Groundbreaking for three semiconductor plants likely next week
Union Cabinet cleared the proposals entailing investments of $15.14 billion, officials told ET.
The projects include an $11 billion semiconductor fab facility, the country's first, to be built by the Tata Group in at Dholera in Gujarat. The other unit proposed by the conglomerate involves a Rs 27,000 crore chip assembly, testing, marking and packaging facility at Morigaon in Assam. Murugappa Group's CG Power will be setting up a chip assembly facility at Sanand in Gujarat at a cost of Rs 7,600 crore.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitConstruction of the plants is likely to begin in 60-70 days.
Chief ministers, union ministers, key government officials and top executives from the companies are likely to be present at the events, the officials said.
The Tata Group has tied up with Taiwan’s Powerchip Semiconductor Corp to set up the semiconductor fabrication unit in Gujarat. Japan's Renesas and Thailand's Stars Microelectronics are CG Power’s partners in the Sanand project.
Union IT and electronics minister Ashwini Vaishnaw told ET last week that all clearances and land allocation for the semiconductor plants were being fast tracked.
«The land bank has already been identified and demarcated (at all three places). The (land) allocation should happen in a few days. The permits are all
