India Greenlights Semiconductor Projects, TILKI Secures $2.2M Funding
The Indian government has approved a series of significant development projects aimed at enhancing its semiconductor manufacturing capacity and critical infrastructure. The Union Cabinet’s decision includes the establishment of four semiconductor plants across the country, alongside major initiatives such as the extension of the Lucknow Metro line and the construction of a hydroelectric project.
New Semiconductor Plants and Infrastructure Initiatives
The approved semiconductor projects, estimated at a total investment of ₹4,594 crore (approximately $558 million), will see the establishment of two manufacturing units in Odisha, one in Andhra Pradesh, and another in Punjab. These projects are expected to create over 2,000 jobs, contributing to India’s growing electronics sector. With this latest approval, the total number of semiconductor projects sanctioned by the government has now reached ten across six states.
In addition to the semiconductor facilities, the Cabinet has also sanctioned the extension of the Lucknow Metro line, which aims to improve urban transport in the region. Furthermore, a new Indian Institute of Management (IIM) will be established in Guwahati, enhancing educational opportunities. The government has also approved the construction of the Tato-II hydroelectric project, which will generate 700 MW of renewable energy, supporting India’s commitment to sustainable development.
TILKI’s Innovative Game Development Platform
In a separate but noteworthy development, UK-based startup TILKI has successfully raised $2.2 million in pre-seed funding, led by Twin Path Ventures. The funds will be used to advance its AI-first game creation platform, which allows users to design interactive games without needing any coding skills. This innovative approach aims to democratize game development and empower storytellers around the globe.
TILKI’s technology is designed to create dynamic and evolving game environments based on player choices, reflecting a shift towards more immersive gaming experiences. The capital raised will facilitate beta launches and the establishment of a marketplace for creators, further enhancing the accessibility of game development.
In addition to these developments, the Bangalore Bruhat Mahanagara Palike (BBMP) has launched an initiative to improve urban forestry. Environmental graduates will be deployed to assess tree health and identify species in the city. Each fellow will receive a monthly stipend of ₹30,000 (around $360). The BBMP is also introducing an insurance policy to cover injuries or fatalities resulting from falling trees, with compensation up to ₹1.7 million (approximately $20,600) for medical expenses.
Furthermore, the cryptocurrency landscape continues to evolve, with Ethereum witnessing an 8% increase to $4,663, just 5% shy of its all-time high recorded in November 2021. This surge is largely attributed to rising institutional investments, with Ethereum-focused treasuries now holding approximately $16.4 billion in ETH. Analysts highlight Ethereum’s role in decentralized finance (DeFi) and its appeal in tokenization as key factors driving its current growth trajectory.
As India progresses with its ambitious infrastructure and technology projects, the focus remains on fostering innovation and enhancing economic development across various sectors.
