Follow us
CG Power and Industrial Solutions seeks nod for setting up semiconductor assembly, test facility
The estimated investment in the project is $791 million over a 5-year period.
By Autocar Professional Bureau
10262 Views
CG Power Industrial Solutions has filed an application with the Ministry of Electronics and Information Technology (MeitY), seeking approval to set up an Outsourced Semiconductor Assembly and Test (OSAT) facility, and grant of a subsidy.
The estimated investment in the project is $791 million over a 5-year period, noted the press release.
Subject to the subsidy being approved, CG Power Industrial Solutions, a subsidiary of Tube Investments, in the Murugappa Group, proposes to implement the same as a joint venture in partnership with technology providers/anchor customers, which are under discussion.
RELATED ARTICLES
Indonesia Enacts Mandatory 50 Percent Biodiesel Blending Rate: Reuters
Dev Vadchhedia
02 Jul 2026
Feedstock Price Premiums and Falling Crude Markets Test Financial Viability of Higher Biofuel Standard.
Supply Chain and Middle East Disruptions Pull Down JLR Quarterly Wholesales by 9 Percent
Dev Vadchhedia
02 Jul 2026
Luxury Carmaker Faces Double Digit Retail Slump in Key Western and Chinese Markets as Jaguar Model Transition Begins.
Sedemac Mechatronics Crosses 1,000,000 Quarterly Unit Sales For ECUs in Q1FY27
Dev Vadchhedia
02 Jul 2026
Automotive Component Supplier Logs 37.1 Percent Volume Expansion in Core ECU Dispatches.
