• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Breaking News

Fiscal Support Pact Key Step Towards Rs 91,000 Crore Semiconductor Project: Centre

OMMCOM NEWS by OMMCOM NEWS
March 6, 2025
in Breaking News, Science & Tech, World

New Delhi: In a boost for the domestic semiconductor industry, India Semiconductor Mission (ISM), Tata Electronics Private Limited (TEPL), and Tata Semiconductor Manufacturing Private Limited (TSMPL) have signed a fiscal support agreement (FSA) for the country’s first commercial chip fab in Dholera, Gujarat.

Signed in the presence of Gujarat Chief Minister Bhupendra Patel at the ‘Semiconnect conference’ in Gandhinagar, the pact represents a decisive step forward in strengthening India’s technological self-reliance under the modified programme for semiconductor and display manufacturing ecosystem in India.

Tata Electronics’ semiconductor fab in Dholera commands a total investment of over Rs 91,000 crore with a capacity of 50,000 wafers starts per month (WSPM).

The government, through the India Semiconductor Mission, has committed 50 per cent fiscal support on a “pari-passu” basis (on equal footing) for eligible project costs —demonstrating unwavering national commitment to building a world-class semiconductor ecosystem within Indian borders.

Set to generate over 20,000 direct and indirect skilled jobs, this project brings Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) expertise to India, creating a powerful technological alliance.

The facility will address critical global semiconductor markets in automotive, computing, communications, and artificial intelligence sectors — transforming India from a technology consumer into a global manufacturing powerhouse, according to the government.

Sushil Pal, CEO of the India Semiconductor Mission, emphasised that “the government is committed to the timely disbursement of fiscal support for the execution of this project”.

“We are confident that Tata Electronics will play a pivotal role in strengthening the electronics value chain and make a significant contribution to India’s overarching goals in this sector,” he mentioned.

According to Dr Randhir Thakur, CEO and MD, Tata Electronics, this is a historic milestone for India and Tata Electronics in its journey of establishing a semiconductor manufacturing industry in the country.

“The Fiscal Support Agreement (FSA) solidifies our partnership with MeitY and ISM to realise Prime Minister’s vision of manufacturing chips for Viksit Bharat,” Thakur noted.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Separate Burglary Incidents Lead To Losses Worth Lakhs In Odisha

Next Post

PhonePe launches ‘insuring HEROES’ campaign for International Women’s Day

Related Posts

Breaking News

Devotee’s Vomit Prompts Maha Snana Ritual At Puri Srimandir

May 29, 2025
Breaking News

Viksit Krishi Sankalp Abhiyan: PM Modi Stresses On Technology For Strengthening Agri Sector

May 29, 2025
World

Fundamentalist Yunus Regime In Bangladesh Cancels Progressive Diplomat’s Kolkata Posting

May 29, 2025
World

Broken Suitcases And Inedible Food — Pakistani Pilgrims Abandoned To Their Fate In Mecca During Haj

May 29, 2025
Mohan Charan Majhi
Breaking News

Home Guard Recruitment Tragedy: CM Announces Rs 4 Lakh Compensation For Families Of Deceased

May 29, 2025
World

Sierra Leone Parliament Observes Moment Of Silence In Honour Of Pahalgam Terror Attack Victims

May 29, 2025
Next Post

PhonePe launches ‘insuring HEROES’ campaign for International Women’s Day

Narendra Modi

No Season Should Be Off-Season For Uttarakhand, Says PM Modi

Why Parineeti Chopra Is Crushing On ‘Inspiring Human’ Raghav Chadha

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.