In a significant development for Assam’s industrial landscape, Tata Electronics has unveiled plans to invest a whopping ₹27,000 crore in setting up a semiconductor assembly and testing plant in Jagiroad. This move marks a historic milestone as the state gears up to witness the birth of its very own semiconductor manufacturing facility.
Collaboration with Tata Group
Chief Minister Himanta Biswa Sarma revealed that discussions between the Assam government and Tata Group have been ongoing for nearly a year. This collaboration underscores the state’s commitment to fostering industrial growth and attracting major investments.
Focus on Defence Manufacturing
In an exclusive conversation with CNBC-TV18, CM Sarma shed light on Assam’s future plans in the realm of defence manufacturing. He disclosed that the state government is poised to introduce an incentive-based policy aimed at bolstering defence manufacturing within a few months post-election.
Priority Shift: Defence Industry in Focus
Sarma reiterated Assam’s shifting priorities, highlighting the significance of the defence industry alongside sectors like petroleum refining and semiconductors. This strategic pivot reflects the state’s ambition to diversify its industrial portfolio and tap into new avenues of growth.
Regulatory Clearances Underway
Assuring seamless progress, CM Sarma affirmed that all necessary regulatory clearances are being expedited to facilitate Tata Electronics’ semiconductor project. He noted the company’s commencement of chip production in Karnataka on a pilot basis, signaling proactive steps towards realizing Assam’s semiconductor aspirations.
Land Acquisition and Operational Plans
With Tata Electronics having secured possession of the designated land, the groundwork for the semiconductor plant is well underway. CM Sarma expressed optimism regarding the project’s trajectory, emphasizing the alignment between the state government and Tata Electronics in facilitating its smooth execution.
As Assam embarks on its semiconductor journey with Tata Electronics, the state stands on the cusp of a transformative industrial evolution. With robust support from the government and strategic partnerships with industry giants like Tata Group, Assam is poised to emerge as a key player in the semiconductor sector, driving economic growth and fostering technological innovation in the region.
