Boost to semiconductor manufacturing in Mysuru: Silectric Semiconductor to invest Rs. 3,425 crore at Kochanahalli
Mysuru: Chennai-based Silectric Semiconductor Manufacturing Pvt Ltd, established by directors of Zoho, is set to invest Rs. 3,425.60 crore in Karnataka’s first electronics manufacturing cluster at Kochanahalli near Nanjangud, Mysuru. This venture is projected to create 460 jobs and will be set up on a 40-acre site.
The 64th State High-Level Clearance Committee (SHLCC), chaired by Chief Minister Siddaramaiah, recently approved 10 proposals across various industrial sectors worth a total of Rs. 9,823 crore, which are expected to generate 5,605 jobs.
During the meeting, Siddaramaiah announced that the first semiconductor project in the State would be established at the Kochanahalli Electronics Manufacturing Cluster.
The Karnataka Industrial Area Development Board (KIADB) has earmarked 234 acres at Kochanahalli, near Kadakola, for the electronics manufacturing cluster (EMC) and semiconductor units. The Government plans to introduce a new Electronics System Design and Manufacturing (ESDM) policy to attract further investments.
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