Tata to announce semiconductor fab investment in India's Gujarat

FILE PHOTO: Tata Sons Chairman Natarajan Chandrasekaran speaks to shareholders during the Tata Consultancy Services (TCS) annual general meeting in Mumbai, India, June 16, 2017. REUTERS/Danish Siddiqui/File Photo

GANDHINAGAR, India (Reuters) -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.

The comments came at the Vibrant Gujarat Global Summit, a business event being held in Prime Minister Narendra Modi's home state in one of his last major efforts to draw investments before a re-election bid.