The Fact Maker

Semi-conductor fab plant in Karnataka to drive manufacturing and fuel Atmanirbhar Bharat: CII

Bengaluru: Confederation of Indian Industry (CII) congratulates the Government of Karnataka for signing the MoU with the ISMC for setting up semiconductor Fab Plant with an investment of around 22900 crores over the next 7 years. This is a great boost for the Indian investment ecosystem and would prove critical for India’s self- reliance.  While this would give the much needed push for the manufacturing sector this would also lead to creating strong employment opportunities in the State.

Calling this as a great achievement Ms Suchitra Ella, Chairperson, CII Southern Region said “This is a proud moment for the state and for the country to have India’s first and largest semiconductor fabrication unit initiated. Karnataka state has huge opportunities in terms of growth prospects, strong ecosystem, investment attractions and employment. The state enhances its good infrastructure and skilled human resources to ease overall operations which will also support industry development.  This will drive the overall growth of the industry ecosystem in the Southern Region. CII congratulates the Hon’ble Chief Minister, Shri Basavaraj Bommai in bringing this major investment into Karnataka which will propel the growth of Manufacturing in the State.”

Karnataka has been a pioneer in the Technology and R & D sectors, and implementation of this project will be a huge stride forward for the state in terms of becoming a major technology manufacturing ecosystem. The State offers the best infrastructure and skilled human resources for growth of tech sectors

Commenting on the investment Mr Arjun Ranga, Chairman, CII Karnataka cited “There has been intense competition amongst various states to get the Chip Fab plant. Our state has the infrastructure and is blessed with world-class skilled human resources. It is a matter of pride that the Chip Fab Plant will be located in the legacy city of Mysore. This initiative is a giant leap in our country’s effort towards Atma Nirbhar and self-reliance and will contribute immensely towards employment generation directly and also through the ancillary ecosystem that will have significant multiplier effects. CII Karnataka will support and work hand in hand with our State Government and all the stakeholders to transform the challenges into opportunities for the growth of our state and country.”

Mr Kamal Bali, Deputy Chairman, CII Southern Region said, “For me as a board member of Invest Karnataka Forum, this development is not only a matter of great satisfaction, this will also fast-track and further rejuvenate Karnataka as the torch-bearer of hi tech sectors. This is an anchor industry which will have a multiplier effect going forward in zones & districts. The government understands the importance of a conducive ecosystem, and clearly, this is a testimony to Karnataka being a truly premier investment destination with its robust & progressive policies, committed team, growing infra support and ever-increasing pool of talent in developing the ecosystem.”