Mr. Rajendra Chodankar, Chairman
of RRP Electronics Limited
RRP Electronics Limited, a
leading semiconductor company, is delighted to announce that, Government of
Maharashtra at its recent cabinet meeting has approved its mega project with an
investment of Rs. 24,000 crore in two phases. RRP Electronics is going to be
the first company which is going to set up a semiconductor plant in the State
of Maharashtra.
The company will initially
set up an OSAT facility in a 40,000 sq.ft. state of the art facility at Mahape,
which is expected to be operational by 16th September, 2024. Besides, the
company is going to add more production lines at its new plant at MIDC, Taloja,
which is expected to be operational within the next two years.
The company had tied up
with leading design company HMT Zurich, which is going to handhold the company
to produce semiconductors at tis Mahape facility. OSAT is an Outsourced
Semiconductor Assembly and Testing facility, which procures wafers from the
manufacturers and produces semiconductor chips. The user industries for the
semiconductors manufactured by the company includes various sectors like
automobiles, power, electronics, and more.
The company will create
4,000 jobs in the State of Maharashtra and it would really go a long way in the
overall economic development and technological progress of the State. This
initiative represents a major leap forward for the state, promising to enhance
its role as a key player in the global semiconductor industry.
Mr. Rajendra Chodankar, Chairman of RRP Electronics Limited, expressed her gratitude and enthusiasm for the project, stating, "We are delighted on recognizing our semiconductor manufacturing project as a megaproject by the Government of Maharashtra.Â
This state-of-the-art OSAT
facility will reduce our country's reliance on imported semiconductor chips
from Taiwan and South Korea by at least 25%. While India has semiconductor
production capabilities in Chennai and Gujarat using the OSAT system, this
trailblazing project marks a first in the State of Maharashtra.
Our OSAT facility is a
fully automated facility and would be first of its kind with machinery from the
major semiconductor hubs across the World. We would initially supply
semiconductor chips to our partner HMT Zurich and we are in talks with other
major players for more orders.
The semiconductor policy
adopted by both Central and State of Maharashtra is very encouraging and the
project would entail subsidy of the entire investment made by the company.
