PM Lays Foundation Stones For Fab & ATMP Investment outlay of INR 1,18,000 crores by Tata Electronics to generate nearly 50,000 direct and indirect jobs

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

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

PIB

With an eye on making India a semiconductor hub, Prime Minister Narendra Modi addressed 'India's Techade: Chips for Viksit Bharat' program and laid the foundation stone for three semiconductor projects worth INR 1.25 lakh crores virtually. Tata Group is setting up two of these three new plants.

The facilities inaugurated today are - Semiconductor fabrication facility at the Dholera Special Investment Region (DSIR), Gujarat, Outsourced Semiconductor Assembly and Test (OSAT) facility at Morigaon, Assam and another OSAT facility at Sanand, Gujarat.

"Today is indeed a special day for the Tata Group – with the foundation stone being laid simultaneously for our projects in Dholera and Jagiroad 2,500 km apart. These semiconductor manufacturing hubs will have a lasting impact on the entire nation. The ecosystem from across the globe will mobilize to have India as their preferred semiconductor destination. We will create more than 50,000 jobs, and this is just the beginning, Chip shortages during the pandemic made us realise our dependency on the international supply chain, as a result, domestic semiconductor industry is integral to indigenous industry," said N. Chandrasekaran, Chairman, Tata Sons.

Tata Electronics' Semiconductor Fabrication Facility in Dholera, Gujarat, is being developed in collaboration with Powerchip Semiconductor Manufacturing Corporation (PSMC) of Taiwan, one of the leading global semiconductor players. With an investment of up to INR 91,000 crores, India's first AI-enabled Fab is poised to generate over 20,000 direct and indirect skilled jobs.

The new semiconductor Fab will manufacture chips for applications such as power management IC, display drivers, microcontrollers (MCU) and high-performance computing logic, addressing the growing demand in markets such as automotive, computing and data storage, wireless communication and artificial intelligence. With a manufacturing capacity of up to 50,000 wafers per month, the fab establishes India as a key supply chain partner in the global semiconductor industry.

The OSAT facility in Jagiroad, Assam, is being developed at an investment outlay of INR 27,000 crore and is expected to create over 27,000 direct and indirect jobs.

Semiconductor assembly and test is a critical part of the semiconductor value chain where wafers manufactured by semiconductor fabs are assembled or packaged and then tested before they are finally used in the desired product. The facility will focus on crucial platform technologies - Wire Bond, Flip Chip, and Integrated Systems Packaging (ISP).These technologies are critical for key applications across the global – like automotive, communications, computing and Artificial intelligence (AI).

The new facilities being developed by Tata Electronics will bring a portfolio of cutting-edge semiconductor technologies, advanced skill set and talent, and a network of semiconductor manufacturing suppliers and ecosystem partners, resulting in foundational development of indigenous semiconductor ecosystem in India. This vision for indigenous semiconductor industry is projected to create over 1,00,000 skilled jobs.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Leadership

What Makes You a Unicorn in Your Industry? Start by Mastering These 4 Pillars

We all want to achieve elusive unicorn status. But how do you attain such a lofty goal among stiff competition, all vying for the same thing?

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Leadership

Why 18 Minutes of Your Day Can Make You Better Than 95% of People

What if I told you that's all you need to surpass 95% of people in any skill? With 18 minutes of focused, consistent effort each day, you can turn small moments into massive progress.

Growing a Business

7 AI Tools That Help You Build a One-Person Business — and Make Money While You Sleep

Who needs a team? These seven AI tools let you automate everything, scale like a beast and reclaim your time.

Money & Finance

5 Money Habits That Separate Successful Entrepreneurs From Struggling Ones

Learn how successful entrepreneurs manage cash flow, invest wisely and build long-term financial stability.