Tata Group To Build New Semiconductor Factory In Gujarat, Along With Other Expansion Plans (Image: Youtube/PMO India)
Tata Group has announced its plan to build a semiconductor factory in Gujarat. The Group’s Chairman, N Chandrasekaran, spoke of this at the 10th Vibrant Gujarat Global Summit, along with other expansion plans. He said that the semiconductor factory would be built at Dholera in Gujarat.
“Gujarat is a very special place for us,” said N Chandrasekaran, recalling the origins of Tata Group from Gujarat at Navsari, the birthplace of the Group”s founder Jamsetji Tata. While speaking of the Group’s expansion plans, he announced a big 20 GW giga factory for the manufacture of lithium ion batteries in Sanand, “we concluded and are about to launch the building of a huge giga factory of 20 GW of lithium-ion batteries in Sanand. The project should start construction in the next couple of months,” he said.
Mr. N Chandrasekaran said that “the group employs over 50,000 people in the state of Gujarat,” and that recently the Tata Group has “made significant commitments to expand” their “presence in the state of Gujarat.” He added that the Group has expanded its footprint in Sanand, in the electric vehicles (EV) segment to meet the growing demands, with additional capacity, as the place was turning into a home for EV technology.
The Tata Group”s new semiconductor factory can be seen as a boost to India’s semiconductor ecosystem. In more developments in the semiconductor segment, Micron, a US-based semiconductor firm is also starting a chip making unit in Gujarat, which a first in India. The company is to invest Rs 2.75 billion. Simmtech, South Korean firm would also be establishing a chip component plant in Gujarat. This is expected to compliment Micron’s unit, reported the Deccan Herald.
Last year, the Prime Minister had encouraged firms to set up semiconductor plants in Gujarat. The state of Gujarat has a semiconductor policy 2022 – 2027, which offers incentives to firms for operating in the state.
Calling Gujarat, the “gateway to the future,” the Tata Group Chairman also touched upon the progress of the Gujarat state, saying that it was a steady progress over a consistent period which shows the leadership of the Prime Minister Narendra Modi.
There was also a mention of the C295 defence aircraft, that the Tata Group was building in Dholera, which was initially in Vadodara. During the session, the Chairman also touched upon the Group’s partnership with the Government of India and Gujarat Government, in building a skills institute, which would be built over 3.2 lakh sq ft, which, when operational, is expected to train above 25,000 professionals each year in fields such as advance manufacturing, EV, advance electronics and hospitality. The first phase of the project to set to be launched in the month of March this year.
