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HomeNewsMeity Aims 2024 for First Semiconductor Fabrication Unit

Meity Aims 2024 for First Semiconductor Fabrication Unit

The Ministry of Electronics and Information Technology (MeitY) is likely to target 2024 for the formal opening of the country’s first semiconductor fabrication unit, senior government officials said.

The ministry plans to approve the application of at least one big global semiconductor fabrication company before March 31 and give the winning bidder 700-750 days to complete the construction of the new unit.

An official said apart from the main factory unit, a plan for on-site housing of all employees may also be approved.

“We have actively engaged with all the leading companies over the last two months. We reached out to Apple and other big companies such as Samsung to understand how they operate their mega-factories across the world. We will be bringing those learnings to India,” one of the officials said, asking not to be named.

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