A Fiscal Support Agreement (FSA) was signed by India Semiconductor Mission, CG Power and Industrial Solutions Limited and CG Semi Private Limited, on January 17, 2025. This marks an important step in India’s efforts to strengthen its semiconductor manufacturing through CG’s OSAT facility which was approved under the Modified Programme for Development of Semiconductor and Display Manufacturing Ecosystem.
CG Power and Industrial Solutions Limited is setting up its semiconductor OSAT unit in Sanand, Gujarat, which is in partnership with Renesas Electronics America Inc. and Stars Microelectronics (Thailand) Public Co. Limited, with a total investment of approximately Rs 76 billion.
The Project will benefit from 50 per cent fiscal support on a pari-passu basis for the eligible CAPEX from India Semiconductor Mission reflecting commitment of the Government of India to strengthen India’s position as a key player in the global semiconductor value chain.
By fostering high-tech manufacturing and employment opportunities, the project is set to drive technological advancement and economic growth in the country, and will strengthen India’s position as a trusted partner in establishing an efficient, resilient and sustainable global semiconductor value chain.
