New Delhi: The commencement of work of the Micron Technology semiconductor factory in Gujarat will be starting in 4-6 weeks, Ashwini Vaishnaw, the Union Minister of Communications, Railways, Electronics and Information Technology stated on July 3.

Vaishnaw while being at the launch of the Bharat 6G alliance in New Delhi, said that loans had already been allocated for setting up the factory in Gujarat.

A lot of progress has been made on that project. The site allocation has been done by the government of Gujarat… And now, the company is preparing for setting up the factory,” Vaishnaw told reporters at the launch.

The semiconductor factory will be the first of its kind to be set up in the country, as India from a long time was looking for a way to get into the stream of global semiconductor supply chain.

PM Modi during his trip, met with Micron’s Chief Executive Officer, Sanjay Mehrotra, on June 21 in Washington DC, and invited him to India to “boost semiconductor manufacturing in India.”

Adding Further, Viashnaw said that a total of five companies had been granted approval under the Design-Lineid Incentive (DLI) scheme of the government.

“All the five companies have given very good proposals to design chips, including one for satellite communication and one for beam formation. So we have got proposals to design some very complex chips,” the minister stated.