Vibrant Gujarat Summit: Tata to conclude semiconductor fab in Gujarat, N Chandrasekaran unveils mega investment plans – ET Auto

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Highlighting Tata’s commitment to electric vehicle technology, Chandrasekaran stated, “Sanand is becoming home for our EV tech. We expanded capacity to meet growing demand for EVs.”

Tata Sons Chairman N. Chandrasekaran revealed that the company is on the brink of finalizing a semiconductor fabrication unit in Gujarat‘s Dholera, with commissioning expected to commence shortly in 2024.

“We are about to complete negotiations and start work in 2024,” stated Chandrasekaran during the summit, emphasizing Tata‘s commitment to advancing technological infrastructure in the region.

The chairman further unveiled the company’s ambitious plans to kickstart the construction of a 20 gigawatts battery storage factory in Gujarat within the next couple of months. This initiative aligns with Tata’s vision to contribute to the nation’s electric vehicle supply chain, following the outline deal signed in June for a lithium-ion cell factory with an investment of approximately 130 billion rupees (USD 1.58 billion).

The memorandum of understanding, involving Tata’s unit Agratas Energy Storage Solutions and the Gujarat government, indicated that work on the plant, situated in Sanand, northern Gujarat, is anticipated to commence in less than three years.

Highlighting Tata’s commitment to electric vehicle technology, Chandrasekaran stated, “Sanand is becoming home for our EV tech. We expanded capacity to meet growing demand for EVs.”

Providing updates on another significant project, Chandrasekaran announced the ongoing construction of the C295 defense aircraft in Baroda, followed by operations in Dholera. He expressed satisfaction with the progress, stating, “Work is going on in full swing.”

Chandrasekaran acknowledged Gujarat’s special significance to the Tata Group, citing an eight-decade presence in the state since 1939, beginning with Tata Chemicals. Currently, 21 Tata Group companies have a robust presence in Gujarat, providing employment to over 50,000 individuals.

The chairman also lauded Prime Minister Narendra Modi for his leadership, attributing the consistent development of Gujarat to Modi’s excellence. Chandrasekaran asserted, “The impact of eco development has also resulted in tremendous social development. Gujarat clearly has established itself as the gateway to the future (of India).”

  • Published On Jan 10, 2024 at 11:46 AM IST

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