Magazine : 
India Approves Rs 1.3 Lakh Crore Investment in Semiconductor Manufacturing Projects
In a significant development, the Indian government has approved three semiconductor fabrication (fab) manufacturing projects worth Rs 1.3 lakh crore. Industry experts and leaders have lauded this decision, expressing optimism about India's emergence as a global semiconductor manufacturing destination.
The Union Cabinet, led by Prime Minister Narendra Modi, granted approval for the construction of three semiconductor units, set to commence within the next 100 days. These projects are expected to create 20,000 direct jobs in advanced technology and approximately 60,000 indirect jobs.
Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA), stated that by 2027, India is anticipated to have operational fab and Outsourced Semiconductor Assembly and Test (OSAT) units. He added that by the end of the decade, the country may see the establishment of over 10 fabs, 20 OSAT units, and numerous semiconductor product design companies.
The semiconductor fab, with a monthly capacity of 50,000 wafers, will be established by Tata Electronics Private Ltd (TEPL) in collaboration with Powerchip Semiconductor Manufacturing Corp (PSMC) from Taiwan. This facility, to be located in Dholera, Gujarat, will involve an investment of Rs 91,000 crore.
Lt Gen Dr SP Kochhar, Director General of the Cellular Operators Association of India (COAI), praised the government's decision as a positive and commendable step under the India Semiconductor Mission. He emphasized that this move aligns with the vision of 'Atmanirbharta' (self-sufficiency) and contributes to India's aspirations of becoming a global manufacturing and supply chain hub.
The approval of these semiconductor units is expected to propel India towards self-sufficiency, aligning with the broader goals of the 'Digital India' mission. The development is seen as crucial for enhancing technological capabilities, advancing the indigenous industrial ecosystem, generating employment, and attracting more investments to the country.
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