india semiconductor manufacturing

Groundbreaking ceremonies for three semiconductor projects, including two from the Tata Group, are likely to be held next week, less than two weeks after the Union Cabinet cleared the proposals entailing investments of $15.14 billion, officials told ET.The projects include an $11 billion semiconductor fab facility, the country's first, to be built by the Tata Group in at Dholera in Gujarat. The other unit proposed by the conglomerate involves a Rs 27,000 crore chip assembly, testing, marking and packaging facility at…

India has approved a $10 billion (roughly Rs. 76,090 crore) incentive plan to attract semiconductor and display manufacturers, technology minister Ashwini Vaishnaw said on Wednesday, as part of a deepening push to establish the country as a global electronics production hub.Under the plan, the government will extend fiscal support of up to 50% of a project's cost to eligible display and semiconductor fabricators, the government said in a statement.Israel's Tower Semiconductor, Taiwan's Foxconn and a consortium from…