PM Modi’s visit to Netherlands… Tata’s deal with Europe’s largest company ASML, employment opportunities will open

Delhi. The agreement between ASML and Tata Electronics will give a big boost to semiconductor production in India. This agreement, signed during Prime Minister Modi’s visit to the Netherlands, is expected to open new opportunities for technology, investment and employment. Netherlands’ leading technology company ASML has signed an agreement with Tata Electronics on Saturday, under which construction and expansion of semiconductor plant in India. Will be cooperated in.

This agreement took place during the visit of Prime Minister Narendra Modi to Netherlands and was finalized in his presence. ASML manufactures state-of-the-art machines for semiconductor manufacturing. The company said that it will help in setting up the Dholera plant located in India’s western state of Gujarat and increasing its production capacity. This plant is being built in Prime Minister Modi’s home state.

The company said that it will use its state-of-the-art lithography technology in this project. These equipment are used in fast and large-scale production of high-tech microchips, which are used in many modern devices, from cars to mobile phones. India-Netherlands Economic Partnership This agreement has come at a time when India and the Netherlands have signed a new agreement to strengthen the economic partnership.

Recently, a free trade agreement was signed between India and the European Union, which European Union chief Ursula von der Laen called the “Mother of All Deals”. ASML, Europe’s largest technology company by market capitalisation, said it sees “many important opportunities” in India’s semiconductor sector. Company CEO Christophe Focke said in a statement that ASML is committed to establishing a long-term partnership in this sector. This plant of Tata Electronics is approximately It is being developed with an investment of 11 billion dollars. The semiconductor chips prepared in it will be used in Artificial Intelligence, automobile industry and other economic sectors.

India considers the EU as an important source of advanced technology and investment, which it wants to use for rapid infrastructure development and large-scale employment opportunities. On the other hand, the EU sees India as a large market with a fast-growing economy and the world’s most populous country.

On this occasion, Prime Minister Modi said that India’s progress in the semiconductor sector is creating huge opportunities for the youth of the country. He said, “This is an area in which we will keep adding more energy in the times to come.”

Netherlands Prime Minister Rob Yaten said that Dutch companies can invest extensively in India in the coming years and play an important role in creating employment opportunities there. “This creates an opportunity for Dutch companies to invest in India and also creates an opportunity to attract Indian talent to the Netherlands,” he said.