Tata Group is ready to spread its wings in semiconductor and electronics, making this big plan
Tata Group is soon going to spread its wings by entering the electronic and semiconductor market. For this, the company has made a complete plan. The company is also in talks with OSAT i.e. outsourced semiconductor assembly and testing vendors to enter this sector.
At the same time, the company is also looking for land near the electronic plant for its new project in Tamil Nadu. Let us tell you, Tata Electronics already has an electronics plant in Krishnagiri district of Tamil Nadu. With the big step of Tata Group, India can get a chance to supply chips at the global level.
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Tata preparing to take land
Tata Sons told ET that it is soon going to start the business of semiconductor assembly testing. Let us inform that Tata Group launched Tata Electronics in 2020 for greenfield manufacturing of electronic components. According to Tata sources, the company is preparing to take land in Coimbatore, Western District of Tamil Nadu. After taking the land, the company will move towards its next step.
signed memorandum
Tata Electronics, a subsidiary of the Tata Group, has signed a memorandum with the Tamil Nadu government in 2021 for a phone parts manufacturing unit with an investment of Rs 4,684 crore. This important step of Tata is also expected to provide employment to more than 18,000 people. If this plan of Tata becomes successful, it will become the third largest mobile parts maker in Tamil Nadu. At present, people are also getting the facilities of Taiwan’s Foxconn and Pegatron in Tamil Nadu.
