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Tata Group submits application to set up semiconductor processing plant in Assam; to invest Rs 40,000 crore

IndianStartupNewsIndianStartupNews · 1y
Tata Group submits application to set up semiconductor processing plant in Assam; to invest Rs 40,000 crore

Indian conglomerate Tata Group has submitted an application to set up a greenfield semiconductor processing plant in Jagiroad, Assam, with an investment of Rs 40,000 crore. The plant, led by Tata Electronics Limited, aims to strengthen India's self-reliance in semiconductor technology and focus on semiconductor assembly and packaging. The Chief Minister of Assam expressed optimism about the approval of the project, highlighting its potential to create employment opportunities and contribute to the state's industrialization. This development aligns with the government's efforts to boost domestic semiconductor manufacturing and promote initiatives like 'Make in India' and Production Linked Incentive (PLI).

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