Govt Proposes To Invest Rs 1,227 Crore Through EDF To Push IPR In Electronics

- Advertisement -
- Advertisement -

The government has proposed to give Rs. 1,227 crore to improve intellectual property in the field of information technology and electronics.

According to information updated on Ministry of Electronics and IT, the total corpus recommended to be invested by 22 daughter fund in technology firms is around Rs 10,906 crore, in which government has proposed to contribute Rs 1,227 crore, subject to final approval of the EDF board.

- Advertisement -

Meity spokesperson informed PTI that EDF will be investing in 13 daughter funds over a period of 4-5 years. The person further stated that the total targeted corpus of these 13 daughter funds is Rs 6,950 crore and the amount committed by EDF to these 13 daughter funds is Rs 857 crore. 

Electronics Development Fund (EDF) is set up as a “Fund of Funds” to participate in professionally managed “daughter funds”. The daughter funds, which directly connect with beneficiaries, in turn, are providing risk capital to companies developing new technologies and IPRs in the area of electronics, nano-electronics and information technology.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Ascend Performance Materials: Pioneering Innovation in the Electronics Sector

0
Bridging material advancements in plastics and technological progress, Ascend leads with customised solutions for a safer, reliable and greener tomorrow. Q. How would you explain...

DigiKey Expands Portfolio With 3PEAK

0
This collaboration adds amplifiers, interface components, data converters, and more, catering to industries such as communication, industrial, medical, and automotive.  In a strategic move aimed...

“Automotive And Medical Will Adopt More Printed Electronics”

0
The automotive industry is experiencing a revolution. But is this revolution limited to the evolution of powertrains? Salil Musale, MD, Naxona (Astarc Group), chats...

Buzz

India’s First Portable Liquid-Cooled E-Scooter Battery Unveiled By Bounce Infinity & Clean Electric

0
The efficient thermal management system of the liquid-cooled battery prevents overheating, thus improving both the safety and longevity of the battery. Bounce Infinity has collaborated...

Tata Electronics Finalizes Semiconductor Agreement With Tesla

0
Ashok Chandak, the head of the India Electronics and Semiconductor Association (IESA), highlighted that Tesla’s initiative to establish a network of domestic suppliers for...

Sterling Tools Targets 40% of Sales from EV Business by FY25

0
This increase is anticipated to come from the EV business segment, which is integral to the company's strategy to diversify its operations. With a certain...

Important Sectors

India’s First Portable Liquid-Cooled E-Scooter Battery Unveiled By Bounce Infinity & Clean Electric

0
The efficient thermal management system of the liquid-cooled battery prevents overheating, thus improving both the safety and longevity of the battery. Bounce Infinity has collaborated...

EV Network Achieves 100 Million Green Kilometers

0
In recognition of its contributions to zero-emission mobility, the company was awarded the 'Shoonya Infrastructure Champion' accolade at the 2nd Annual Shoonya Forum in...

Tata Electronics Finalizes Semiconductor Agreement With Tesla

0
Ashok Chandak, the head of the India Electronics and Semiconductor Association (IESA), highlighted that Tesla’s initiative to establish a network of domestic suppliers for...

Sterling Tools Targets 40% of Sales from EV Business by FY25

0
This increase is anticipated to come from the EV business segment, which is integral to the company's strategy to diversify its operations. With a certain...

Lanxess, IBU-tec Partner To Develop Iron Oxides For EV Batteries

0
The collaboration focuses on enhancing the performance of LFP (lithium iron phosphate) cathode materials and reducing batteries' carbon footprint. Utilizing local raw materials, the...

Manufacturing

Tata Electronics Finalizes Semiconductor Agreement With Tesla

0
Ashok Chandak, the head of the India Electronics and Semiconductor Association (IESA), highlighted that Tesla’s initiative to establish a network of domestic suppliers for...

Sterling Tools Targets 40% of Sales from EV Business by FY25

0
This increase is anticipated to come from the EV business segment, which is integral to the company's strategy to diversify its operations. With a certain...

Lanxess, IBU-tec Partner To Develop Iron Oxides For EV Batteries

0
The collaboration focuses on enhancing the performance of LFP (lithium iron phosphate) cathode materials and reducing batteries' carbon footprint. Utilizing local raw materials, the...

Log9 Materials Partners With Zeta Energy To Innovate Advanced Battery Systems

0
The collaboration presents substantial advantages for both companies. Zeta Energy's sophisticated lithium-sulfur materials could enable Log9 to enhance overall cell performance, opening up new...

Vulcan Energy Begins Lithium Chloride Production In Germany

0
Listed in both Australia and Frankfurt, the company has secured offtake agreements with automakers such as Volkswagen, Stellantis, and Renault. It reported that its...