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Make in India: Modi government to invest $10 billion in the chip manufacturing facilities in Gujarat and Uttar Pradesh

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By Newsgram Staff Writer

To give a boost to Prime Minister Narendra Modi’s Make In India plan, Central government’s has decided to invest $10 billion in the chip manufacturing facilities that will come up in Gujarat and Uttar Pradesh.

‘The government would be investing US$ 10 billion in the chip manufacturing facilities coming up in Gujarat and UP, where a consortium of manufacturing firms have come up to set up the production bases,” said RS Sharma, Secretary, Department of Electronics and Information Technology.

While addressing the first Indian Electronics Expo organized by Electronics and Computer Software Export Promotion Council (ESC) in New Delhi, Sharma also revealed that India would also be investing US$ 400 million in developing an Indian version of micro-processor. These are part of the initiatives that are under way to create an eco-system that lays focus on high ended innovation.

 A dedicated fund, known as Electronics Development Fund had been created to leverage the use of venture capital funds to promote more start-ups in the country, he added.

Mentioning about the advantages that India is endowed with in the production of electronics goods in the country, Sharma said that the frugal technologies that it has evolved has a higher value quotient and are suitable for many countries which are at the same level of development. The Secretary said that India provided an exciting hub for electronics investment mainly on account of the surging domestic market and infrastructure, logistics and financial support being provided to the investors, be they from India or abroad.

“China undoubtedly is the major producer of electronic goods in the world. Of late, many of the electronics giants are embarking on a China plus strategy, mostly focusing on India. Coupled with Make in India and Digital India program initiated recently by the government, the renewed interest in electronics production in the country can help India achieve the target set for zero import of electronics into the country by 2020,” the Secretary said.

Infrastructure for chip manufacturing and designing will be considerably strengthened in India to cater to the growing domestic demand and to cut down the imports in the next few years.

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Is Donald Trump’s presidency turning out to be a reward for Trump Jr.?

Trump Jr. is scheduled to give a speech on Indo-Pacific relations at a New Delhi business summit and the Prime Minister Narendra Modi is expected to share the stage with him

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The Donald Trump Jr. landed in India yesterday and is slated to sell his luxury apartments and lavish attention on wealthy Indians.
The Donald Trump Jr. landed in India yesterday and is slated to sell his luxury apartments and lavish attention on wealthy Indians. Wikimedia Commons

Recently, advertisements can be seen repeatedly in the past few days, announcing the arrival not of the Donald Trump but of his eldest son. The Donald Trump Jr. landed in India yesterday and is slated to sell his luxury apartments and lavish attention on wealthy Indians.  The advertisement further charms the people with “a conversation and dinner” with Trump Jr., if buyers who order apartments in the development by Thursday.

After Trump Jr. landed in India, he was seen posing for photos in New Delhi with Indian developers. One of the builders included Kalpesh Mehta. His firm is supposed to be the main Indian partner for Trump-brand real estate projects.

Also Read: Daughter of Presidential Candidate Donald Trump to celebrate Diwali in a Hindu Temple in the US

Although, during his election campaigns, President Donald Trump has pledged to avoid any new foreign business deals during his term in office. One of the better reasons for this was seen as to avoid potential ethical conflicts. But the visit by his Donald Trump’s son has directed the promises made by his father in some other direction. Moreover, Trump Jr. is flying around the world trying to trade on the fact that his father is sitting in the Oval Office. The global experts have long seen the use of the Trump name to promote even existing business ventures as a tricky territory.

Trump family has real estate projects coming up in Mumbai, the New Delhi suburb of Gurgaon and the eastern city of Kolkata.
Trump family has real estate projects coming up in Mumbai, the New Delhi suburb of Gurgaon and the eastern city of Kolkata. Wikimedia Commons

The shocker over here is the scheduled speech of Trump Jr. about Indo-Pacific relations at a New Delhi business summit and the Prime Minister Narendra Modi is expected to share the stage with him. This has raised another set of ethics concerns by offering his thoughts on international relations, that too when Trump Jr. is not holding any portfolio in the US government. By sharing the stage with government officials and talking about international relations, he is surely portraying himself as an informal ambassador for the US.

Last November, Donald Trump’s daughter Ivanka Trump visited India with an altogether different agenda than that of Trump Jr. She led the U.S. contingent at a global business conference and even her speech was broadcasted live by various television stations.

Also Read: US President Donald Trump’s Tough Stand Against Pakistan and more Highlights from his Speech

Interestingly, it is not the first instance when President Trump’s sons have raised ethical concerns over their promotional visits. Last year only, Donald Trump’s sons inaugurated a Trump-branded golf club in Dubai. The two brothers are now official in-charge to lead the Trump Organization.

Trump Jr. has planned his sprawling building in the satellite city of India, Gurgaon. The people who are ready to invest huge sum into this can expect to move into their swanky homes sometime in 2023. To run his business in India, Trump Jr. has licensing agreements with all its Indian business partners. India holds out to be the brand’s largest market outside the United States. In Pune, a luxury complex is already operational. The expected price of apartments in the Trump Towers complex in Gurgaon runs between $775,000 and $1.5 million.

President Donald Trump has pledged to avoid any new foreign business deals during his term in office.
President Donald Trump has pledged to avoid any new foreign business deals during his term in office. Wikimedia Commons

Trump family has real estate projects coming up in Mumbai, the New Delhi suburb of Gurgaon and the eastern city of Kolkata.