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PM Modi Meets Micron CEO, Discusses Firm's Semiconductor Plan For India

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PM Modi Meets Micron CEO, Discusses Firm's Semiconductor Plan For India

PM Modi met Micron CEO in Gujarat.

Gandhinagar (Gujarat):

Sanjay Mehrotra, President and CEO of semiconductor player Micron Technology met Prime Minister Narendra Modi in Gujarat's Gandhinagar and they discussed US-based company's plans to bolster the semiconductor manufacturing ecosystem within India.

With a focus on attracting investments in India's nascent semiconductor ecosystem, the three-day 'SemiconIndia 2023' conference kicked off in Gandhinagar on Friday in the presence of Prime Minister Narendra Modi.

The conference, its second edition, organised by India Semiconductor Mission in partnership with industry and industry associations, is aimed to make India a global hub for semiconductor design, manufacturing and technology development. Semicon India was held in Bengaluru last year.

The theme of the Conference is 'Catalysing India's Semiconductor Ecosystem'.

"I thank PM Modi for the vision to make India a global hub for semiconductors...Micron is committed to building a semiconductor assembly and test facility in Gujarat. We estimate that our project in Gujarat will create nearly 5000 direct jobs and additional 15,000 jobs in the community. We are hopeful that this investment will help catalyse other investments in the sector...Digital India and Make in India are creating a truly transformative energy that will continue to drive positive progress...," said Sanjay Mehrotra, CEO, of Micron Technology, speaking at the event.

Micron Technology, during PM Modi's US visit last month, announced its India investment plans. Micron Technology committed that it will invest up to USD 825 million to build a new semiconductor assembly and test facility in India with support from the Indian government.

Micron had said it selected Gujarat's SANAND Industrial Park (Gujarat Industrial Development Corporation - GIDC) due to its manufacturing infrastructure, conducive business environment and a firm talent pipeline.

Phased construction of the new assembly and test facility in Gujarat is expected to begin in 2023. Micron expects Phase 2 of the project, which would include the construction of a facility similar in scale to Phase 1, to start towards the second half of the decade.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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