New Delhi, Feb 19 (PTI) – India is on the brink of welcoming two substantial semiconductor fabrication plants, each involving a multi-billion dollar investment, along with several chip assembly and packaging units. Minister of Electronics and IT, Rajeev Chandrasekhar, disclosed that among these projects is an $8 billion proposal from Israel-based Tower Semiconductor and another from the Tata Group.
These developments signal a significant stride in India’s semiconductor landscape, attracting major investments and positioning the country as a potential hub for semiconductor manufacturing. Minister Rajeev Chandrasekhar expressed optimism about these projects during an interview, highlighting the growing stature of India in the global electronics and semiconductor domain.
Background of Semiconductor Initiatives:
The Indian government has received multiple proposals for semiconductor manufacturing plants and chip assembly, testing, monitoring, and packaging (ATMP) units. These proposals align with the broader strategy to strengthen India’s position in the semiconductor industry, marking a departure from past neglect.
Tower Semiconductor and the Tata Group are at the forefront, with an $8 billion investment proposal and other substantial commitments in semiconductor fabrication. The government aims to expedite the approval process, anticipating a significant boost to India’s semiconductor capabilities.
Conclusion:
India’s push towards semiconductor self-reliance signifies a strategic shift in its technology landscape. The proposed investments, coupled with ongoing efforts, reflect the nation’s commitment to becoming a prominent player in semiconductor manufacturing, contributing to the global electronics supply chain.
