New Delhi. Former cricketer Sachin Tendulkar-backed company RRP Electronics on Tuesday announced an investment of Rs 5,000 crore for a semiconductor facility in Maharashtra. The company said in the statement that this investment will be made in the next five years. The company has not disclosed the contribution of Tendulkar or other shareholders to the total investment. The company has joined hands with a European consortium for this.
The 25,000-square-foot facility in the satellite city of Navi Mumbai was unveiled on March 23 in the presence of Tendulkar, retired nuclear physicist Anil Kakodkar and company founder, chairman, promoter and chief executive Rajendra Chodankar, the statement said.
“Embending on a journey of innovation, RRP Electronics has committed an initial investment of Rs 5,000 crore over the next five years with the same determination and commitment for the second phase,” the statement said. '
“We live in exciting times today, when India is building industries that will positively impact the world in the future,” Tendulkar was quoted as saying in the statement. I am happy to support the technologies and entrepreneurs who are part of this story.
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Tags: Business news in hindi, Sachin tendulkar
FIRST PUBLISHED : March 26, 2024, 11:31 PM IST
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