📋 Tender Overview
Scope : To Set up a Semiconductor Park in YEIDA area
Noida, Uttar Pradesh
The Hiranandani Group plans to set up a semiconductor park on 91 acres in Sector 28 in the Yamuna Expressway Industrial Development Authority (YEIDA) area.
Darshan Hiranandani, CEO of the company have applied and are awaiting approval.
The company had signed a deal with the UP government during the February 2023 UP Global Investors Summit and proposed to invest Rs 17,000 crore under the project.
Hiranandani Group’s Tarq Semiconductors Private Limited applied with the Central government under the Indian Semiconductor Mission scheme nearly a week ago, submitting a fee of Rs 50 lakh. The company has also sent its application to the state government. Once approved by the Centre, the state cabinet would allot the land. They have identified 91 acres in Sector 28.
The project plan is to introduce three distinct semiconductor ATP production lines: legacy, mature and complex. ATP plant 1 shall be constructed and commissioned over 24 months in phase 1 of the project. ATP plants 2 and 3 shall be subsequently constructed and commissioned over the next 24 months in phase 2 of the project.
The project is likely to give employment to 1,000 people. The company might get the green signal from the Centre and state in the next 15-20 days.
The company anticipated an investment of over Rs 2500 crore in the first phase.
