West Bengal's Semiconductor Leap: A Landmark India-US Collaboration Unveiled
West Bengal Chief Minister Mamata Banerjee announced full support for the proposed semiconductor investment, following the India's first national security semiconductor plant collaboration with the US. The initiative signifies a major American investment, reflecting the state's dedication to the sector. It involves strategic partnerships, enhancing West Bengal's technological footprint.
- Country:
- India
West Bengal Chief Minister Mamata Banerjee has assured her government's comprehensive support for a groundbreaking investment in the semiconductor sector. This announcement follows the unveiling of India's first national security semiconductor fabrication plant, developed through a transformative partnership with the United States.
Banerjee emphasized how the establishment of a global capability centre in the state stands as a testament to West Bengal's relentless promotion of the anchor industry. She shared her pride on social media, highlighting President Joe Biden's and Prime Minister Narendra Modi's collaborative announcement.
The historic India-US initiative aims to manufacture semiconductor chips for military hardware and vital telecommunication networks. The collaboration underlines a strategic technology partnership, marking a significant American investment in West Bengal's semiconductor industry. Major players like Global Foundries and Micron are expected to contribute significantly to this venture, positioning West Bengal as a hub for knowledge-based industries.
(With inputs from agencies.)
ALSO READ
Narmadapuram: New Hub for Renewable Energy Investment
Strengthening Ties: India-Norway Business Roundtable Focuses on Investment and Trade
India-Norway Trade Talks Set to Boost Bilateral Investments
Karnataka's Global Roadshow: Luring German Investments
Rising Rajasthan: Global Investment Summit 2024 Kicks Off