Get All Access for $5/mo

Maharashtra Government Approves RRP Electronics' INR 24,000 Cr Semiconductor Mega Project The company will initially set up an OSAT facility in a 40,000-square feet state-of-the art facility at Mahape, which is expected to be operational by 16th September, 2024.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Rajendra Chodankar, Chairman of RRP Electronics Limited

RRP Electronics Limited, a semiconductor company, has announced that the Government of Maharashtra, at its recent cabinet meeting, has approved its mega project with an investment of INR 24,000 crore in two phases.

The company, to be the first entity to set up a semiconductor plant in Maharashtra, will initially set up an OSAT facility in a 40,000-square-feet state-of-the art facility at Mahape, which is expected to be operational by 16th September, 2024. Besides, the company is going to add more production lines at its new plant at MIDC, Taloja, which is expected to be operational within the next two years.

The company has tied up with design company HMT Zurich, which is going to handhold the company to produce semiconductors at its Mahape facility. OSAT is an outsourced semiconductor assembly and testing facility that procures wafers from manufacturers and produces semiconductor chips.

The company claims that it will create 4,000 jobs in the state of Maharashtra, and it would really go a long way in the overall economic development and technological progress of the state.

Rajendra Chodankar, Chairman of RRP Electronics Limited, said, "This state-of-the-art OSAT facility will reduce our country's reliance on imported semiconductor chips from Taiwan and South Korea by at least 25%. While India has semiconductor production capabilities in Chennai and Gujarat using the OSAT system, this trailblazing project marks a first in the State of Maharashtra."

"Our OSAT facility is a fully automated facility and would be the first of its kind with machinery from the major semiconductor hubs across the world. We would initially supply semiconductor chips to our partner HMT Zurich, and we are in talks with other major players for more orders. The semiconductor policy adopted by both the Central and State of Maharashtra is very encouraging, and the project would entail subsidy of the entire investment made by the company," he added.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.

Growing a Business

Stop Chasing Subscribers — Start Making Money With These Newsletter Hacks

Here's how operators profit from newsletters by turning acquisition costs into revenue and leveraging one audience to build multiple assets.