According to a state industries department official the investment will happen soon because Tata has shown interest in the semiconductor industry for the past one year
At the Kolar district in Narasapura region, Tata Group after acquiring Wistron’s iPhone manufacturing plant is now planning to invest Rs 200 Crore for a new semiconductor testing and packaging unit. As per reports, the company is also planning to provide 155 new employment opportunities.
According to a state industries department official, the investment will happen soon because Tata has shown interest in the semiconductor industry for the past one year. ATMP plays a pivotal role in this industry because after the chip is printed, it has to be tested and packaged properly before it is shipped to manufacturers. This investment plan by Tata Group is closely associated with Karnataka Government’s initiatives to boost industrial manufacturing in the state.
In the last week, around 91 investments of industrial ventures worth Rs 7,660 Crore have been approved by the state-level single-window clearance committee (SLSWCC), spearheaded by the infrastructure development minister MB Patil and other industries. The report also added that these investments are expected to create 18,416 direct and indirect employment. To increase the industrial development in the state, the government has approved investment proposals from major firms such as Maruti Suzuki India, South West Mining, Tata Semiconductor, Krypton (India) Solutions, and Aequs Consumer.
Aequs Consumer Unit 3 will be set-up in Dharwad district with an expenditure of Rs 456 Crore. Maruti Suzuki has invested Rs 138 Crore at Nelamangala in Bengaluru, while the government has additionally approved 26 new venture proposals, which has the potential to craft 13,742 employment. Out of the 91 project proposals that has green light, 57 of them are valued between Rs 15 crore and Rs 50 crore, assuring an employment opportunity of 4,404.
