production Archives

Bosch To Invest Additional 250 Million Euros In Chip Production Capacity

March 8, 2022March 8, 2022 Loknath Das250, Additional, Bosch, Chip, euros, In, Invest, Million, production, to

Bosch is investing an additional 250 million euros ($282.50 million) in extending chip production facilities at its Reutlingen plant in Germany, the company said on Tuesday. The Reutlingen site had previously been earmarked for 50 million euros of a total of 400 million that the supplier set aside last year for spending on chip production in 2022 across Reutlingen, Dresden and a testing facility in Penang, Malaysia. The largest part of that budget was allocated to expanding its 1-billion-euro Dresden factory producing 300-millimeter wafers, which the group inaugurated in…

Clear signs of revival in industrial production, fixed investment: FM Sitharaman

September 15, 2019September 15, 2019 Loknath DasClear, fixed, FM, In, industrial, investment, of, production, revival, signs

New Delhi: Finance Minister Nirmala Sitharaman on Saturday said there are clear signs of revival of industrial production and fixed investment after economic growth plunged to a six-year low. At a press conference called to announce the third part of the stimulus package for the economy, she said measures are being taken to improve credit outflow from banks. Also, transmission of interest rate cuts is being effected by banks, she said, adding she will meet heads of public sector lenders on 19 September to review the transmission. The Reserve Bank of India (RBI ) has since February…