Corporate NewsNews

Vibrant Gujarat Summit: Tata Group plans to build semiconductor factory in Dholera

Vibrant

The company announced its expansion and investment plans in Gujarat and will build a 20 GW gigafactory for manufacturing lithium ion batteries in Sanand in two months

“We are about to complete negotiations for the semiconductor fab, and start in 2024.”

– N Chandrasekaran, Chairman, Tata Sons

At the vibrant Gujarat Summit, today, Tata Group has announced its plans to build a  semiconductor factory at Dholera, PM Modi’s futuristic pet project, in Gujarat.

Speaking at the Vibrant Gujarat Summit 2024, Tata Sons Chairman N Chandrasekaran announced the company’s expansion and investment plans in the state. The company plans to start a 20 GW gigafactory for manufacturing lithium ion batteries in Sanand in two months.

Chandrasekaran said that the group is on the verge of concluding a “huge semiconductor fab” in Dholera. “We are about to complete negotiations for the semiconductor fab, and start in 2024.”

“Recently, we have made significant commitments to expand our presence in the state of Gujarat. Sanand is becoming home for all our electric vehicles’ technology,” he said, while adding that the expansion in Sanand has been undertaken to meet the growing demand for EVs.

“Gujarat is one of the most important destinations for Tata Group and we will play a key role in its development journey,” he added.

Praising PM Modi’s ‘visionary leadership’, he underlined that economic development has also resulted in tremendous social development in the country and Gujarat has clearly established itself as the gateway to the future.

The Tata Group already has a huge presence in Gujarat, employing over 50,000 people.

Related posts

Milestone Registers Record Revenue Growth

adminsmec

Netpoleon India onboards eMudhra

adminsmec

Latest study shows technology implemented to keep employees engaged is slowing them down. 

adminsmec