PM Modi Set to Inaugurate Three Semiconductor Projects Valued at ₹1.25 Lakh Crore

Prime Minister Narendra Modi has described the upcoming event as a “special day” in India’s ambition to become a semiconductor powerhouse.

Today, through a video conference, Prime Minister Modi will inaugurate three semiconductor ventures, collectively valued at around ₹1.25 lakh crore. He will also speak to the nation’s youth during this event, as announced by the Prime Minister’s Office (PMO).

The inauguration will cover three key initiatives: a Semiconductor fabrication unit in Dholera Special Investment Region (DSIR), Gujarat; Outsourced Semiconductor Assembly and Test (OSAT) facilities in Morigaon, Assam, and Sanand, Gujarat.

On the 13th of March, 2024, marking a significant step in India’s journey towards becoming a semiconductor hub, Modi will participate in the ‘India’s Techade: Chips for Viksit Bharat’ event to lay the foundation for these semiconductor projects valued at more than Rs. 1.25 lakh crore, as stated in his message on X.

Modi has encouraged the engagement of students from over 60,000 institutions in this program, especially urging tech enthusiasts among the youth to attend.

These projects align with the Prime Minister’s vision of making India a leading player in semiconductor design, manufacturing, and technological advancement, thus opening up vast employment prospects for Indian youth, as per the PMO.

The semiconductor fab in the Dholera Special Investment Region (DSIR) will be set up by Tata Electronics Private Limited (TEPL) as part of the Modified Scheme for establishing semiconductor fabs in India. This project, with an investment of over Rs. 91,000 crore, is poised to be the commencement of the nation’s first commercial semiconductor fab.

In Morigaon, Tata Electronics Private Limited (TEPL) will develop an Outsourced Semiconductor Assembly and Test facility as part of the Modified Scheme for Semiconductor Assembly, Testing, Marking, and Packaging (ATMP), involving an investment of about ₹27,000 crore.

Similarly, CG Power and Industrial Solutions Limited will establish an OSAT facility in Sanand under the same scheme, with an approximate investment of ₹7,500 crore.

These steps are aimed at strengthening India’s semiconductor ecosystem, laying a robust foundation for its future growth. They are anticipated to not only create thousands of jobs within the semiconductor sector but also promote employment in related fields such as electronics and telecommunications.