Semiconductor materials and electronic components manufacturer AEIM has announced plans to invest Rs 100 billion in its Raipur-based facility by 2030, the company said on Monday.

In a regulatory filing, the firm confirmed it has been allotted 11.28 acres of prime industrial land in Kosala Industrial Park, Nava Raipur, by the Nava Raipur Atal Nagar Vikas Pradhikaran (NRDA) for its semiconductor materials manufacturing plant.

Construction of the state-of-the-art facility will begin immediately. AEIM said it will use advanced post-tensioned slab technology to speed up construction, with the first phase targeted for completion by May 2026.

Chennai-based Artificial Electronics Intelligent Materials Limited (AEIML) noted that the investment is supported by Chhattisgarh’s industrial policy, which offers a capital subsidy of up to 40 per cent.

“This state-of-the-art facility will establish Raipur as a recognised semiconductor hub in India. With our planned investment of Rs 100 billion by 2030, we expect to create over 4,000 high-skilled jobs, nurture engineering talent and drive significant economic growth in the region,” said Vishaal Nandam, Executive Director of AEIM.

The new facility will focus on advanced semiconductor materials such as sapphire ingots and wafers, along with next-generation electronic substrates. Commercial production is expected to begin in Q3 2026, positioning AEIM as one of central India’s most ambitious high-tech manufacturing ventures.