India approves setting up three chipmaking units worth $15.2 bln

Powerchip Semiconductor Manufacturing

29/02/2024 10:10

NEW DELHI, Feb 29 (Reuters) - The Indian government on
Thursday approved setting up three semiconductor units by
companies including India's Tata Group and Japan's Renesas, the
electronics minister said.
    The projects will involve a total investment of 1.26
trillion rupees ($15.2 billion), minister Ashwini Vaishnaw said.
($1 = 82.9061 Indian rupees)

 (Reporting by Shivam Patel in New Delhi; Editing by YP Rajesh)
 ((Shivam.Patel@thomsonreuters.com;))