The Indian government has given the green light to investments totaling $15.2 billion in semiconductor fabrication plants, with plans for Tata Group to construct the nation’s inaugural large-scale chip manufacturing facility. Prime Minister Narendra Modi’s government approved Tata’s plan to build an $11 billion facility capable of producing about 50,000 wafers a month, Technology Minister Ashwini Vaishnaw told reporters in New Delhi on Thursday. The board also approved Tata’s separate proposal for an over $3 billion chip assembly plant and a packaging venture between Japan’s Renesas Electronics Corp. and Murugappa…

Over the past few years, you may have come across the term Environmental, Social, and Governance (ESG) and witnessed companies adopting ESG principles. However, if you believe this is solely a corporate phenomenon, reconsider. ESG has a significant impact on consumers, influencing their buying choices and fostering a more sustainable and morally upright market. Furthermore, in today’s digital era where information is readily accessible, the integration of ESG principles with technology is revolutionizing the consumer landscape in India. Recent reports show that ESG investments in India have grown from US$330…

Finance Minister Nirmala Sitharman unveiled the Interim Budget 2024 in Parliament on February 1. It is worth noting that this budget is temporary, with a comprehensive budget set to be announced by the new government after the general elections. As anticipated, the FM introduced various reforms in the tech sector, delivering the budget in a paperless format using a digital tablet enclosed in a red ‘bahi khata’ adorned with the national emblem. Despite industry experts’ high hopes for artificial intelligence (AI) advancements, no such announcement was made. Take a look…

NEW DELHI: India has cut import duties on some parts used to make mobile phones to 10 percent from 15 percent, benefiting companies such as Apple and Xiaomi, which manufacture in Asia’s third-largest economy. The import duty on parts such as battery covers, main camera lenses, back covers, other plastic and metal mechanical items, GSM antenna and other parts has been reduced to 10%, the finance ministry announced late on Tuesday. Import duties on inputs used to manufacture these components have been cut to zero, the announcement said. In recent…

India launched 5G networks in October 2022, but just one year after the official launch, the country’s 5G speeds have risen to the top ten in the world. According to details shared by Ookla in its report this month, India will be one of the 5G countries in 2023, which shows the huge impact of network deployment and how quickly operators have been able to respond to network needs. consumers in the country. While countries like the UAE and South Korea lead the 5G median speed charts with speeds of…

More than 200 experts, speakers and 29 member countries will participate in the GPAI (Global Partnership on Artificial Intelligence) Summit in New Delhi from 12th to 14th. December, and will focus on the ethical, regulatory and developmental dimensions of AI. The prestigious event is hosted by the Ministry of Electronics and Information Technology (MeitY). Abhishek Singh, IAS, CEO, MeitY’s National e-Governance Division (NeGD), said in an exclusive interview with ReturnByte that GPAI consists of four specialized working groups: responsible artificial intelligence, data management, future of work, and commercialization and innovation.…

From December 4-6, the Global Technology Summit (GTS) will take place in New Delhi, marking its eighth edition. The Summit will commence with an opening speech by External Affairs Minister S Jaishankar. The Global Technology Summit (GTS) is India’s flagship geotechnology event hosted by the Department of Policy Planning and Research, Ministry of External Affairs and Carnegie India. The theme of this year’s summit is ‘Geopolitics of Technology’, the MEA said in a press release. During the Global Technology Summit (GTS), more than 40 public sessions, keynote speeches, ministerial speeches,…

The 2023 World Digital Competitiveness Ranking (WDCR) has been released by the International Institute for Management Development (IMD), revealing that India holds the 49th position out of 64 economies. The study conducted by IMD highlights India’s notable progress in cybersecurity knowledge, but also points out its shortcomings in areas such as technology and future readiness. The World Digital Competitiveness Ranking by IMD provides valuable insights into how different countries are adapting to the digital transformation era, particularly in relation to artificial intelligence (AI). Essentially, it illuminates the essential elements that…

The Devasthal Observatory in Nainital, India, has achieved a significant milestone with the International Liquid Mirror Telescope (ILMT) by discovering its first supernova, SN 2023af. This groundbreaking discovery, outlined in a report on the arXiv preprint server on November 8, highlights the ILMT’s capability to uncover many more supernovae in the future. These extraordinary celestial occurrences, renowned for their dazzling brightness and explosive nature, offer astronomers essential information about the development of stars and galaxies. The ILMT telescope, with a diameter of 4 meters and pointing towards the zenith, focuses…

Ashwini Vaishnav, the Minister of Electronics and Information Technology, utilized social media platform X to share a significant accomplishment in the mobile phone industry. In the message, he revealed that India’s mobile industry has grown exponentially, growing 20-fold in just nine years. Minister Vaishnav sent X: “Met Mobile Industry to review progress. Industry has grown 20 times in 9 years. 2014: 78 percent import dependent 2023: 99.2 percent of all mobile phones sold in India are ‘Made in India’”. Minister Vaishnav emphasized the development of the sector while reflecting on…

India and the European Union (EU) have strengthened their technology collaboration by signing a Memorandum of Understanding on the semiconductor ecosystem on November 24. The initial agreement was signed by Union Minister Ashwini Vaishnav and the EU Commissioner for Internal Market Thierry Breton. Under the agreement, India and the EU will exchange experiences and best practices, and identify opportunities for collaboration to enhance the semiconductor ecosystem, among other objectives. Vaishnaw announced at X and published, “India and EU sign MoU to deepen semiconductor ecosystem cooperation and improve semiconductor supply chain…