Another opportunity slips through Karnataka’s fingers. Silectric Semiconductor Manufacturing Pvt. Ltd., which was considering Mysuru for its next plant, has now backed out. The official reason? “Issues with technical direction,” stated the Company. But the real reason, according to industry insiders was the inability of the Karnataka Government to hand over legally clear land and…
Semiconductor Fab Unit in Mysuru: What’s in it for Mysuru-Nanjangud?
December 30, 2024By S.G. Vombatkere Karnataka’s State High-level Clearance Committee cleared establishment of Karnataka’s first semiconductor project (fab unit) at a cost of Rs.3.4K crore, in a 234-acre electronics manufacturing cluster near Mysuru. [Ref.1] It is reportedly based upon investment by Zoho-backed Silectric Semiconductor Manufacturing Pvt. Ltd. The fab unit is thus a government-investor joint venture. Centre…
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