Segments that will be covered are automotive, electric vehicles, consumer electronics, telecom, and mobile phones. Tata Group To Start Manufacturing Semiconductor Chips in Gujarat and Assam Plants in 2026.
Experts said the Odisha and Assam policies aligned with National Policy on Electronics 2023 and National Policy on Semiconductor Manufacturing 2023, aiming to position India as a global hub for electronics system design and manufacturing
Foxconn Industrial Internet, a subsidiary of Foxconn, plans to invest up to $200 million to set up an electronic components plant in Chennai, India. The plant is expected to be completed by 2024.
In a bid to bolster semiconductor manufacturing in India, Prime Minister Narendra Modi has extended invitations to two major American chip makers, Micron Technology and Applied Materials. Earlier, PM Modi had pitched his vision to transform the upcoming years of 2020s into a "tech decade", coining the term "Techade" to encapsulate the idea.
"I am confident that India's dream of techade will be fulfilled by its innovators and their patents," Modi said.
Comparing the creation of the semiconductor industry to the construction of a building, the IT Minister said that India’s semiconductor strategy was being developed brick by brick using the best talent available and creating a conducive ecosystem.