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The Hiranandani Group has committed ₹28,440 crore for a semiconductor project in Noida, marking another bold push in India’s chip ambitions.
The deets: the investment was part of a flurry of industrial pledges in Uttar Pradesh:
- Avaada Group is putting in ₹20,000 crore for solar projects
- Tata Power plans ₹13,700 crore for two ultra-supercritical thermal units in Bundelkhand
- UltraTech Cement committed ₹1,981 crore across multiple districts
Context: India is going all-in on semiconductors. Hiranandani’s mega move comes just months after the Union Cabinet greenlit a ₹3,706 crore semiconductor wafer fab in Jewar under the HCL-Foxconn JV.
Micron is setting up a $2.75 billion Assembly, Testing, Marking, and Packaging) plant in Gujarat. Tata Group is building a semiconductor chip manufacturing facility in Dholera, while HCL-Foxconn has partnered to establish a wafer fabrication unit in Noida.
Zoom out: India has earmarked ₹76,000 crore under the Semicon India Programme, which is a government-led initiative to build a domestic semiconductor ecosystem from design to fabrication. As global tensions strain supply chains, semiconductors are becoming a strategic asset—and India wants in.
Big theme: from AI to EVs to defence tech, chips are the new oil. And India’s making sure it doesn’t run out.
