logo
Tata Electronics builds India's 1st semiconductor fabrication unit: Gujarat enables 1,500 residential units; mainly for Tata Group staff, suppliers

Tata Electronics builds India's 1st semiconductor fabrication unit: Gujarat enables 1,500 residential units; mainly for Tata Group staff, suppliers

Time of India13 hours ago

The first chip production from Dholera would commence by December 2026. (AI image)
India's 1st semiconductor fabrication unit: Gujarat is facilitating the construction of 1,500 residential accommodations for expatriates and staff members of the
Tata Group
and its vendors at Dholera, Ahmedabad district, where the organisation is establishing India's first semiconductor fabrication facility.
The development is taking place within the Dholera Special Investment Region. The Rs 91,000 crore Tata Electronics fabrication facility is projected to create over 20,000 skilled employment opportunities, both direct and indirect.
Construction has commenced on an additional 1,000 units, supplementing the existing 500 apartments, with completion anticipated by February-March next year. These serviced accommodations offer options of one, two or three bedrooms.
"There is an availability of about 275 apartments currently of which about 250 have been occupied by the Tata Group and their suppliers and other ecosystem companies, while 225 are nearing completion," said Mona Khandhar, principal secretary at the Department of Science and Technology in Gujarat according to an ET report . "They are in Dholera, in the vicinity of the upcoming fab and have been occupied by the teams presently stationed there.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất
IC Markets
Đăng ký
Undo
"
At the ground-breaking event of the Tata facility in Dholera in March 2024, union minister for electronics and information technology Ashwani Vaishnaw said that the first chip production from Dholera would commence by December 2026.
Tata Electronics semiconductor unit
"The Gujarat government hasn't directly constructed these (residential) facilities," Khandhar explained. "Private developers have undertaken the projects on plots auctioned through a special purpose vehicle established by the Gujarat government.
These dwellings are separate from those the Tata Group plans to develop independently."
Also Read |
Big win! China companies now exporting 'Made in India' smartphones & electronics to US, West Asia; notable shift for Chinese brands
The initial phase involves a 10-acre allocation to the Tata Group, with plans to complete 530 apartments by mid-2027, she indicated.
"As the Tata Group serves as an anchor investor, we ensure their consultation when necessary to maintain coordinated efforts," she said.
The Gujarat government is facilitating infrastructure development for Tata Group employees and suppliers, including expatriate staff.
The development encompasses a fire station, school, hospital, desalination plant, hotel and additional facilities including a 'Global Tent City'.
The Gujarat government intends to create an environment in Dholera reminiscent of expatriates' native countries. The Global Tent City will feature culinary streets representing Taiwan, Korea, Japan, the US and various European nations. Plans also include a premium mall and accommodation facilities.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Man loses 19.90 lakh in online scam
Man loses 19.90 lakh in online scam

Time of India

time30 minutes ago

  • Time of India

Man loses 19.90 lakh in online scam

T'puram: A 57-year-old Poojappura resident fell victim to an online scam, losing Rs 19.90 lakh to fraudsters posing as stock market experts. After searching online for profitable shares, he was contacted by individuals claiming to represent 'Institution Buyers', an alleged govt-approved agency. They lured him with promises of guaranteed returns and added him to a WhatsApp group which shared fake success stories. Over 20 days, the victim transferred funds in 10 transactions, only to realize he had been duped. The victim reported the incident to city cyber police, who launched a probe into the fraudulent scheme. TNN

Fintech Aspora raises $53 million to expand cross-border banking for global Indians
Fintech Aspora raises $53 million to expand cross-border banking for global Indians

Time of India

time30 minutes ago

  • Time of India

Fintech Aspora raises $53 million to expand cross-border banking for global Indians

Bengaluru: Aspora, a London-headquartered fintech startup focused on providing banking services for immigrant communities, has raised $53 million co-led by Sequoia and Greylock, with participation from Quantum Light Ventures. The company, which was previously known as Vance, is targeting the global Indian diaspora as its first major customer base. The latest round follows Aspora's $35 million and a $5 million seed extension last year. Over the past six months, the company has raised a total of $93 million across multiple funding rounds. Founded by Parth Garg in 2022, who dropped out of Stanford University to start the venture, Aspora is building cross-border financial products for non-resident Indians (NRIs) and other diaspora segments. According to the company, it currently serves 250,000 users, with its primary user base in the UAE. Over the past six months, Aspora's transaction volume has grown from $400 million to more than $2 billion, with users saving over $15 million in fees compared to traditional providers. Aspora offers zero-fee remittance transfers from the UAE and provides exchange rates identical to market benchmarks displayed on Google, while fees may apply in other markets. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Eat 1 Teaspoon Every Night, See What Happens A Week Later [Video] getfittoday Undo The company currently operates across the UK, EU, and UAE, and plans to launch in the United States in July 2025, followed by expansion into Canada, Australia, and Singapore by the end of the year. In addition to institutional investors, Aspora is backed by a group of individual investors that includes Balaji Srinivasan (former CTO, Coinbase), Sundeep Jain (former CPO, Uber), Prasanna Sankar (co-founder, Rippling), and Chad West (former global marketing head, Revolut).

State govt to launch Space Park project on Thursday
State govt to launch Space Park project on Thursday

Time of India

time30 minutes ago

  • Time of India

State govt to launch Space Park project on Thursday

T'puram: The foundation stone for Kerala's ambitious Common Facility Centre (CFC) and Research & Development Centre (RDC) as part of the Space Park project will be laid on Thursday. The event will be held at the Hyatt Regency, Thycaud, in the capital. Chief minister Pinarayi Vijayan will inaugurate the event. Organized by Kerala Spacepark (KSPACE), the event marks a significant step in boosting the state's aerospace and defence sectors. Spanning 15.06 acres in Pallippuram, the project is backed by Nabard and aims to provide shared facilities for testing, inspection and innovation. The two-day event will also feature exhibitions, startup pitching sessions and industry-academia interactions. Various sponsorship and exhibition opportunities are open to institutions and startups. Registration for delegates and students is now open. The tender for the Space Park was awarded to Ircon International Ltd, a Govt of India undertaking institution under the ministry of railways. The project was granted a Rs 241 crore loan from Nabard for the construction of the buildings and the campus. The tender was called by the Kerala State IT Infrastructure Ltd to construct two key buildings—the CFC and RDC. The estimated completion of the project is 30 months. The new facilities will be built on 3.5 acres of the 18.5 acres allotted by state govt at Technopark Phase IV in Pallipuram. Currently, the Space Park office operates from a rented building in Pattom. The R&D facility will feature startup incubators and other research amenities.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store