India’s efforts to enter the global semiconductor chip manufacturing domain got a shot in the arm this year when US-based chipmaking giant Micron Technology began the construction of its $2.75 billion semiconductor plant in Sanand in Gujarat.
While Prime Minister Narendra Modi’s followers hail him for his enthusiasm in trying to make India a global semiconductor manufacturing hub, the role of his trusted lieutenant, Union minister of electronics and information technology Ashwini Vaishnaw, has not gone unnoticed.
Vaishnaw is unlike most other Union ministers before him. When he took charge at the Ministry of Electronics and Information Technology (MeitY) in July 2021, he had been a parliamentarian for barely two years. Neither did he have any ministerial experience, nor did he have much sway within the Bharatiya Janata Party (BJP). After all, he joined it only after receiving the Rajya Sabha nomination from Odisha in 2019. He was elected unopposed to the upper house, thanks to the support from the Biju Janata Dal.
Vaishnaw brought to the table at MeitY his decadeplus experience as a bureaucrat, coupled with his Ivy League pedigree and familiarity with global corporate structures. He completed M.Tech from IIT, Kanpur, and joined the Indian Administrative Service in 1994 as an Odisha cadre officer.
By 2003, he was walking in the highest corridors of power when he joined the office of then prime minister Atal Bihari Vajpayee as a deputy secretary. Later, he took a hefty loan to pursue MBA at the Wharton Business School in the US. On his return to India, he exited civil service and took up top managerial roles in multinational corporations like General Electric and Siemens one after the other. Before eventually making his foray into politics, the Jodhpur-born engineer even had entrepreneurial stints in Gujarat.
Esta historia es de la edición December 2023 de Outlook Business.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 2023 de Outlook Business.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
DEMAND DRAFT
A new government, a new beginning. However, for industry leaders, it is a time of uncertainty as they wait and watch what policies the new dispensation will enact.
REBEL'S GUIDE TO SUCCESS WITH FOOD
Having started its journey in 2004 as a quickservice restaurant under the brand name Faasos, Rebel Foods, now a unicorn, aims to expand its footprint. Jaydeep Barman, co-founder of Rebel Foods, talks to Vinita Bhatia about the company’s growth plans, focusing on Tier-II and -III cities, licensing as a strategy and more. Edited excerpts:
NATURE BECKONS
When not busy at work, Naivedya Agarwal, co-founder and CEO of manufacturing start-up Runaya, indulges in activities that keep him close to nature, like wildlife photography, safaris, flying and holidays at beaches and the hills
Combining Minimalism and Material Responsibility for Timeless Furniture Pieces
Leading Furniture Industry with Inspiring Innovation, Sustainability, Customization, and Collaboration. EK Designs creates designs with honesty and transparency upholding the strict quality norms.
Participation Over Dictation Leads to Excellence: Girish Avansta
Accellor's innovative Al-backed designs are a result of the whole-hearted participation of every employee
Leading the Charge in Digital Transformation by Pioneering the Future of Enterprise Automation
Areteans is Revolutionizing Business Automation and AI Integration
Recognizing MSME Excellence and Charting the Future: Insights from Outlook Business Spotlight Awards 2024
MSMEs are the \"unsung heroes who keep our industries humming and our dreams soaring.
"Sustainability is an Essential Component of Lubrizol's Corporate DNA"
Bhavana Bindra, Lubrizol's dynamic Managing Director, shares her views on sustainable growth and Lubrizol's impact in India.
Modernizing Mobility: India's Need For A Smarter And Sustainable Passenger Transportation Solution
India is at the forefront of a transformative wave of urbanisation. To combat climate change and urban pollution, upgrading infrastructure and embracing sustainable mobility, particularly in efficient mass transportation systems is an imperative.
Bank Imbalance
As investors turn to more lucrative options, banks in India are seeing sluggish growth in deposits. With a limited arsenal to compete with high returns available elsewhere, they are struggling to balance deposits with the amount of loans they are handing out