Amid a global semiconductor shortage, work on India’s first semiconductor manufacturing unit is expected to begin in mid-2022. The government is working on a roadmap for an ecosystem for designing, manufacturing and packaging of semiconductor chips.

Amazon India has signed a memorandum of understanding with the Gujarat Industries and Mines Department to help drive e-commerce exports from the state.

The Andhra Pradesh government will release Rs. 1,124 crore as incentives to support micro, small and medium enterprises, textile and spinning mills. While MSMEs will get a Rs. 440 crore push, textile and spinning mills will be allotted Rs 684 crore.

The Ministry of Medium, Small and Micro Enterprises is implementing a programe to establish 15 new technology centres and upgrade the 18 existing TCs. The upcoming TCs will provide assistance to MSMEs in the general engineering, automotive, fragrance & flavour and ESDM sectors.

The Centre is mulling extending the interest subvention scheme for MSMEs by another six months beyond the March 31, 2021 deadline as part of its budget proposals. It is also planning to double the ticket size of the loans for which such interest subvention is given to Rs 2 crore. The money is lent by scheduled banks to micro, small and medium enterprises

To promote micro, small and medium enterprises (MSMEs), the Telangana State Industrial Infrastructure Corporation (TSIIC) has kept nearly 992.67 acres of vacant plots available for such enterprises across 52 industrial parks in the state. They have been made available at just a click of a button on the TSIIC website using GIS mapping.

The greenfield leather park in Kanpur’s Ramaipur area, which got clearance from the Centre recently, will receive investments of about Rs. 5,850 crore. These units will produce 75,000 pairs of footwear each day with an annual turnover of Rs. 10,000 crore.

The ministry of micro, small and medium enterprises has identified 14.6 acres at Arasur village in Sulur block near Coimbatore to set up an MSME technology centre. Under the Technology Centre Systems Programme, the government has allotted Rs. 200 crore to set up the centre.

Investments of Rs. 90,000 crore have been proposed in Gujarat, including a Rs. 40,000 crore investment by ArcelorMittal for the expansion of its facility. Essar Steel has proposed investing Rs. 35,000 crore near Surat, while Vedanta Group will invest Rs. 10,000 crore to set up the world’s largest zinc smelter plant.