Micron’s semiconductor plant will shape India’s tech sector: MoS IT Rajeev Chandrasekhar

Union minister Rajeev Chandrasekhar mentioned India has progressed considerably within the semiconductor ecosystem and the most recent funding proposal by US-based Micron Technology will give a contemporary push to the sector, apart from creating hundreds of job alternatives.

India kicked off a semiconductor mission in December 2021 to make the nation one of many key gamers in such know-how.

“In the last 18 months, India has progressed significantly in the semiconductor industry. American companies’ announcements will also help promote startups in India. Micron’s investment will create 5000 direct jobs. It will create 500 new high-end engineering jobs,” Union Minister of State for Electronics and Technology mentioned on Friday.

“Yesterday’s announcement has given a signal to the youths of India that in the upcoming decades there will be several opportunities of working with American start-ups and can shape the technology sector,” Chandrasekhar mentioned.

On Thursday, hours after Prime Minister Narendra Modi met Micron CEO Sanjay Mehrotra within the US and invited him to spice up semiconductor manufacturing in India. Global semiconductor main Micron introduced plans to construct a brand new meeting and take a look at facility in Gujarat in India with its funding of $825 million. The facility as soon as arrange will tackle demand from each home and worldwide markets.

Micron mentioned it chosen Gujarat on account of its manufacturing infrastructure, conducive business atmosphere and a agency expertise pipeline within the SANAND Industrial Park (Gujarat Industrial Development Corporation – GIDC).

Phased development of the brand new meeting and take a look at facility in Gujarat is predicted to start in 2023, Micron mentioned whereas saying the funding plans. Phase I with 500,000 sq. toes house will begin to turn into operational in late 2024.Micron mentioned it is going to ramp capability steadily over time according to international demand tendencies. Micron expects Phase 2 of the venture, which would come with the development of a facility related in scale to Phase 1, to begin in the direction of the second half of the last decade.

“Micron will receive 50 per cent fiscal support for the total project cost from the Indian central government and incentives representing 20 per cent of the total project cost from the state of Gujarat. The combined investment by Micron and the two government entities over the course of both phases will be up to $2.75 billion,” Micron mentioned.

“We are excited about the steps India is taking to develop the local semiconductor ecosystem,” mentioned Micron President and CEO Sanjay Mehrotra.

“I am grateful to the Indian government and all of the officials involved that made this investment possible. Our new assembly and test location in India will enable Micron to expand our global manufacturing base and better serve our customers in India and around the world,” Mehrotra added.

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