Paras Semiconductors Private Limited — a subsidiary of Paras Defence and Space Technologies Limited — signed a Memorandum of Understanding with the Madhya Pradesh State Electronics Development Corporation (SEDC) on July 22, 2026 for semiconductor manufacturing. The partnership aims to establish semiconductor-related manufacturing facilities in Madhya Pradesh, building on India's semiconductor ecosystem push. India's semiconductor policy (incentivising chip design + fabrication + OSAT) is attracting both domestic and international investment. India currently imports ~$20 billion in semiconductors annually and aims to emerge as a global hub by 2030.
Economy
Paras Semiconductors Signs MoU with MP State Electronics Development Corporation for Semiconductor Manufacturing
Key Points
- Paras Semiconductors Private Limited — a subsidiary of Paras Defence and Space Technologies Limited — signed a Memorandum of Understanding with the Madhya Pradesh State Electronics Development Corporation (SEDC) on July 22, 2026 for semiconductor manufacturing
- The partnership aims to establish semiconductor-related manufacturing facilities in Madhya Pradesh, building on India's semiconductor ecosystem push
- India's semiconductor policy (incentivising chip design + fabrication + OSAT) is attracting both domestic and international investment
- India currently imports ~$20 billion in semiconductors annually and aims to emerge as a global hub by 2030
📋
📎 Read original source ↗Exam Note
• Paras Semiconductors (Paras Defence subsidiary) + MP SEDC MoU: semiconductor manufacturing (July 22, 2026) • India semiconductor imports: ~$20 billion/year; aim: global hub by 2030 • India semiconductor hubs: Sanand Gujarat (Micron, CG Semi, Tata-PSMC), Pune, Noida • SAMARTH Semiconductor Hub: IIT Gandhinagar; ₹190 crore; 10,000 trained in 5 years
