Government Greenlights Massive Semiconductor Unit in Gujarat

The Indian government has approved Kaynes' proposal to set up a semiconductor manufacturing unit in Sanand, Gujarat. With a daily capacity of 6.3 million chips, the Rs 3,307 crore investment aims to meet the needs of various sectors including power, automotive, and home appliances.

The government approved Kaynes' proposal to establish a semiconductor unit in Sanand, Gujarat, with a capacity of producing 6.3 million chips daily. The project involves an investment of Rs 3,307 crore.

Announcing the Union Cabinet's decisions, IT Minister Ashwini Vaishnaw highlighted the emergence of a comprehensive semiconductor ecosystem in India.

The plant, spanning 46 acres, will principally serve Kaynes Industries but will also cater to the power, automotive, and home appliances sectors. Construction will commence shortly on the acquired land in Sanand.

(With inputs from agencies.)