Micron Technology held a groundbreaking ceremony at the site of its $2.75 billion, 93-acre semiconductor assembly, testing and packaging plant at Gujarat Industrial Development Corporation’s (GIDC) industrial estate in Sanand, Gujarat, India, on September 23.

“The company is poised to begin construction in a record-breaking time-frame of less than three months after signing the MoU,” Gujarat chief minister Bhupendra Patel said while speaking at the event. The Hindustan Times says the project marks the largest investment so far under the India Semiconductor Mission (ISM). 

The groundbreaking event is a direct outcome of Prime Minister Narendra Modi’s recent visit to the United States in June, at the invitation of U.S. President Joe Biden. Speaking to reporters in Delhi on September 21, Union minister of state for entrepreneurship, skill development, electronics & technology, Rajeev Chandrasekhar said, “In January 2022, PM Modi laid out his vision for India in the global semiconductor ecosystem. He wanted India to rapidly catch up after decades of our country having missed opportunities and failed to make a mark in semiconductors.” 

Tata Projects will collaborate with Micron Technology in constructing the plant, which it says will begin shipping out semiconductor chips in 2024. 

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The Gujarat government announced the “Gujarat Semiconductor Policy 2022-2027” in July 2022, making it the first state in India to introduce a dedicated policy aimed at attracting investments in the chip manufacturing sector. The state has also established a dedicated Gujarat State Electronics Mission (GSEM) under the Department of Science and Technology, to assist and attract global investors.