Indian Prime Minister Narendra Modi recently inaugurated a Rs 3,300 crore semiconductor plant by Kaynes Technology in Sanand, Gujarat, marking a significant milestone in India’s efforts to enhance its domestic chip ecosystem. The facility’s commencement of production underscores the country’s aspirations to become a key player in semiconductor manufacturing and contribute to the global supply chain.
The Kaynes Semicon facility’s commercial operation from day one, with products already booked for export, showcases the immediate impact of this investment. PM Modi highlighted that the modules produced in Sanand will not only serve American companies but also power industries worldwide, aligning with India’s ‘Make in India, Make for the World’ vision.
This development signifies a crucial step towards establishing a robust semiconductor ecosystem in the country, contributing to India’s self-reliance goals and the ‘Make in India’ initiative.
Source: Tech-Economic Times