The funding will probably be completed over the subsequent 5 years.
A 25,000-sq.-foot facility within the satellite tv for pc metropolis of Navi Mumbai was unveiled within the presence of Sachin Tendulkar.
RRP Electronics, an organization backed by Sachin Tendulkar, introduced on Tuesday an funding of Rs 5,000 crore in a semiconductor facility in Maharashtra.
The funding will probably be completed over the subsequent 5 years. However, Tendulkar’s contributions to the whole funding or the specifics of different stockholders haven’t but been revealed. The assertion mentioned that on March 23, a 25,000-sq.-foot facility within the satellite tv for pc metropolis of Navi Mumbai was unveiled within the presence of Tendulkar, retired nuclear physicist Anil Kakodkar, and the corporate’s founder, chairman, promoter, and chief government Rajendra Chodankar.
It is an outsourced semiconductor meeting and testing (OSAT) facility, and there are plans to construct a radical analysis and improvement centre in addition to an enlarged setup that features a fab foundry and multi-line OSAT.
“Embedding a journey of innovation, RRP Electronics has committed an initial investment of Rs 5,000 crore over the next five years with the same determination and commitment for the second phase,” said the assertion. It additionally said that the enterprise, which might cater to industries together with the automotive, electrical energy, electronics and industrial markets, can even be augmented by authorities subsidies.
Rajendra Chodankar known as it because the state’s first semiconductor plant and talked about Sachin Tendulkar as a “strategic investor” within the enterprise. He additional mentioned, “We are living in exciting times right now, as India is developing sectors that will have a positive influence on the globe in the future.”
Tendulkar mentioned that he’s very pleased to be a part of this and serving to applied sciences and entrepreneurs. The semiconductors sector is capital-intensive in response to him and within the current previous, a number of firms have introduced investments in such initiatives.
Speaking on the event, Dr Anil Kakodkar mentioned, “The opening of Maharashtra’s groundbreaking semiconductor facility represents a quantum leap in India’s technological prowess. I am honoured to be part of this transformative journey, propelling our nation towards unparalleled innovation and global leadership in semiconductor technology.”
Apart from this, Sachin Tendulkar additionally owns SRT Sports Management Private Ltd. (SRTSM). By helping children in reaching their full potential by way of programmes and initiatives within the fields of sports activities, schooling, and well being, SRTSM helps younger Indians obtain their goals It was based by Sachin Tendulkar and Dr Anjali Tendulkar.
