HomeBusinessIndia to become one of biggest chip hubs in next 5 years:...

India to become one of biggest chip hubs in next 5 years: Ashwini Vaishnaw

New Delhi, April 24 (IANS) India has commissioned four semiconductor manufacturing units and in the next five years, the country will become one of the biggest semiconductor hubs in the world, Union Railways and IT Minister Ashwini Vaishnaw has said.

In a wide-ranging interview with IANS, the Union Minister said that in the coming years, Prime Minister Narendra Modi will lay the foundation for the further growth of the industry that will create thousands of jobs.

“There is a clear policy on bringing state-of-the-art technologies to India — be it Artificial Intelligence, Electric Vehicles or semiconductors. Such policies have been made so that the youth of the country can get more employment options and domestic startups can be benefitted,” Ashwini Vaishnaw noted.

Semiconductor manufacturing remained only a dream since 1960 and PM Modi finally fulfilled that dream.

“Four (chip) units have been commissioned today. Technology is developing. Construction is going on fast. There is complete preparation to release the first chip from Micron’s Sanand plant in December itself,” said the Union Minister.

Moreover, the plant that is being set up in Assam will use the chips made there in the world’s biggest EVs, Ashwini Vaishnaw informed.

“In a way, India has a huge potential because we are very strong in semiconductor design. In this spirit, PM Modi has taken a pledge to bring semiconductor manufacturing to India and in the next five years, India will become one of the biggest semiconductor hubs in the world,” the IT Minister elaborated.

“The biggest semiconductor hub will be built in the country. We will work for that effort with the same determination,” he said.

In March, PM Modi laid the foundation stone of three semiconductor projects worth Rs 1.25 lakh crore.

The chip fabrication facility at the Dholera Special Investment Region (DSIR) in Gujarat is being set up by Tata Electronics Private Limited (TEPL) with a total investment of more than Rs 91,000 crore.

The Outsourced Semiconductor Assembly and Test (OSAT) facility in Morigaon, Assam is being set up by TEPL for Semiconductor Assembly, Testing, Marking and Packaging (ATMP), with a total investment of about Rs 27,000 crore.

The OSAT facility in Sanand, Gujarat is being set up by CG Power and Industrial Solutions Limited for Semiconductor Assembly, Testing, Marking and Packaging (ATMP) with a total investment of about Rs 7,500 crore.

The first ‘Make in India’ chip is all set to arrive in December, from the Rs 22,500 crore Micron semiconductor plant in Gujarat that started work late last year.

–IANS

na/rad

Go to Source

Disclaimer

The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

For any legal details or query please visit original source link given with news or click on Go to Source.

Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.

If you are not willing to accept this disclaimer then we recommend reading news post in its original language.

RELATED ARTICLES
- Advertisment -

Most Popular