India Inaugurates Rs 7,600 Crore Semiconductor Plant to Boost Domestic Chip Production

PM Modi inaugurated the Kaynes Semicon plant in Sanand, Gujarat, a facility valued at Rs 7,600 crore, marking a major step in India's effort to build a domestic chip supply chain and attract further investment.

India approved a fresh $13.3 billion funding package for semiconductor development, earmarking resources for new fabs, research labs, and skill‑training programs designed to accelerate the country's self‑reliance in advanced chip technology.

Kaynes Semicon aims to produce advanced silicon wafers and integrated circuits at the Sanand site, targeting both domestic electronics manufacturers and export markets, thereby supporting India's broader Make in India agenda and reducing import dependence.

Industry analysts project that the combined effect of the new plant and the $13.3 billion push could transform India into a global semiconductor hub, creating thousands of skilled jobs and strengthening the nation's position in the worldwide chip supply chain.