PM Modi lays foundation stone of India's first commercial semiconductor fabrication facility
Modi laid the foundation stone of the chip fabrication unit of Tata-Powerchip Semiconductor Manufacturing Corp at Dholera on March 13. He also inauguated the CG Power-Renesas outsourced assembly and test (OSAT) facility at Sanand (Gujarat) and the Tata OSAT unit at Morigaon (Assam). All three units were inaugurated virtually.
On the occasion, the Prime Minister also addressed the youth across the country on the occasion. This is a historic day for India, the PM said, calling it a significant achievement and a first step towards a brighter future.
The three projects had received Cabinet nod on February 29 this year.
A day ahead of the inauguration, a post by Modi on social media platform X read: «13th March 2024 — a special day in India's efforts to become a hub for semiconductors. Tomorrow, will take part in the ‘India’s Techade: Chips for Viksit Bharat’ programme and lay the foundation stones for three semiconductor facilities worth over Rs. 1.25 lakh crore. Among the highlights of the programme will be the participation of students from over 60,000 institutions.»
Combined, the three projects are worth over Rs 1.25 lakh crore. The proposed investment for Tata-PSMC chip foundry is Rs 91,000 crore, the Tata OSAT facility Rs 27,000 crore, and the CG Power-Renesas, Rs 7,600 crore.
According to the government, these facilities will go a long way in boosting the semiconductor ecosystem in the country, besides generating thousands of jobs in the semiconductor industry apart from catalysing employment generation in
