Rashi Peripherals, Restar Corp to form semiconductor JV in India

Rashi Peripherals, Restar Corp to form semiconductor JV in India. The joint venture aims to boost domestic semiconductor manufacturing under India’s PLI scheme. Both companies will invest ₹200 crore initially, with plans to scale up to ₹1,000 crore over five years. The move aligns with national efforts to reduce import dependency in electronics.
📊 STOCKS: $RASHIPER $RESTARTCORP | 🏢 SECTOR: Corporate | #MEDIUMIMPACT #Semiconductors