Now that there are foreign competitors on the market, Tata, the largest company in India, will also begin making chips there. In support of that endeavour, the group intends to invest $90 billion over the following five years, according to the chairman.Natarajan Chandrasekaran, chairman of Tata Sons, stated that the corporation intends to start new operations in developing industries.
With the Indian semiconductor market expected to more than quadruple to $64 billion between 2021 and 2026, according to the India Electronics and Semiconductor Association and others, Tata’s entry into the chipmaking industry will be a first for the country. Except for software-based design, the nation currently has essentially no semiconductor sector, despite the fact that demand for semiconductor-intensive products like smartphones and electric vehicles is rising quickly.
Over the past few years, there has been a significant change in the setting in which the Indian government operates. The nations that are involved in semiconductors have changed dramatically over the past two years, unlike any other time in the industry’s history. There is a common desire to keep those supply chains internal given the recent chip problem following the COVID-19 pandemic.
Using the 2020-founded electrical components maker Tata Electronics as an example, Chandrasekaran stated to Nikkei Asia, “We are going to start up semiconductor assembly testing business” He went on to say, “We will have negotiations with different players,” bringing up the prospect of collaborations with current chip makers.
According to a recent report by India Ratings and Research, India will require roughly 63,000 charging stations and cumulative investments totaling Rs 26,900 crore to set them up over the next five years to meet the country’s rising demand for electricity to power electric vehicles.
According to the survey, the nation may require 0.23 million charging stations over the next ten years to keep up with the surge in EV sales, costing a total of Rs 1.05 lakh crore by FY32. According to data, there are currently roughly 1,000 commercial charging stations in the nation as of FY22.
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