Govt fast-tracks Micron’s semiconductor project at Sanand in Gujarat
09 Dec 2023
Government has fast-tracked Micron’s semiconductor unit being set up in in Sanand, in Gujarat with capital investment of Rs22,516 crore ($2.75 billion).
The union cabinet led by Prime Minister Narendra Modi had approved Micron’s proposal in June 2023, providing 50 per cent fiscal support on pari-passu basis. Ground breaking of the unit at Sanand, Gujarat was done within 3 months in September 2023.
Construction of the unit is going on in full swing and is expected to be completed in about 12 months. The memory and storage products manufactured in this unit will cater to domestic consumption and be exported globally.
Union minister of railways, communication and electronics and IT Ashwini Vishnaw said the unit is expected to create up to 5,000 direct jobs and 15.000 indirect jobs over the next five years. India Semiconductor Mission, the Gujarat government and Micron are working in close association with academia to train about 10,000 engineers, he added.
More than 30 ancillary industries engaged in the production and distribution of gasses, chemicals, equipment, substrate manufacturing and other such industries are in various phases of discussion for setting up facilities in Gujarat, the minister pointed out.
Micron, India, Semiconductor Mission and the Gujarat government have signed agreements to ensure project milestones are met timely and for timely disbursement of incentives.
Gurusharan Singh, senior vice president for Micron, expressed happiness on the swift and constant support provided by the centre and the state government. IT minister Ashwini Vishnaw assured full commitment and facilitation for the development of semiconductor manufacturing ecosystem in India.
