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Following the Union Cabinet's approval for setting up India's fifth semiconductor manufacturing unit in Gujarat on Monday, Bharat Rashtra Samithi (BRS) working president KT Rama Rao criticised the current Telengana government after Kaynes Semicon Pvt Ltd, the company responsible for setting up the manufacturing unit, shelved their plans for setting up the plant in Telangana and instead moved to Gujarat.
Taking to social media platform X, KT Rama Rao stated that Kaynes initially announced the semiconductor manufacturing unit to be set in Telangana back in October 2023 and that the then-state government under BRS had also allotted the land to Kaynes for the manufacturing unit. "Congratulations to Gujarat... This unit of Kaynes was announced to be set up in Telangana in October 2023. We had put in tenacious efforts to convince Kaynes to move from Karnataka to Telangana. They wanted land allotted right next to the Foxconn plant at Kongara Kalan, close to Hyderabad Airport. We got that done in less than 10 days to win them over," he said. He also stated that it was "truly saddening" to see the company move to Gujarat and added that it was a huge loss to the state of Telangana. "Now to see this news that they are moving to Gujarat is truly saddening for us who worked hard for this... This was an important investment of over 3,500 crore in semiconductor industry, which is now a huge loss to Telangana State," Rao added. Following this, Telangana Minister for Industries and Commerce Sridhar Babu slammed all the misinformation spread around in this matter and stated that Kaynes Semicon is fully committed to their Hyderbad Project and that the additional facility in Gujarat doesn't detract from the company's significant investment in Telangana. "It is imperative to correct the blatant misinformation being spread about Kaynes SemiCon's investment in Telangana. Kaynes SemiCon has unequivocally affirmed its commitment to its Hyderabad project. The company remains fully dedicated to establishing its advanced electronics manufacturing facility at Kongarkalan, with the first phase already inaugurated by me. The addition of a facility in Gujarat does not detract from their significant investment in Telangana; in fact, it increases employment capabilities. Kaynes' commitment to Telangana remains unchanged, and employment at the Kongarkalan plant is expected to increase to 3,000," he said, taking to X. He further mentioned that it was "disheartening" to see such misinformation being peddled around to create confusion and hamper Telangana's growth. "It is disheartening to see such misinformation being peddled to create confusion and hamper Telangana's achievements and growth, not just now and also in the future. These misleading statements reflect a lack of due diligence and a clear attempt to distort the facts. The reality is that Telangana continues to attract and retain substantial investments, and Kaynes SemiCon's ongoing commitment is a testament to this. Before launching into unfounded claims, it would be prudent for the opposition to verify their facts. Spreading misinformation not only misguides the public but also undermines genuine progress and hard work. Telangana's advancements and investments should be acknowledged accurately, not overshadowed by baseless allegations," he added. Earlier on Monday, the Union Cabinet chaired by Prime Minister Narendra Modi approved the proposal of Kaynes Semicon Pvt Ltd to set up a semiconductor unit in Sanand, Gujarat. The proposed unit will be set up with an investment of Rs 3,300 crore. As per an official release, the capacity of this unit will be 60 lakh chips per day. The chips produced in this unit will cater to a wide variety of applications, which include segments such as industrial, automotive, electric vehicles, consumer electronics, telecom, and mobile phones. (ANI)
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