Cricket legend Sachin Tendulkar is investing in this semiconductor facility. Such celebrated personalities investing in the sector could be a great asset to the Indian semiconductor industry.
RRP Electronics has announced plans to invest Rs 5,000 crore over a period of 5 years in a semiconductor facility in Maharashtra. The announcement was made when the company unveiled a 25,000 square feet facility in Navi Mumbai, attended by Sachin Tendulkar, retired nuclear physicist Anil Kakodkar, and founder Rajendra Chodankar.
RRP Electronics eventually aims to expand operations with a research and development center and a multi-line outsourced semiconductor assembly and test (OSAT) and fab foundry. The investment will target sectors including automotive, power, electronics, and industrial markets, utilizing government subsidies.
Tendulkar is a strategic investor and expressed his excitement about being part of India’s growing industries. The semiconductor sector has seen several investments recently due to its capital-intensive nature. Such celebrated personalities investing in the sector could be a great asset to the Indian semiconductor industry.
Recently, the government approved 3 semiconductor facilities leveraging the semiconductor production linked incentive (PLI) scheme, one in Assam and two in Gujarat. Micron will establish an assembly, test, marketing and packaging (ATMP) unit in Sanand, Gujarat. Tata electronics will build a semiconductor fabrication facility in Dholera, Gujarat and a semiconductor assembly and test unit in Morigaon, Assam.
