Sanand GIDC is a highly industrialized zone in Gujarat, home to many national and multinational manufacturing industries.

US chip-maker Micron Technology inked a pact with the Gujarat government for setting up a semiconductor manufacturing facility at Sanand worth $2.75 billion ( ₹22,500 crore approximately).

At the event in Gandhinagar, the company said that it will create 5,000 direct and 15,000 indirect jobs.

The semiconductor chips produced in Sanand will be used across India and exported globally. The first chip from this plant is expected within 18 months, it said.

Gujarat chief minister Bhupendra Patel and union minister for railways, communications, electronics and information technology, Ashwini Vaishnaw were present in the event.

The Gujarat government handed over the Offer Cum Allotment (OCA) letter to Micron for the allotment of 93 acres of area at Sanand Gujarat Industrial Development Corporation (GIDC) Estate.

Micron Technology will establish assembly and test facility, wherein it will focus on transforming wafers into ball grid array (BGA) integrated circuit packages, memory modules and solid-state drives.

This facility will further attract many more players from the entire semiconductor supply chain into Gujarat.

It will also inspire global semiconductor giants and MNCs to set up high-tech manufacturing in Gujarat.

The Gujarat government announced the “Gujarat Semiconductor Policy 2022-2027” in July last year, making it the first state in India to introduce a dedicated policy aimed at attracting investments in the chip manufacturing sector.

The MoU signing is a novel step towards PM Narendra Modi’s $10 billion Semicon India Program to create an Aatmanirbhar Bharat in global semiconductor supply chain manufacturing , the government said in a statement.

PM Modi had met Micron CEO Sanjay Mehrotra at his recently-concluded US visit.

source/content: hindustantimes.com (headline edited)