PM to Join Groundbreaking of HCL-Foxconn Chip Facility

24 Feb 2026 CW Team

The facility will be established as an Outsourced Semiconductor Assembly and Test facility by India Chip Pvt. Ltd. under the Modified Scheme for Semiconductor Assembly, Testing, Marking and Packaging. The project has been described as a significant milestone in the national drive for technological self-reliance and in efforts to develop high-end electronics and semiconductor manufacturing. The site selection at YEIDA is intended to leverage regional infrastructure and create a cluster for electronics production.

The investment for the scheme totals more than Rs 37 billion (bn), converted from the original Rs 3,700 crore figure, and is intended to strengthen domestic manufacturing capabilities and reduce import dependence. The project is expected to support key sectors such as mobile phones, tablets, laptops, automotive systems and consumer electronics, thereby contributing to the resilience of global supply chains. It has been presented as aligned with government policy to encourage technology transfer and enhance competitiveness in the semiconductor value chain.

The initiative is expected to foster innovation, skill development and the transfer of manufacturing expertise, and to catalyse growth in ancillary industries. The facility is likely to generate thousands of direct and indirect employment opportunities for engineers, technicians and other professionals. Stakeholders have indicated that the joint venture will contribute to building a robust and self-reliant electronics manufacturing ecosystem and to elevating India’s stature in the global semiconductor landscape.

The Prime Minister will participate in the groundbreaking ceremony of the HCL-Foxconn joint venture project, India Chip Pvt. Ltd., at the Yamuna Expressway Industrial Development Authority in Uttar Pradesh on 21 February 2026 and will address the gathering around five pm via video conferencing. The participation is expected to mark the formal commencement of construction activities at the site. The event will be held under the auspices of the Prime Minister's Office. The facility will be established as an Outsourced Semiconductor Assembly and Test facility by India Chip Pvt. Ltd. under the Modified Scheme for Semiconductor Assembly, Testing, Marking and Packaging. The project has been described as a significant milestone in the national drive for technological self-reliance and in efforts to develop high-end electronics and semiconductor manufacturing. The site selection at YEIDA is intended to leverage regional infrastructure and create a cluster for electronics production. The investment for the scheme totals more than Rs 37 billion (bn), converted from the original Rs 3,700 crore figure, and is intended to strengthen domestic manufacturing capabilities and reduce import dependence. The project is expected to support key sectors such as mobile phones, tablets, laptops, automotive systems and consumer electronics, thereby contributing to the resilience of global supply chains. It has been presented as aligned with government policy to encourage technology transfer and enhance competitiveness in the semiconductor value chain. The initiative is expected to foster innovation, skill development and the transfer of manufacturing expertise, and to catalyse growth in ancillary industries. The facility is likely to generate thousands of direct and indirect employment opportunities for engineers, technicians and other professionals. Stakeholders have indicated that the joint venture will contribute to building a robust and self-reliant electronics manufacturing ecosystem and to elevating India’s stature in the global semiconductor landscape.

Infrastructure Urban

20 Mar 2026

Lemon Tree Hotels Signs Resort In Lonavala Maharashtra

Lemon Tree Hotels Limited (LTHL) has signed a licence agreement for Lemon Tree Resort in Lonavala, Maharashtra, with the asset to be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of LTHL. The resort will offer 50 well appointed rooms and will include a restaurant, banquet, meeting room, swimming pool, spa and fitness centre. The company described the addition as part of its strategy to expand branded resort offerings in key getaway destinations. Lonavala, located in the Sahyadri hills, is a popular leisure destination in western India known for scenic landscapes and a ..

Infrastructure Urban

20 Mar 2026

Kalai Chettinad Art And Architecture Festival At The Lotus Palace

The Lotus Palace Chettinad will host Kalai, the Chettinad Art and Architecture Festival, a four-day, three-night immersive celebration of the artistic legacy of Chettinad from three to six April 2026. The event has been organised by Apeejay Surrendra Park Hotels Limited (ASPHL) and will take place across restored heritage properties in Chettinad. It will be designed to offer guests a layered experience of place, structure and story that connects art, architecture and living traditions. The festival aims to present a confluence of global influences and local aesthetics. Kalai has been curated i..

Infrastructure Energy

20 Mar 2026

SJVN Reaches One bn Units At 1,000 MW Bikaner Solar Project

SJVN Limited (SJVN) has reached a milestone with its 1,000 megawatt (MW) Bikaner Solar Power Project by generating one bn units of electricity on 20 March 2026. The achievement underscores the company's role in supplying clean and sustainable energy to the national grid. The generation milestone was recorded within months of the project commencing operations and highlights rapid performance from the new facility. The Bikaner project, located in Bikaner district of Rajasthan, has been developed and implemented by SJVN Green Energy Limited (SGEL) under the Central Public Sector Undertaking Schem..