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The Union Cabinet has approved a new semiconductor manufacturing unit in Sanand, Gujarat, with an investment of Rs 3,300 crore.
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The plant will produce 60 lakh chips daily, serving various sectors like automotive, electric vehicles, consumer electronics, and mobile phones.
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This move is part of the government’s initiative to strengthen India’s semiconductor industry, with a total budget of ₹76,000 crore.
In a significant move to boost India’s semiconductor industry, the Union Cabinet has approved a new manufacturing unit in Sanand, Gujarat. Kaynes Semicon Pvt Ltd will invest Rs 3,300 crore in the plant, which will produce 60 lakh chips daily. These chips will cater to various sectors, including industrial, automotive, electric vehicles, consumer electronics, telecom, and mobile phones.
This approval is part of the government’s larger initiative to develop India’s semiconductor ecosystem. The Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India, launched in December 2021, aims to strengthen the country’s semiconductor industry with a budget of ₹76,000 crore.
With this new plant, India is expected to attract significant investments in the semiconductor sector. The government has already approved several semiconductor projects, including units in Gujarat and Assam, which are currently under construction. These projects will collectively produce around 7 crore chips daily, making India a significant player in the global semiconductor market.
