Tata Group to Set Up $300 million Semiconductor Assembly Unit, in Talks with 3 States

tata group to set up 300 million semiconductor assembly unit in talks with 3 states

Sumary of Tata Group to Set Up $300 million Semiconductor Assembly Unit, in Talks with 3 States:

  • “While they (Tata) are very strong on the software side of things … hardware is something they want to add to their portfolio, which is very critical for long-term growth,” the source said.
  • Tata’s push will bolster Indian Prime Minister Narendra Modi’s ‘Make in India’ drive for electronics manufacturing, which has already helped turn the South Asian nation into the world’s second-biggest maker of smartphones.
  • The Tata group, which controls India’s top software services exporter Tata Consultancy Services and has interests in everything from autos to aviation, plans to invest in high-end electronics and digital businesses, its Chairman N.

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