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.
10359 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
Ultraviolette Launches Riding Academy for Electric and ICE Motorcycle Riders
Autocar Professional Bureau
21 Aug 2026
The new academy brings Ultraviolette’s Track Attack and Into the Wild programmes under one platform, with three levels o...
SUPRA SAEINDIA 2026 to Feature 66 Student Teams at Buddh International Circuit
Autocar Professional Bureau
21 Aug 2026
Thirteenth edition of student engineering competition to run from September 2 to 5 with 52 conventional and 14 electric ...
‘Skills will Become the Currency’: Hyundai on Changing Automotive Roles
Mukul Yudhveer Singh
21 Aug 2026
Hyundai Motor India sees automotive organisations moving towards skill-based roles as software, data, AI and automation ...
