Live
- Time to make Indian GI-tagged products advance from ‘Gaon Se Global’: Minister
- PM Vishwakarma Yojana empowers women in J&K's Poonch to pursue self-employment
- ‘Kannappa’ release date announced at Shri Mahakaleshwar Temple in Ujjain
- PM Matsya Sampada Yojana opens doors of employment in Bihar’s Nalanda
- Japan's Saitama reports first bird flu outbreak this season
- ‘Srikakulam Sherlock Holmes’ to hit screens this Christmas
- ‘Mr Manikyam’ FL unveiled; promises a tale of human values
- ‘M4M’ Hindi trailer gets a grand launchat Goa IFFI
- ESA’s Proba-3 Mission Reaches Milestone with Successful Fueling, Set for December 2024 Launch
- Kejriwal tells Delhi voters to back AAP’s single-engine, shun BJP’s double-engine govt plan
Tata to announce semiconductor fab investment in India's Gujarat
Tata Group is close to announcing plans to build a new semiconductor fabrication plant in India's Gujarat state this year, Tata Sons chairman Natarajan Chandrasekaran said on Wednesday at an investment summit
GANDHINAGAR: Tata Group is close to announcing plans to build a new semiconductor fabrication plant in India's Gujarat state this year, Tata Sons chairman Natarajan Chandrasekaran said on Wednesday at an investment summit.
The comments came at the Vibrant Gujarat Global Summit, a business event being held in Prime Minister Narendra Modi's home state in one of his last major efforts to draw investments before a re-election bid.
Chip manufacturing is a key plank of Modi's business agenda, but initial bids to offer $10 billion in incentives to the chipmaking industry have floundered, with some proposals stalled or cancelled.
Tata Group "is on the verge of concluding and announcing a huge semiconductor fab in Dholera (of Gujarat), and we are about to complete this negotiations and start in 2024," Chandrasekaran said.
Tata Group will also begin construction of a 20 gigawatts battery storage factory in Gujarat in the next couple of months, he added.
