Cabinet Approves Two Gujarat Semiconductor Projects
ECONOMY & POLICY

Cabinet Approves Two Gujarat Semiconductor Projects

The Union Cabinet chaired by Prime Minister Narendra Modi has approved two semiconductor projects in Gujarat under the India Semiconductor Mission. The schemes will be established at Dholera and Surat and will attract a combined investment of Rs 39.36 billion (bn) and generate employment for around 2,230 skilled professionals. The approvals form part of a broader government effort to scale domestic semiconductor manufacturing and reduce import dependence. Officials noted the projects will complement earlier ISM approvals and contribute to regional industrial development.

Crystal Matrix Limited will establish an integrated compound semiconductor fabrication and Assembly, Testing, Marking and Packaging facility at Dholera. The unit will manufacture gallium nitride based mini and micro LED display modules, representing the country's first commercial facility of its kind. It will have an annual production capacity of 72,000 square metres of display panels and 24,000 sets of RGB wafers.

Suchi Semicon Private Limited will set up an outsourced semiconductor assembly and test facility in Surat with the capacity to produce over 1,033 million (mn) chips annually. The output is intended for sectors including power electronics, analogue integrated circuits, automotive, consumer electronics and industrial automation. The Surat unit will augment India's OSAT ecosystem and support downstream manufacturing. The production scale is intended to meet domestic demand and reduce reliance on imports in targeted segments.

With these approvals the total number of projects sanctioned under the India Semiconductor Mission has risen to 12 with cumulative investments exceeding Rs 1.64 trillion (tn). Officials added the measures aim to encourage investment in advanced materials and packaging capabilities. Officials said the measures reinforce the policy framework aimed at attracting strategic technology investments and building local supply chains. The two projects are presented as steps towards strengthening domestic capabilities in advanced semiconductor segments.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Union Cabinet chaired by Prime Minister Narendra Modi has approved two semiconductor projects in Gujarat under the India Semiconductor Mission. The schemes will be established at Dholera and Surat and will attract a combined investment of Rs 39.36 billion (bn) and generate employment for around 2,230 skilled professionals. The approvals form part of a broader government effort to scale domestic semiconductor manufacturing and reduce import dependence. Officials noted the projects will complement earlier ISM approvals and contribute to regional industrial development. Crystal Matrix Limited will establish an integrated compound semiconductor fabrication and Assembly, Testing, Marking and Packaging facility at Dholera. The unit will manufacture gallium nitride based mini and micro LED display modules, representing the country's first commercial facility of its kind. It will have an annual production capacity of 72,000 square metres of display panels and 24,000 sets of RGB wafers. Suchi Semicon Private Limited will set up an outsourced semiconductor assembly and test facility in Surat with the capacity to produce over 1,033 million (mn) chips annually. The output is intended for sectors including power electronics, analogue integrated circuits, automotive, consumer electronics and industrial automation. The Surat unit will augment India's OSAT ecosystem and support downstream manufacturing. The production scale is intended to meet domestic demand and reduce reliance on imports in targeted segments. With these approvals the total number of projects sanctioned under the India Semiconductor Mission has risen to 12 with cumulative investments exceeding Rs 1.64 trillion (tn). Officials added the measures aim to encourage investment in advanced materials and packaging capabilities. Officials said the measures reinforce the policy framework aimed at attracting strategic technology investments and building local supply chains. The two projects are presented as steps towards strengthening domestic capabilities in advanced semiconductor segments.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement