The Dholera SIR is continuously getting global attention. Now, German chemical giant Merck has shown interest in inking a deal with India’s Tata Electronics for the semiconductor fab facility at Dholera, a news article by The Economic Times has suggested. You must be aware that Tata is investing Rs 91,000 crore for its Dholera semiconductor plant, in a joint venture with Taiwan’s Powerchip Semiconductor Manufacturing Corp (PSMC). The plant is expected to be operationalised by 2026. If the deal with Merck materialises, the German company will supply materials and specialty chemicals for Tata’s semiconductor plant at Dholera.
Now, why is this news important for us? Just to remind you that the world needs semiconductors to function. Whether it’s smartphones, cars, fridges, EVs or missiles, we need chips for modern technological advancements. Right now, we are dependent on foreign countries and import them. And when Tata has started to create one of the world’s biggest semiconductor plants, it needs supply chain assurance to meet consumer demand in the future. And there is no better company in the world to fulfill Tata’s semiconductor needs than Merck. It means that the world’s biggest companies are showing trust and confidence in Dholera’s potential.
Now, let’s assess how this semiconductor plant is going to positively impact Dholera investors.
Even a layman can tell you that a project of this standard could result in massive job opportunities for technicians, engineers, scientists, and support staff. And then with jobs and hiring, there would be a major demand for rental homes, residential plots, and infrastructure that could meet the footfall. Another aspect is that international suppliers, ancillary industries, and several research and development units will need land to set up their offices.
In simple terms, as the semiconductor plant starts taking shape, the land rates in Dholera will not just rise, but multiply.
Once this Tata–Merck deal is signed on paper, Dholera would become a global hotspot with global companies making a beeline to take their share in the growth of this future city. We have witnessed the rise and rise of cities like Pune (for automotive), Bengaluru & Gurugram (for IT), and how big companies invested heavily to set up their offices and plants in these places. Dholera will be known for its semiconductor revolution in the world.
Presently, Dholera is still affordable and anyone can buy a piece of land. But with each new announcement, it will become difficult and costly for you to have a plot in India’s first Greenfield city.
The Economic Times report is just a signal that when the biggest companies of the world are showing full faith in Dholera, it would be a mistake to not own a piece of land in this ‘Singapore of India’.
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Source:- https://www.etnownews.com/companies/indias-semiconductor-push-tata-electronics-in-talks-with-this-german-giant-for-exclusive-chemical-deal-article-15
