GUWAHATI: Tata Group is planning to set up a Rs 40,000 crore semi-conductor plant in Assam.
This was informed by Assam chief minister Himanta Biswa Sarma on Friday (December 08).
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Assam chief minister Himanta Biswa Sarma said that the Tata Group has “submitted an application to set up a semiconductor processing plant in Assam with an investment of Rs 40,000 crore”.
According to the Assam chief minister, this investment by the Tata Group “will be a game-changer”.
Addressing a function in Guwahati, Assam CM Himanta Biswa Sarma said that the Tata Group has approached the Centre for the final nod after discussions with the state government, and the go-ahead is expected soon.
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The semiconductor plant of the Tata Group will be set up in Jagiroad area in Morigaon district of Assam.
“There is a very good news for us,” said Assam CM Himanta Biswa Sarma.
“If all goes well, we will see a major investment in the state which will create a positive environment for industrialisation. We are in touch with the Centre and hope that the final approval will be given in a month or two,” he said.
Notably, the Assam cabinet, earlier this year, had approved the Assam Semiconductor Manufacturing and Electronic Production Policy.