Spain’s Submer to invest ₹19,000 cr in MP’s semiconductor sector

Spain’s Submer Group here announced an investment of USD 2 billion (Rs 19,000 crore) in the semiconductor industry in Madhya Pradesh, a senior state government official said.

This would create nearly 5,000 direct employment opportunities, he said.

“A $2 billion investment (19,000 crore rupees) in the semiconductor industry was announced today by Spain’s Submer Group at the MP Tech Growth Conclave 3.0: GCC – Data Centres and Semiconductors,” the official said in a statement.

An email requesting land allotment for a data centre project was received, and 15 acres of land were allotted in the Acharpura industrial area within six days, he added. PTI