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Union Minister\u00a0Ashwini\u00a0Vaishnaw\u00a0on Monday said current Central Government has succeeded in attracting\u00a0investments in emerging technology, and stated that\u00a0India\u00a0is the\u00a0next\u00a0important location\u00a0for\u00a0semiconductor\u00a0manufacturers. Congress has attempted to do so since the 1980s but was not successful.\u00a0<\/p>\n
During Prime Minister Narendra Modi’s State visit to the US last week,\u00a0Micron<\/a>\u00a0Technology announced a massive\u00a0India-specific\u00a0investment\u00a0plan.<\/p>\n On Thursday, hours\u00a0after\u00a0PM Modi met\u00a0Micron\u00a0CEO Sanjay Mehrotra in the US and invited him to boost\u00a0semiconductor\u00a0manufacturing in\u00a0India, the global\u00a0semiconductor<\/a>\u00a0major announced plans to build a new assembly and test facility in Gujarat in\u00a0India\u00a0with an\u00a0investment\u00a0of $825 million (nearly Rs. 6,800 crore). Once set up, the facility will address demand from domestic and international markets.<\/p>\n Micron\u00a0said it selected Gujarat due to its manufacturing infrastructure, conducive business environment and a firm talent pipeline in the SANAND Industrial Park (Gujarat Industrial Development Corporation \u2014 GIDC).<\/p>\n Phased construction of the new assembly and test facility in Gujarat is expected to begin in 2023.\u00a0Micronexpects Phase 2 of the project, which would include the construction of a facility similar in scale to Phase 1, to start towards the second half of the decade.<\/p>\n “This was a very historic visit. It is a very proud moment when\u00a0India\u00a0was discussed in the White House. The US sees\u00a0India\u00a0as an equal partner. Several\u00a0foreign policies focusing on\u00a0India\u00a0were signed during the visit.\u00a0India\u00a0and US are coming together as a\u00a0big\u00a0force. PM Modi’s visit is considered a milestone globally.\u00a0India\u00a0has now become a\u00a0force to reckon with,” said IT minister\u00a0Ashwini\u00a0Vaishnaw.<\/p>\n During PM Modi’s US visit, partnerships on 35 emerging technologies, including on\u00a0semiconductors, space, quantum computing, and AI, among others, were signed.<\/p>\n According to the minister, jet engine manufacturing in\u00a0India\u00a0by HAL is the most significant milestone.<\/p>\n In a major announcement coinciding with PM Modi’s visit, GE Aerospace announced that it has signed a Memorandum of Understanding (MoU) with Hindustan Aeronautics Limited (HAL) to produce fighter jet engines\u00a0for\u00a0the\u00a0Indian Air\u00a0Force. These state-of-the-art jet engines, known\u00a0for\u00a0their endurance and durability, will enhance the capacity of the\u00a0Indian Air\u00a0Force.<\/p>\n Co-production of jet engines\u00a0for\u00a0the\u00a0Indian Air\u00a0Force, defence industrial collaboration, space sector cooperation,\u00a0semiconductor\u00a0supply chain and innovation partnership and collaboration in emerging Artificial Intelligence technology are among key takeaways from Prime Minister Narendra Modi’s visit to the US and his bilateral meeting with President Joe Biden.<\/p>\n “India\u00a0tried\u00a0for\u00a040 years to\u00a0<\/p>\n develop the\u00a0semiconductor\u00a0industry but this is the first time a major\u00a0semiconductor\u00a0player,\u00a0Micron\u00a0is coming to the country,”\u00a0Vaishnaw\u00a0added.<\/p>\n “Today it is very clear all over the world that\u00a0India\u00a0will be the\u00a0next\u00a0big\u00a0distinction of\u00a0Semiconductor, now the way the whole company has seen\u00a0India\u00a0from a different point of view and an MoU has been signed between US and\u00a0India\u00a03 months ago in\u00a0Semiconductor\u00a0Corporation, which resulted during the state visit of Prime Minister, there have been 3 major advances related to\u00a0semiconductor.”<\/p>\n “Congress is hiding its frustration, it is their frustration, Congress’s frustration is that they tried twice, tried thrice, tried in the 80s, tried in the 90s, tried back in 2010, all three times they failed, to bring the\u00a0semiconductor\u00a0industry in\u00a0India.”<\/p>\n Today,\u00a0India, according to\u00a0Vaishnaw,\u00a0India\u00a0is clearly focused on technology, joint development of technology, and how\u00a0India’s position can be ent in the global world order.<\/p>\n About\u00a0Micron’s plant in\u00a0India,\u00a0Vaishnaw\u00a0it will be ready in record six quarters \u2014 by late 2024.<\/p>\n [ad_2] [ad_1] Union Minister\u00a0Ashwini\u00a0Vaishnaw\u00a0on Monday said current Central Government has succeeded in attracting\u00a0investments in emerging technology, and stated that\u00a0India\u00a0is the\u00a0next\u00a0important location\u00a0for\u00a0semiconductor\u00a0manufacturers. Congress has attempted to do so since the 1980s but was not successful.\u00a0 During Prime Minister Narendra Modi’s State visit to the US last week,\u00a0Micron\u00a0Technology announced a massive\u00a0India-specific\u00a0investment\u00a0plan. On Thursday, hours\u00a0after\u00a0PM Modi met\u00a0Micron\u00a0CEO Sanjay Mehrotra … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":["post-3574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech"],"_links":{"self":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/3574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3574"}],"version-history":[{"count":0,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/3574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/media\/3575"}],"wp:attachment":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Affiliate links may be automatically generated – see our ethics statement<\/a> for details.<\/i><\/div>\n<\/div>\n
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