Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Tower Semiconductor from Israel has submitted a proposal to the Indian government to construct an $8 billion chip manufacturing facility in India, according to a report. The proposed facility aims to produce 65 nanometer and 40 nanometer chips, with Tower Semiconductor seeking government incentives to support its plan.
Despite requests for comment, neither Tower Semiconductor nor India's IT ministry have responded immediately to inquiries regarding the proposal.
Chip manufacturing holds significant importance in Prime Minister Modi's business agenda. However, previous attempts to offer $10 billion in incentives to the industry have faced challenges, with some proposals encountering delays or cancellations.
Also Read : Nidec lowers profit forecast as Chinese EV competition ramps up Iron ore consolidates as traders ponder demand outlook
Yulu Bikes, an electric bike-sharing platform, has successfully secured $19.25 million ( ₹160 crore)...
Small Enterprises 23-Feb-2024
Finance Ministry to assist lenders on JSW Steel-BPSL verdict impact. Meetings planned with banks an...
Business 07-May-2025
Prime Minister Narendra Modi announced that the central government is working towards making electri...
Announcement 05-Feb-2024
✅ Fitch warns of pressure on Indian steel prices due to Chinese imports and tariffs.✅ Indian produ...
Business 18-Mar-2025
ACME Group, a major renewable energy company in India, and IHI Corporation, a Japanese heavy industr...
Press Releases 23-Jan-2024
India reversed a multi-year trend and became a net importer of steel in FY24, with imports exceeding...
Ferrous 08-Apr-2024