RRP Electronics Secures Land for Rs 1.2 Billion Semiconductor Fab
Technology

RRP Electronics Secures Land for Rs 1.2 Billion Semiconductor Fab

RRP Electronics, which plans to set up a Rs 1.2 billion semiconductor fab in Maharashtra, on Friday announced receiving a letter of comfort from the state government for a 100-acre land parcel in Navi Mumbai for the proposed facility.
Maharashtra Chief Minister Devendra Fadnavis presented the letter of comfort to the company at a late event on Thursday, the company, which is backed by legendary cricketer Sachin Tendulkar, said in a statement.
“The company has secured 100 acres in Navi Mumbai for relocating a semiconductor fab from Sherman, Texas, from one of the world’s most established semiconductor companies,” the statement said.
“This acquisition firmly positions Maharashtra at the heart of India’s Semiconductor Mission roadmap. Our government is fully committed to extending all necessary support, be it in infrastructure, policy facilitation, or skill development to ensure the success of this initiative,” the company quoted Fadnavis as saying.
The company stated that the project, with an estimated cost of Rs 1.2 billion, would be one of the region’s largest, most advanced fabs. It will have a capacity to produce 125,000 wafers per month.
RRP Electronics expects to start construction work within six months. The first phase of the project is expected to be commissioned by the second quarter of 2026.
“This acquisition is a landmark step in our journey to make India self-reliant in semiconductors,” Rajendra Chodankar, Chairman of RRP Electronics, said. 

RRP Electronics, which plans to set up a Rs 1.2 billion semiconductor fab in Maharashtra, on Friday announced receiving a letter of comfort from the state government for a 100-acre land parcel in Navi Mumbai for the proposed facility.Maharashtra Chief Minister Devendra Fadnavis presented the letter of comfort to the company at a late event on Thursday, the company, which is backed by legendary cricketer Sachin Tendulkar, said in a statement.“The company has secured 100 acres in Navi Mumbai for relocating a semiconductor fab from Sherman, Texas, from one of the world’s most established semiconductor companies,” the statement said.“This acquisition firmly positions Maharashtra at the heart of India’s Semiconductor Mission roadmap. Our government is fully committed to extending all necessary support, be it in infrastructure, policy facilitation, or skill development to ensure the success of this initiative,” the company quoted Fadnavis as saying.The company stated that the project, with an estimated cost of Rs 1.2 billion, would be one of the region’s largest, most advanced fabs. It will have a capacity to produce 125,000 wafers per month.RRP Electronics expects to start construction work within six months. The first phase of the project is expected to be commissioned by the second quarter of 2026.“This acquisition is a landmark step in our journey to make India self-reliant in semiconductors,” Rajendra Chodankar, Chairman of RRP Electronics, said. 

Next Story
Real Estate

Indian Real Estate Sector Sees Highest Capital Inflow in Seven Years

Equirus Capital, a leading full-service investment banking firm, has reported that India’s real estate sector has witnessed its highest capital inflow in seven years, with funds raised reaching ₹23,080 crore across 12 deals.According to Equirus Capital’s analysis, the cumulative capital raised by the sector since FY18 stands at ₹72,331 crore. Of this, Real Estate Investment Trusts (REITs) accounted for the largest share at ₹31,241 crore, followed by large-cap real estate companies at ₹20,437 crore, mid-cap players at ₹12,496 crore, and small-cap firms contributing ₹8,156 crore...

Next Story
Real Estate

India’s Flex Office Market Set for Record Growth

myHQ by ANAROCK, India’s largest workspace discovery and flexible office solutions platform, has released its Flex Office Market in India 2025 Report, revealing that India is set to become the Asia-Pacific region’s largest flexible office market. The report highlights how flexible workspaces have become a mainstream component of India’s commercial real estate, capturing a growing share of national leasing activity.“Flexible workspaces have evolved from a cost-optimisation tool to a strategic necessity,” said Utkarsh Kawatra, CEO and Co-Founder, myHQ by ANAROCK. “Average corporate d..

Next Story
Real Estate

India Defies Regional Slowdown; Office Leasing on Track for Record High in 2025

India’s office market continues to outperform the broader Asia-Pacific region, emerging as a key growth driver amid regional headwinds, according to Knight Frank’s Asia-Pacific Office Highlights Q3 2025 report. With 8.8 million sq. ft. transacted in the third quarter alone, leasing momentum remains robust. Full-year volumes across Bengaluru, NCR, and Mumbai are projected to reach 50 million sq. ft., surpassing the previous record of 41 million sq. ft. set in 2024.The surge has been fuelled by sustained leasing from Global Capability Centres (GCCs) and renewed activity from third-party IT s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?