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Time of India
29-05-2025
- Business
- Time of India
Karnataka: Cabinet committee clears sops for three semiconductor projects
Live Events A Cabinet subcommittee chaired by chief minister Siddaramaiah on Wednesday cleared incentives for the proposed investments of Applied Materials, Lam Research and Bharat Semi Systems The subcommittee cleared attractive incentives for the three projects, which would mark a decisive step toward making the state semiconductor powerhouse, IT/BT Minister Priyank Kharge told subject came before the cabinet subcommittee as these are mega as well as pioneering projects for the state, promising a boost to the state's tech ecosystem. Only the Cabinet or its subcommittee is empowered to clear if the government wished to give incentives over and above the state's ESDM (Electronics System Design and Manufacturing) Kharge said, was doubling down on its ambition to become a global semiconductor hub. Applied Materials, the minister said, will set up India's first-of-its-kind R&D Fab—Innovation Center for Semiconductor Manufacturing (ICSM)—in Bengaluru. Spread across 10 acres with Rs 4,851 crore project, he posted on X, would create 1,500 jobs and become a collaborative platform for next-gen chip and display Research would set up two units in Karnataka: an advanced R&D lab with an investment of Rs 6,790 Cr, and a semiconductor silicon component manufacturing facility with and investment of Rs 9,111 crore, creating 1400 jobs, delivering cutting-edge capabilities in 2nm technology and silicon ingot Semi Systems, Kharge said, will establish an integrated design manufacturing semiconductor unit including both a design plus Fab facility in Mysuru with Rs 2,342 crore. investment. It will focus on compound semiconductors like silicon carbide and gallium nitride—critical for defence, telecom and climate resilience creating 620 plus subcommittee meeting was attended by Kharge, Industries Minister MB Patil, energy minister KJ George, and small-scale industries minister SB Darshanapur.
Hindustan Times
19-05-2025
- Business
- Hindustan Times
Haryana weighs new tech policies to boost electronics, gaming sectors
The Haryana government convened a high‑level stakeholder consultation in Gurugram on Friday to gather feedback on its Draft Haryana Electronic System Design & Manufacturing (ESDM) Policy 2025 and Draft Haryana AVGC-XR (Animation, Visual Effects, Gaming, Comics, Extended Reality) Policy 2025. Haryana's industries and commerce minister Rao Narbir Singh chaired the meeting at the PWD Rest House, declaring the state 'committed to industrial-led economic growth' under chief minister Nayab Singh Saini. Singh said Haryana is 'actively listening to stakeholders to shape policies that work on the ground' and promised that 'all practical and creative suggestions' would be considered before the drafts are finalised. Chief technology officer of industries department, Nitin Bansal, told attendees the ESDM policy aims to make Haryana 'a key node in the electronics manufacturing value chain' through innovation hubs, skilling programmes and infrastructure incentives. The AVGC-XR policy, he added, would nurture home-grown gaming and digital-content companies with subsidies, training and incubation support. Executives from Corning Technologies India, Reliance Industries, Applied Materials, Dell Technologies, Nodwin Games, WinZO and the Game Developers Association of India, meanwhile, welcomed the consultative approach. One representative said the government's willingness to engage industry 'sets a benchmark for other states looking to boost their innovation and digital ecosystems'. Friday's consultation is one of several planned before the policies are rolled out later this year. The government expects the final policies to attract investment, generate jobs, aid start-ups and strengthen Haryana's reputation as a technology and manufacturing hub, officials said.
Hindustan Times
18-05-2025
- Business
- Hindustan Times
iPhones made in Bengaluru: Foxconn's Devanahalli unit set to begin shipments by June
Apple iPhones made in Bengaluru may soon be hitting the U.S. market. Foxconn's Devanahalli facility on the city's outskirts is gearing up to commence commercial shipments by June, Karnataka Industries Minister M.B. Patil announced on Saturday. Also Read - Bengaluru roads drown again: Knee-deep water after brief rain leaves commuters frustrated Sharing the development on X (formerly Twitter), the minister highlighted a major milestone for India's electronics manufacturing sector. 'Apple CEO Tim Cook has confirmed that, in the June quarter, most iPhones sold in the United States will be manufactured in India,' Mr. Patil wrote, underlining Karnataka's growing global manufacturing footprint. The minister emphasized that this isn't merely about manufacturing phones but represents a broader strategic realignment in Apple's global supply chain. 'This marks a significant shift driven by increasing geopolitical and tariff challenges. India, and particularly Karnataka, is now emerging as a preferred hub for high-end electronics production. This move enhances our state's standing in global manufacturing while encouraging further foreign investments,' he added. Also Read - Karnataka to receive electric buses under PM E-Drive: HD Kumaraswamy The Foxconn plant near Devanahalli is nearing operational readiness and is expected to begin shipping iPhones commercially within the next few weeks. The facility, being built with a massive capital outlay of ₹21,911 crore, spans 300 acres in the ITIR Industrial Area covering Doddaballapura and Devanahalli taluks in Bengaluru Rural District. In his 2025–26 Budget speech, Chief Minister Siddaramaiah had also underlined the importance of the project, announcing that the unit will receive incentives worth ₹6,970 crore under the Electronics System Design & Manufacturing (ESDM) policy. Foxconn, the Taiwanese electronics giant and one of Apple's top suppliers, has been ramping up its India presence as part of a broader effort to diversify beyond China. In a previous regulatory filing, the company disclosed an infusion of ₹1,200 crore (around USD 144 million) into its Karnataka-based subsidiary, Foxconn Hon Hai Technology India Mega Development Pvt. Ltd. Foxconn Chairman Young Liu has earlier stated that the Devanahalli facility is on track to become the company's second-largest plant globally after its operations in China. 'This unit alone will generate 40,000 direct jobs, primarily benefiting mid-skilled workers. And this is just the beginning — we are also exploring expansion into other sectors,' Liu had said earlier. The announcement comes amid global political and economic shifts. Notably, it follows recent comments by former U.S. President Donald Trump, who reportedly urged Apple CEO Tim Cook to halt the shift of iPhone production to India. Despite this, Apple seems committed to deepening its manufacturing base in India, with Karnataka playing a central role.
Entrepreneur
13-05-2025
- Automotive
- Entrepreneur
TIEA Expands R&D, Manufacturing With INR 22 Cr From Jamwant, Valour, Others
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. TIEA Connectors Private Limited, a Bengaluru-based B2B ESDM (Electronic System Design and Manufacturing) startup, has raised INR 22 crore in a funding round led by Jamwant Ventures and Valour Capital, with participation from 8X Ventures and IvyCap. The funds will be deployed to expand manufacturing capacity, strengthen R&D capabilities, and meet growing demand across sectors such as electric vehicles (EVs), drones, aerospace, and defence. "We are thrilled to partner with Jamwant Ventures, Valour Capital, 8X Ventures, and IvyCap as we scale our operations, drive innovation, and continue delivering world-class solutions to our customers," said Ajith Sasidharan, CEO and Co-founder of TIEA Connectors. Founded in 2020 by Ajith Sasidharan (CEO) and Punit Shridhar Joshi (CTO), TIEA Connectors specialises in the design, development, and manufacturing of customised low-voltage miniature electronic connectors and contact solutions. The startup offers a diverse range of products including fire-retardant (FR) connectors, wireless connectors for power transmission, harsh-environment connectors with enhanced mechanical stability, and specialised solutions for sectors such as EVs, drones, consumer electronics, aerospace, and defence. The company's products are mission-critical components and have found significant traction in sectors where precision, durability, and performance are essential. A key milestone for the company was winning the prestigious IDEX Challenge – DISC 12 for its advanced interconnect solution for defence applications. Incubated at the Indian Institute of Science (IISc), TIEA continues to collaborate with the institute on cutting-edge R&D. With multiple patents granted, the company is emerging as a technological leader in India's industrial electronics ecosystem. "Our investment in TIEA aligns with our mission to support indigenous manufacturing and enhance India's industrial ecosystem. The company's demand is far exceeding supply," said Karan Goshar, Managing Partner at Valour Capital. Cdr Navneet Kaushik, Managing Partner at Jamwant Ventures, added, "TIEA bridges the gap in creating locally developed connectors, allowing Indian manufacturers to build with fully indigenous supply chains." With operations already running at 90% capacity and a 4x revenue growth in FY2025, TIEA is well-positioned to lead India's push for self-reliance in electronics manufacturing and elevate its role in the global supply chain.
Time of India
09-05-2025
- Business
- Time of India
UP, Gujarat rush to take part(s) in electronics race
Uttar Pradesh and Gujarat are working on incentive schemes to woo large-scale electronic component manufacturers to establish factories in their states. They join a race among several states—Tamil Nadu was among the first off the blocks--to attract investments after the Centre unveiled a Rs 23,000 crore package aimed at encouraging component manufacturers to invest in the country and strengthen its manufacturing Tamil Nadu programme unveiled last week aims to match the sops offered under the Centre's recently announced Electronics Component Manufacturing Scheme (ECMS).Gujarat is emerging as a hub for electronics and semiconductors with chip manufacturing and assembly plants by the likes of Micron, CG Power and Tata Electronics in various phases of development in locations such as Dholera and Sanand. 'We have submitted a draft policy for incentivising electronic component manufacturing in Gujarat for final consideration,' said Mona Khandhar, Gujarat's principal secretary, science and technology. 'Finer details can be divulged only once the state government approves the policy.' Uttar Pradesh is also chalking out a plan to capitalise on the advantage that it has in the space with Noida being an important upcoming hub for electronics manufacturing . The state 'is working on a draft of the policy which should come out in a few weeks,' said a person aware of the development. 'As it is in the drafting stage, more specifics cannot be provided at the moment.' Karnataka already includes electronic component manufacturing as a key element of its existing Electronics System Design and Manufacturing (ESDM) policy. 'We might make some tweaks and additions to the policy in light of the latest developments but it is a competitive policy as it stands,' said Gunjan Krishna, Karnataka commissioner for industrial development. 'The subject matter gets covered even by the new industrial policy.' Several other states are studying the landscape and contemplating their own policies. 'Following Tamil Nadu's swift rollout of ECMS-specific support, a competitive momentum has emerged among states to boost electronics manufacturing within their borders,' said Ashok Chandak, president of the India Electronics and Semiconductor Association (IESA). 'In addition to early movers like Tamil Nadu, Gujarat, and Uttar Pradesh, states such as Madhya Pradesh, Odisha, Chhattisgarh, Maharashtra, and Haryana are also actively positioning themselves to attract investments and secure a place in India's expanding electronics value chain.' amil Nadu, already strong in electronics manufacturing, has set the benchmark with its policy. It announced matching grants under the Tamil Nadu Electronics Components Manufacturing Scheme on April 30 for those that qualify under the ECMS. 'Tamil Nadu coming out with such a policy really puts pressure on the rest of us because they have a thriving ecosystem that they offer such players already,' said an official from a neighbouring state. 'Our coffers do not allow us to give incentives like this so we will have to work doubly hard to get people to invest in our state.' The Centre expects its policy to attract investment of Rs 59,350 crore, result in production of Rs 4,56,500 crore and generate additional direct employment of 91,600 persons and many indirect jobs during its tenure. This six-year scheme will support the successful smartphone production-linked incentive (PLI) scheme by allowing higher value addition and also back a similar programme for semiconductors. India's value addition in electronics manufacturing is currently about 20%. The aim is to double this in the next five years and be at par with global leaders.
