No question of privatising SCL, says Vaishnaw

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The Semi-Conductor Laboratory (SCL) in Mohali, India’s sole public sector semiconductor facility which is being transformed into a major hub of the nation’s chip-making ambitions, will remain firmly under government control, electronics and information technology minister Ashwini Vaishnaw said on Friday.

The government hopes that the Rs 4,500 crore ongoing modernisation work at the facility will make SCL a major player in India’s semiconductor ecosystem.

“There will be no question of privatisation of SCL,” Vaishnaw said while addressing the device…



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No question of privatising SCL, says Vaishnaw



The Semi-Conductor Laboratory (SCL) in Mohali, India’s sole public sector semiconductor facility which is being transformed into a major hub of the nation’s chip-making ambitions, will remain firmly under government control, electronics and information technology minister Ashwini Vaishnaw said on Friday.

The government hopes that the Rs 4,500 crore ongoing modernisation work at the facility will make SCL a major player in India’s semiconductor ecosystem.

“There will be no question of privatisation of SCL,” Vaishnaw said while addressing the device…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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