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Home Business & Economy

PM lays foundation for 3 chip facilities in Gujarat & Assam

by Blitzindiamedia
March 16, 2024
in Business & Economy
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PRIME Minister Narendra Modi addressed ‘India’s Techade: Chips for Viksit Bharat’ programme and laid the foundation stone for three semiconductor projects worth about Rs 1.25 lakh crore via video conferencing on March 13.

The facilities inaugurated include semiconductor fabrication facility at the Dholera Special Investment Region in Gujarat; outsourced semiconductor assembly and test facility at Morigaon, Assam and the outsourced semiconductor assembly and test facility at Sanand, Gujarat.

The Dholera facility will be set up by Tata Electronics Private Limited under the modified scheme for setting up of semiconductor fabs in India. With a total investment of over Rs 91,000 crore, this will be the first commercial semiconductor fab in the country.

The Assam facility in Morigaon will also be set up by Tata Electronics with a total investment of about Rs 27,000 crore. The facility in Sanand will be set up by CG Power and Industrial Solutions Limited with a total investment of about Rs 7,500 crore.

Speaking on this occasion the Prime Minister said the projects will play a key role in making India a semiconductor hub. He noted the virtual presence of semiconductor industry players from Taiwan.

The Prime Minister lauded the fact that more than 60,000 colleges, universities and educational institutes were connected with this unique event. The Prime Minister termed the programme as the event of the dreams of the youth of the nation as they were the real stakeholders of the future of India. The youth is witnessing how India is working in a multi-pronged fashion for selfreliance and a strong presence in the global supply chain. “A self-confident youth changes the destiny of the nation”, PM Modi added.

Noting the centrality of electronic chips in the technology-driven 21st century, the Prime Minister said that Made in India and Designed in India chips will play a major role in taking India towards self-reliance and modernisation. The Prime Minister said that after missing out on the first three industrial revolutions due to various reasons, India now is moving with an intention to lead Industry 4.0, the fourth industrial revolution.

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