Tata Group's Chairman, N Chandrasekaran, announced on Wednesday, January 10, that the conglomerate is set to establish a large semiconductor fabrication plant in Dholera, Gujarat. Anticipated to commence operations in 2024, the project is currently in the final stages of negotiation. Chandrasekaran made the announcement during the 10th Vibrant Gujarat Global Summit.
Furthermore, Chandrasekaran outlined the group's plans to start construction of a 20-gigawatt lithium-ion storage battery factory in Sanand city, Gujarat, within the next two months. He highlighted the Tata Group's recent substantial commitment to expanding its presence in Sanand, positioning it as a hub for the group's electric vehicle technology to meet the escalating demand for EVs.
In addition to these ventures, the Tata Group is engaged in the construction of the C295 defence aircraft in Vadodara, with plans to extend manufacturing operations to Dholera. Chandrasekaran also mentioned the upcoming launch of the first phase of the Indian Institute of Skills, a collaborative effort with central and state governments, in Gujarat by March 2024.
Chandrasekaran expressed the group's view of Gujarat as a crucial destination for business growth and the development of advanced technology industries in India. Presently, the Tata Group operates 21 companies in the state, employing over 50,000 people. The chairman attributed the strong connection between the group and Gujarat to the founder's hometown being Navsari.
Highlighting the state's progress, Chandrasekaran commended the visionary leadership of Prime Minister Narendra Modi, who initiated the Vibrant Gujarat Global Summit two decades ago. He described Gujarat as a "gateway to the future" due to its strengths and acknowledged the significant economic benefits that have contributed to social development in the state.
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