PM Modi Launches 3 Semiconductor Projects Worth INR 1.25 Lakh Crore
The projects include a Semiconductor fabrication facility at the Dholera Special Investment Region (DSIR), Gujarat, along with Outsourced Semiconductor Assembly and Test (OSAT) facilities in Morigaon, Assam, and Sanand, Gujarat.
March 13, 2024. By Abha Rustagi
The projects include a Semiconductor fabrication facility at the Dholera Special Investment Region (DSIR), Gujarat, along with Outsourced Semiconductor Assembly and Test (OSAT) facilities in Morigaon, Assam, and Sanand, Gujarat.
The Dholera Semiconductor fabrication facility, to be established by Tata Electronics Private Limited (TEPL) under the Modified Scheme for setting up of Semiconductor Fabs in India, will see an investment of over INR 91,000 crore, making it the country's first commercial semiconductor fab.
Under the Modified Scheme for Semiconductor assembly, testing, marking and packaging (ATMP), TEPL will also set up the OSAT facility in Morigaon, Assam, with an investment of about INR 27,000 crore.
Additionally, CG Power and Industrial Solutions Limited will set up another OSAT facility in Sanand, Gujarat, with an investment of about INR 7,500 crore.
PM Modi emphasized the historic significance of the occasion, stating that it marks a significant step towards India's bright technological future. He congratulated the nation on the initiation of three major semiconductor manufacturing projects, which are poised to transform India into a semiconductor hub.
Recognizing the centrality of electronic chips in the 21st century, PM Modi stressed the role of 'Made in India' and 'Designed in India' chips in achieving self-reliance and modernization. He outlined India's aspiration to lead the fourth industrial revolution, Industry 4.0, and emphasized the nation's commitment to delivering on its promises.
PM Modi highlighted India's eagerness to contribute significantly to the global semiconductor supply chain and outlined the country's achievements and future plans in the technology sector. He emphasized the potential of semiconductor research to benefit the youth and create advanced technology jobs.
In conclusion, PM Modi expressed confidence that the projects today would create numerous opportunities for the youth and contribute to India's technological advancement on the global stage.
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