India reached a key milestone in its technology ambitions as Prime Minister Narendra Modi inaugurated a semiconductor facility set up by Micron Technology in Sanand in the western state of Gujarat.

The project, valued at approximately $2.75 billion, focuses on assembling, testing and packaging memory chips used in smartphones, data servers and artificial intelligence systems. Once fully operational, the facility is expected to produce hundreds of millions of semiconductor units annually.

During the inauguration, Modi described the project as a landmark development in India’s effort to strengthen its presence in advanced technology manufacturing and attract global investors. He emphasised that the country is positioning itself as a dependable destination for high-tech investments and supply chains.

As part of the launch event, Micron handed over its first batch of memory modules manufactured in India to Dell. The components will be used in laptops produced within the country for domestic markets.

The plant is expected to generate around 5,000 direct jobs while supporting an additional 20,000 indirect employment opportunities across related industries and services.

Officials said the facility represents the first completed project under the government-backed India Semiconductor Mission, which aims to develop a domestic semiconductor ecosystem and reduce reliance on global chip supply chains.

With global demand for semiconductors continuing to surge, the new plant is also expected to strengthen technological cooperation between India and the United States while boosting the country’s ambitions to become a major player in the global electronics manufacturing sector.