SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 14 Mar, 2024  

Modi.9.Thmb.jpg PM Modi to lay foundation stone of 3 chip plants, address youth on job creation

modi.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 13 Mar, 2024
Giving a push to his vision to position India as a global hub for semiconductor design, manufacturing and technology development, Prime Minister Narendra Modi will lay the foundation stone of three semiconductor projects worth about Rs 1.25 lakh crore on Wednesday via video conferencing.

While fostering the creation of employment opportunities, PM Modi will also address the youth across the country, as the programme will see participation of youngsters, including thousands of college students, along with leaders from the semiconductor industry.

The foundation stone is being laid for the semiconductor fabrication facility at the Dholera Special Investment Region (DSIR) in Gujarat; Outsourced Semiconductor Assembly and Test (OSAT) facility at Morigaon, Assam; and the OSAT facility at Sanand, Gujarat.

The Dholera facility will be set up by Tata Electronics under the modified scheme for setting up semiconductor fabrication in India.

With a total investment of over Rs 91,000 crore, this will be the first commercial semiconductor fabrication facility in the country.

The OSAT facility in Morigaon, Assam will be set up by Tata Electronics Private Limited (TEPL) under the Modified Scheme for Semiconductor Assembly, Testing, Marking and Packaging (ATMP), and with a total investment of about Rs 27,000 crore.

The OSAT facility in Sanand, Gujarat, will be set up by CG Power and Industrial Solutions Limited with a total investment of about Rs 7,500 crore.

Through these facilities, the semiconductor ecosystem will be strengthened and will get a firm footing in India.

These units will also provide employment to thousands of youth in the semiconductor industry as well as catalyse employment generation in related sectors like electronics and telecom, etc.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter