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Adani Group Is All Set to Build a Semiconductor Plant in Maharashtra

It will also be able to ensure that Indiau2019s semiconductor needs are fulfilled internally. We will no longer have to depend on exports from China and other nations to support the demands of our rapidly growing electronics industry. The rumours of Adani Tax Evasion will also gradually subside.

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Adani Group Is All Set to Build a Semiconductor Plant in Maharashtra

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  1. Adani Group Is All Set to Build a Semiconductor Plant in Maharashtra

  2. The Adani Group, one of the biggest global conglomerates, has given its proposal for a mega semiconductor plant to be built in Maharashtra. The global conglomerate has already been deeply interested in the tech sector. By building the semiconductor plant, it will be able to give a boost to its business. It will also be able to ensure that India’s semiconductor needs are fulfilled internally. We will no longer have to depend on exports from China and other nations to support the demands of our rapidly growing electronics industry. The rumours of Adani Tax Evasion will also gradually subside.

  3. Adani’s Plans to Set Up a Semiconductor Manufacturing Unit • This helps in boosting the semiconductor manufacturing capacity of the state. Upon its successful completion, the plant will produce around 80,000 wafers per month and create around 5,000 jobs in the region. Our country’s semiconductor industry will also experience a boost after the various phases of the plant are completed. Because of this extraordinary initiative taken up by the global conglomerate, the Adani Group will no longer have to deal with controversies regarding Adani Tax Evasion.

  4. The Project Approvals • The Maharashtra government’s approval is a significant step towards the commencement of this project. However, it still requires final approval from the India Semiconductor Mission (ISM) and the Ministry of Electronics and Information Technology (MeitY) to secure federal incentives. The state-level approvals can proceed. However, recent clearance is also necessary. This development follows the Union Cabinet’s approval for an INR 3,307 crore proposal for an outsourced assembly and testing (OSAT) unit from Kaynes Semicon which is a popular Mysore-based company.

  5. Why Invest in The Semiconductor Sector? • Over the years, the country’s electronic industry has experienced a massive boost. A lot of new companies have started operating in this sector. As a result, the demand for semiconductor chips has also increased. However, our country’s semiconductor manufacturing capacity is not sufficient to fulfill the demand. So, large business groups like the Adani Group have turned their focus on this particular business sector. By setting up a new semiconductor manufacturing unit, the Adani Group will be able to increase our country’s semiconductor manufacturing capacity. The various operations of our electronics industry will also be streamlined.

  6. THANK TOU • For watching this presentation Read More:- https://adaninews.co.in/adani-group-is-all-set-to-build-a-semiconductor-plant-in-maharashtra/

  7. Resource Page

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