Embassy Developments, Lam Research ink Rs 1,125 cr land deal in Bengaluru

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Embassy Developments, Lam Research ink Rs 1,125 cr land deal in Bengaluru - Business Standard

Quick Summary:

The agreement includes the sub-leasing and eventual divestment of a 25-acre land parcel in Whitefield, Bengaluru.

Plans are now in place to scale operations in India over the coming years to strengthen global supply chain resilience.

The government had launched the Indian Semiconductor Mission under its Rs 76,000 crore initiative that offers companies financial incentives for setting up their units in the country.