval from shareholders for delisting
Broking and investment banking outfit ICICI Securities has secured shareholders' approval to delist the stock.
Day 1: T+0 settlement sees token trades
The domestic markets on Thursday successfully conducted trades under the new same-day (T+0) settlement framework.
Strong global cues lift domestic mkts
Nifty, Sensex rise 0.9% each, up 2.3% in last six sessions
IPL 17 opener breaks viewership record
The 17th edition of the Indian Premier League (IPL) opened to blockbuster viewership numbers with 168 million viewers tuning in to watch the season's first game between Chennai Super Kings and Royal Challengers Bengaluru on March 22, the tournament's official broadcaster said on Thursday.