Latest news with #Vaishnaw
Time of India
5 hours ago
- Business
- Time of India
Telangana's Kazipet rail coach factory to begin production next year: Union Minister Ashwini Vaishnaw
Union Minister Ashwini Vaishnaw on Saturday said production at the upcoming rail coach factory in Kazipet, Telangana, would begin next year. Vaishnaw, who visited the unit in Kazipet, about 130 km from Hyderabad, added that the facility is a mega, state-of-the-art factory being built with an investment of Rs 500 crore. Explore courses from Top Institutes in Select a Course Category Product Management Healthcare Artificial Intelligence healthcare Leadership Management Others Data Analytics MCA Cybersecurity Digital Marketing Technology Operations Management MBA Project Management CXO Degree Design Thinking Data Science PGDM Data Science Finance Public Policy others Skills you'll gain: Creating Effective Product Roadmap User Research & Translating it to Product Design Key Metrics via Product Analytics Hand-On Projects Using Cutting Edge Tools Duration: 12 Weeks Indian School of Business ISB Product Management Starts on May 14, 2024 Get Details Skills you'll gain: Product Strategy & Competitive Advantage Tactics Product Development Processes & Market Orientations Product Analytics & Data-Driven Decision Making Agile Development, Design Thinking, & Product Leadership Duration: 40 Weeks IIM Kozhikode Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Product Strategy & Roadmapping User-Centric Product Design Agile Product Development Market Analysis & Product Launch Duration: 24 Weeks Indian School of Business Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Coaches, engines, and other components can be manufactured at the unit, which has been designed to support multiple types of railway manufacturing, said the Minister for Railways, Information & Broadcasting, and Electronics & Information Technology. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Monsoon Sale is Live Now Luxury Watches Shop Now Undo He added that the factory features one of the finest designs in the world, and the products manufactured there would be of export quality. Prime Minister Narendra Modi is fulfilling Telangana's long-standing demand for a coach manufacturing factory at Kazipet, he said. Live Events Noting that the Indian Railways has bagged an order to export 150 locomotives, Vaishnaw said work on exporting metro coaches has also begun. "India will emerge as a major railway manufacturing and exporting country in the future," he said. Union Coal and Mines Minister G Kishan Reddy, who accompanied Vaishnaw, thanked Prime Minister Modi and the railway minister for establishing the unit in Kazipet. He said the demand for setting up a railway coach factory is over 40 years old and that former Prime Minister P V Narasimha Rao, a native of present-day Telangana (then part of Hyderabad state), had also made efforts toward it. The demand was reiterated during the Telangana statehood agitation , and the unit has now become a reality under PM Modi's leadership, he said. The unit is expected to provide employment to around 3,000 people and generate indirect employment for many others, Reddy added. Speaking to reporters, Vaishnaw said Hyderabad city is a prime focus for the development of the railway network. The South Central Railway General Manager, headquartered in Secunderabad, has been given a target to increase the network's capacity in the Hyderabad area (including Secunderabad and other stations) from about 600 trains a day to 1,200 trains per day, he said. Vaishnaw also said the proposed Regional Ring Road (RRR) in Telangana would be a game-changer. He noted that when Telangana Chief Minister A Revanth Reddy recently met him in Delhi, the CM had requested a 30-metre corridor alongside the RRR project to enable rail connectivity throughout the stretch.
The Hindu
6 hours ago
- Business
- The Hindu
Eight out of 20 semiconductor chips designed by students: Ashwini Vaishnaw
The country's six-decade aspiration to produce commercial-scale chips has finally come to fruition this year. Six semiconductor units are under construction, with major design and talent development efforts under way. Eight out of 20 semiconductor chips designed by students — many from IIT Hyderabad — have already been successfully taped out (completion of design phase), Union Minister for Information & Broadcasting Ashwini Vaishnaw said on Saturday. Addressing graduating students at the 14th convocation of Indian Institute of Technology Hyderabad, Sangareddy, on Saturday, he spoke about advancements under the IndianAI Mission, telecom self-reliance — developing own 4G stack that is upgradable to 5G in three-and-a-half years, railway modernisation and indigenous innovation, particularly automatic train protection system Kavach, developed in Hyderabad and being implemented across the rail network. 'Today's graduates are entering a world of great uncertainty, but also immense opportunity, supported by a strong foundation built over the past decade,' he said, stressing the country's technological transformation such as in electronics manufacturing and India Semiconductor Mission. Mr. Vaishnaw invoked the country's economic leadership before colonial rule and called upon today's youth to lead the country back to being among the top two global economies by 2047. A total of 1,273 degrees, including 460 134 PhD and other courses, were awarded at the ceremony. Rahul Ramachandran of the Department of Computer Science won the President of India Gold Medal. Institute's gold medals were presented to Harmanpreet Singh, Ajith BS and Rishitha Mudunuri. Director, IITH, BS Murty presented the institute's report. He said the ceremony marks the graduation of the first cohorts of several new interdisciplinary programmes, including in Biotechnology & Bioinformatics, Computational Engineering, and Industrial Chemistry; in Quantum & Solid-State Devices and Sustainable Engineering; MSc in Medical Physics; and the first PhD in Artificial Intelligence. IITH was granted the 'Institute of National Eminence' status and recorded the highest-ever annual R&D funding in 2024–25, he informed.
Time of India
7 hours ago
- Business
- Time of India
Indian electronics exports hit $40 bn: Union Minister Ashwini Vaishnaw
Hyderabad: India's electronics exports have soared past $40 billion, marking an eight-fold growth during the last 11 years, Union Minister Ashwini Vaishnaw said on Saturday. He also highlighted that the domestic electronics production has gone up by six times. Addressing the 14th Convocation of IIT Hyderabad, near here, Vaishnaw also emphasised the rapid progress of India's first bullet train project, which is expected to become operational by August or September 2027. Looking ahead, Vaishnaw said the first Made in India semiconductor chip, on a commercial scale, will be manufactured this year. He expressed confidence that India is on track to become one of the top five semiconductor nations in the world in the coming years, citing its increasing focus on capital equipment and the materials required for semiconductors. "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. We have increased our exports eight times, crossed $40 billion exports in electronics manufacturing, which is a phenomenal pace of growth, something which very few countries of our size have ever seen," the Union Minister for Railways, Information & Broadcasting, Electronics & Information Technology said. He attributed this growth to the vision of Prime Minister Narendra Modi and noted that in just about three and a half years, India could design a complete 4G telecom stack. Today, it is installed on almost 90,000 telecom towers, which is more than the network of many countries in the world. As part of the telecom initiative, the government has set up 100 5G labs where the students can get hands-on experience of the 5G equipment, allowing them to work on real-world use cases and develop practical solutions, the IT Minister said. He cited five examples of India's growth story and bases for the next generations-- electronics production, AI, semiconductors, telecom sector and railways. To cultivate talent in the semiconductor field, the Centre has given the latest EDA tools from Cadence, Synopsys, and Siemens to about 270 colleges and institutions and if the startups are added the number becomes 340, he said. "Nowhere in the world has such a large talent development program ever taken up in the field of semiconductors," Vaishnaw said. The Indian Railways already has version three of Vande Bharat at this point of time getting manufactured at the Integral Coach Factory in Chennai, he said.
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Business Standard
12 hours ago
- Business
- Business Standard
India's first semiconductor chip to be unveiled in 2025: Ashwini Vaishnaw
The union minister said, as part of the India AI Mission, free datasets and others are being uploaded and as many as one million people are being trained in the use of AI Union Electronics and Information Technology Minister Ashwini Vaishnaw has said the country's first domestically produced semiconductor chip is expected to be released this year. Speaking at the 85th foundation day celebrations of Keshav Memorial Educational Society here on Friday, he said India is poised to become a significant global player in the semiconductor industry. Today, some of the most complex chips are designed in cities, including Hyderabad, Bengaluru, Pune, Gurugram and Chennai, he said. "Now, we are starting the manufacturing of semiconductor chips. We have already approved six semiconductor plants. Their construction is going on. We will have the first Made in India chip in 2025," he said. The union minister said, as part of the India AI Mission, free datasets and others are being uploaded. As many as one million people are being trained in the use of AI. Vaishnaw also said India would be among the top two economies in the world by 2047. Noting that the world is going through a big change, he said the western countries which were dominating the economy are now being replaced by the "eastern hemisphere". (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
12 hours ago
- Business
- Business Standard
India's electronics exports hit $40 bn, grow 8 times in 11 yrs: Vaishnaw
Addressing the 14th Convocation of IIT Hyderabad, Vaishnaw also emphasised the rapid progress of India's first bullet train project Press Trust of India Hyderabad India's electronics exports have soared past $40 billion, marking an eight-fold growth over the last 11 years, Union Minister Ashwini Vaishnaw said on Saturday. He also highlighted that the domestic electronics production has gone up by six times. Addressing the 14th Convocation of IIT Hyderabad, near here, Vaishnaw also emphasised the rapid progress of India's first bullet train project, which is expected to become operational by August or September 2027. Looking ahead, he said the first Made in India chip, on a commercial scale, will be manufactured this year. He expressed confidence that India is on track to becoming one of the top five semiconductor nations in the world in the coming years, citing its increasing focus on capital equipment and the materials required for semiconductors. 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. We have increased our exports eight times, crossed $40 billion exports in electronics manufacturing, which is a phenomenal pace of growth, something which very few countries of our size have ever seen, the Union Minister for Railways, Information & Broadcasting, Electronics & Information Technology said. He attributed this growth to the vision of Prime Minister Narendra Modi and noted that in just about three and a half years, India could design a complete 4G telecom stack. Today, it is installed on almost 90,000 telecom towers, which is more than the network of many countries in the world. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
