The government has undertaken several initiatives seeking to tap into the lucrative market
India’s Tata Electronics has begun the construction of a new $3.2 billion semiconductor plant, which is expected to generate 27,000 jobs.
The plant will be located in Assam, the largest of the states in India’s northeast, and produce over 48 million chips per day using locally-developed technologies, India’s electronics and information technology minister has said.
The plant has already hired around 1,000 locals for the project, Tata chairperson N. Chandrasekaran said at the ‘bhumi pujan’ ceremony (a Hindu ritual performed ahead of construction) for the plant. The facility is expected to generate 15,000 direct and 11,000 to 13,000 indirect jobs when it opens, he said.
In a press release, Tata explained that the chips would be used in automobiles, mobile devices, artificial intelligence (AI), and “other key segments to serve customers globally.”
The…