Union Cabinet Approves Rs. 3300 Crore Semiconductor Plant in Gujarat: Major Boost to India's Chip Manufacturing Ecosystem
Key Highlights: – Investment: Rs. 3,300 crore by Kaynes Semicon Pvt Ltd. – Location: Sanand, Gujarat. – Capacity: 60 lakh chips per day. – Applications: Industrial, automotive, and consumer electronics.
Background: – Launched ‘Programme for Development of Semiconductors and Display Manufacturing Ecosystem’ on December 21, 2021. – Total investment of Rs. 76,000 crore approved for the semiconductor ecosystem.
Previous Approvals: – In June 2023, the Union Cabinet approved the first semiconductor unit in Sanand. – Three semiconductor units authorized earlier this year.
Ongoing Projects: – Tata Electronics Private Limited (TEPL) and Powerchip Semiconductor Manufacturing Corp (PSMC) in Dholera, Gujarat: Rs. 91,000 crore. – Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) in Assam: Rs. 27,000 crore. – Specialized Chips ATMP Unit by CG Power, Renesas Electronics, and Stars Microelectronics in Sanand: Rs. 7,600 crore. – Progress: Rapid construction and emergence of a robust semiconductor ecosystem.