Spain's Submer Group has announced a $2 billion investment in the semiconductor industry in the Indian state of Madhya Pradesh, marking a significant expansion of European industrial capital into the region's technology sector.
A senior state government official confirmed the deal on Monday, noting that the project is expected to create approximately 5,000 direct jobs.
The investment, valued at roughly ₹19,000 crore, underscores the growing strategic importance of India as a destination for semiconductor manufacturing and supply-chain diversification.
The move arrives amid a broader surge in global semiconductor capital expenditure, with major players including Samsung Group outlining multi-year investment plans for new manufacturing facilities.
While Samsung's recent announcements have focused on South Korea, Submer's commitment highlights the sector's geographic dispersion as companies seek to balance supply chains and access emerging markets.
The project in Madhya Pradesh is likely to benefit from state-level incentives aimed at boosting local industrial capacity and employment.