The Maharashtra government has approved a joint venture between Adani Group and Israel's Tower Semiconductor to set up a $10 billion semiconductor manufacturing plant in the Navi Mumbai suburbs, specifically in the Taloja area of Panvel.
The project will be developed in two phases:
Phase 1: An initial investment of approximately ₹58,763 crore (around $7 billion) to establish a capacity of 40,000 wafer starts per month (WSPM).
Phase 2: An additional investment of ₹25,184 crore (around $3 billion) to expand the capacity to 80,000 WSPM.
This plant is expected to generate over 5,000 direct jobs and significantly boost India's semiconductor manufacturing capabilities. However, the project still awaits approval from the Union government's India Semiconductor Mission (ISM).
Besides this, there are several other significant semiconductor and high-tech projects in Maharashtra.
RRP Electronics is setting up a semiconductor manufacturing project focused on Outsourced Semiconductor Assembly and Test (OSAT) and chip production. This project is expected to significantly boost the state’s semiconductor ecosystem.
In addition, the Maharashtra government has approved multiple EV manufacturing projects across Marathwada, Vidarbha, Pune, and Panvel. These projects, with a combined investment of ₹1.17 lakh crore, are expected to create around 29,000 jobs.
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