Daijiworld Media Network - New Delhi
New Delhi, May 17: Tata Electronics has signed an agreement with Dutch technology major ASML to develop a major semiconductor manufacturing facility in western India during Prime Minister Narendra Modi’s visit to the Netherlands as part of his European tour.
The agreement, announced on Saturday, will support the establishment of Tata Electronics’ semiconductor plant in Dholera in Gujarat.
ASML, regarded as Europe’s largest technology company by market value, manufactures advanced lithography systems used in the production of high-end semiconductor chips for products including smartphones, automobiles and artificial intelligence applications.
The Dutch company said it would assist Tata Electronics in establishing and scaling up production at the facility by supplying advanced chipmaking equipment.
Tata Electronics plans to invest around 11 billion US dollars in the semiconductor plant, which is expected to manufacture chips for artificial intelligence, automotive applications and several other sectors.
ASML Chief Executive Officer Christophe Fouquet said the company sees significant opportunities in India’s expanding semiconductor sector.
“We are committed to establishing long-term partnerships in the region,” Fouquet said in a statement.
The agreement comes as India and the Netherlands seek to strengthen economic and technological cooperation, with India focusing on attracting foreign investment and advanced technology to boost manufacturing and employment.
During the visit, Modi held discussions with Dutch Prime Minister Rob Jetten and met King Willem-Alexander.
“My conversations with Prime Minister Rob Jetten were extensive and covered a wide range of topics,” Modi posted on X.
He said discussions included defence and security cooperation, along with the possibility of preparing an action plan for the defence industry. Modi also highlighted opportunities for collaboration in space technology, maritime systems and maritime security.
The Prime Minister also interacted with members of the Indian diaspora and is expected to inspect centuries-old Chola copper plates being returned to India by Leiden University.
Officials from both countries are additionally discussing flexible visa arrangements for Indian students and professionals in the Netherlands.
Modi is scheduled to next visit Sweden for talks with Prime Minister Ulf Kristersson on trade, innovation and green technology cooperation.