The foundation stone for the new 25,000 sq ft facility will be laid on 23rd March 2024, with the renowned Indian nuclear physicist and mechanical engineer, Dr. Anil Kakodkar, officiating
FinTech BizNews Service
Mumbai, March 19, 2024: In a landmark move, RRP Electronics Ltd announces the establishment of Maharashtra’s first of its kind semiconductor facility, a joint venture with a prestigious European consortium. This initiative marks a significant technological milestone, promising to position Maharashtra as a hub for semiconductor innovation and manufacturing.
The foundation stone for the new 25,000 sq ft facility will be laid on 23rd March 2024, with the renowned Indian nuclear physicist and mechanical engineer, Dr. Anil Kakodkar, officiating. This event marks the inception of a new era in India’s tech industry. The state-of-the-art OSAT facility will act as a catalyst for future growth, paving the way for the development of a comprehensive R&D center and an expanded setup that includes multi-line OSAT and a Fab foundry, supported by the Maharashtra Government.
Investment and Future Plans
With an initial investment of INR 5,000 crores over the next five years and an equal investment planned for phase II, RRP Electronics Ltd is committed to spearheading advancements in semiconductor technology. The company also plans to explore government subsidies to further this ambitious project.
Innovation at the Forefront
RRP Electronics Ltd will continue to serve key sectors such as automobile, power, electronics, and industrial markets, while also focusing on developing revolutionary semiconductor-based technology. This innovation is set to redefine industry standards and propel the nation towards unprecedented technological heights.
As a leader in the electronics industry, RRP Electronics Ltd is dedicated to pushing the boundaries of technology through innovation, strategic partnerships, and a steadfast commitment to research and development. This new facility underscores RRP’s role in shaping the future of semiconductor technology in India and beyond.
