newsdesk@business-northeast.com

+91 6026176848

More forecasts: New York weather 30 days

Tata Group inaugurates Rs 27,000 Crore semiconductor plant in Assam, promising major economic boost and job creation

BNE News Desk , August 4, 2024
Spread the love

Morigaon: On June 3rd, Assam witnessed the inauguration of a significant semiconductor project worth ₹27,000 crore in Jagiroad. The "Bhumi Puja" ceremony was attended by Assam Chief Minister Himanta Biswa Sarma, Tata Sons Chairman Natarajan Chandrasekaran, several Cabinet ministers, local MLAs, Tata Group members, and other esteemed guests.

The Tata Group aims to establish India as a leader in semiconductor manufacturing. The event garnered substantial enthusiasm from residents of India and the Northeast, as the project plans to produce 4.3 crore chips daily. Approved by Prime Minister Narendra Modi, this initiative signifies a major advancement for the state, promising job creation, economic growth, and numerous opportunities.

Chief Minister Himanta Biswa Sarma commended Prime Minister Narendra Modi and Ratan Tata for their support, emphasizing Assam's potential to generate employment through its skilled workforce.

Tata Chairman Natarajan Chandrasekaran stated, "The Tata plant will supply chips for vehicles, electric vehicles, mobile phones, and other machinery. The Assam facility will create 27,000 jobs, including 15,000 direct and 12,000 indirect employment opportunities."

Chief Minister Sarma further noted that the plant is expected to be completed within 18 months, targeting completion by 2026. He also highlighted the involvement of several Northeast institutions in developing talent for the semiconductor industry, including NIT Silchar, NIT Mizoram, NIT Manipur, NIT Nagaland, NIT Tripura, NIT Agartala, NIT Sikkim, NIT Arunachal Pradesh, and two institutes in Meghalaya: North Eastern Hill University and NIT Meghalaya.