Manufacturing of semiconductors in Assam will put the state on the global map, industrialist Ratan Tata said. The Tata conglomerate has invested Rs 27,000 crore in investments for a semiconductor plant in Jagiroad, ANI reported.
"Today, the state government of Assam in partnership with the Tata Group will make Assam a major player in sophisticated semiconductors," Ratan Tata wrote on social media platform X, attaching pictures of him, Himanta Biswa Sarma and Tata Sons Chairman N Chandrasekaran.
"This new development will put Assam on the global map. We wish to thank the Chief Minister of Assam, Himanta Biswa Sarma for his support and vision that has made all this possible."
On March 13, Prime Minister Narendra Modi laid the foundation stones for three semiconductor facilities worth Rs 1.25 lakh crore- with two in Gujarat and one in Assam. Tata Group is setting up two of these three plants - one in each state, ANI noted.
Tata Group is hopeful that the production will start in 2026.
In another development, American chip maker Micron's high-end semiconductor fabrication plant at Sanand, Gujarat, is expected to be operational in late 2024.