Tata’s ₹27K Cr Chip Plant in Assam by 2025
Tata’s Chip Plant: A Mega Boost for Assam
Tata Sons Chairman N Chandrasekaran said that its ₹27,000 crore local chip assembly plant in Assam will be ready by 2025. This mega project will provide 27,000 jobs. Of these, 15,000 will be direct and the remaining 12,000 indirect.
Tata Electronics has already employed 1,000 people from Assam. The company will attract other semiconductor ecosystem companies once the project gets moving. Focussed on Fast Track Development, Tata to make Assam One of India’s Semiconductor Industry Hubs.
Tata’s Chip Plant to Catalyze Assam’s Industrial Growth
Tata Electronics’ upcoming chip assembly plant in Assam would act as a booster for the state’s industrial growth. The company has already made quite a stride; 1,000 employees have been recruited from amongst the local populace.
Tata Sons Chairman N Chandrasekaran envisioned the plant turning into a hub for the semiconductor ecosystem, with a chain of suppliers and component manufacturers coming to this country. “The project will also spur the setting up of suppliers and component manufacturing units in the country,” he said. Assam Chief Minister Himanta Biswa Sarma termed the project a ‘golden day’ for the state.
He assured all help from the state administration and promised a hassle-free environment for Tata Electronics for setting up the facility. The chip plant will generate sufficient numbers of employment opportunities for the youth in Assam and, in turn, further the industrial development of the whole region.
PM Modi’s Vision Fuels Tata’s Assam Investment
Tata Sons Chairman N Chandrasekaran has credited Prime Minister Narendra Modi, Union Finance Minister Nirmala Sitharaman, and Electronics Minister Ashwini Vaishnaw for their unequivocal support towards having a chip assembly plant in Assam. But more importantly, it was the proactive attitude of the government by promising to match the investment made by Tata that clinched this deal.
Assam Chief Minister Himanta Biswa Sarma focussed on the hurdles the state has in terms of bringing private investments with its background of insurgency. On the other hand, he lauded Tata Sons Chairman N Chandrasekaran as the latter had very early supported the Indian Institute of Information Technology at Guwahati, which had set the ground for a strong partnership.
The wonderful part of it all is that the government’s collaboration with the Tata Group truly opens a gem of a public-private partnership that drives development, creating room for yet other possibilities for Assam’s citizenry.