Kochanahalli belt near Kadakola likely location; Consortium seeks 150 acres
Stakeholders welcome move; to result in overall development of Mysuru region
Stakeholders and industry captains have welcomed the state government’s decision to set up a semiconductor fab plant in Mysuru with an investment of Rs. 22,900 crore (Three Billion Dollars). A Memorandum of Understanding (MoU) was signed in Bengaluru with Israel-based International Semiconductor Consortium ISMC Analog Fab Private Limited.
Additional Chief Secretary in the Department of IT, BT Dr. E.V. Ramana Reddy and Director of ISMC Ajay Jalan signed the MoU in the presence of Chief Minister Basavaraj Bommai.
Government sources said that the ISMC is one of the three applicants for the Union Government’s 10-Billion Dollar incentives for semiconductor manufacturing. This will be India’s first and largest semiconductor fabrication unit.
Sources from the Mysore Chamber of Commerce and Industry (MCCI) said that the likely location of the plant will be at Kochanahalli Industrial Area that is located near the Mysore Airport that is being expanded as a full-fledged Airport. Kochanahalli is in close proximity to Kadakola, Adakanhalli, Thandya and Immavu that already have many industries. The likely venue is also close to the Container Corporation of India (CONCOR) that is being constructed at Kadakola. The ISMC has sought 150 acres to set up the semiconductor fabrication plant that is expected to generate more than 1,500 direct jobs and 10,000 indirect jobs.
