A senior government official in charge of managing India’s $10 billion chipmaking enterprise has revealed that building on the country’s first semiconductor assembly plant will begin next month.

The factory is expected to start producing India’s first domestically made microchips by the end of 2024.

Micron Technology, a famous US semiconductor company, will spearhead the project in Gujarat, according to India’s Minister of Electronics and Information Technology Ashwini Vaishnaw.

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The $2.75 billion project, which has government support, will begin building in August.

According to Vaishnaw, the Narendra Modi government’s India Semiconductor Mission is currently engaged in substantial attempts to gain assistance from numerous supply chain partners. Collaboration with suppliers of chemicals, gases, and manufacturing equipment, as well as enticing enterprises interested in developing silicon wafer fabrication operations, are all part of this strategy.

This is the quickest way for any country to establish a new industry. This isn’t simply a new firm; it’s a new industry for the country. We have set a target of eighteen months for [the first] production to leave this factory – December 24.

The ministers’ remarks lay out an ambitious timetable for Modi’s government as it works to improve India’s skills in manufacturing smartphones, batteries, and electric cars.

Currently, India’s technology manufacturing sector lags behind that of East Asia’s export-driven countries, particularly China, which started earlier and gave more considerable industry subsidies.