Sunday, June 04, 2023
Outlook India
Outlook Business

Narendra Modi

From near-zero levels just a year and half ago, India is now well on its way to having 100 semiconductor design startups by 2024. Currently as many as 27-30 design and semiconductor start-ups are "doing very good work", he said

The visit is significant for SoftBank, which has been facing losses from its Vision Fund, and comes on the back of a series of stake offloads across listed firms

The made-in-India device is non-invasive blood glucose monitoring health-tech gadget which helps to measure six key body vitals

Prime Minister Lee said the idea of linking PayNow and UPI was first conceived in 2018 when Prime Modi visited Singapore

MapmyIndia and Indrones to jointly offer drones and drone-based solutions across all use cases including surveying, mapping, inspections and real-time monitoring

The fundraise marks the largest ever Series A round in the drone sector led by SphitiCap while also receiving participation from a global investment fund and several HNI angels

These start-ups are eligible to avail of fiscal incentives under the Startup India action plan of the government

Prime minister added that India is also the home to 108 unicorns in the world

Earlier, Garuda Aerospace deployed drones for rescue and relief operations to the Chamoli glacier burst at Uttarakhand and supported the locust control operation in Rajasthan

The Minister for Information and Broadcasting, and Youth Affairs and Sports was speaking at the valedictory function of the 36th Inter-University North Zone Youth Festival (Antarnaad)