Tata Group Chairman Natarajan Chandrasekaran announced plans to sign Memorandums of Understanding with 10 additional semiconductor companies to strengthen the industry ecosystem in India, reported ANI News. The announcement came during his address at the Advantage Assam Investors Summit 2.0 in Guwahati on Tuesday.
Chandrasekaran highlighted that several global semiconductor partners, including ASMPT, DISCO, Besi, Cadence, and Tokyo Electron (TEL), have already established a presence in Assam. He praised the state government for creating an exemplary business environment, stating, "Assam has set a benchmark of good governance, transparency and listening to industry as a key differentiator for fostering industrial growth."
The Chairman revealed details about Tata Electronic Facility's upcoming semiconductor manufacturing plant in Assam, which represents an investment of Rs 27,000 crores. Upon completion, the facility will produce 48 million chips daily, making it the largest semiconductor chip facility in India and Southeast Asia. The project is expected to generate over 30,000 jobs and serve as "a cornerstone of modern high-tech industrialisation of Northeast."
Prime Minister Narendra Modi inaugurated the Advantage Assam 2.0 summit, which featured participation from numerous Union ministers including S. Jaishankar, Jyotiraditya Scindia, Ashwini Vaishnaw, Piyush Goyal, Nirmala Sitharaman, Hardeep Puri, Sarbananda Sonowal, and Pabitra Margherita.
The event attracted prominent business leaders such as Mukesh Ambani, Gautam Adani, Sajjan Jindal, Prashant Ruia, and Anil Agarwal. Additionally, high-level delegations from Australia, South Korea, Singapore, Malaysia, Taiwan, Indonesia, Thailand, Bhutan, and Japan attended the summit.