Business Economy


IT Minister approves setting up of 'NaMo Semiconductor Laboratory' at IIT Bhubaneswar

New Delhi, Oct 5 (UNI) Information Technology Minister Ashwini Vaishnaw has recently approved the setting up of the 'NaMo Semiconductor Laboratory' at IIT Bhubaneswar, an official statement said today.
The project will be funded under the MPLAD scheme and the estimated cost of project is Rs 4.95 crore, the statement added.
NaMo Semiconductor Lab will contribute to Bharat's deep talent pool by equipping the youth with industry-ready skills.
This lab will position IIT Bhubaneswar as a hub for semiconductor research and skilling. Moreover, it will also help in developing talent for the chip manufacturing and packaging units coming up across Bharat.
IIT Bhubaneswar already hosts the Silicon Carbide Research and Innovation Centre (SiCRIC). The new lab will add to the institute's existing cleanliness facilities.
It will provide Research and Development facilities to support the Semiconductor industry in India.
This new lab will boost 'Make in India' and 'Design in India' initiatives.
It will also act as a catalyst for the fast-growing Semiconductor ecosystem of Bharat which is home to 20pc of global chip talent.
Students of 295 universities across the country are using the latest Electronic Design Automation (EDA) tools provided by the Industry. Twenty-eight student-designed chips from 20 institutes have been taped out at SCL Mohali, the statement said.
Moreover, Odisha has recently received approval for two semiconductor projects under the India Semiconductor Mission.
One of these is an integrated facility for Silicon Carbide (SiC)-based compound semiconductors. The second is an advanced 3D glass packaging facility.
The proposed lab will have essential equipment and software required for semiconductor training, design and fabrication with an estimated cost is Rs 4.6 crore for equipment and Rs 35 lakh for Software.

UNI SAS BM
More News

Ganesh Housing Limited's tech city project targets Rs 600 cr yearly lease income from GCC boom

17 May 2026 | 2:15 PM

Ahmedabad, May 17 (UNI) India's commercial real estate market may be entering a new phase where developers are no longer merely building office towers to sell, but creating long-term annuity assets around the country's booming Global Capability Centre (GCC) economy.

see more..

Foreign investors continue exit, withdraw over Rs 27,000 cr in May

17 May 2026 | 1:48 PM

New Delhi, May 17 (UNI) Foreign investors continued to take exit from the Indian equities as they withdrew Rs 27,048 crore so far this month. As per the data from NSDL, the total outflows by Foreign Portfolio Investors (FPIs) from the equity market have reached Rs 2.2 trillion in 2026. This is higher than the Rs 1.66 trillion pulled out during the entire 2025.

see more..

Ahmedabad joins GCC race with Rs15,000 crore Million Minds Tech City push

17 May 2026 | 1:09 PM

By BD Narayankar
Ahmedabad, May 17 (UNI) Ahmedabad, long associated with trade and traditional enterprise, is now being repositioned as a hub for a different kind of ambition-one that seeks to place the city within the geography of Global Capability Centres (GCCs) and high-value services historically concentrated in Bengaluru, Hyderabad, Pune and other established technology hubs.

see more..

Online filing and Excel utilities for ITR-1 and ITR-4 for AY2026-27 now available on e-filing portal: Income Tax India

17 May 2026 | 11:16 AM

New Delhi, May 17 (UNI) Income Tax India urges people to file their Income Tax Return (ITR) by sharing a post on microblogging site X.

see more..

CtrlS Hyderabad Datacenter hosts BharathCloud’s first AI-ready Sovereign Cloud Centre

17 May 2026 | 12:34 AM

Hyderabad, May 16 (UNI) BharathCloud has launched its first AI-ready Sovereign Cloud Centre at CtrlS Datacenters’ Hyderabad DC1 facility, marking a significant step towards strengthening India’s sovereign digital infrastructure ecosystem.

see more..