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India, which is seeking to rival countries such as Taiwan in
chipmaking, expects its semiconductor market to be worth $63
billion by 2026, but does not yet have a chipmaking facility.
Prime Minister Narendra Modi wants to make India a chipmaker for
the world as his government tries to overcome setbacks faced in
its bid to offer $10 billion in incentives to the industry.
Indian Electronics Minister Ashwini Vaishnaw said construction
will begin on the plants within the next 100 days, adding that
they will manufacture and package chips for sectors including
defence, automobiles and telecommunication.
"This is a big decision for the country and a key accomplishment
towards making India a self-dependent country," Vaishnaw told
reporters.
He did not give updates on other key chipmaking applicants,
including Indian conglomerate Vedanta, Taiwan's Foxconn and
Israel's Tower Semiconductor.
Tata will partner with Taiwan's Powerchip to set up India's
first chipmaking plant worth 910 billion rupees in Gujarat
state's Dholera, he said, while CG Power will partner with
Japan's Renesas Electronics Corp and Thailand's Stars
Microelectronics for a 76 billion rupees chip packaging plant,
also in Gujarat.
A third chip packaging plant worth 270 billion rupees will be
set up in the eastern state of Assam by Tata unit Tata
Semiconductor Assembly and Test Pvt Ltd, Vaishnaw added.
($1 = 82.9061 Indian rupees)
(Reporting by Shivam Patel in New Delhi; Editing by YP Rajesh
and Alexander Smith)
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