On the inauguration of two new semiconductor plants, one in Gujarat and one in Assam – Tata Sons Chairman Natarajan Chandrasekaran said the projects led by Tata Sons will have a lasting impact on the nation.
On Wednesday, Prime Minister Narendra Modi laid the foundation stones for three semiconductor plants Tata Electronics Fab and Outsourced Semiconductor Assembly and Test (OSAT), and CG Power’s OSAT. All three units were inaugurated virtually.
The three projects had received Cabinet nod on February 29 this year and are their combined worth is over Rs 1.25 lakh crore. The proposed investment for Tata-PSMC chip foundry is Rs 91,000 crore, the Tata OSAT facility Rs 27,000 crore, and the CG Power-Renesas, Rs 7,600 crore.
Tata Electronics Private Limited (TEPL) is setting up a Rs 91,000 crore Semiconductor fabrication facility at the Dholera Special Investment Region (DSIR) and a Rs 27,000 crore Outsourced Semiconductor Assembly and Test (OSAT) facility in Morigaon, Assam.
Speaking on the inauguration, Chandra said: “Today is a special day for the Tata Group — with the foundation laying stone being laid for our proejcts in Dholera and Jagiroad 2,500 km apart.
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