Commercial Vehicle

India’s First Semiconduc­tor Fab In Karnataka


Internatio­nal semiconduc­tor consortium, ISMC is all geared up to set up India’s first semiconduc­tor fab plant in Karnataka. Involving an investment of around Rs. 22,900 crores (USD 3 billion), the new plant, it is said, will provide 1500 direct jobs and 10,000 indirect jobs. As per the reports, the Government of Karnataka has suggested Electronic­s and Systems Design cluster in Mysuru as the location for setting up the fabricatio­n unit. Although Dholera SIR in Gujarat was considered as an option, Karnataka was opted due to the water availabili­ty and additional incentives offered by the state. ISMC will be availing benefits offered by the Union Government. The Government of India(GoI) introduced a new incentive scheme worth Rs.76,000 crore (nearly USD 10.2 billion) in a bid to boost the semiconduc­tor ecosystem in the country.

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