Natronix-SPEL has signed a MoU with
Government of Tamil Nadu for ₹500 Crore investment during the Global Investors Meet
Sep 10, 2015
The
Government of Tamil Nadu (GoTN) recently organized a
Global Investor's Meet in
Chennai on Sep 9 & 10, 2015. It was inaugurated by the HonourableChief Minister of Tamil Nadu, Selvi J. Jayalalithaa.
The Meet was attended by
Business Delegates from various Corporates, Diplomats & Government
Officials from India and all over the World. The Meet focused on
attracting Global Investments to the State of Tamil Nadu, highlighting
the various infrastructure & incentives offered by the GoTN.
During the
meet, the GoTN had signed MoUs worth ₹242,160 Crores
(approximately US$37Bln) covering industries including Manufacturing,
Energy, IT & other sectors.
Natronix-SPEL
represented by D.
Balakrishnan, CEO of SPEL,
signed a MoU for ₹500 Crores (US$ 76Mln) investment.
Natronix-SPEL has
planned major expansions in its existing facility at Chennai. The Global
Investor Meet was a perfect platform to announce this to the world.
Natronix-SPEL
is looking to expand its OSAT capacity with introduction of Advanced
Packaging technologies like BGA & MEMS. Besides this,
Natronix-SPEL
is also keen on investing in Smartcard Module Manufacturing & Chip
Design.
SPEL Semiconductor Limited is India’s first & only
Semiconductor IC Assembly & Test facility. SPEL pioneered the Outsourced
Semiconductor Assembly & Test Services ( (OSAT) market in India and
continues to steadily do so. SPEL is a trusted & strategic contract
manufacturing partner for many of the world's leading Semiconductor
companies.
