Through a video conference on Wednesday, Prime Minister Narendra Modi took part in the launch of "India's Techade: Chips for Viksit Bharat" and set the groundwork for three semiconductor projects with a combined value of over Rs 1.25 trillion. In front of thousands of students, the prime minister also used the occasion to speak to the country's youth.

"We are taking a big step towards a bright future," the Prime Minister stated after laying the foundation stone. Adding, "Today is a historic day. We are scripting history & taking a strong step ahead towards a bright future."

In an announcement that highlighted the significance of the semiconductor facility in India, PM Modi stated that over 60,000 schools, universities, and educational institutions were included in today's event. Leaders from Taiwan had apparently also electronically attended the program.

Three major semiconductor projects—the Outsourced Semiconductor Assembly and Test (OSAT) facility in Morigaon, Assam; the Semiconductor Fabrication Facility at the Dholera Special Investment Region (DSIR) in Gujarat; and another OSAT facility in Sanand, Gujarat - had their foundation stones laid.

These programs support Prime Minister Modi's goal of making India a center for technological development, semiconductor manufacture, and design worldwide. This also seeks to create job possibilities for the young of the country.

Speaking at the occasion, N Chandrasekaran, chairman, Tata Sons Pvt Ltd said,  “Today, is indeed a special day for the Tata Group – with the foundation stone being laid simultaneously for our projects in Dholera and Jagiroad 2,500 km apart. These semiconductor manufacturing hubs will have a lasting impact on the entire nation. The ecosystem from across the globe will mobilize to have India as their preferred semiconductor destination. On this historic occasion, I would like to thank Prime Minister Narendra Modi for his enduring vision to bring the semiconductor industry to the shores of our country.”

Gujarat's DSIR is worth Rs 91,000 Crore

Under the Modified Scheme for building up Semiconductor Fabs in India, Tata Electronics Private Limited (TEPL) and Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC) will jointly establish the Semiconductor Fabrication Facility at the Dholera Special Investment Region (DSIR). This facility, which would initially produce 28-nanometer chips, will be India's first commercial semiconductor fab, with an investment exceeding Rs 91,000 crore. An estimated 20,000 skilled jobs will be directly and indirectly created by the project.

By the end of 2026, the plant is expected to start producing chips, as previously reported by Business Standard. The Dholera plant will concentrate on producing chips for a variety of industries, including high-power computers, electric cars, communication, defense, consumer electronics, autos, and power electronics, according to PSMC chairman Frank Huang.

OSAT facility in Assam - Rs 27,000 crore

In Morigaon, Assam, TEPL will open the Outsourced Semiconductor Assembly and Test (OSAT) facility. Amount invested in this facility under the Modified Scheme for Semiconductor Assembly, Testing, Marking, and Packaging (ATMP) is around Rs 27,000 crore. The establishment of this facility is expected to enhance India's semiconductor industry and generate job opportunities in adjacent industries such as telecom and electronics.

This is a TEPL greenfield project that will likely provide jobs for over thirty thousand people. Chief Minister Himanta Biswa Sarma, who was present at the event, wrote in a tweet ahead of the inauguration, "People of Assam eagerly await this game-changing project-which has moved from conception to implementation in a record time period... Tomorrow marks a new dawn for Assam and the North East. Once known for being a hotbed of insurgency, we are transforming into an epicenter of big bang investment and projects."

OSAT facility in Gujarat - Rs 7,500 crore

Under the Modified Scheme for Semiconductor ATMP, CG Power and Industrial Solutions Limited will invest Rs 7,500 crore to establish the OSAT plant in Sanand, Gujarat.