Connect with us

Company News

Tata Group to invest Rs 200 crore in semiconductor unit in Karnataka

Tata group is planning to invest Rs 200 crore for a semiconductor testing and packing unit at Narasapura in Kolar district, which is around 65 km from Bengaluru.

With Wistron’s iPhone manufacturing unit in Kolar being taken over by Tata group, it is likely to set up an Assembly, Testing, Marking and Packaging (ATMP) plant in Kolar.

“They’ll build an ATMP unit in Kolar, which will be a smaller facility,” Gunjan Krishna, Commissioner for Industrial Development and Director of Industries and Commerce, told Moneycontrol.

According to a statement from the Karnataka industries minister’s office on September 16, Tata Semiconductor Assembly and Test Private Limited will invest Rs 200 crore in Kolar and create 155 jobs.

ATMP plays a major role in the semiconductor industry’s ecosystem. Following the manufacturing of wafers at wafer fabs/foundries, ATMP facilities process wafers into individual chips, package them, and conduct testing to prepare them for use in electronic devices.

“State Level Single Window Clearance Committee (SLSWCC) has approved a total of 91 industrial investment proposals worth Rs 7,659.52 crore, with the potential to create 18,146 jobs within the state,” said a statement.

The SLSWCC, headed by MB Patil, Karnataka’s Minister for Large and Medium Industries and Infrastructure Development, approved 26 projects involving investments exceeding Rs 50 crore, totalling Rs 5,750.73 crore. These projects have the potential to create 13,742 jobs.

Other investors include Maruti Suzuki India, Aequs Consumer, South West Mining and Krypton (India) Solutions Private Ltd. Maruti Suzuki India Limited plans to invest Rs 137.6 crore at Nelamangala in Bengaluru rural district and expects to generate employment opportunities for 1,908 people.

Lam Research India Pvt Ltd, located at CV Raman Nagar in Bengaluru, secured approval for an investment of Rs 235.91 crore, with plans to employ 1,724 people.

Notably, of the 91 approved proposals, 57 investment projects fall within the range of Rs 15 crore-Rs 50 crore, amounting to a total investment of Rs 1,144.94 crore. These projects are expected to create 4,404 jobs within Karnataka, said a statement. Further, the committee also gave the green light to eight projects with additional investments of Rs 763.85 crore.

The major investment proposals approved in the meeting are:

Pratibha Patil Sugar Industries Pvt in Vijayapura district, with an investment of Rs 489.50 crore, set to employ 275 people.

Gurudev Biorefineries & Allied Industries Private Limited in Vijayapura district, with an investment of Rs 488.49 crore, and create 255 jobs.

Devashree Ispat Private Limited in Koppal district will invest Rs 470 crore and create employment opportunities for 800 people.

Aequs Consumer Products Private Limited Unit 3 in Dharwad, with an investment of Rs 456 crore to employ 1,187 people.

Integrated Solar Power Private Limited in Kolar, will invest Rs 441.8 crore, with plans to hire 720 employees.

South West Mining Limited in Bellari district, with an investment of Rs 411 crore and create 65 jobs.

Shashi Alloys Private Limited in Chitradurga district, invest Rs 380 crore and generate employment for 400 individuals.

SFS Group India Private Limited in Belagavi district, with an investment of Rs 250 crore, and to employ 844 people.

Mysore Petro Chemicals Limited at Raichur district, and to invest Rs 240 crore and providing job opportunities for 157 individuals, the release adds. Moneycontrol

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Copyright © 2023 Communications Today

error: Content is protected !!