Tata Group is planning to set up a semiconductor processing plant in Assam at an investment of about Rs 40,000 crore, Chief Minister Himanta Biswa Sarma announced it. The plant will be setup at Jagiroad, in Morigaon district, which is about 55 km from the state’s largest city Guwahati.
The plant will be a major boost for India’s chip-making ambitions. Led by Tata Electronics Limited, this ambitious project signifies a significant step towards India’s self-reliance in semiconductor production, crucial for the nation’s electronic manufacturing aspirations.
Following the Assam government’s approval of the Assam Semiconductor Manufacturing and Electronic Production Policy in August, Tata Group has formally submitted an application to establish a semiconductor plant within the state.
This strategic investment in a plant dedicated to the essential processes of semiconductor assembly and packaging will be a game-changer for India’s domestic supply chain. It promises to create substantial job opportunities in Assam and nearby north eastern states and attract further investments, leading to both economic growth for the state and a major boost for India’s ambitions in the semiconductor industry and vision for stronger north eastern region.
Based on an analysis conducted by the Strategic Investment Research Unit (SIRU), the Indian semiconductor market is currently valued at USD 23.2 billion and is anticipated to experience a robust compounded annual growth rate (CAGR) of 17.10%, reaching a projected value of USD 80.3 billion by the year 2028.