Sachin-backed firm to invest Rs 5,000 cr in fab facility
The statement said on March 23, a 25,000 square feet facility in the satellite city of Navi Mumbai was unveiled in the presence of Tendulkar.
Sachin Tendulkar
NEW DELHI: RRP Electronics, a company backed by former cricketer Sachin Tendulkar, on Tuesday announced an investment of Rs 5,000 crore for a semiconductor facility in Maharashtra. The investment will be done over the next five years, a statement said. Contributions from Tendulkar in the overall investment or details of other shareholders were not disclosed by the company.
The statement said on March 23, a 25,000 square feet facility in the satellite city of Navi Mumbai was unveiled in the presence of Tendulkar, retired nuclear physicist Anil Kakodkar and the company’s founder, chairman, promoter and chief executive Rajendra Chodankar.
It is an outsourced semiconductor assembly and test (OSAT) facility and plans are afoot to establish a comprehensive research and development centre and have an expanded setup encompassing multi-line OSAT and a fab foundry.