Narendra Modi opens Kaynes Semicon Sanand ₹3,300 cr facility
Prime Minister Narendra Modi just opened Kaynes Semicon's new semiconductor plant in Sanand, Gujarat.
This ₹3,300 crore facility is set to roll out up to 60 lakh chips a day and is a big move under India's plan to boost homegrown chip manufacturing.
Sanand becoming India's semiconductor hub
Today in a way, a new bridge between Sanand and Silicon Valley, the plant will make advanced power modules for US companies, showing off India's growing spot in the global tech scene.
The factory started up just 14 months after approval and has already shipped hundreds of chip modules to the US
With more tech giants like Micron setting up, Sanand is quickly turning into India's own semiconductor hub, helping the country rely less on imported chips and aiming for a $100 billion market by the end of the decade (by 2029).