Ahmedabad: Tata Group is all set to announce construction of a state-of-the-art semiconductor fabrication plant in Gujarat's Dholera later this year, Tata Sons chairman Natarajan Chandrasekaran announced at the Vibrant Gujarat Summit on Wednesday.
"The Tata Group has also made a commitment and is on verge of concluding and announcing a huge semiconductor fabrication in Dholrea and we are about to complete this negotiations and start in 2024," the chairman announced.
The announcement comes as a significant development to bolster India's semiconductor ecosystem. US-based semiconductor firm Micron Technology is setting up its chip manufacturing unit in Gujarat, a first in the country, with an investment of Rs 2.75 billion.
"I am proud that in June we announced memory assembly and test in Gujarat, first of its kind in India. I thank the state officials for making it possible. We have begun building a world class facility. I visited it yesterday and it is coming up nicely," Company's CEO Sanjay Mehrotra said in his address at the summit.
"We are now preparing for another round of colocation investment in India following Micron's investment plan in Gujarat and I am very pleased to share the progress with the audience today that with the support from the central and state government, we are ready to make a significant investment in India and create thousands of job opportunities for high skilled talents in Gujarat," said Jeffery Chun, global CEO, Simmtech. The South Korean firm Simmtech said it will be establishing a chip component plant to complement the upcoming semiconductor testing and packaging facility by Micron.
The centre and the state government have been aggressively trying to attract semiconductor chip manufacturers in the country. Earlier in July last year, the Prime Minister Narendra Modi offered 50 per cent financial assistance to such firms for setting up their facilities in India. It was announced during a three-day "Semicon India 2023" conference in Gandhinagar.
Gujarat is, perhaps, the only state which has a semiconductor policy-2022-27, providing doles and specific schemes to attract such firms.
Published 10 January 2024, 06:35 IST