“Pivotal moment…” Tata Sons Chairman as PM Modi lays foundation stone for 3 semiconductor plants
Mar 13, 2024
Mumbai, March 13 (ANI): India will soon start commercial production of semiconductors and related products and become a global power in this sector similar to the technology, nuclear, and digital spaces, said Prime Minister Narendra Modi as he laid foundation stones for three new semiconductor plants in the country on Wednesday. In India's endeavour to ramp up its semiconductor ecosystem, three new chip plants - two in Gujarat and one in Assam are being set up- in addition to the under-construction chip plant at Sanand in Gujarat. Tata Group is setting up two of these three new plants. Tata Sons Chairman Natarajan Chandrasekaran said, "It is definitely a pivotal moment. It is a very important day. Semiconductor is fundamentally required for anything digital. So, it is very important for India to become a semiconductor nation. I am very glad that Tata Group has been able to establish the first semiconductor fab also the first indigenous assembly unit in Assam. Assam will see a lot of prosperity and jobs and will change the face of that part of the world with this specific investment...We are accelerating the timeline. Typically a fab takes 4 years, our goal is to produce the chip in the calendar year 2026 - hopefully the later part of the year...We have a very aggressive timeline...Assam will be done earlier, we may go commercial production in Assam even in late 2025 and early 2026."
