In recent days, Prime Minister Narendra Modi laid the foundation of various projects that will contribute to the massive growth of the Indian Economy in the upcoming years. This time, PM Modi participated in the inauguration of “India’s Techade: Chips for Viksit Bharat”. He lays the foundation stone of this Semiconductor project worth ₹1.25 trillion through video conferencing. The details about this project are available below and how it going to impact India.
During this event, there were thousands of students presented and PM Modi talked to them. As per the details, there will be three semiconductor projects, the Semiconductor Fabrication Facility at the Dholera Special Investment Region (DSIR) in Gujarat, the Outsourced Semiconductor Assembly and Test (OSAT) facility in Morigaon, Assam, and another OSAT facility in Sanand, Gujarat.
Dholera Special Investment Region (DSIR) in Gujarat is ₹91,000 crore project in which India will work on India’s first commercial semiconductor fab, initially producing 28-nanometer chips. The estimated job creation from this project is 20,000.
The outsourced Semiconductor Assembly and Test (OSAT) facility in Morigaon, Assam is ₹27,000 crore worth project. There will be work on Semiconductor assembly, testing, marking, and packaging. It is estimated that the project will create jobs for over 30,000 people.
This project will also generate employment for youth. Currently, India is aiming to become the global hub in Semiconductor design, manufacturing, and technology development.
PM Narendra Modi said “…Today’s event is an event of the dreams of the youth…The real stakeholders of the future of India are the youth…Today the youth are seeing how India is working all-round for progress, for self-reliance and for its presence in the global supply chain.”
PM Modi announced that more than 60,000 colleges, universities & educational institutes were associated with today’s event, and leaders from Taiwan had also reportedly joined the programme virtually, underscoring the importance of the semiconductor plant in India.