Gujarat’s New Semiconductor Plant: CM Bhupendra Patel Thanks PM Modi
Gujarat Chief Minister Bhupendra Patel expressed his heartfelt gratitude to Prime Minister Narendra Modi for approving a new semiconductor manufacturing plant in Sanand, Gujarat. This plant will be established by Keynes Semicon Pvt Ltd with an investment of Rs 3300 crore.
India Semiconductor Mission
The new plant is part of the India Semiconductor Mission, which aims to create a robust semiconductor ecosystem in India. The central government has allocated Rs 76,000 crores for this mission.
Gujarat as a Semiconductor Hub
Under PM Modi’s leadership, Gujarat is rapidly becoming a semiconductor hub. This new plant in Sanand will be the fourth semiconductor plant in the state, following Micron’s plant in 2023, Tata Electronics’ plant in Dholera in 2024, and CG Power’s plant in Sanand.
Employment and Investment
The establishment of these plants is expected to create numerous job opportunities and bring in significant investments. The cumulative investment for these projects is around Rs 1.5 lakh crore, with a production capacity of about 7 crore chips per day.
Global Semiconductor Production
Currently, about 70% of semiconductor manufacturing is concentrated in South Korea, Taiwan, China, the US, and Japan. India aims to become a global power in semiconductor production, similar to its achievements in technology, nuclear, and digital sectors.
Atmanirbhar and Make in India
As part of its Atmanirbhar and Make in India plan, the government has launched production incentive (PLI) schemes in various sectors, including electronics, to make Indian manufacturers globally competitive, attract investments, enhance exports, integrate India into the global supply chain, and reduce dependency on imports.
Doubts Revealed
Semiconductor -: A semiconductor is a special material used in electronic devices like computers and smartphones. It helps control electricity in these devices.
CM Bhupendra Patel -: CM Bhupendra Patel is the Chief Minister of Gujarat, which means he is the head of the government in the state of Gujarat.
PM Modi -: PM Modi is Narendra Modi, the Prime Minister of India. He is the leader of the country and makes important decisions for the nation.
Sanand -: Sanand is a place in Gujarat, India. It is known for having many factories and industries.
Keynes Semicon Pvt Ltd -: Keynes Semicon Pvt Ltd is a company that makes semiconductors. They are setting up the new plant in Gujarat.
Rs 3300 crore -: Rs 3300 crore is a large amount of money. In Indian currency, it means 33 billion rupees.
India Semiconductor Mission -: The India Semiconductor Mission is a government plan to make India a big player in making semiconductors. It aims to build factories and create jobs.
Rs 76,000 crores -: Rs 76,000 crores is a very large amount of money. It means 760 billion rupees in Indian currency.
Gujarat -: Gujarat is a state in western India. It is known for its industries and economic growth.
Assam -: Assam is a state in northeastern India. It is known for its tea gardens and natural beauty.