Rajasthan-based electronics manufacturing company Sahasra Semiconductors announced that it is planning to become the first-ever firm to set up a semiconductor chip assembly, test and packaging facility in India, and could even start manufacturing and selling locally manufactured chips by the year’s end. Chairman and managing director of Sahasra Semiconductors Amrit Manwani recently announced that the company is planning to invest somewhere around Rs 7.5 billion to establish a manufacturing unit in the city of Bhiwadi, Rajasthan.
“We will invest Rs 150 crore in this financial year for setting up the ATMP facility in Elcina manufacturing cluster in Bhiwadi, Rajasthan. We expect it to be operational by the end of this year. Once the market is established and we touch revenue in the range of Rs 250-300 crore then we will again invest Rs 600 crore. In total, we plan to invest Rs 750 crore initially,” said Chairman and managing director of Sahasra Semiconductors Amrit Manwani.
He also said that the first full financial year of the company will generate revenues around Rs 500 million which is expected to grow up to Rs 5 billion by 2025-26, due to the commercial production of the company. Manwani said that the company has already invested a total of Rs 600 million in the current fiscal year and is set to complete an investment of Rs 750 million in the year 2023-24. The company has mostly invested in equipment and clean room facilities essential for semiconductor packaging.
“We expect the first set of equipment to leave from Singapore this week and arrive at our factory by mid-August. Many equipment will come between August and September. We will have trial runs probably in November and we will be able to commercialise production by December of this year,” said Chairman and managing director of Sahasra Semiconductors Amrit Manwani.
“The demand for memory products is identified. We will not only utilise the semiconductors for our captive consumption but will give out to brands who demand for it. We have been one of the important players in the memory segment. We have been supplying pen drives, SD cards and also solid state drives for the computer segment. There is huge demand coming for domestically made products both from original equipment makers and the retail market. People are looking for domestically made products in the wake of dollar fluctuation, India China stand-off, US-China stand-off. People want an alternate source to China. We believe customers will definitely welcome domestically manufactured memory semiconductors,” added Manwani.
“Both the government and private organisations desire that these things should be locally manufactured,” he further added.