pli

India Approves Micron’s $2.7 Billion Semiconductor Testing Plant Ahead of PM Modi’s US Visit: Report

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[ad_1] India’s cabinet has approved US chipmaker Micron Technology’s $2.7 billion (roughly Rs. 22,159 crore) plan for a new semiconductor testing and packaging unit, a senior government source said on Tuesday ahead of Prime Minister Narendra Modi’s state visit to the US. The government agreed production-linked incentives worth Rs. 110 billion ($1.34 billion) for the … Read more

India’s Import of Mobile Phones, Laptops, PCs, Other Devices from China Declined in FY 2022-23: Report

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[ad_1] India’s imports of electronic goods such as laptops, personal computers (PCs), integrated circuits and solar cells from China declined during 2022-23, according to a report by economic think tank GTRI. The fall in imports is notable in electronic items where the PLI (production linked incentive) scheme is operational, the report by Global Trade Research … Read more