Tata Group has unveiled ambitious plans to establish a cutting-edge semiconductor fabrication plant in Gujarat, a significant stride in India's quest to emerge as a global chip manufacturing hub.
N. Chandrasekaran, Chairman of Tata Sons, made the announcement during the 10th Vibrant Gujarat Global Summit in Gandhinagar. He revealed that the conglomerate is in the final stages of negotiations for the semiconductor fabrication plant, slated for Dholera in Gujarat, with plans to commence operations in 2024.
Additionally, Tata Group is gearing up to initiate the construction of a substantial 20 gigawatts battery storage factory in Gujarat in the coming months. Chandrasekaran emphasized that this venture aligns with Tata's strategic efforts to fortify its presence in the renewable energy sector, contributing to India's increasing emphasis on sustainable power solutions.
Further expanding its footprint, Tata Group is set to establish one of India's largest iPhone assembly plants in Hosur, Tamil Nadu. Reports suggest that the facility will boast approximately 20 assembly lines and is anticipated to provide employment for 50,000 workers within the next two years, with operations expected to commence in 12 to 18 months.
These initiatives by Tata follow in the footsteps of other global players entering the Indian semiconductor landscape. Micron Technology, a US-based company, commenced the construction of a Rs 22,500 crore facility in Sanand, Gujarat, last September, setting a notable benchmark for India's semiconductor endeavors. Additionally, engineering major Larsen & Toubro (L&T) has announced an investment of up to Rs 830 crore to establish a fabless semiconductor chip design subsidiary, contributing to India's aspirations of becoming a semiconductor hub.
(With Agency Inputs)
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