Tata to announce semiconductor fab investment in India's Gujarat

Tata to announce semiconductor fab investment in India's Gujarat

Signage for Tata Communications Ltd. is displayed atop of the company's headquarters in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg

Tata Group is close to announcing plans to build a new semiconductor fabrication plant in India’s Gujarat state this year, Tata Sons chairman Natarajan Chandrasekaran said on Wednesday at an investment summit.