India inaugurated its first SME-led semiconductor chip packaging facility by Sahasra Semiconductors Pvt Ltd in Bhiwadi, Rajasthan, inside ELCINA’s Electronics Manufacturing Cluster at Salarpur, Khushkhera. Union Electronics and IT Minister Ashwini Vaishnaw said electronics production has surged to nearly Rs 13 lakh crore and exports to about Rs 4.24 lakh crore, with mobile phones now leading exports. The facility, backed under the SPECS scheme with investment over Rs 150 crore, uses Class 10K/100K cleanrooms.
DFS has reportedly started seeking data from banks on war hit small and medium enterprises, asking for details on specific sectors affected. People familiar with the matter say banks are being asked about industries such as Morbi based ceramics and restaurants that were hit by LPG shortages, to map the scale of disruption and guide next steps.
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Banks have largely stabilized their balance sheets by moving away from industrial stress and focusing on retail lending, easing the NPA crisis. But the unintended fallout is a squeeze on credit flow to smaller businesses and firms that create jobs, raising concerns about growth and employment as credit shifts to consumers instead.
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