Narendra Modi will on Wednesday lay the foundation stone of the Tata-Powerchip Semiconductor Manufacturing Corp chip fabrication unit at Dholera and the CG Power-Renesas outsourced assembly and test (OSAT) facility at Sanand in Gujarat as well as the Tata OSAT unit at Morigaon in Assam. He will inaugurate all three units virtually, an official release from the government said.
“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,” Modi posted on the micro-blogging site X.
ET had reported on March 6 that the government was likely to hold the groundbreaking ceremony of all three units simultaneously, within a fortnight of the project’s receiving the Union Cabinet nod.
On February 29, the cabinet had approved the three projects with a total proposed investment of Rs 1.25 lakh crore. Of this, the Tata-PSMC chip foundry has a proposed investment of Rs 91,000 crore and is being set up at the Dholera