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Business Today India
|October 13, 2024
The Adani Group plans to set up India's second semiconductor manufacturing facility in Maharashtra
IN A MAJOR boost to India's semiconductor mission, the Adani Group, led by Chairman Gautam Adani, has joined forces with Israel's Tower Semiconductor to set up a semiconductor manufacturing facility in Maharashtra with an investment of ₹83,947 crore.
Once approved by the India Semiconductor Mission (ISM) and the Ministry of Electronics and Information Technology, it will become the second such manufacturing facility in the country after Tata's. All other projects in the sector approved so far are associated with assembly and packaging.
This story is from the October 13, 2024 edition of Business Today India.
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