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Micron Technology: It was solely throughout Prime Minister Narendra Modi’s go to to America that issues got here out that American chip maker Micron Technology will arrange a brand new semiconductor chip plant in Gujarat, India with an funding of $2.75 billion. In which Micron will make investments solely $ 825 million on its behalf. The remainder of the funding will probably be made by the central authorities and the Gujarat authorities after establishing the venture. Now the opposition is focusing on the central authorities relating to the proposed semiconductor plant of Micron Technology.
Supriya Shrinet, chairperson of the social media and digital platform of the primary opposition occasion Congress, has questioned the entire deal by means of a tweet. Supriya wrote in a tweet that Micron Technology is not going to manufacture the chip however will assemble it. She additional writes that, within the funding of $ 2.75 billion for the semiconductor plant, 50 p.c of the quantity will probably be invested by the central authorities and 20 p.c by the Gujarat authorities. While Micron will make investments solely $825 million. Taxpayers should bear the burden of the remaining funding of about $ 2 billion.
Right earlier than Prime Minister Modi left for the US, a Micron semiconductor check/meeting plant was introduced in Gujarat with a complete funding of $2.75 billion.
But it isn’t that straightforward – learn on to learn the way a lot you’re paying for this unit.
🔹First of all bear in mind, Micron will…
— Supriya Shrinate (@SupriyaShrinate) June 25, 2023
Announcing the set up of the venture, Micron Technology had advised that 5,000 folks would get direct employment by together with each the phases of the venture. Supriya Shrinate tweeted that which means that we’re investing $ 2 billion to create 5,000 jobs. That is, the price of one employment is 4 lakh {dollars} or 3.2 crore rupees. He requested that below which precept of economics does it look affordable? He requested why the nation’s assets had been being misused on this approach.
let me inform you prime minister Narendra Modi Sanjeev Mehrotra, President & CEO of Micron Technology had additionally met the Prime Minister throughout his US go to. Micron Technology advised that the development of this new plant will begin solely in 2023 and manufacturing will begin from the plant by the tip of 2024. In which 5,000 folks will get direct employment and 15,000 folks will proceed to get oblique employment for the subsequent a number of years. Will go. This will probably be Micron’s first funding in India. But with the announcement of establishing the venture, politics has began relating to the semiconductor plant of Micron Technology.
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