Paras Defence Signs ₹6,200 Cr Semiconductor Facility MoU with MP Govt

Paras Defence and Space Technologies Ltd, through its semiconductor arm Paras Semiconductors, has signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh to establish an advanced semiconductor packaging OSAT facility. The facility, proposed with an investment of ₹6,200 crore, will be located on fifty acres of land allotted on the Ujjain–Indore Corridor. This initiative aims to bolster India's semiconductor manufacturing ecosystem, develop devices for strategic applications, create employment, and support the state's vision for advanced manufacturing. The project aligns with India's semiconductor ambitions and Madhya Pradesh's Semiconductor Policy 2025.