SEPTEMBER, 20259RRP ELECTRONICS TO BUILD 12,000 CR SEMICONDUCTOR UNITMARUTI SUZUKI CEO: INDIA READY FOR GLOBAL MANUFACTURING ROLERRP Electronics declared that they have a letter of comfort from the Maharashtra government for an area of 100 acres in Navi Mumbai to build their planned 12,000-crore rupee semiconductor fabrication facility. Chief Minister Devendra Fadnavis formally handed over the letter at an event.Supported by the legendary cricketer Sachin Tendulkar, the company informed that is facility will be created by moving a semiconductor fab from Sherman, Texas, one of the world's leading chipmakers, to India. The project, with an approximate outlay of 12,035 crores, is projected to be the most advanced fab of the region with a monthly output of 125,000 wafers."This purchase strongly establishes Maharashtra as the leading state in the country's Semiconductor Mission roadmap. Our government is ready for sure to provide the infrastructure, policy facilitation, and skill development support required to make it successful",Fadnavis said.RRP Electronics aims to start the construction within the next six months, with the first phase of the project being commissioned by the second quarter of 2026.Describing the land acquisition as a "landmark step," the Chairman of RRP Electronics, Rajendra Chodankar, stated that the move indicates the company's commitment to making India independent in semiconductors. The fab, which is proposed to be Hat-trick India's semiconductor production ecosystem, is in line with the government's vision to make India a global hub for electronics and chip making. India is already on the path to emerge the next manufacturing powerhouse in the world, and the stability of policies will be the gateway to this potential, Maruti Suzuki India MD and CEO Hisashi Takeuchi said on Friday.In a speech at the yearly convention of Automobile Component Manufacturers Association of India, (ACMA), he has pointed out the distinct advantages of the country in the face of economic turbulence worldwide.Takeuchi reported how the US, Europe, Japan and subsequently China gained economic dominance in the world and India is set to turn its time as well. India has the right ingredients in a 1.3 billion working-age population, a fast-growing economy of 4 trillion dollars, and an aggressive government policy with what he called a spirit of resilience and innovation.He likened the situation in India with that in post-war Japan, where the government supported initiatives to spur the industrial growth. The same is being established through reforms like lowered corporate taxes, Production Linked Incentive (PLI) plans, and Make in India. New tax cuts and interest rate initiatives, he said, will only stimulate domestic demand and boost manufacturing.Even though some obstacles still exist, especially the US tariffs on almost all of the $523 billion of Indian auto parts exports, Takeuchi was optimistic that bilateral negotiations were progressing. He also cited the move by Suzuki to manufacture its first global EV, the e-VITARA, in India and export to more than 100 countries as evidence of the emerging global status of the nation. TOP STORIESSEPTEMBER, 20259
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