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ISM inks pact with Tata Group for fiscal support to proposed semiconductorfabrication unit-緊固件展-2025第二十五屆廣州國際緊固件及設備展覽會-巨浪展覽-The 25th China(Guangzhou)Int'l Fastener & Equipment Exhibition
3/10/2025 緊固件展-緊固件采購會-國際緊固件展-fastener expo |
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Indian Semiconductors Mission (lSM), an arm of the government and Tata Group firms - Tata Electronics andTata Semiconductor Manufacturing - have inked a pact under which latter would be entitled to fiscal supportfrom the government, according to a joint statement issued on Thursday, March 6.Tata Electronics has already announced an investment of an estimated $10.45 bilion to set up a semiconductorfab unit in Dholera, Gujarat, with a capacity of 50,000 wafer starts per month (WSPM).
The lndian government arm ISM will offer 50 percent fiscal support equally for eligible project costs, thestatement said.
“ISM, Tata Electronics Private Limited (TEPL) and Tata Semiconductor Manufacturing Private Limited (TSMPL)have signed a fiscal support agreement (FSA) in the presence of Chief Minister of Gujarat Shri Bhupendra Patelfor India''s first commercial semiconductor fab in Dholera, Gujarat," the statement said.
The Tata Group has teamed up with Taiwan''s Powerchip Semiconductor Manufacturing Corporation (PSMC) forthe plant.
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