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India set to become global semiconductor manufacturing destination: Industry – ET Auto

Baua Electric

According to S P Kochhar, Director General, COAI, the approval for these units which has come under India’s Semiconductor Mission is a positive and commendable development. lakh crore, as part of an attempt to cut India’s dependence on imports to meet the requirements of chips.

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Indian Oil signs MOU with LanzaJet on sustainable aviation fuel production in India

Green Car Congress

Indian Oil Corporation, India’s leading energy major, has entered into a memorandum of understanding (MOU) with LanzaJet to explore the development of sustainable aviation fuel (SAF) production in India. As a rapidly developing country, India’s energy transition will play a pivotal role in global energy markets.

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India-based ReNew Power, Egypt to invest $8B in green fuels production in Suez Canal zone

Green Car Congress

The MoU is preliminary agreement to establish an industrial complex project with total targeted investments estimated at $8 billion, said Yehia Zaki, chairman of the Suez Canal economic zone. The first phase will be in 2023-2025, with about $710 million targeted to produce 100,000 tons of green ammonia and 20,000 tons of green hydrogen.

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India needs 3 lakh skilled professionals for semiconductor industry by 2027 – ET Auto

Baua Electric

New Delhi: As India embarks on its ambitious semiconductor journey, the country will require 2.5 Expected to become a USD 100 billion industry by 2030, the expansion is poised to generate approximately 1 million global jobs by 2025-2026, aligning with India’s broader economic and industrial growth objectives.

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Brakes India and ADVICS plan JV for advanced braking systems production in India – ET Auto

Baua Electric

Based out of the southern part of India, the company will be set up with an investment of over INR 500 crores employing more than 300 people over the next few years. A green field project, this JV entity will be funded by both Brakes India and ADVICS with a 51:49 shareholdings respectively.

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TotalEnergies takes 25% stake in Adani New Industries Limited for green hydrogen in India

Green Car Congress

TotalEnergies has entered into an agreement with Adani Enterprises Limited (AEL) to acquire a 25% interest in Adani New Industries Limited (ANIL). ANIL will be the exclusive platform of AEL and TotalEnergies for the production and commercialization of green hydrogen in India.

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India Injects $15 Billion Into Semiconductors

Cars That Think

The government of India has approved a major investment in semiconductor and electronics production that will include the country’s first state-of-the-art semiconductor fab. Through the partnership, it will be capable of 28-, 40-, 55-, and 110-nanometer chip production, with a capacity of 50,000 wafers per month.

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