CORPORATE & BUSINESS
Corporate Deals
Paras Defence Subsidiary to Setup Rs 6,200 Crore OSAT Semiconductor Facility in MP
Paras Semiconductors, a subsidiary of Paras Defence and Space Technologies, announced a Rs 6,200 crore (~USD 644 million) investment in Madhya Pradesh.
The capital commitment will fund an Outsourced Semiconductor Assembly and Test (OSAT) packaging and testing facility.
The operational hub will be developed in the Indore-Ujjain industrial corridor.
Exam Perspective: Investments expanding domestic semiconductor infrastructure align with the India Semiconductor Mission and feature in business awareness.
The capital commitment will fund an Outsourced Semiconductor Assembly and Test (OSAT) packaging and testing facility.
The operational hub will be developed in the Indore-Ujjain industrial corridor.
Exam Perspective: Investments expanding domestic semiconductor infrastructure align with the India Semiconductor Mission and feature in business awareness.
Key Facts / Static GK
Target Region: Indore-Ujjain, Madhya Pradesh
Parent Company: Paras Defence and Space Technologies Ltd.
Parent Company: Paras Defence and Space Technologies Ltd.
Practice Quiz — 23 July 2026
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Answer: (B) Anurag Jain — Anurag Jain has been appointed as the new Chief Executive Officer of NITI Aayog following approval from the Appointments Committee of the Cabinet, taking over from Nidhi Chhibber.
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Answer: (B) North Macedonia — President Droupadi Murmu unveiled a bust of Mahatma Gandhi in Skopje, the capital city of North Macedonia, during her state visit.
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Q4. Which year has been designated as the 'ASEAN-India Year of Maritime Cooperation'?
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