Kaynes gets govt nod for Rs 3,300 crore chip plant in Gujarat

Kaynes Semicon, a wholly-owned subsidiary of electronics manufacturing services (EMS) Kaynes Technology, on Monday received the Union Cabinet’s nod for its Rs 3,307 crore outsourced semiconductor assembly and test (OSAT) unit in Sanand, Gujarat.

With this, Kaynes’ chip unit becomes the fifth such project in the country to have received the government’s approval for a semiconductor assembly and test unit under the Rs 76,000 semiconductor incentive scheme.