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NEW DELHI: Authorities on Thursday cleared proposals for 3 semiconductor manufacturing items value Rs 1.3 lakh crore, together with the nation’s first fab manufacturing plant by Tata Group and Taiwanese Powerchip Semiconductor Manufacturing Corp.PSMC) in Gujarat.
This will likely be an enormous push to India’s electronics manufacturing set-up because the chips will likely be made throughout the nation for the primary time. The Cupboard nod, which additionally features a mission involving Japanese Renesas Electronics, follows Rs 22,000 crore testing and packaging unit mission of US firm Micron, that was authorised in June final 12 months (manufacturing is predicted to occur by shut of this 12 months).
“India has taken an enormous leap as we speak in gaining a foothold within the coveted chip manufacturing eco-system. With these items, semiconductor manufacturing and its ecosystem will get established in India,” communications minister Ashwini Vaishnaw mentioned.
Tata Electronics will arrange a Rs 91,000 crore semiconductor fab mission with PSMC at Dholera in Gujarat. The plant can have a capability to supply 50,000 wafers monthly. PSMC is famend for its experience in logic and reminiscence foundry segments.
Tata Electronics mentioned it’s proud to guide India’s entry into international semiconductor fabrication, and mentioned building for the mission will start this 12 months. “This may also speed up our progress in direction of offering high-technology employment alternatives for the youth,” Randhir Thakur, CEO and MD of Tata Electronics, mentioned.
Minister of state for IT & electronics Rajeev Chandrasekhar mentioned a slew of latest proposals are within the pipeline and added that govt expects a complete funding outlook of practically Rs 2.2 lakh crore.
Cupboard has additionally authorised semiconductor unit of Tata Semiconductor Meeting and Take a look at (TSAT) in Assam at an funding of Rs 27,000 crore. Renesas Electronics and Thailand’s Stars Microelectronics’s mission in Sanand in Gujarat at an funding of Rs 7,600 crore has additionally bought inexperienced sign. Govt is near approving a Rs 90,000 crore proposal of Israel’s chipmaker Tower Semiconductors.
Vaishnaw mentioned all of the items will create practically 26,000 direct jobs and one other one lakh oblique ones.
This will likely be an enormous push to India’s electronics manufacturing set-up because the chips will likely be made throughout the nation for the primary time. The Cupboard nod, which additionally features a mission involving Japanese Renesas Electronics, follows Rs 22,000 crore testing and packaging unit mission of US firm Micron, that was authorised in June final 12 months (manufacturing is predicted to occur by shut of this 12 months).
“India has taken an enormous leap as we speak in gaining a foothold within the coveted chip manufacturing eco-system. With these items, semiconductor manufacturing and its ecosystem will get established in India,” communications minister Ashwini Vaishnaw mentioned.
Tata Electronics will arrange a Rs 91,000 crore semiconductor fab mission with PSMC at Dholera in Gujarat. The plant can have a capability to supply 50,000 wafers monthly. PSMC is famend for its experience in logic and reminiscence foundry segments.
Tata Electronics mentioned it’s proud to guide India’s entry into international semiconductor fabrication, and mentioned building for the mission will start this 12 months. “This may also speed up our progress in direction of offering high-technology employment alternatives for the youth,” Randhir Thakur, CEO and MD of Tata Electronics, mentioned.
Minister of state for IT & electronics Rajeev Chandrasekhar mentioned a slew of latest proposals are within the pipeline and added that govt expects a complete funding outlook of practically Rs 2.2 lakh crore.
Cupboard has additionally authorised semiconductor unit of Tata Semiconductor Meeting and Take a look at (TSAT) in Assam at an funding of Rs 27,000 crore. Renesas Electronics and Thailand’s Stars Microelectronics’s mission in Sanand in Gujarat at an funding of Rs 7,600 crore has additionally bought inexperienced sign. Govt is near approving a Rs 90,000 crore proposal of Israel’s chipmaker Tower Semiconductors.
Vaishnaw mentioned all of the items will create practically 26,000 direct jobs and one other one lakh oblique ones.
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2024-02-29 19:25:51
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