WebinarsNew
Deep DiveNew
Explore Business Standard
India wants its semiconductor capabilities to reach into everyday products such as cars, televisions and refrigerators, as well as critical power infrastructure in the coming years, Electronics and IT Minister Ashwini Vaishnaw has said, outlining the sheer breadth of chip-making prowess the country aims to build going forward. The minister's vision comes as India steps up efforts to establish a larger presence in the global semiconductor value chain, with the government seeking to move beyond chip assembly and testing, and build capabilities spanning design, fabrication, equipment and materials. Under the second phase of the semiconductor programme, the government has committed Rs 1.27 lakh crore to expand the domestic ecosystem and attract global investments. The government recently said it received about Rs 1 lakh crore in investor interest under the second phase of the semiconductor scheme, and this week saw a slew of big-ticket announcements, including Applied Materials' USD ...
TVS Supply Chain Solutions on Monday said it has signed an initial pact with Japan-based Sankyu Inc to collaborate across supply chain and engineering services. As part of the memorandum of understanding (MoU), Sankyu intends to acquire a 0.5 per cent stake in TVS Supply Chain Solutions (TVS SCS), subject to customary regulatory approvals. Under the partnership, the companies will explore opportunities to deliver enhanced value through a broader portfolio of solutions spanning logistics, warehousing, transportation, engineering services, maintenance and on-site industrial support. The collaboration will initially focus on opportunities in India, where both companies see significant potential to support manufacturing and industrial customers through a broader range of supply chain and engineering services, TVS SCS said in a statement. Over time, the collaboration is expected to expand into other markets across Asia, the Middle East and Africa, leveraging the combined capabilities of
Warehousing developer TVS Industrial & Logistics Parks on Tuesday said it plans to invest Rs 1,000 crore in upcoming projects across Tamil Nadu. The proposed investment, for which the company signed an initial pact with the state government at the VETTRI Tamil Nadu Investment Conclave 2026, is expected to create around 1,500 job opportunities and strengthen the industrial and logistics infrastructure supporting businesses and supply chains across the state, the company, a corporate Grade-A warehousing developer, said in a statement. The conclave brought together investment commitments across key sectors and districts, underscoring the state's focus on accelerating industrial development and employment generation. The continued expansion of industrial activity across Tamil Nadu is driving demand for modern, strategically located infrastructure that can support businesses across different stages of their growth, the company said. As the state advances its ambition of becoming a USD .
TVS Supply Chain Solutions on Thursday announced its entry into the aerospace and defence supply chain market with the formation of a 51:49 joint venture with the Italy-based ALA Group. The collaboration is expected to generate a cumulative revenue of over Rs 2,000 crore by 2031, the company said. The JV will initially focus on opportunities in India, while TVS SCS and ALA will continue to evaluate opportunities to support aerospace and defence supply-chain requirements across select international markets over time, said a company statement. The joint venture, aimed at addressing opportunities in the domestic aerospace and defence sector, will specialise in end-to-end integrated supply chain solutions, including sourcing and supply of aerospace and defence components, kitting and sub-assembly operations, as well as consolidation, imports, warehousing and delivery, the company added. India's defence logistics market is expected to grow at a CAGR of around 8.6 per cent, according to
TVS Supply Chain Solutions has settled its debt dispute with ZTE Telecom India and withdrawn its appeal in NCLAT against an order that rejected insolvency proceedings against the telecom gear manufacturer. Earlier this week, TVS Supply Chain counsel informed the National Company Law Appellate Tribunal (NCLAT) about the settlement and requested withdrawal of the appeal. A two-member NCLAT bench comprising Chairperson Justice Ashok Bhushan and Member (Technical) Barun Mitra allowed the withdrawal for the plea. "Counsel for the appellant (TVS) submits that the matter has been settled between the parties and he may be permitted to withdraw this appeal. Permission is granted," said NCLAT. In October last year, a Chandigarh-based bench of the National Company Law Tribunal (NCLT) had dismissed the insolvency plea filed by TVS Supply Chain after observing a pre-existing dispute between the parties. NCLT in its order had said that the debt claimed by TVS Supply Chain was disputed and unde