Tata Planning Rs 40,000-Crore Semiconductor Unit in Assam: CM – News18

Tata Group is planning to arrange a semiconductor processing plant in Assam at an funding of about Rs 40,000 crore, Chief Minister Himanta Biswa Sarma stated on Friday. Addressing a perform right here, he stated it has approached the Centre for the ultimate nod after discussions with the state authorities, and the go-forward is predicted quickly.

“There is a very good news for us. Tata Electronics Ltd has submitted an application for setting up an electronic centre at Jagiroad,” Sarma stated. “They have submitted a proposal to the Government of India with an outlay of about Rs 40,000 crore,” he added.

Jagiroad, in Morigaon district, is about 55 km from the state’s largest metropolis Guwahati. Sarma stated the Tata Group held preliminary talks with the state authorities in regards to the semiconductor meeting and packaging plant, and glad with the discussions right here, they’ve approached the Centre.

“If all goes well, we will see a major investment in the state which will create a positive environment for industrialisation. We are in touch with the Centre and hope that the final approval will be given in a month or two,” he stated. The chief minister stated that the conglomerate has additionally approached the state authorities to coach 1,000 folks for employment in the unit.

“We used to always ask why electronics and IT industry did not come to our state. Now it is changing,” Sarma stated. In a publish on X, he thanked PM Narendra Modi “for his continuous guidance in transforming our State”.

The state cupboard had in August authorized the Assam Semiconductor Manufacturing and Electronic Production Policy.

(This story has not been edited by News18 employees and is revealed from a syndicated information company feed – PTI)