Semiconductor manufacturing – India’s bargaining chip at the global stage!

On September 05, 2024, a committee of the Maharashtra Cabinet approved an investment proposal worth Rs 83,947 crore (US$10 billion) for a joint venture (JV) between Israel’s Tower Semiconductor and the Adani Group. This JV aims to establish a semiconductor chip manufacturing facility in Panvel, Maharashtra. This project is likely to be India’s second chip manufacturing facility and the sixth semiconductor plant in the country. While this proposal is one of the important developments in increasing India’s dominance in its manufacturing capabilities,