Tata Group to set up semiconductor processing plant in Assam; to invest Rs 40,000 crore

Indian conglomerate Tata Group has submitted an application to set up a greenfield semiconductor processing plant in Jagiroad, Assam, with an investment of Rs 40,000 crore.

"Tata Group has submitted an application to set up a semiconductor processing plant in Assam with an investment of Rs 40,000 crore," CM Himanta Biswa Sarma tweeted.

The development, led by Tata Electronics Limited, marks a significant leap in India's journey towards becoming a self-reliant hub in semiconductor technology, essential for electronic manufacturing.

According to reports, the plant will focus on semiconductor assembly and packaging, a critical component in the domestic supply chain.

The plant, located about 55 km from Guwahati in Morigaon district, is expected to create a conducive environment for industrialization in Assam.

The Chief Minister expressed optimism about the project's approval in the coming months and highlighted the group's commitment to training 1,000 individuals for employment in the new facility.

What will be the economic and social impact?

The investment by Tata Group is anticipated to generate significant employment opportunities in Assam, attracting further capital investments.

Tata Electronics plans to employ 85% women in its workforce and engage in community development initiatives focusing on health, hygiene, and education.

The Chief Minister also highlighted Assam's evolving industrial climate and the launch of the Mukhya Mantri Atmanirbhar Asom, a scheme aimed at empowering two lakh youths for entrepreneurial ventures.