Tata Group to announce semiconductor facility in Gujarat in 2024
the business's growth and investment goals in the state, revealing that the conglomerate will soon begin construction on a 20 GW gigafactory in Sanand to produce lithium-ion batteries in two months
Mumbai- Tata Group., is about to wrap up and unveil a massive "semiconductor" (investment). During the 10th Global Summit of Vibrant Gujarat, Tata Group Chairman Natrajan Chandrasekaran made a statement.
Mr. N Chandrasekaran said regarding the business's growth and investment goals in the state, revealing that the conglomerate will soon begin construction on a 20 GW gigafactory in Sanand to produce lithium-ion batteries in two months. According to him, the group has also committed and is almost ready to announce the completion of a "huge semiconductor fab" in Dholera. The discussions for the semiconductor fab are almost over, and we plan to begin construction in 2024.
We have committed to increasing our footprint in the state of Gujarat recently. The technology for all of our electric cars is now being developed in Sanand," he remarked, adding that the move was made to accommodate the city's expanding EV market.
In addition, the firm is currently constructing the C295 defense aircraft in Vadodara, with plans to commence manufacturing it in Dholera later on. He went into further detail about the group's plans to expand in Gujarat in the areas of advanced manufacturing skill development, EV vehicle production, battery production, C295 defense aircraft, and semiconductor fab. "One of the most significant locations for the Tata Group is Gujarat, and we will be integral to its growth.
N Chandrasekaran also praised Prime Minister Narendra Modi for his "visionary leadership," which has continuously allowed Gujarat to make "steady and spectacular progress" over an extended period of time. He emphasized that significant social progress has also followed economic development, and Gujarat has unquestionably established itself as the entry point to the future. He emphasized that Jamshedji Tata, the founder of the Tata Group, was born in Navsari, Gujarat. Over 50,000 people are employed by the 21 Tata Group firms that are currently present in Gujarat, including Tata Power, Tata Motors, Tata Consultancy, the defense company, Advance Systems, hotel, Tata Steel, all of the retail enterprises, Air India, and many more. Gujarat is a very precious place to the Tata group.
