Tatas' investment in Gujarat fab will be big, project to move for Cabinet approval soon: Vaishnaw
Tata Group's investment for the fab manufacturing in Gujarat will be «very big» and a Cabinet note seeking approvals for the project will be moved «very soon», Union Minister for Electronics and Information Technology Ashwini Vaishnaw said on Thursday. Speaking at the biennial Vibrant Gujarat Global Summit here, Vaishnaw said the Tatas' proposed investment is important because it will be serving a wider spectrum of opportunities, right from fab to OSAT (Outsourced Semiconductor Assembly and Test).
Vaishnaw said the fab proposed in Dhooera will be a semiconductor chips manufacturing factory, which will be a «very big investment».
«Already there is a lot of good progress on it. Very soon, we will take it to the Cabinet and construction will begin after that,» Vaishnaw told reporters.
The Union Cabinet will have to grant approval for the project, he added.
The Union minister also said the Tata Group will tie up with a technical partner to set up the project, but declined to share the name of partner or details of the investment such a bet entails.
Speaking at the tenth edition of the Vibrant Gujarat Global Summit here, Tata Sons chairman N Chandrasekaran had announced that the group intends to build a «huge semiconductor fab» at Dholera, and the salt to software group is in the final stages of negotiations before the project gets started in 2024.
«The Tata Group has also made a commitment, and is on the verge of concluding and announcing a huge semiconductor fab in Dholera, and we are about to complete these negotiations and start in 2024,» Chandrasekaran had said.
