TATA GROUP INVESTS A WHOOPING AMOUNT OF RS 27K CRORE IN ASSAM…. HERE’S WHY….

Assam is set to witness a technological transformation with the approval of a ₹27,000 crore investment by Tata Semiconductor Assembly and Test Pvt. Ltd. The Union Cabinet, chaired by Prime Minister Narendra Modi, has greenlit the establishment of this semiconductor plant at Jagiroad in the Morigaon district. This project marks the largest private investment in Assam and is expected to significantly boost the region’s economy and technological capabilities.

The semiconductor plant will be constructed on the site of the former Nagaon Paper Mill, which the Assam government acquired in a public auction. The facility is designed to produce 48 million microchips daily, catering to various sectors including automotive, consumer electronics, and telecommunications. Notably, Tesla is one of the major companies expected to source semiconductors from this plant.

This development is part of India’s broader strategy to become self-reliant in semiconductor manufacturing, reducing dependency on imports. The project is anticipated to create numerous direct and indirect job opportunities, fostering economic growth in the Northeast. Chief Minister Himanta Biswa Sarma and other officials have expressed gratitude to the central government and Tata Group, highlighting the transformative potential of this investment for Assam’s future