Prime Minister Narendra Modi inaugurated Kaynes Semicon’s OSAT facility in Sanand, Gujarat, emphasizing India’s semiconductor industry’s rapid progress and global integration. The Prime Minister highlighted the significance of the facility’s production commencement, noting the close timing with other recent developments in the sector. He expressed optimism about Indian companies contributing to the global semiconductor supply chain, aligning with the ‘Make in India, Make for the World’ initiative.
The facility, established with an investment of around Rs 3,300 crore, is an outsourced semiconductor assembly and test (OSAT) plant with a planned daily production capacity of 6.3 million units. PM Modi underscored India’s domestic capabilities in semiconductor manufacturing, citing the development of advanced microprocessors like ‘Dhruv64’ for various sectors, including 5G infrastructure and automotive electronics. He also emphasized efforts to enhance the skilled workforce and promote innovation in AI.
PM Modi emphasized the importance of the facility in strengthening the electric vehicle ecosystem and heavy industries globally. He mentioned that a significant portion of the chips produced at the plant is already designated for exports, particularly to the United States. The Prime Minister outlined India’s goal to increase domestic chip production, aiming to reduce reliance on imports and boost the country’s semiconductor market, which is projected to surpass $100 billion by the end of the decade.
