Business News
2 min read | Updated on February 29, 2024, 17:35 IST
SUMMARY
Earlier in June 2023, the Union Cabinet had approved Micron's proposal to set up a semiconductor unit in Sanand, Gujarat. Construction of this unit is progressing at a rapid pace and a robust semiconductor ecosystem is emerging near the unit.
All three units will start construction within the next 100 days.
The Union Cabinet on Thursday approved the establishment of three semiconductor units- two in Gujarat and one in Assam.
All three units will start construction within the next 100 days. The plants are being established with an estimated cost of ₹1.26 lakh crore.
These units will generate direct employment of 20,000 advanced technology jobs and around 60,000 indirect jobs. The plants will also accelerate employment creation in downstream automotive, electronics manufacturing, industrial manufacturing, telecom manufacturing and other semiconductor consuming industries.
Earlier in June 2023, the Union Cabinet had approved Micron's proposal to set up a semiconductor unit in Gujarat's Sanand. Construction of this unit is progressing rapidly, and a robust semiconductor ecosystem is emerging near the plant.
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