The Modi authorities on Thursday accepted proposals to arrange three semiconductor items in Gujarat and Assam with an estimated funding of Rs 1.26 lakh crore.
After the Modi cupboard cleared proposals, Union Telecom Minister Ashwini Vaishnaw knowledgeable that the development of all three items will begin throughout the subsequent 100 days.
Three semiconductor plants in Gujarat and Assam
- Tata Electronics Private Limited will arrange a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC), Taiwan. This unit will likely be constructed in Dholera, Gujarat. The plant will entice Rs 91,000 crore funding.
- Tata Semiconductor Assembly and Test Pvt Ltd will arrange a semiconductor unit in Morigaon, Assam, at an funding of Rs 27,000 crore.
- Vaishnaw additionally knowledgeable that CG Power — in partnership with Renesas Electronics Corporation, Japan, and Stars Microelectronics, Thailand — will arrange a semiconductor unit in Sanand, Gujarat.
Investment in the Sanand unit is estimated at Rs 7,600 crore.
Assam CM Himanta Biswa Sarma thanks PM Modi for semiconductor plant for state
After the federal government cleared the proposal, Assam CM Himanta Biswa Sarma thanked Prime Minister Narendra Modi saying that the folks of Assam will stay grateful to him for giving the state a Rs 27,000 crore semi-conductor plant.
“People of Assam will remain eternally grateful to Prime Minister Narendra Modi for giving the State a Rs 27,000 crore Semi-Conductor Plant. This is Assam’s largest-ever private investment and a game changer for the economy of the entire North East.”
“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. This plant by the Tata Group will trigger a new Industry 4.0 revolution in the State… We are deeply thankful to Minister Rajeev Chandrasekhar and the entire team at Ministry of Electronics & IT for navigating all the guardrails and enabling this project to reach fruition. Today’s decision is truly historic and will unleash infinite opportunities for our people.”
With inputs from PTI
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