RRP Electronics Limited, a leading semiconductor company, has announced that, Government of Maharashtra at its recent cabinet meeting has approved its mega project with an investment of Rs. 24,000 crores in two phases. RRP Electronics is going to be the first company which is going to set up a semiconductor plant in the State of Maharashtra.

The company will initially set up an OSAT facility in a 40,000 sq.ft. state of the art facility at Mahape, which is expected to be operational by 16th September 2024. Besides, the company is going to add more production lines at its new plant at MIDC, Taloja, which is expected to be operational within the next two years.

The company had tied up with leading design company HMT Zurich, which is going to handhold the company to produce semiconductors at Mahape facility. OSAT is an Outsourced Semiconductor Assembly and Testing facility, which procures wafers from manufacturers and produces semiconductor chips. The user industries for the semiconductors manufactured by the company includes various sectors like automobiles, power, electronics, and more.

The company will create 4,000 jobs in the State of Maharashtra, and it would have an impact on the overall economic development and technological progress of the state.

Rajendra Chodankar, Chairman of RRP Electronics Limited, expressed her gratitude and enthusiasm for the project, stating, "We are delighted on recognising our semiconductor manufacturing project as a megaproject by the Government of Maharashtra. This state-of-the-art OSAT facility will reduce our country's reliance on imported semiconductor chips from Taiwan and South Korea by at least 25 per cent."

While India has semiconductor production capabilities in Chennai and Gujarat using the OSAT system, this trailblazing project marks a first in the State of Maharashtra.

"Our OSAT facility is a fully automated facility and would be the first of its kind with machinery from the major semiconductor hubs across the World. We would initially supply semiconductor chips to our partner HMT Zurich, and we are in talks with other major players for more orders. The semiconductor policy adopted by both Central and State of Maharashtra is very encouraging, and the project would entail subsidy of the entire investment made by the company," Chodankar added.