Tata Electronics builds India's 1st semiconductor fabrication unit: Gujarat enables 1,500 residential units; mainly for Tata Group staff, suppliers
The first chip production from Dholera would commence by December 2026. (AI image)
India's 1st semiconductor fabrication unit: Gujarat is facilitating the construction of 1,500 residential accommodations for expatriates and staff members of the
Tata Group
and its vendors at Dholera, Ahmedabad district, where the organisation is establishing India's first semiconductor fabrication facility.
The development is taking place within the Dholera Special Investment Region. The Rs 91,000 crore Tata Electronics fabrication facility is projected to create over 20,000 skilled employment opportunities, both direct and indirect.
Construction has commenced on an additional 1,000 units, supplementing the existing 500 apartments, with completion anticipated by February-March next year. These serviced accommodations offer options of one, two or three bedrooms.
"There is an availability of about 275 apartments currently of which about 250 have been occupied by the Tata Group and their suppliers and other ecosystem companies, while 225 are nearing completion," said Mona Khandhar, principal secretary at the Department of Science and Technology in Gujarat according to an ET report . "They are in Dholera, in the vicinity of the upcoming fab and have been occupied by the teams presently stationed there.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất
IC Markets
Đăng ký
Undo
"
At the ground-breaking event of the Tata facility in Dholera in March 2024, union minister for electronics and information technology Ashwani Vaishnaw said that the first chip production from Dholera would commence by December 2026.
Tata Electronics semiconductor unit
"The Gujarat government hasn't directly constructed these (residential) facilities," Khandhar explained. "Private developers have undertaken the projects on plots auctioned through a special purpose vehicle established by the Gujarat government.
These dwellings are separate from those the Tata Group plans to develop independently."
Also Read |
Big win! China companies now exporting 'Made in India' smartphones & electronics to US, West Asia; notable shift for Chinese brands
The initial phase involves a 10-acre allocation to the Tata Group, with plans to complete 530 apartments by mid-2027, she indicated.
"As the Tata Group serves as an anchor investor, we ensure their consultation when necessary to maintain coordinated efforts," she said.
The Gujarat government is facilitating infrastructure development for Tata Group employees and suppliers, including expatriate staff.
The development encompasses a fire station, school, hospital, desalination plant, hotel and additional facilities including a 'Global Tent City'.
The Gujarat government intends to create an environment in Dholera reminiscent of expatriates' native countries. The Global Tent City will feature culinary streets representing Taiwan, Korea, Japan, the US and various European nations. Plans also include a premium mall and accommodation facilities.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
30 minutes ago
- Economic Times
US tariff spike hits China's small parcels, squeezing exporters
Bloomberg Live Events US tariff hikes on small packages from China triggered a slump in shipments last month, contributing to a huge drop in bilateral trade and roiling exporters like Shein Group Ltd The value of small parcels sent from China to the US fell to just over $1 billion in May, the least since early 2023, according to customs data released Friday. The 40% plunge from the same month last year marks a sharp reversal for a booming trade route, coming just as the US government eliminated a long-standing tariff policy shift is upending the business models of fast-fashion titan Shein and its rival Temu, which relied on the exemption to send goods directly to US customers free of tariffs. It's also squeezing thousands of small merchants who relied on the model as a low-cost entry into the world's largest consumer market.'Without the exemption, it would mean tougher business to us, and much fewer options for consumers, and potentially higher prices,' said Wang Yuhao, whose Kunming-based incense company, Shantivale, recently began selling to the US. 'This is a lose-lose situation.'For the entrepreneur, the new tariffs and logistical fees of direct shipping now would mean losing $2 on every parcel. To avoid the additional cost, Wang said he has pivoted to bulk shipments to US warehouses, a move that demanded an upfront investment of more than 100,000 yuan ($13,800) for inventory and source of the disruption is the end of the 'de minimis' rule exemption for Chinese and Hong Kong shipments. Previously, packages valued under $800 could enter the US duty-free. Since May 2, those parcels face tariffs as high as 54% after the Trump administration moved to close what it deemed an unfair trade impact on the largest players was swift. Shein raised US prices on items from dresses to kitchenware ahead of the hike to cover the costs of the higher tariffs, according to data compiled by Bloomberg News. In the week after the tariffs took effect, both Shein and Temu saw double-digit sales declines, an early sign the punitive measures are eroding their with the drop, the US remained the largest single destination for China's small parcels, the data showed. Malaysia followed by taking more than $700 million worth of such shipments last small parcel shipments rose 40% in May compared to a year ago, with Belgium, South Korea, Hong Kong and Hungary among other large destinations.
Time of India
40 minutes ago
- Time of India
Dollar edges higher vs yen amid focus on Middle East unrest
The U.S. dollar rose to a three-week high against the safe-haven yen and gained ground on the Swiss franc on Friday amid signs tension in the Middle East is easing after Iran backed continued discussions with Europe on its conflict with Israel. Iran's Foreign Minister Abbas Araqchi said Tehran backed further talks with Germany, France, Britain and the EU and would be prepared to meet again in the near future following talks in Geneva. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Access all TV channels anywhere, anytime Techno Mag Learn More Israel and Iran have been waging a week-long air battle as the Israeli government seeks to thwart Tehran's nuclear ambitions, and market participants are nervous about possible U.S. attacks on Iran, sparking a surge in the greenback. The dollar index, which measures the U.S. currency against six peers, including the Swiss franc, the Japanese yen, and the euro, is poised to rise 0.6% this week. On the day, however, the index remains flat after a Federal Reserve governor said rate cuts should be considered as soon as July, given recent inflation data. Live Events "The market's already expecting two rate cuts. That was just confirmed by the Fed this week. So, Mr. (Chris) Waller coming out and saying that, would indicate that it's coming sooner rather than later," said Joseph Trevisani, senior analyst at FX Street. Iran said on Friday it would not discuss the future of its nuclear programme while under attack by Israel, as Europe tried to coax Tehran back into negotiations. Meanwhile, the White House said on Thursday that President Donald Trump would decide on the potential involvement of the United States in the conflict in the next two weeks. That helped soothe nervous investors worried about an imminent U.S. attack on Iran, even though the prospect of a broadening Middle East conflict kept risk appetite in check. Brent crude fell more than 2%, but at around $77 a barrel, it was close to the January peak it hit last week. The drop supported the currencies of net oil-importing economies such as the euro and the yen. The euro rose 0.3% at $1.1534, while the yen fell 0.29% to 145.88 per dollar. The recent spike in oil prices added a new layer of inflation uncertainty for central banks across regions, which have been grappling with the potential impact of U.S. tariffs on their economies. Although the Federal Reserve this week stuck with its forecast of two interest rate cuts this year, Chair Jerome Powell warned of "meaningful" inflation ahead. Analysts saw the central bank's delivery as a "hawkish tilt" further underpinning the greenback's gains this week. The Swiss franc was flat at 0.8166 per dollar but was set for its largest weekly drop since the third week of April, after the country's central bank lowered interest rates to 0%. Investors were, however, taken aback by an unexpected 25-basis-point interest rate cut by Norges Bank, and the krone is down more than 2% against the dollar this week. Though geopolitical tensions were the main market focus this week, concerns about a trade war and the impact it may have on costs, corporate margins, and overall growth are ever-present, as Trump's early July tariff deadline looms. These concerns have weighed on the dollar, which is down about 9% this year. Currencies positively correlated to risk sentiment, such as the Australian and New Zealand dollars, were down 0.3% against the buck. Elsewhere, the yuan was flat at 7.1820 after China kept benchmark lending rates unchanged as expected. Sterling was flat at $1.3471, paring earlier gains after British retail sales data showed volumes recorded their sharpest drop since December 2023 last month. "The default setting may be position adjusting," said Marc Chandler, chief market strategist at Bannockburn Global Forex. Currency bid prices at 20 June 07:32 p.m. GMT Descripti RIC Last U.S. Pct YTD Pct High Low on Close Change Bid Bid Previous Session Dollar <=USD 98.701 98.67 0.04% -9.02% 98.898 98.5 index > 36 Euro/Doll 492 Dollar/Ye 175 Euro/Yen 16 Dollar/Sw 55 Sterling/ 457 Dollar/Ca 88 Aussie/Do 452 Euro/Swis 86 Euro/Ster 27 NZ 65 llar Dollar/No 003 Euro/Norw 265 Dollar/Sw 93 Euro/Swed 65
Time of India
41 minutes ago
- Time of India
TikTok's owner wanted to publish books, not anymore
News of the press's demise, which was reported earlier by the The Bookseller, came as a shock to authors who were swayed by the possibility that 8th Note could help engineer bestsellers with elaborate marketing campaigns on TikTok. Instead, 8th Note has started taking down digital editions of their books, effectively unpublishing them. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads When 8th Note Press launched in the summer of 2023, the small publisher had a big advantage over other new presses. It was started by Chinese technology company ByteDance , the owner of TikTok , the wildly popular social media platform where viral endorsements can transform books into bestsellers was not enough, it seems, to build a successful publishing business. In late May, 8th Note Press began informing writers that it was shutting down and returning publication rights to the of the press's demise, which was reported earlier by the The Bookseller, came as a shock to authors who were swayed by the possibility that 8th Note could help engineer bestsellers with elaborate marketing campaigns on TikTok. Instead, 8th Note has started taking down digital editions of their books, effectively unpublishing agent Mark Gottlieb, who sold the debut novel "To Have and Have More" to 8th Note, said the company was doing "irreparable damage" to its authors by shutting down so haphazardly. While publishing imprints frequently come and go, the books and authors they publish are usually moved elsewhere within the parent company, rather than being taken out of circulation entirely. If a book is published then quickly disappears, it can be difficult to resell it to another publisher, Gottlieb said."They're wrecking careers in the process of doing this," he said of 8th Note. "If you're an author and this is your first book, what the history is going to show is that your book published and quickly went out of print."The publisher's precipitous fall was surprising, given its parent company's vast resources and last year, the press seemed poised to expand. In October, its executives announced a partnership with the publisher Zando to put out print editions of its books and distribute them to physical bookstores. The plan was to release 10 to 15 titles a year, with a focus on romance, romantasy and young adult fiction. Later, the imprint indicated to agents that it was expanding into science fiction and for 8th Note Press and ByteDance did not respond to requests for comment, and representatives for Zando declined to closure of 8th Note comes at an uncertain time for TikTok, as the prospect of a U.S. ban on the app looms. On Thursday, President Donald Trump again extended the deadline for ByteDance to find a new owner for TikTok so that it can continue to operate in the United publisher acquired more than 30 titles in its first year, and authors and agents who struck deals said part of the appeal was the imprint's parent company -- and the prospect that 8th Note could deliver sophisticated digital marketing campaigns that took advantage of ByteDance's data on TikTok trends and influencers. But despite its built-in promotional power, 8th Note did not deliver any breakout blockbusters, and some agents say it did little to market many of its titles. Currently, digital editions of many of its titles are no longer for sale, though print editions for some titles released with Zando can still be purchased."It's been so unfortunate for the authors," said Jill Marr, an agent at the Sandra Dijkstra Literary Agency, who represents two authors who write under the pseudonym June selling the rights to Kaye's novel, "37 Questions," to 8th Note in November, the publication did not proceed smoothly, Marr said. The editor who acquired the book departed and wasn't replaced. Royalty statements and sales figures that were due to arrive at the end of May still haven't come in, she novel had an extremely short retail run: It was released digitally in February and taken down after just a few her authors are hoping to find another publisher willing to take a chance on their debut, but they are saddled with a launch that sputtered."I'm going to try to resell it to other publishers, but it's difficult because we didn't have time to gain any traction," Marr said. "They're devastated."
