Tatas’ investment in Gujarat : Gujarat to Witness Massive Fab Manufacturing Boost, Telecom Minister Announces at Global Summit! During the tenth edition of the Vibrant Gujarat Global Summit, Telecom Minister Ashwini Vaishnaw revealed that Tata Group’s significant investment in fab manufacturing in Gujarat (Tatas’ investment in Gujarat) is set to make a profound impact. The government is gearing up to present a Cabinet note for approvals, highlighting the broad spectrum of opportunities from fab to OSAT (Outsourced Semiconductor Assembly and Test).
Vaishnaw emphasized the colossal nature of the proposed semiconductor chips manufacturing factory in Dholera, terming it a ‘very big investment.’ With considerable progress already made, the project is poised to enter the construction phase shortly after Cabinet approval.
Tatas’ investment in Gujarat will be big
Tata Sons Chairman Natarajan Chandrasekaran announced on January 10, 2024, the conglomerate’s plan to establish a fab in Dholera, Gujarat. Chandrasekaran indicated that the company is on the brink of finalizing and unveiling a substantial semiconductor fab in the state, scheduled to commence in 2024.
However, a technical partner is essential for project execution, and Tata Group is actively seeking collaboration. The government did not approve the application of Vedanta Limited, led by Anil Agarwal, due to the absence of a technical partner. Vaishnaw confirmed that Tata Group will forge ties with a technical partner for the project but refrained from disclosing details.
India has allocated a $10 billion incentive to foster the development of a semiconductor manufacturing ecosystem in the country. Major companies like US-based Micron Technology and AMD have committed investments in semiconductor manufacturing plants. Additionally, India has joined forces with the US, Japan, and the European Union to establish a robust semiconductor supply chain and drive innovation. Simmtech, a critical parts maker in the semiconductor industry, recently inked an MoU with the state government, pledging a substantial investment of 1,250 crore in the sector.
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