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Economic Times
3 days ago
- Business
- Economic Times
Indian electronic exports hit USD 40 bn: Union Minister Ashwini Vaishnaw
Tired of too many ads? Remove Ads Hyderabad, India's electronics exports have soared past USD 40 billion, marking an eight-fold growth over the last 11 years, Union Minister Ashwini Vaishnaw said on also highlighted that the domestic electronics production has gone up by six 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 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 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 USD 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 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.
Time of India
4 days 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.
The Hindu
5 days ago
- Business
- The Hindu
Indian electronic exports hit $40 billion: Union Minister Ashwini Vaishnaw
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 (July 19, 2025). He also highlighted that the domestic electronics production has gone up by six times. Also read | Services exports cut India's trade deficit by 9.4% in Q1 Addressing the 14th Convocation of IIT Hyderabad, Mr. 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, Mr. 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 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.
India Today
14-05-2025
- Business
- India Today
India's first 3nm chip design centres open in Noida and Bengaluru. Key details
Union Minister for Electronics & Information Technology, Railways, and Information & Broadcasting, Shri Ashwini Vaishnaw, inaugurated two advanced semiconductor design centers of Renesas Electronics India Private Limited in Noida and Bengaluru on May 13, 2025. These centers are set to propel India into the forefront of semiconductor innovation by focusing on cutting-edge 3-nanometer (nm) chip design, a feat that positions the nation prominently in the global semiconductor the inauguration, Minister Vaishnaw emphasised the significance of these centres, noting that this marks India's first foray into 3nm chip design, a technological advancement that places the country in an elite group of semiconductor innovators. "Designing at 3nm is truly next-generation. "We've done 7nm and 5nm earlier, but this marks a new frontier," he Minister elaborated on India's comprehensive semiconductor strategy, which encompasses design, fabrication, Assembly, Testing, Marking, and Packaging (ATMP), equipment, chemicals, and gas supply chains. He highlighted the growing confidence of the industry, citing significant investments from global companies such as Applied Materials and Lam Research, and underscored the importance of developing a pan-India ecosystem that leverages the country's rich talent further bolster the semiconductor ecosystem, the Government of India has been actively promoting the development of semiconductor design centres across the country. Minister Vaishnaw announced the launch of a new semiconductor learning kit aimed at enhancing practical hardware skills amongst engineering 270 academic institutions that have already received advanced Electronic Design Automation (EDA) software tools under the India Semiconductor Mission will also receive these hands-on hardware kits."This integration of software and hardware learning will create truly industry-ready engineers. We are not just building infrastructure but investing in long-term talent development," he Minister praised the Centre for Development of Advanced Computing (CDAC) and the India Semiconductor Mission (ISM) team for their efficient execution and reaffirmed the government's commitment to nurturing India into a global semiconductor expressed gratitude to Prime Minister Shri Narendra Modi for including semiconductors as a strategic focus area under the broader Aatmanirbhar Bharat vision."Within just three years, India's semiconductor industry has moved from a nascent stage to an emerging global hub and is now poised for long-term, sustainable growth," he Watch
Entrepreneur
14-05-2025
- Business
- Entrepreneur
Ashwini Vaishnaw Launches Renesas Design Hubs, Marks India's Entry Into 3nm Chip Era
"Designing at 3nm is truly next-generation. We've done 7nm and 5nm earlier, but this marks a new frontier," Minister said. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In a major boost to India's semiconductor capabilities, Union Minister for Electronics & Information Technology, Railways, and Information & Broadcasting, Shri Ashwini Vaishnaw, inaugurated two cutting-edge design facilities of Renesas Electronics India Private Limited in Noida and Bengaluru. These centers mark a significant milestone as India's first to focus on 3 nanometer (nm) chip design, positioning the country firmly among global semiconductor leaders. "Designing at 3nm is truly next-generation. We've done 7nm and 5nm earlier, but this marks a new frontier," said Shri Vaishnaw, highlighting the leap in design complexity and innovation. The Minister detailed the government's holistic approach to developing a robust semiconductor ecosystem in India—encompassing design, fabrication, ATMP (Assembly, Testing, Marking, and Packaging), and critical supply chains like chemicals and gases. He noted that global confidence in India's semiconductor vision, as seen at forums like Davos, is translating into major investments from firms such as Applied Materials and Lam Research. Renesas' design centres are a part of the broader push to create a pan-India semiconductor ecosystem, tapping into India's vast talent pool. Shri Vaishnaw announced the rollout of a new semiconductor learning kit designed to sharpen the practical hardware skills of engineering students. Over 270 academic institutions that already use advanced EDA software under the India Semiconductor Mission will benefit from these kits. "This integration of software and hardware learning will create truly industry-ready engineers. We are not just building infrastructure but investing in long-term talent development," the Minister said, praising CDAC and the ISM team for their execution. He also credited Prime Minister Narendra Modi's Aatmanirbhar Bharat vision for fast-tracking India's progress. "Within just three years, India's semiconductor industry has moved from a nascent stage to an emerging global hub," he added. Hidetoshi Shibata, CEO and MD of Renesas Electronics, emphasized India's strategic importance, citing growing capabilities in embedded systems and software innovation. "India's talent strength and shared Indo-Japan strategic interests will help reinvent the global semiconductor lifecycle," he said. With facilities now in Noida, Bengaluru, and soon Hyderabad, Renesas aims to build end-to-end semiconductor design infrastructure, supporting academia and startups through initiatives like Chips to Startup (C2S) and the Design Linked Incentive (DLI) Scheme. India's semiconductor journey, once nascent, is now racing toward a future defined by innovation, scale, and self-reliance.
