27 March 2024 – Former Indian cricket icon Sachin Tendulkar is set to make a significant foray into the semiconductor industry through RRP Electronics, a company he supports. The company revealed plans to invest Rs 5,000 crore over the next five years in Maharashtra, signaling a major stride towards bolstering India’s semiconductor manufacturing capabilities.
RRP Electronics, with Sachin Tendulkar as a prominent supporter, unveiled its ambitious investment strategy for a semiconductor facility in Maharashtra. The Rs 5,000 crore investment will unfold over the next half-decade, aimed at establishing a robust semiconductor ecosystem in the region. While specific details about Tendulkar’s contribution remain undisclosed, the company emphasized its commitment to substantial financial backing from various stakeholders.
On March 23, RRP Electronics inaugurated a 25,000 square feet facility in Navi Mumbai, signaling the commencement of its semiconductor venture. The event witnessed the presence of Tendulkar, renowned nuclear physicist Anil Kakodkar, and the company’s founder and chairman, Rajendra Chodankar. Initially focusing on outsourced semiconductor assembly and test (OSAT), the facility aims for expansion into comprehensive research and development initiatives, alongside the establishment of multi-line OSAT and a fab foundry setup.
Highlighting the venture’s significance, Chodankar termed it Maharashtra’s trailblazing semiconductor endeavor, with Tendulkar identified as a pivotal strategic investor. The company emphasized leveraging government subsidies to bolster its operations, targeting various sectors including automotive, power, electronics, and industrial markets.
Tendulkar expressed his enthusiasm for supporting ventures driving technological innovation and contributing to India’s industrial progress. The semiconductor sector’s capital-intensive nature underscores the importance of such investments, aligning with India’s ambitions to become a global semiconductor manufacturing hub.
