Centre Clears 3 Semiconductor Plants In Gujarat, Assam With Infusion Of Rs 1.26 Lakh Crore

Following the clearance of proposals from Ashwini Vaishnaw said that the construction of all three units will start within the next 100 days.

Union Minister Ashwini Vaishnaw.

Source : PTI

The Central government on Thursday gave its approval to proposals to set up three semiconductor units in Gujarat and Assam with an estimated investment of Rs 1.26 lakh crore. Following the clearance of proposals from the Union Cabinet, Minister Ashwini Vaishnaw said that the construction of all three units will start within the next 100 days.

Tata Electronics Private Limited will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC), Taiwan. According to PTI, this unit will be constructed in Dholera, Gujarat. The plant will attract a Rs 91,000 crore investment.

Tata Semiconductor Assembly and Test Pvt Ltd will set up a semiconductor unit in Morigaon, Assam, at an investment of Rs 27,000 crore.

Vaishnaw further stated that CG Power, in partnership with Renesas Electronics Corporation, Japan, and Stars Microelectronics, Thailand, will set up a semiconductor unit in Sanand, Gujarat. Investment in the Sanand unit is estimated at Rs 7,600 crore. 

In another significant announcement made by the centre on Thursday, it announced a subsidy of Rs 24,420 crore on Phosphatic and Potassic (P&K) fertilisers for the kharif season, affirming that farmers would continue to receive DAP, a crucial soil nutrient, at Rs 1,350 per quintal.

In addition to DAP (Di-ammonium Phosphate), the government asserted that retail prices of other major P&K fertilisers would remain stable.

The Union Cabinet, chaired by Prime Minister Narendra Modi, gave the nod to the proposal of the Department of Fertilisers for fixing the Nutrient-Based Subsidy (NBS) rates for the kharif season 2024-25 (April 1 to September 30) on P&K fertilisers.

During a press briefing, I&B Minister Anurag Thakur said, "A nutrient-based subsidy of Rs 24,420 crore on P&K fertilisers has been approved for the kharif season starting April 1 till September 30." The minister said the subsidy on Nitrogen (N) has been fixed at Rs 47.02 per kg, phosphatic (P) at Rs 28.72 per g, potassic (K) at Rs 2.38 per kg, and Sulphur (S) at Rs 1.89 per kg for 2024 kharif season, he said, as per PTI.