STPI Centres Come Up In Trivandrum and Kochi

  • Union Minister Rajeev Chandrasekhar facilitated a MoU between IBM and C-DAC to accelerate India’s processor design and manufacturing capabilities for High-Performance Computing. 
  • The upcoming Bharat Semiconductor Research Centre (BSRC) will have a regional center at IIST, Thiruvananthapuram, fostering the city’s Startup and tech ecosystem. 
  • The centers will provide state-of-the-art facilities to emerging tech startups, enabling them to innovate, grow, and compete globally. 
  • Chandrasekhar toured the Incubation Centre and engaged with startups, highlighting the opportunity for Thiruvananthapuram to be a catalyst for India’s digital economy growth. 
  • He emphasized the need for startups and young Indians in Kerala to join the journey of progress in the semiconductor ecosystem.


Future Design Program Launched In India


  • The Future DESIGN program aims to empower startups and foster an Indian innovation ecosystem in semiconductors. 
  • The program aims to empower startups and foster an Indian innovation ecosystem in the field of semiconductors. 
  • The government is offering opportunities, roadmaps, and funding to students in Independent India. 
  • The semiconductor market is expected to grow by $110 billion by 2027-2029, with global majors setting up their units in India. 
  • The government is investing about Rs 1,000 crore in this area to fund startups. 
  • The India Techade will shape Indian startups and large companies in the coming decade. 
  • The government is doubling down on a strategy that includes RISC V and IBM’s Power, which will build multiple applications. 
  • Around 26 billion dollars of investment proposals have been received, with multinational companies like Micron, Tower, PSMC Taiwan, and TATAS building multi-billion-dollar manufacturing facilities. 
  • The government has created a vibrant, fast-charging, globally competitive Startup ecosystem in the last two years.
Posted in Current Affairs.