Cabinet Approves One More Semiconductor Unit In Gujarat, India's Fifth
With the objective to develop a vibrant semiconductor ecosystem, the Union Cabinet chaired by Prime Minister Narendra Modi on Monday approved the proposal of Kaynes Semicon Pvt Ltd to setup a semiconductor unit in Sanand, Gujarat. The proposed unit will be setup with an investment of Rs 3,300 crore. As per an official release, the capacity of this unit will be 60 lakh chips per day. The chips produced in this unit will cater to a wide variety of applications which include segments such as industrial, automotive, electric vehicles, consumer electronics, telecom, and mobile phones. The Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India was notified on December 21, 2021 with a total outlay of Rs 76,000 crore.
