Sahasra to invest 7.5 billion in semiconductor chips

26 Jul 2022 CW Team

According to Sahasra Semiconductors, it hopes to establish the nation's first memory chip assembly, testing, and packaging facility by the end of the year and begin selling locally produced chips.

Amrit Manwani, chairman and managing director of Sahasra Semiconductors, stated that the business intends to invest a total of Rs 7.50 billion in the construction of the factory at Bhiwadi in Rajasthan.

Marwani said that the company will invest Rs 1.5 billion in this financial year for setting up the ATMP facility in Elcina manufacturing cluster in Bhiwadi, Rajasthan. Once the market is established and the firm reaches revenue in the range of Rs 2.5-3 billion then they will make another investment of Rs 6 billion.

He said that the first full financial year of the company's commercial production is expected to generate a revenue of around Rs 500 million, which is expected to grow to Rs 5 billion by 2025-26.

Infrastructure Urban

16 Jun 2025

MoHUA Plans New Role for Smart City SPVs

In a significant policy move, the Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory encouraging the continued use and repurposing of Special Purpose Vehicles (SPVs) formed under the Smart Cities Mission (SCM). This marks a step toward sustaining urban transformation by leveraging institutional capabilities and infrastructure developed over the past decade.Initiated in 2015, the Smart Cities Mission introduced a new era of urban planning in India, with each of the 100 selected cities forming SPVs under the Companies Act, 2013. These entities, jointly owned by state government..

Infrastructure Urban

16 Jun 2025

ADB Approves $110 Million Loan to Boost Skills in Gujarat

The Asian Development Bank (ADB) has approved a USD 109.97 million (Rs 9.27 billion) results-based loan to support Gujarat鈥檚 efforts to become a global industrial hub by developing a future-ready, skilled workforce.The funding will back the Gujarat skills development programme, led by the Department of Labour, Skill Development and Employment in collaboration with Kaushalya: The Skill University (KSU). The initiative aims to equip the workforce with advanced, industry-aligned skills to meet rising employment demand in high-growth sectors.According to ADB, the programme seeks to strengthen in..

Infrastructure Urban

16 Jun 2025

SDAL Tests Rudrastra UAV and Bhargavastra Defence System

Solar Defence and Aerospace Limited (SDAL) has successfully completed a key flight test of its indigenous Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range, aligning with Indian Army performance benchmarks for mission adaptability, high endurance, precision engagement, and vertical take-off and landing (VTOL) capability.The trial marks a notable achievement in India鈥檚 Aatmanirbhar Bharat initiative, underscoring advancements in home-grown military technology. The Rudrastra UAV demonstrated a mission radius exceeding 50 km with uninterrupted video relay, a total operational range of over..