Semiconductors are often regarded as the backbone of digital technology and covers everything in the IT sector.“Chhattisgarh government acted swiftly to ensure the set-up of the facility, with the company allotted 1,50,000 square-feet land area at Sector-5 Nava Raipur, through a tender process by Nava Raipur Development Authority. The public-private partnership aims at positioning Chhattisgarh as a key hub in India’s semiconductor manufacturing ecosystem”, the official spokesperson told .“As India accelerates toward becoming a global semiconductor powerhouse, with demand projected to reach $64 billion by 2026 and $110 billion by 2030 (approximately 10% of global consumption), this facility aligns with the nation’s Atmanirbhar Bharat and Make in India initiatives. It will reduce import dependency while strengthening domestic manufacturing capabilities” said Eswara Rao Nandam, Managing Director & CEO (Polymatech Electronic).The state government’s forward thinking industrial policy is apparently designed to attract high-tech manufacturing investments.“The collaboration is expected to boost Chhattisgarh’s capabilities in global semiconductor manufacturing”, said Rajat Kumar, secretary, commerce and industry department.
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