Latest news with #AshwiniVaishnaw
Hans India
an hour ago
- Business
- Hans India
India's electronics exports cross $40 billion: Vaishnaw
Hyderabad: Union Minister Ashwini Vaishnaw on Saturday announced a major leap in India's electronics manufacturing sector, stating that exports have crossed the $40 billion mark — an eight-fold growth over the past 11 years. Domestic electronics production has also increased by 6 times, reflecting a strong upward trajectory in India's digital economy. Speaking at the 14th Convocation of IIT Hyderabad, Vaishnaw attributed this exponential rise to Prime Minister Narendra Modi's strategic vision. 'In just 11 years, we've multiplied electronics production six times and exports eight times. This kind of double-digit CAGR is rare globally,' said Vaishnaw. Highlighting India's advancements in telecommunications, Vaishnaw revealed that the country had successfully developed a complete 4G telecom stack within three and a half years. The stack is now deployed across nearly 90,000 telecom towers, surpassing the network coverage of many developed nations. To enhance innovation, the government has established 100 dedicated 5G labs, providing students with hands-on experience in real-world applications of next-generation wireless technologies. Turning to the semiconductor sector, the minister stated that India is poised to manufacture its first commercial-scale Made-in-India chip within this year. He expressed optimism that India would soon rank among the top five semiconductor-producing nations, highlighting the country's increasing focus on capital equipment and materials crucial for chip manufacturing. Vaishnaw also announced a large-scale talent development initiative aimed at skilling the semiconductor workforce. The Centre has distributed the latest Electronic Design Automation (EDA) tools from global leaders — Cadence, Synopsys, and Siemens — to 270 colleges and institutions. Including startups, the reach extends to 340 institutions. 'No other country has launched a semiconductor talent program of this magnitude,' Vaishnaw remarked. In the transport sector, India's first bullet train is making steady progress, and it is expected to be operational by August or September 2027. Meanwhile, the Indian Railways has already advanced to manufacturing version three of the Vande Bharat train at the Integral Coach Factory in Chennai, showcasing significant strides in indigenous railway engineering. Vaishnaw cited five foundational pillars for India's technological rise — electronics manufacturing, artificial intelligence, semiconductors, the telecom sector, and railways — positioning them as key drivers for the country's next-generation growth and global competitiveness. Let me know if you'd like this adapted into a press release format or designed as a digital feature. Medak MP M Raghunandan Rao and senior officials of the university were present. Later, the minister visited the TiHAN: India's first autonomous navigation testbed for aerial and terrestrial systems of IIT Hyderabad, driving research and innovation in self-driving vehicles and drones.
Economic Times
3 hours ago
- Business
- Economic Times
Eight chipsets designed by IIT students sent to fabs: IT Minister Vaishnaw
TIL Creatives Students at Indian Institutes of Technology (IITs) have designed 20 chipsets and eight of them have already been 'taped out' and sent to global foundries and the Semi-Conductor Laboratory in Mohali for fabrication, electronics and IT minister Ashwini Vaishnaw said on at the 14th convocation ceremony of IIT-Hyderabad, Vaishnaw also reiterated that the first commercial-scale, made in India semiconductor chip will be built this year. IIT students designed the chipsets using tools provided under the government's India Semiconductor Mission. A chip is a single piece of semiconductor material, typically silicon, onto which an electronic circuit is etched while a chipset is a group of interconnected chips designed to work together to manage and direct the flow of data between the processor, memory, storage, and other peripherals in a computing device. Taping out means completion of the design process before sending to a manufacturing facility or foundry for fabrication. As of July 2025, India has six semiconductor fabrication plants (fabs) approved or under development. Founded in 1976, the government-owned Semi-Conductor Laboratory remains operational but only at legacy technology nodes. "The way we are going into the building of capital equipment and materials needed to build semiconductors, India will become one of the top-5 semiconductor nations in the coming years," Vaishnaw credited the spurt in semiconductor research to the government providing the latest electronic design automation tools (EDA) to 270 colleges and 70 startups. As many as 700 students at IIT-Hyderabad used these tools for a cumulative 300,000 hours over the past six months, the minister said the Centre's open-source artificial intelligence resources platform, AIKosh, now has 880 data sets and 200-plus models electronics exports have topped $40 billion, marking an eight-fold increase over the last 11 years. "In just 11 years, we have increased our electronics production six times. That's a CAGR double digit, which any corporate would be envious of,' he said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. What's keeping real retail investors out of the Nvidia rally If data is the new oil, are data centres the smokestacks of the digital age? The hybrid vs. EV rivalry: Why Maruti and Mahindra pull in different directions. What's best? Instagram and YouTube make billions off creators. Should they pay up for their mental health? Trent trips on the ramp. Is it still worth the splurge or time to change brands? Best way to deal with volatility, just ' Hold' for wealth creation: 7 large-cap stocks with an upside potential of up to 41% Stock picks of the week: 5 stocks with consistent score improvement with an upside potential of 16 to 38% in 1 year Headwinds, yes, but long-term story intact. 7 stocks from the engineering sector with upside potential from 21 to 42%
Time of India
3 hours ago
- Business
- Time of India
Eight chipsets designed by IIT students sent to fabs: IT Minister Vaishnaw
Academy Empower your mind, elevate your skills Students at Indian Institutes of Technology (IITs) have designed 20 chipsets and eight of them have already been 'taped out' and sent to global foundries and the Semi-Conductor Laboratory in Mohali for fabrication, electronics and IT minister Ashwini Vaishnaw said on at the 14th convocation ceremony of IIT-Hyderabad, Vaishnaw also reiterated that the first commercial-scale, made in India semiconductor chip will be built this year. IIT students designed the chipsets using tools provided under the government's India Semiconductor Mission A chip is a single piece of semiconductor material, typically silicon, onto which an electronic circuit is etched while a chipset is a group of interconnected chips designed to work together to manage and direct the flow of data between the processor, memory, storage, and other peripherals in a computing device. Taping out means completion of the design process before sending to a manufacturing facility or foundry for of July 2025, India has six semiconductor fabrication plants (fabs) approved or under development. Founded in 1976, the government-owned Semi-Conductor Laboratory remains operational but only at legacy technology nodes."The way we are going into the building of capital equipment and materials needed to build semiconductors, India will become one of the top-5 semiconductor nations in the coming years," Vaishnaw credited the spurt in semiconductor research to the government providing the latest electronic design automation tools (EDA) to 270 colleges and 70 startups. As many as 700 students at IIT-Hyderabad used these tools for a cumulative 300,000 hours over the past six months, the minister said the Centre's open-source artificial intelligence resources platform, AIKosh, now has 880 data sets and 200-plus models electronics exports have topped $40 billion, marking an eight-fold increase over the last 11 years. "In just 11 years, we have increased our electronics production six times. That's a CAGR double digit, which any corporate would be envious of,' he said.
Time of India
10 hours ago
- Business
- Time of India
Give wings to India's semiconductor dreams, Union minister tells students at IITH convocation
Hyderabad: A total of 1,273 students received their degrees during the convocation ceremony of the Indian Institute of Technology Hyderabad (IITH) held on Friday. Union Minister Ashwini Vaishnaw addressed the students and said, 'You are entering a period of uncertainty, but also opportunity. There is a huge turmoil outside the world, but your foundation and value system will lead our country forward. ' He spoke about the govt's focus on electronics manufacturing and the Semiconductor Mission, and said India will produce its first commercial-scale semiconductor chip in 2025. Six fabrication units are under construction, and eight out of twenty chips designed by students, including some from IIT Hyderabad, were successfully taped out, he said. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad He also mentioned developments under the India AI Mission and said India built its own 4G telecom stack, which is ready to be upgraded to 5G. Speaking about railways, he referred to Kavach, an automatic train protection system developed in Hyderabad and now being implemented across the country. B S Murty, Director, said, 'IITH was granted the status of Institute of National Eminence and recorded its highest annual research and development funding in 2024–25.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Providers are furious: Internet access without a subscription! Techno Mag Learn More Undo He also highlighted the graduation of students from newly introduced programs focused on emerging areas of science and technology. Rahul Ramachandran, a student from the Department of Computer Science and Engineering, was awarded the President of India Gold Medal. The convocation marked the graduation of the first batches from several new programs: BTech in Biotechnology and Bioinformatics, Computational Engineering, and Industrial Chemistry; MTech in Quantum and Solid-State Devices and Sustainable Engineering; MSc in Medical Physics; and the first PhD scholar in Artificial Intelligence.
The Hindu
15 hours ago
- Business
- The Hindu
Upcoming Kazipet Railway Manufacturing Unit to make train sets for export
Union Railways Minister Ashwini Vaishnaw has said indigenously made 150 Vandebharat trains are slated for export with the first train set already flagged off by Prime Minister Narendra Modi. More railway rolling stock, including metro coaches, are getting export orders and the upcoming ₹521.26 crore mega Kazipet Railway Manufacturing Unit is going to play a key role once it is commissioned in 2026, he told the media at the factory site on Saturday (July 19, 2025). What will be manufactured there? The civil works will be completed by December as there is good progress in the factory construction which is being built with a flexible design to manufacture engines, coaches, wagons and metro train sets, said the Minister. Direct employment to 3,000 people Union Minister for Coal & Mines G Kishan Reddy said the railway unit will provide direct employment to about 3,000 persons and indirect jobs to many more with region expected to benefit economically with several ancillary industries likely to come up. Locals will be considered for employment with State government recommendation. Relief and rehabilitation measures for affected farmers will be done through the district collector, he said. Mr. Reddy thanked Prime Minister Modi and Mr. Vaishnaw for allocating the factory to Warangal and Telangana. It was a reflection of Centre's commitment towards development of the region and those questioning him and his party for contribution to the State should witness the unit, he said. The Prime Minister had laid the foundation stone for the facility two years ago on July 2023. The project was entrusted to Rail Vikas Nigam Limited (RVNL) on turnkey basis with project execution by PowerMech-Taikishna JV. Full fledged rail manufacturing unit From initial plan to make rolling stock of different varieties, it was decided to make the facility into a full fledged Rail Manufacturing Unit which will also make 200 MEMU train (mainline electric multiple units) rakes of 16 cars each, said railway officials. Spread over 160.04 acres The manufacturing unit is coming up on a 160.04 acres of land provided by the State Government with pre-engineered shed of 60,933 A main shop floor with four bays, 13 km of internal rail network, 1 mwp shed roof solar plant, etc., will form part of the project. The MEMU rakes to be made here will be equipped with three phase propulsion system with operating speed of 130 kmph. They will be equipped with automatic door closing, non AC enclosure with roof top ventilation along with LED displays and Kavach - automatic train protection system, they added. The Ministers duo later in the evening flagged off the inaugural run of daily train between Kacheguda and Jodhpur in the presence of senior railway officials.
