Big concern for India after Donald Trump announces massive 50 percent tariff on..., Semiconductor Mission likely to..., PM Modi now plans to...
According to The Economic Times, the industry says India relies heavily on other countries for high-quality copper products. If global trade disruptions increase, it could pose challenges for India. Industry representatives have urged the Indian government to act swiftly.
The representatives have suggested the Modi government not to ease import regulations and ease BIS certification processes, but also invest in domestic production of high-grade copper alloys and other materials essential for electronics and chip manufacturing. Importance of Copper?
Talking to Nav Bharat Times, Ashok Chandak, President of SEMI India and the India Electronics and Semiconductor Association (IESA), said that copper is an important component for chip wiring, PCBs, interconnects, and power systems.
He further stated that India imports most of its required copper and copper-based materials from other countries. Even the gold-plated copper wires used in semiconductor assembly and testing units are facing various challenges. Copper is a very essential raw material for manufacturing electronic equipment.
It is used in printed circuit boards (PCBs), capacitors, resistors, connectors, relays, and in wiring for semiconductor packaging and assembly.
Domestic suppliers like Hindustan Copper, Sterlite, and Hindalco are not yet producing copper on a large scale that is required for semiconductor manufacturing. Manufacturing Costs Will Rise
Ashok Chandak, President of SEMI India and the India Electronics and Semiconductor Association (IESA), said that the manufacturing costs are likely to increase due to global supply issues and the rising cost of goods. This could lead to delays in semiconductor-related projects. He added that India should not only promote fabs but also strengthen supply chains through domestic refining, free trade agreements, and even strategic reserves.
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The moment one sets foot in Uttarakhand, he is blessed by the deities residing in the Char Dham, the sacred rivers Ganga and Yamuna, and the saints who have kept the flame of spirituality alive in this land. Shah said that Uttarakhand is rightly called the "Dev Bhoomi" (Land of the Gods), because its mountain peaks elevate not just India but the entire world to spiritual heights. "The saints and sages residing here have, for thousands of years, worked to purify and uphold Indian culture flowing alongside the Ganga. At the same time, the rivers of Uttarakhand provide drinking water and irrigation to nearly half of India, sustaining life. He added that Uttarakhand offers a unique confluence of nature and culture," he further added. Amit Shah stated that during the 2023 Global Investors Summit held in Uttarakhand, when Chief Minister Pushkar Singh Dhami informed him that the state had received MoUs worth Rs 3.56 lakh crore, he had remarked that signing MoUs is not a major achievement--implementing them on the ground is the real challenge. Shah said that today, investments worth over Rs 1 lakh crore have become a reality in Uttarakhand. He noted that bringing investments to landlocked and hilly regions is as challenging as climbing a mountain. However, Chief Minister Pushkar Singh Dhami, despite all adverse circumstances and by breaking traditional perceptions, has successfully brought in investments exceeding Rs 1 lakh crore in the state. He added that along with these investments, more than 81,000 jobs have been created in Uttarakhand, as per the release. Additionally, it is estimated that ancillary industries will generate around 2.5 lakh new employment opportunities. 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Now there is a double-engine government in Uttarakhand," he added. Amit Shah said that PM Modi has drawn the blueprint for the development of the entire country. Whether it is the development of infrastructure, bringing clarity in education policy, laying the foundation of industrial development of the country, or taking the economy forward, PM Modi has made many records in every field. He said that the Modi government has increased the length of national highways by 60 per cent in the last 10 years. Work has been done to build 8 lakh kilometer of new roads in rural areas. Convenient 'Vande Bharat' trains have reached 333 districts of the country. 45 thousand kilometers of railway lines have been electrified. 88 new airports have been built and inland waterway cargo has increased 11 times. "It is the result of these development works that Atal Ji had then brought the economy of this country to the 11th position, which PM Modi has upscaled it from the 11th to the 4th position in 10 years," he added. Shah said that we are going to become the world's third-largest economy in the year 2027. He stated that the speed at which development has taken place has led to a doubling of our exports in the service sector, and exports have increased by 76 per cent, resulting in our becoming the fastest-growing economy. Shah said that Prime Minister Narendra Modi has busted the myth that if infrastructure is built and industrial development takes place, the welfare of the poor gets affected. He said that the Modi government ensured food security by giving 5 kg of grains free of cost to 80 crore poor people of the country, by providing free treatment up to five lakh rupees to crores of people, and their expenses incurred on hospitalisation were waived off. For the first time after independence, tap water was provided to 16 crore houses, toilets were built in 12 crore houses, LPG cylinders were delivered to 13 crore houses, electricity was provided to 3 crore houses and four crore people were given houses. Along with this, work was also done to bring 25 crore people above the poverty line. Union Home Minister said that PM Modi has pledged to make India fully developed by 2047. It is not possible to build a developed India without a developed Uttarakhand. He said that until our small states progress, there cannot be uniform development in the country. Similarly, until the states of the eastern region progress, there cannot be uniform development in the country. Therefore, the Central Government has paid special attention to the development of small states and eastern states. 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The Hindu
24 minutes ago
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