# CG Power signs fiscal support agreement for ₹7,600 crore semiconductor OSAT project in Gujarat

India Semiconductor Mission, CG Power and Industrial Solutions Ltd. and CG Semi Pvt. Ltd. signed a Fiscal Support Agreement on January 17, 2025, for a semiconductor OSAT facility in Sanand, Gujarat, with a total investment of approximately ₹7,600 crore. The project is in partnership with Renesas Electronics America Inc. and Stars Microelectronics (Thailand) Public Co. Ltd.

- Type: Investment
- Announced: 2025-01-17
- Where: Sanand, Gujarat, India
- Value: $914.0M (76.0B INR)
- Status: announced
- Products: semiconductor OSAT
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [CG Power and Industrial Solutions](https://endata.com/companies/16858.md)
- [CG Semi](https://endata.com/companies/76222.md)
- [Renesas Electronics America Inc.](https://endata.com/companies/32139.md) (partner)
- [India Semiconductor Mission](https://endata.com/companies/82384.md) (partner)
- [Stars Microelectronics (Thailand) Public Co. Ltd.](https://endata.com/companies/82385.md) (partner)

## Sources

- [pib.gov.in](https://www.pib.gov.in/PressReleaseIframePage.aspx?PRID=2093860&lang=2&reg=3), 2025-01-17: "Marking a significant progress in India’s journey to develop a robust semiconductor manufacturing ecosystem, a Fiscal Support Agreement (FSA) was signed by India Semiconductor Mission, CG Power and Industrial Solutions Ltd. and CG Semi Pvt. Ltd., on January 17, 2025."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.