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Home Manufacturing

Manufacturing: KASFAB aims for $25bn global market

Fiinews by Fiinews
January 29, 2025
in Manufacturing
Reading Time: 3 mins read
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Manjunath Kasfab Tools

Manjunath Jyothinagara, Managing Director, KASFAB Tools Pvt Ltd.

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Doddaballapur plant to collaborate with semiconductor producers

KASFAB Tools Private Limited of has launched India’s first semiconductor equipment manufacturing and building facility for tapping the US$25 billion global market.

Located in Doddaballapur, Karnataka, the state-of-the-art facility is capable of supporting industry giants and collaborate with players like Applied Materials, LAM Research, Tokyo Electron, Yield Engineering Systems as well as other international heavyweights.

“As global semiconductor equipment makers look to diversify their supply chains, India offers a compelling opportunity for contract manufacturing,” KASFAB Tools Managing Director Manjunath Jyothinagara said on 28 Jan after the launch.

“The country’s talent pool and engineering ecosystem will drive MSMEs to embrace this path with greater confidence, and we anticipate a growing number of players will be motivated to join in building a vibrant, local semiconductor ecosystem,” he elaborated

“By providing advanced manufacturing capabilities, we are not only supporting global customers but also positioning Karnataka as a leading hub for innovation and high-tech engineering http://semiconductors.org.

“This initiative will generate employment, attract significant investments, and accelerate India’s ambitions to become a global leader in semiconductor manufacturing,” said Jyothinagara.

The facility was inaugurated among global supply chain partners and customers from Fortune 100 companies in attendance along with Dr Suraj Rengarajan – Head Semiconductor Products Group in Applied Materials India, Dr Ankineedu Velaga – SVP & Country Head YES India and Prof Srinivasan Raghavan – Chairman CeNSe IISc formally https://sbi.com.in/.

This groundbreaking initiative marks a significant milestone in India’s journey towards self-reliance and leadership in the semiconductor industry. The KAS Group will invest significantly in KASFAB Tools Private Limited, the newly formed company, beginning with Rs.20 crore in its initial phase, followed by an additional Rs.250 crore in the subsequent expansion phase.

“This strategic move aims to tap into a global market valued at US$25 billion, with the Indian semiconductor ecosystem poised to reach Rs.2,500 crore within the next 3 to 5 years,” he said https://www.bseindia.com/.

It is equipped with cutting-edge infrastructure, including Class 10 and Class 100 cleanrooms, high-precision welding for plastics and metals, component fabrication, and ultrasound-aided cleaning with deionized (DI) water https://ism.gov.in/.

The facility also houses independent test and validation tools, a safety simulation bench, and functional testing capabilities, ensuring compliance with the highest global standards. The facility sprawled across 20,000 sq. ft. on the outskirts of Bangalore, has been developed after extensive benchmarking of similar setups in the USA, Japan, South Korea, Malaysia, and China, making it one of the most advanced facilities of its kind in India https://www.nseindia.com/.

KAS Group, a prominent player with a proven track record in the engineering sector and an impressive portfolio of companies including UHP Technologies and KASTech Equipments serving Solar and Semiconductor Industry with established expertise across multiple domains, such as solar fabs and semiconductor R&D facilities, UHP Technologies has recently been awarded a significant contract for Micron Semiconductor Gujarat, further solidifying its position in the industry. Fiinews.com

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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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