Prime Minister Narendra Modi has set a pivotal moment in India’s technological advancement in motion by laying the foundation stone for three semiconductor projects worth approximately ₹1.25 lakh crore.
This groundbreaking ceremony via video conferencing marks a significant leap forward in India’s ambition to become a prominent global center for semiconductor design, manufacturing, and technology development.
PM Modi laid the foundation stone of three semiconductor projects worth about Rs 1.25 lakh crore.
1. Tata Semicon Fab – Dholera, Gujarat.
2. Tata OSAT – Morigaon, Assam.
3. CG Power OSAT – Sanand, Gujarat. #ModiTransformsIndia 🇮🇳 #PMModi #SemiconductorProjects #Semiconductor… pic.twitter.com/siDKKnWfdO— POWER CORRIDORS (@power_corridors) March 13, 2024
India Begins Semiconductor Fab Manufacturing
The three projects, each strategically located in different states, signify a comprehensive effort to bolster India’s semiconductor ecosystem and foster innovation in the technology sector. Among the projects are the Semiconductor fabrication facility at the Dholera Special Investment Region (DSIR) in Gujarat and the Outsourced Semiconductor Assembly and Test (OSAT) facilities in Morigaon, Assam, and Sanand, Gujarat.
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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… pic.twitter.com/0OQg4k4DjZ
— Narendra Modi (@narendramodi) March 12, 2024
In a statement issued by the Prime Minister’s Office (PMO), PM Modi emphasized the importance of this milestone day, declaring it a momentous occasion in India’s journey towards technological advancement. As part of the “India’s Techade: Chips for Viksit Bharat” program, PM Modi is scheduled to address youth nationwide, encouraging their participation and passion for technology.
₹91,000 crore Investment in Semiconductor Manufacturing in India
The foundation stone laying ceremony underscores the government’s commitment to propelling India’s semiconductor industry to global prominence. With an investment exceeding ₹91,000 crore, the semiconductor fabrication facility in Dholera, to be established by Tata Electronics Private Limited (TEPL), will mark the inauguration of India’s first commercial semiconductor fab.
VIDEO | PM Modi virtually lays foundation stone of three semiconductor projects worth Rs 1.25 lakh crore.
(Full video available on PTI Videos – https://t.co/n147TvrpG7) pic.twitter.com/DAhBfgmZbj
— Press Trust of India (@PTI_News) March 13, 2024
Similarly, the OSAT facilities in Morigaon and Sanand, developed by TEPL and CG Power and Industrial Solutions Limited, are set to revolutionize semiconductor assembly, testing, marking, and packaging.
What is the importance of Semiconductor fab manufacturing?
Semiconductor fabrication, often called fab manufacturing, holds immense importance in technology and innovation. As the cornerstone of modern electronics, semiconductors are the building blocks for various electronic devices, including smartphones, computers, and automotive systems. The significance of semiconductor fab manufacturing lies in its ability to produce intricate components with unparalleled precision and efficiency.
These components form the backbone of virtually every electronic device, enabling computing power, connectivity, and functionality advancements. Moreover, semiconductor fabs are crucial in driving innovation across industries, from healthcare and telecommunications to automotive and aerospace. Countries investing in semiconductor fab manufacturing can bolster their technological capabilities, foster innovation, and fuel economic growth in the rapidly evolving digital landscape.
These projects align closely with PM Modi’s vision to transform India into a hub for semiconductor manufacturing and technology development, generating vast employment opportunities for the country’s youth. The semiconductor industry’s growth is anticipated to stimulate job creation in allied sectors such as electronics and telecommunications, thus propelling India towards a brighter and more technologically advanced future.
Overall, the inauguration of these semiconductor projects symbolizes a significant stride towards achieving India’s technological aspirations, underlining the nation’s commitment to innovation, growth, and global competitiveness in semiconductor technology.
