The "Make in India" policy is designed to spur the growth of the manufacturing industry in India. Cricket is pleased to have the opportunity to participate in the launch of a semiconductor manufacturing industry in India. Our new wafer fab will act as a catalyst for the creation of a larger Indian ESDM (electronics system design and manufacturing) ecosystem.
The impact on India’s economy from even a single wafer fab will be profound. With its surrounding ecosystem and product/systems value chain, it will be responsible for the creation of many thousands of jobs, generating billions over its project life span and reducing India’s electronics import burden.
But India needs more than one wafer fab. Cricket envisions building more fabs, but also anticipates that others will enter the market once a successful launch of manufacturing has been demonstrated. Over time, this is how the ecosystem will grow and how the import bill will be reduced.
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