Tendulkar-Backed Company RRP To Invest Rs 5,000 Crore For Semiconductor Facility In Maharashtra
RRP
Electronics, a company backed by former cricketer Sachin Tendulkar, announced
an investment of Rs 5,000 crore for a semiconductor facility in Maharashtra.
Backed by former cricketer Sachin
Tendulkar, RRP Electronics announced a whopping Rs 5,000 crore investment in a
Maharashtra-based semiconductor facility over the next five years. While
details about Tendulkar’s stake or other shareholders remain undisclosed, the
company inaugurated a 25,000-sq-ft facility in Navi Mumbai on March 23. The
event saw the presence of Tendulkar, retired nuclear physicist Anil Kakodkar,
and RRP Electronics’ founder, Rajendra Chodankar.
RRP Electronics plans to expand its
reach by setting up a research and development centre and enhancing its
operations to include a multi-line OSAT and a fab foundry. The company
emphasised its commitment to innovation, with Chodankar noting Tendulkar’s role
as a “strategic investor.” Tendulkar, showing his excitement, commented on
India’s growing impact on global industries and his support for technologies
shaping this evolution. Leveraging government subsidies, RRP Electronics aims
to target sectors like automotive, power, electronics, and industrial markets.
The move reflects the increasing interest of companies in the capital-intensive
semiconductor sector.
Leave A Comment