In a significant move aimed at bolstering India's semiconductor industry, the Union Cabinet has approved the proposal by Kaynes Semicon Pvt Ltd to establish a state-of-the-art semiconductor manufacturing unit in Sanand, Gujarat. This decision aligns with the government's broader objective to develop a robust semiconductor ecosystem within the country.
The proposed semiconductor unit in Sanand will be developed with a substantial investment of ₹3,300 crore. Once operational, the facility will have a production capacity of 60 lakh chips per day, catering to a diverse range of sectors. The chips manufactured at this facility will be utilized in various applications across industries such as automotive, electric vehicles, industrial equipment, consumer electronics, telecom, and mobile phones.
The approval for Kaynes Semicon's unit is a key milestone in India's ambitious Program for Development of Semiconductors and Display Manufacturing Ecosystem. Launched in December 2021 with a total outlay of ₹76,000 crore, this program aims to position India as a global hub for semiconductor and display manufacturing. The Sanand facility is part of a larger initiative to strengthen the country’s technological capabilities and reduce dependence on imported semiconductors.
The construction of this semiconductor unit is part of a broader national effort, with four major semiconductor units being developed across India. The combined investment in these four units is projected to be nearly ₹1.5 lakh crore. Collectively, these units will have the capacity to produce approximately seven crore chips per day, significantly enhancing India's semiconductor production capabilities.
The development of these semiconductor units is progressing at a rapid pace, with the Sanand facility being a crucial component of this initiative. Once completed, these units are expected to not only meet domestic demand but also position India as a competitive player in the global semiconductor market.
This decision underscores the government's commitment to fostering a self-reliant semiconductor ecosystem, which is essential for supporting India's growing digital economy and technological advancements. As these facilities come online, they are expected to generate substantial employment opportunities and contribute to the country's overall economic growth.
In conclusion, the Cabinet's approval of Kaynes Semicon Pvt Ltd's project in Sanand marks a significant step forward in India's journey toward becoming a global leader in semiconductor manufacturing.
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