Karnataka closes Rs 22k cr deal to set up semiconductor plant

09 May 2022 CW Team

The state government is installing an Electronics Manufacturing Cluster at Kochanahalli. The semiconductor plant is expected to generate 1,500 high-tech and employment and at least 10,000 ancillary jobs. The plant will significantly boost the industrialisation of the district.

ISMC Director and Next Orbit Founder and Managing Partner Ajay Jalan said that the consortium selected Karnataka for setting up the factory due to water availability, stable power, access to talent, quality of life for talented engineers, and incentive package offered by the state.

Initially, ISMC was planning to set up the plant at Dholera Investment Region in Gujarat, but the state may have lost out due to water. Gujarat also lacks formidable electronic manufacturing and design ecosystem like Karnataka.

Semiconductor manufacturing is water-intensive, which is built in layers on silicon wafers into integrated circuits. After each dozen layers of semiconductors, the silicon wafer is added, which must be rinsed with a massive quantity of water. A great deal of this water is Ultra Pure Water (UPW), which is much purer than drinking water.

Karnataka Rajya Raitha Sangha state president Badagalapura Nagendra told the media that industries in the Mysuru district will harm the environment and that semiconductor manufacturing units require a lot of water. He highlighted that water would be diverted from agriculture to industry.

However, business and industry groups have said that 40% of the water used is recycled.

Chip behemoth Intel reduced its water consumption by over 40% from previous levels due to arid conditions at the site location.

Taiwan Semiconductor Manufacturing Company (TSMC) has undertaken several water conservation efforts, with advances in wastewater treatment at semiconductor plants, resulting in water recycling from 40-70%.

Image Source

Also read: Semiconductor manufacturing to install within 2-3 years: IT minister

International Semiconductor Consortium (ISMC), led by Next Orbit Ventures and Tower Semiconductor as joint venture (JV) partners, signed a Rs 22,900 crore agreement with the Karnataka government to set up a chip-manufacturing plant on 150 acres of land in Kochanahalli Industrial Area in Mysuru. The state government is installing an Electronics Manufacturing Cluster at Kochanahalli. The semiconductor plant is expected to generate 1,500 high-tech and employment and at least 10,000 ancillary jobs. The plant will significantly boost the industrialisation of the district. ISMC Director and Next Orbit Founder and Managing Partner Ajay Jalan said that the consortium selected Karnataka for setting up the factory due to water availability, stable power, access to talent, quality of life for talented engineers, and incentive package offered by the state. Initially, ISMC was planning to set up the plant at Dholera Investment Region in Gujarat, but the state may have lost out due to water. Gujarat also lacks formidable electronic manufacturing and design ecosystem like Karnataka. Semiconductor manufacturing is water-intensive, which is built in layers on silicon wafers into integrated circuits. After each dozen layers of semiconductors, the silicon wafer is added, which must be rinsed with a massive quantity of water. A great deal of this water is Ultra Pure Water (UPW), which is much purer than drinking water. Karnataka Rajya Raitha Sangha state president Badagalapura Nagendra told the media that industries in the Mysuru district will harm the environment and that semiconductor manufacturing units require a lot of water. He highlighted that water would be diverted from agriculture to industry. However, business and industry groups have said that 40% of the water used is recycled. Chip behemoth Intel reduced its water consumption by over 40% from previous levels due to arid conditions at the site location. Taiwan Semiconductor Manufacturing Company (TSMC) has undertaken several water conservation efforts, with advances in wastewater treatment at semiconductor plants, resulting in water recycling from 40-70%. Image Source Also read: Semiconductor manufacturing to install within 2-3 years: IT minister

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..