Technology
India Gives Green Light to 15,000 Crore Semiconductor Plant to Tackle Chip Shortage
The central government has approved a 15,000 crore rupee semiconductor manufacturing unit by a global technology firm to address India's domestic chip shortage.
The central government has approved the establishment of a new semiconductor manufacturing facility worth 15,000 crore rupees, marking a green signal for domestic chip production.
The project will be undertaken by a global technology company and is expected to boost India's capacity in the electronics sector, which has been grappling with a shortage of locally produced chips.
The investment, one of the largest in the country's semiconductor push, aims to create a self‑reliant supply chain and generate employment in a major industrial corridor.
The approval aligns with the government's broader Make in India and semiconductor policy objectives, seeking to reduce reliance on imports and position India as a hub for advanced manufacturing.
The project will be undertaken by a global technology company and is expected to boost India's capacity in the electronics sector, which has been grappling with a shortage of locally produced chips.
The investment, one of the largest in the country's semiconductor push, aims to create a self‑reliant supply chain and generate employment in a major industrial corridor.
The approval aligns with the government's broader Make in India and semiconductor policy objectives, seeking to reduce reliance on imports and position India as a hub for advanced manufacturing.