Government notifies Rs 1.27 lakh crore Semicon 2.0 scheme to boost chip ecosystem

The scheme has been divided into six segments covering designing of chips by Indian firms, setting up units for capital equipment required for chip production, semiconductor fabs, chip assembly, packaging and testing, etc. The scheme will aim to build resilient, trusted, and sovereign semiconductor technologies by focusing on designing, development, and deployment of target segment…

GST 2.0 gives auto, economy a fresh gear; India car market seen at 6.3 million by 2031: Maruti Chairman

Maruti Suzuki Chairman RC Bhargava credits GST reforms for economic impetus and growth. The Indian car industry is projected to reach 6.3 million units by 2031. Small car market share is expected to grow significantly faster than previously observed. The company is expanding production capacity to meet anticipated demand increases. This expansion reflects the economy’s…