Micron’s semiconductor project at Sanand in Gujarat on fast track

Union Cabinet led by Prime Minister Shri Narendra Modi had approved the proposal of Micron for setting up a semiconductor unit in India with capital investment of ₹22,516 crore (2.75 billion dollars) in June 2023, providing 50 per cent fiscal support on pari-passu basis. Ground breaking of the unit at Sanand, Gujarat was done within 3 months in September 2023.

Construction of the unit is going on in full swing and is expected to be completed in about 12 months. The memory and storage products manufactured in this unit will cater to domestic consumption and be exported globally.