The Narendra Modi Government has given the green light to establish three semiconductor units, marking a significant milestone in Bharat’s industrial landscape. With an estimated investment of Rs 1.26 lakh crore, these ventures promise to bolster the nation’s technological capabilities and economic growth.
Union Telecom Minister Ashwini Vaishnaw announced the construction for all three units is slated to commence within the next 100 days, indicating a swift progression towards realising this ambitious goal.
Tata Electronics Private Limited, in collaboration with Powerchip Semiconductor Manufacturing Corp or PSMC from Taiwan, is set to spearhead the construction of a semiconductor fab in Gujarat’s Dholera. This mammoth project is expected to draw an investment of Rs 91,000 crore, marking a significant infusion of capital into the region’s economy.
Simultaneously, Tata Semiconductor Assembly and Test Pvt Ltd will establish a semiconductor unit in Assam’s Morigaon, representing an investment of Rs 27,000 crore. This move not only marks Assam’s largest-ever private investment but also holds the potential to transform the economic landscape of the entire Northeast region.
Additionally, CG Power, in partnership with Renesas Electronics Corporation, Japan, and Stars Microelectronics, Thailand, will set up another semiconductor unit in Sanand, Gujarat, with an investment of Rs 7,600 crore, further cementing Bharat’s position in the global semiconductor market.
The approval of these projects has been met with gratitude and enthusiasm, particularly from Assam CM Dr Himanta Biswa Sarma, who expressed heartfelt appreciation to Prime Minister Narendra Modi for his visionary leadership. Dr Himanta highlighted the transformative impact of the semiconductor plant, describing it as a “game changer” for the region’s economy.
“I am extremely thankful to Union Minister Ashwini Vaishnaw for working behind the scenes for the last one year to ensure Assam secures this investment,” remarked CM Himanta, acknowledging the efforts of key stakeholders in facilitating this landmark initiative. He highlighted the significance of the Tata Group’s investment, foreseeing a new era of industrial innovation and growth in the State.
