The corporate’s assurance comes within the background of reviews that steered that it would shift base to Gujarat the place it bought land. The corporate began building exercise on the Kongara Kalan web site in October 2023.
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Kaynes CEO Raghu Panicke, who met Telangana Chief Minister A Revanth Reddy right here on Monday, stated the corporate’s superior electronics unit could be inaugurated at Kongara Kalan on August 23.
Asking the Chief Minister to attend the inaugural, he stated the brand new OSAT unit, which the corporate is establishing, is into consideration by the Indian Semiconductor Mission (ISM). He stated the OSAT unit would start operations quickly after it obtained the ISM’s permission.
The Outsourced Semiconductor Meeting and Testing (OSAT) is being arrange with an estimated funding of ₹3,000 crore. The power is arising at a web site adjoining to Foxconn’s manufacturing facility at Kongara Kalan close to right here.
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