Tag Archives: Ashwini Vaishnaw

The sweeping changes in Goods and Services Tax (GST) rates announced by the government will come into effect from September 22, the first day of Navratri, Union minister Ashwini Vaishnaw said on Saturday, calling it a transformative step for the economy.Speaking at a press conference at the BJP headquarters, Vaishnaw said the rationalisation of rates and simplification of the tax …

Union Electronics and IT Minister Ashwini Vaishnaw on Saturday inaugurated India’s first tempered glass manufacturing unit set up by Optiemus Infracom in partnership with US material technology major Corning. The plant, located in Noida, will make protective tempered glass used for mobile phone screens.“Optiemus is the new gem in the fast-growing electronics manufacturing ecosystem in the country. By the end …

NEW DELHI: India is broadening its efforts to develop AI foundation models. After Sarvam AI, the government on Friday selected three more teams – Soket AI, Gan AI, and Gnani AI – for building indigenous AI models. IT and electronics minister Ashwini Vaishnaw said the country has 367 data sets loaded on AI Kosh. “So the app ecosystem is also …

NEW DELHI: The Cabinet on Wednesday approved a new semiconductor plant in Jewar, Uttar Pradesh. The plant, to be set up by the HCL-Foxconn joint venture, will produce display driver chips for mobile phones, laptops, and cars under the “India Semiconductor Mission.”“The Cabinet has approved a sixth semiconductor plant. It is a joint venture between HCL and Foxconn to manufacture …

NEW DELHI: The Government has released regulations for applications under the Rs 23,000-crore Electronics Components Manufacturing Scheme (ECMS), aimed at boosting domestic value addition in electronics production.Union Electronics and IT MinisterAshwini Vaishnaw revealed that firms with strong local design capabilities and ‘six sigma’ quality standards will be key evaluation factors. Companies lacking domestic design teams might be “left out” of …

Union Minister Ashwini Vaishnaw Electronics component manufacturers will need to establish in-house design teams and achieve Six Sigma quality standards to benefit from the government’s Electronics Components Manufacturing Scheme (ECMS), Union Minister Ashwini Vaishnaw said on Saturday.Speaking at the launch of the ECMS guidelines portal, Vaishnaw emphasized that while these requirements are not part of the formal approval criteria, they …

MANESAR: India’s electronics manufacturing and export prowess have grown multi-fold in the last decade driven by enabling policies and incentives and the Made-in-India products now command global recognition, given their reliability and respect for IP rights, Union minister Ashwini Vaishnaw said on Friday.Vaishnaw said electronics manufacturing in India has risen five-fold in the last decade topping Rs 11 lakh crore. …

NEW DELHI: Led by Apple’s iPhone, India’s mobile phone exports crossed Rs 2 lakh crore mark in fiscal 2024-25, growing by a strong 54% over the previous year. The share of iPhone in the exports stood at Rs 1.5 lakh crore, Union minister Ashwini Vaishnaw said on Tuesday as he forecast a doubling of electronics exports over the next five …

NEW DELHI: Led by Apple’s iPhone, India’s mobile phone exports crossed Rs 2 lakh crore in fiscal 2024-25, growing by a strong 54% over the previous year.The share of iPhone in the exports stood at Rs 1.5 lakh crore, Union Minister Ashwini Vaishnaw said on Tuesday as he forecasted a doubling of electronics exports over the next five years.“Smartphones are …

Union Railways Minister Ashwini Vaishnaw NEW DELHI: IT & electronics minister Ashwini Vaishnaw on Thursday said that India should develop software products and added there have been efforts by local startups to develop an indigenous browser.“India has a strong IT sector with revenues of more than $282 billion. The focus so far was on services. Govt is now promoting startups, …