The Adani Group will construct a semiconductor fabrication plant with its partner from Israel, aiming to boost India’s chipmaking capabilities.

The Adani Group and Israel’s Tower Semiconductor Ltd will build the chip manufacturing plant, according to a report by Bloomberg.

The plant will be made with an investment of Rs 83,947 crore ($10 billion) at Taloja on the outskirts of Mumbai, said Devendra Fadnavis, Deputy Chief Minister of Maharashtra, in a post on X.

Fadnavis said the plant will have a production capacity of 40,000 wafers in the first phase and 80,000 wafers in the second, providing 5,000 jobs.

The semiconductor plant is expected to be built in three to five years, according to the Bloomberg report citing sources. The Adani group will fund the investment through its internal funds and debt, it added.