Region

Tata’s Rs 40,000 Crore investment plan sparks semiconductor revolution in Assam

ByMOKOKCHUNG TIMES

Dec 10, 2023 #Assam, #semiconductor, #TATA

A year after Tata Sons Chairman Natarajan Chandrasekaran announced the company’s ambitious plans to enter the semiconductor business, the conglomerate has taken a significant step by submitting an application to establish an Outsourced Semiconductor Assembly and Test (OSAT) facility in Assam. This significant development, valued at Rs 40,000 crore, shows Tata Group’s commitment to reshape India’s semiconductor industry. Himanta Biswa Sarma, the Chief Minister of Assam, confirmed this groundbreaking move through a post on the social media platform X (formerly Twitter).

According to Business Today, the venture will be executed under Tata Electronics Private Limited (TEPL), a greenfield initiative renowned for manufacturing precision components.

OSAT, commonly known as assembly, testing, marking, and packaging (ATMP) units, play a pivotal role in semiconductor manufacturing by packaging and testing silicon chips before they reach the market. Randhir Thakur, appointed as the Chief Executive Officer & Managing Director of Tata Electronics Pvt. Ltd (TEPL) in April this year, is expected to spearhead this ambitious venture as per the report.

The proposed electronic center is slated to find its home in Jagiroad, strategically positioned just 55 kilometers from Guwahati, Assam’s largest city, according to organizer.org. The chosen site was once home to the Nagaon paper mill under Hindustan Paper Corporation. After the paper mill’s closure in 2021, the Assam government’s Industrial Corporation Limited took ownership, paving the way for renewed industrial development.

Chief Minister Sarma revealed that Tata Electronics Ltd initiated preliminary discussions with the state government about the semiconductor assembly and packaging plant. Satisfied with the collaborative atmosphere and the state’s commitment to fostering industrial growth, Tata Group is seeking final approval from the Centre.

“We are in touch with the Centre, and we hope that the final approval will be given in a month or two,” stated the Chief Minister, underscoring the potential for a substantial infusion of capital into the state, setting the stage for accelerated industrialization.

Tata’s commitment goes beyond financial investment. The company has communicated to the Assam government its intention to train 1000 youth from Assam, irrespective of the industry’s establishment. This proactive approach ensures a skilled workforce is ready, aligning with the manpower-driven nature of the semiconductor industry.

This development aligns with the approval of Assam Electronics (Semiconductor, etc.) Policy 2023, placing Assam in competition with states like Uttar Pradesh, Gujarat, and Orissa, all vying for semiconductor manufacturing prominence.

In the words of Chief Minister Sarma, Tata’s OSAT plant holds the potential to transform the entrepreneurship sector in the state. The Assam government is working in tandem with the government of India to expedite the proposal’s approval, with hopes of positive news within the next one to one-and-a-half months.

Commenting on this development, independent semiconductor analyst Arun Mampazhy told Business Today, “If Tata has indeed submitted Rs 40,000 crore chip packaging unit (OSAT) proposal, it will have a collateral impact. It may get tougher for smaller applicants to get approval and even if approved, to get orders. Also, Rs 12,000 crore for Micron and Rs 20,000 crore to Tata along with Design Linked Incentives (DLI), half of the Rs 76,000 crore incentive will be over. Overlay will need to be increased if the government of India is serious about having silicon fabs.”

The semiconductor industry, projected to reach $1 trillion in revenue globally by 2030, signifies a pivotal juncture for India’s technological prowess. The government’s incentives and the entry of major conglomerates like Tata signal a transformative era in India’s semiconductor journey, propelling the nation toward becoming a trusted and reliable player in the semiconductor value chain.

Mokokchung Times

By MOKOKCHUNG TIMES

Related Post

Region

Supreme Court questions ECI on Delimitation delay in Nagaland & Arunachal despite 2020 Presidential order

Nov 20, 2024 MOKOKCHUNG TIMES
Region

Rally against reimposition of AFSPA stopped in Manipur

Nov 20, 2024 MOKOKCHUNG TIMES
Region

Manipur conflict deepens: Protester killed, HM Amit Shah holds high level meeting

Nov 19, 2024 MOKOKCHUNG TIMES
552 thoughts on “Tata’s Rs 40,000 Crore investment plan sparks semiconductor revolution in Assam”

  25. It is appropriate time to make a few plans for the long
    run and it is time to be happy. I’ve read this post and if I
    may just I wish to suggest you few interesting
    issues or suggestions. Perhaps you could write subsequent articles regarding this article.
    I desire to learn more issues about it!

    Reply

  485. благополучная работа заговоры выпивать с
    покойником во сне, покойник предлагает выпить натальная
    карта астропроцессор, астропроцессор
    онлайн
    во сне купил машину исламский сонник, белая машина во сне мусульманский сонник к чему
    снится прибой волны, убегать от волны
    во сне

    Reply

  487. характер девы по знаку зодиака к чему снится высота по миллеру,
    высота исламский сонник если
    присниться крыса и мыши
    к чему снятся табуретки книги по нумерологии
    александрова читать

    Reply

  490. чи може дружина навести порчу на коханку чоловік за знаком зодіаку дізнайся який ти чоловік
    зороастрійський гороскоп сорока,
    гепард зороастрійський гороскоп, гепард зороастрійський гороскоп як зняти порчу за
    допомогою сіллю

    Reply

  491. к чему снится разрушающееся здание к чему снится белая
    машина кабриолет транзитный сатурн по
    1 дому у женщины
    к чему снится признание в любви по переписке, взаимное признание в любви во
    сне мусульманская молитва на английском

    Reply

  496. казахский и киргизский языки,
    от кого произошли киргизы нұрмұхаммед жақып ана жүрегі текст,
    нұрмұхаммед жақып анашым скачать
    мемлекет қалай пайда болды, мемлекет пайда болғанға дейінгі адамзаттың даму кезеңдері самая дорогая водка
    в казахстане, самая дорогая водка в мире

    Reply

  515. рационал сандар қмж, рационал сандар бөлу ашық сабақ мезолит дәуірі тұрақтары, мезолит дәуірінің ерекшеліктері кестесін
    толтырыңдар марко поло аутлет, марко поло алматы мега 8 сынып кітап биология, биология 8 сынып кітап скачать

    Reply

  516. қызыл май құлаққа, қызыл май емі стиральная машина
    миля, shop miele kz кино бизнесмен, бизнесмен 10 серия смотреть онлайн скачать
    музыку flac торрентом, скачать музыку в формате flac без торрента

    Reply

  518. 1 мамыр тақпақтар, бірлік татулық
    туралы өлең жолдары 120 бап қылмыстық кодекс, 122 бап қылмыстық кодекс жастар рухы
    сайт, нур отан аманат сайт олжа групп,
    ао олжа вакансии

    Reply

  521. гадание на картах игральных на будущее
    в домашних условиях бесплатный гороскоп для раков на июль молитвы о детях цитаты
    сочетание таро 4 жезлов таро значение в отношениях сонник снится что я невеста к чему

    Reply

  524. I blog frequently and I really appreciate your information. Your
    article has truly peaked my interest. I will bookmark your website and keep checking for new details
    about once per week. I opted in for your RSS feed as well.

    Reply

  527. мұзды өлке 2 қазақша толық нұсқа
    көру, мұзды өлке 1 бөлім толық нұсқа түсінде шыбын
    көру, түс жору ванга конкурсы алматы 2022, бесплатные конкурсы в казахстане 2022 кең таралуға ие бастама, нұрсұлтан назарбаевтың барша түркі халықтарының басын біріктіріп

    Reply

  530. к чему снится найденные деньги на земле валькирия
    это славянский оберег ссориться во сне с умершим мужем
    король мечей таро значение в отношениях и любви мужчина
    молитва всецарица пантанасса молитва
    об исцелении от рака

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

News You Might Have Missed

Nagaland

UNC seeks NPF support for rollback of Manipur’s new districts

November 22, 2024 MOKOKCHUNG TIMES
Mokokchung

Ao Senden slams PWD over ‘mud’ repairs on NH 61 V.K. Town-Doyang stretch 

November 22, 2024 MOKOKCHUNG TIMES
Mokokchung

Agreement reached on DYRS office Mokokchung issue, landowners call off protest

November 22, 2024 MOKOKCHUNG TIMES
Nagaland

DoSE issues final call for employee verification under NECTAR Project

November 22, 2024 MOKOKCHUNG TIMES