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Semiconductor JV Boosts CG Power
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CG Power and partners to invest Rs 7,600 crore in Gujarat semiconductor facility for advanced technology production, targeting automotive and 5G sectors. The JV agreement with Japan and Thailand companies aims to produce 15 million units per day, with CG Power holding a majority stake. The Union Cabinet approval under India's semiconductor scheme propels this significant investment.
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How might this semiconductor facility impact India's position in the global tech market?
In what ways could this joint venture influence the semiconductor industry's landscape in India and beyond?
What challenges could CG Power face in achieving the projected profit margin from the semiconductor unit?
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