New Delhi: Prime Minister Narendra Modi has laid the groundwork for three new semiconductor plants, collectively valued at over Rs 1.25 lakh crore, in a move expected to position India as a global hub for semiconductors. These investments, approved by the cabinet on February 29, include the Tata-PSMC chip foundry (Rs 91,000 crore), Tata OSAT facility (Rs 27,000 crore), and CG Power-Renesas (Rs 7,600 crore). 

Union Minister Rajeev Chandrasekhar, speaking at the event virtually, highlighted India’s historic lack of a robust tech ecosystem despite its vast potential. He emphasized the importance of nurturing Indian talent in next-gen chip design, semiconductor research, and manufacturing. Chandrasekhar hailed the inauguration of the three semiconductor plants by Prime Minister Modi as a significant step towards creating opportunities nationwide, particularly in Assam and Gujarat. 

The newly inaugurated facilities include a semiconductor fabrication facility in the Dholera Special Investment Region (DSIR), Gujarat, and Outsourced Semiconductor Assembly and Test (OSAT) facilities in Morigaon, Assam, and Sanand, Gujarat.