The proposed semiconductor manufacturing fab unit will operate on the 28nm technology nodes with wafer size 300mm; and the display manufacturing unit will produce Generation 8 displays catering to small, medium and large applications. To make India as global semiconductor chip manufacturing, the government has notified four schemes with an outlay of Rs 76,000 crore. “Gujarat has had a long history of having an investor-friendly atmosphere and a robust manufacturing base. Additionally, the recent notified semiconductor policy with excellent incentives on capital expenditure, land, water and power has made Gujarat a very compelling choice for his company huge foray into the semiconductor manufacturing sector,” said Vedanta Group Chairman Anil Agrawal.
Why Semiconductor Manufacturing Is Important:
Semiconductors are the brains of modern electronics, enabling technologies critical to economic growth, national security, and global competitiveness. Semiconductors have driven advances in communications, computing, health care, military systems, transportation, clean energy, and countless other applications. And they are giving rise to new technologies that hold the promise to transform society for the better, including brain-inspired computing, virtual reality, the Internet of Things, energy-efficient sensing, automated devices, robotics, and artificial intelligence. Semiconductors’ greatest potential lies ahead.
India’s Approach:
With the recent Rs 76,000-crore incentive package, the country has taken a significant step toward bringing semiconductor and display fab manufacturing here. Along with goals of creating 100 million manufacturing jobs by 2022, increasing the sector’s contribution to GDP to 25% by 2025, and ensuring an annual growth rate of 12-14 percent, the government’s ‘Make-in-India’ scheme is well-thought-out and a step in the right direction. India’s ultimate ambition today is to undoubtedly become a major player in the global semiconductor supply chain. While India has previously expressed interest in growing semiconductor production, this is the first time that such a robust plan is being put into action.
Find More News Related to Agreements