ISM and Tata sign Fiscal Support Agreement for chip fab
By MYBRANDBOOK
India Semiconductor Mission (ISM), Tata Electronics Pvt Ltd (TEPL), and Tata Semiconductor Manufacturing Pvt Ltd (TSMPL) have signed a Fiscal Support Agreement (FSA) for India’s first commercial semiconductor fab in Dholera, Gujarat. This significant agreement represents a decisive step forward in strengthening India’s technological self-reliance under the modified programme for semiconductor & display manufacturing ecosystem in India.
The Government of India, through ISM has committed 50% fiscal support for eligible project costs. Tata Electronics’ semiconductor fab in the Dholera (SIR) commands a total investment of over ₹91,000 crores with a capacity of 50,000 wafers starts per month (WSPM). The government’ support demonstrates unwavering national commitment to building a world-class semiconductor ecosystem within Indian borders.
This groundbreaking is set to generate over 20,000 direct and indirect skilled jobs and brings Taiwan’s Powerchip Semiconductor Manufacturing Corp. (PSMC) expertise to India, creating a powerful technological alliance. The facility will address critical global semiconductor markets in automotive, computing, communications, and artificial intelligence sectors—transforming India from a technology consumer into a global manufacturing powerhouse.
“The Government of India is committed to the timely disbursement of fiscal support for the execution of this project. This initiative underscores India’s ambitions in indigenous semiconductor manufacturing. We are confident that Tata Electronics will play a pivotal role in strengthening the electronics value chain and make a significant contribution to India’s overarching goals in this sector,” said Shri Sushil Pal, CEO of the ISM.
“This is a historic milestone for India and Tata Electronics in its journey of establishing a semiconductor manufacturing industry in India. The Fiscal Support Agreement (FSA) solidifies our partnership with MeitY and ISM to realize our Hon’ble Prime Minister’s vision of manufacturing ‘Chips for Viksit Bharat’. We are grateful to the MeitY and ISM leadership for their unwavering support and resolve in not only defining but operationalizing a globally leading subsidy framework through this FSA. With construction being undertaken with a great sense of urgency, Tata Electronics is deeply committed to building India’s first AI enabled Fab in Dholera,” said Dr. Randhir Thakur, CEO and MD, Tata Electronics.
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