PM Modi lays foundation stone of three semiconductor plants, calls it 'a historic day

Prime Minister Narendra Modi on Wednesday laid the foundation stone of three semiconductor facilities, worth about ₹1.25 lakh crore, including two plants in Gujarat and one in Assam.

A historic day for India: PM Modi

Addressing the event, PM hailed it as "a historic day" for India and added that the nation was "taking a strong step towards a bright future." He also said when India commits, it delivers, referring to his government's commitment to make the country a semiconductor manufacturing hub.

The 'Made in India' semiconductor chips will take the country towards self-reliance and modernity, he said.

He said the earlier governments committed scams of thousands of crores, but they could not invest thousands of crores for the development of the semiconductor industry.

India's semiconductor push & Tatas

Out of the three facilities, two are being set up by the Tatas in Gujarat and Assam. Speaking on this occassion Tata Sons Chairman Natarajan Chandrasekaran said, "It is very important for India to become a semiconductor nation. I am very glad that Tata Group has been able to establish the first semiconductor fab (in Guajarat) and also the first indigenous assembly unit in Assam."

An ambitious manufacturing goal

N Chandrasekaran also said, "Typically a fab takes four years (to start production), our goal is to produce the chip in the calendar year 2026 - hopefully the latter part of the year. We have a very aggressive timeline."

The three semiconductor projects launched on Wednesday include India's first fab facility at Dholera in Gujarat, Outsourced Semiconductor Assembly and Test (OSAT) facility at Sanand in the state, and an OSAT facility in Morigaon, Assam.

Also Watch: Tata-PSMC semiconductor plant in Dholera aims to roll out its first chip by late 2026