Maharashtra govt nod for USD 10 billion Adani-Tower Semicon proposal
NEW DELHI: The Maharashtra government approved a USD 10 billion semiconductor investment proposal from a joint venture between Tower Semiconductor and the Adani Group on Friday.
As per Deputy Chief Minister Devendra Fadnavis, the unit will be established in Taloja, Panvel. While the government has approved the proposal, it has not yet received approval from the Union Ministry of Electronics and Information Technology, which has allocated USD 1 billion for semiconductor projects in the country.
