In a significant development, Tata Group is set to announce plans for the construction of a new semiconductor fabrication plant in Gujarat, India. The announcement was made by Natarajan Chandrasekaran, Chairman of Tata Sons, during the Vibrant Gujarat Global Summit. The decision to establish a chip manufacturing facility aligns with Prime Minister Narendra Modi’s agenda to boost the semiconductor industry in India.
Although previous attempts to attract investments in the sector have encountered hurdles, Tata Group remains optimistic about its new venture. According to Chandrasekaran, the negotiations for the semiconductor fab in Dholera, Gujarat, are nearing completion, with the aim of commencing operations by 2024. The establishment of this facility will not only bolster the region’s economy but also enhance India’s semiconductor manufacturing capabilities.
In addition to the semiconductor fab, Tata Group also disclosed plans to construct a battery storage factory with a capacity of 20 gigawatts in Gujarat. This move highlights Tata’s commitment to the renewable energy sector and showcases their vision for a sustainable future.
Tata’s announcement comes alongside other notable developments at the summit. South Korea’s Simmtech revealed its intentions to open a chip component plant in Gujarat, further bolstering the region’s semiconductor ecosystem. Additionally, U.S. chipmaker Micron plans to establish a semiconductor testing and packaging facility in Gujarat, indicating the growing interest and investment in the state’s chip industry.
Overall, Tata Group’s decision to invest in the semiconductor industry in Gujarat marks a significant step towards strengthening India’s position in the global chip manufacturing landscape. With the construction of the semiconductor fab and battery storage factory, Tata Group is poised to contribute to India’s technological advancement and economic growth in the coming years.
The source of the article is from the blog agogs.sk