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Assam and Tata Group Forge Rs 25,000 Crore Semiconductor Venture

Union Minister of State for Power and Technology Rajiv Chandrasekhar on Wednesday announced that Assam will soon see its first semiconductor venture packaging plant set up by a partnership of the state government and the Tata Group, at a cost, media reported about Rs 25,000 crore.

Addressing the inaugural "Digital India Future Skills Summit" in Guwahati, the minister said the development would create employment opportunities for the youth of Assam from their area in the semiconductor industry, according to a media report agency IANS sources.

Chandrashekhar said it was under the leadership of Chief Minister Himanta Biswa Sarma that a semiconductor packaging plant had been set up between the Assam government and the Tata Group.

"It is because of the leadership of Chief Minister Himanta Biswa Sarma that a semiconductor packaging plant will be established in partnership with the Assam government and Tata Group," the MoS IT was quoted as saying by IANS.

"We will soon obtain all approvals and submit it to the cabinet for final approval. Young Indians aspiring to enter the world of semiconductors won't have to leave their state or travel to other cities anymore," he added.

MoS IT highlighted India's remarkable economic growth over the past decade, including its transformation to be part of the "Fragile 5" and now recognized as one of the "Top 5" economies in the global World some of the biggest companies in this sector are in Guwahati CL, Wipro, and IBM are among them.

Prime Minister Modi announced a three-pronged plan to influence the future of technology: 'futureDESIGN' focuses on innovation, 'futureLABS' focuses on innovation in systems, and 'futureSKILLS' aims to it will provide skills to young Indians in emerging industries.

Assam Chief Minister Himanta Biswa Sarma said yesterday that Tata Electronics Pvt. Ltd. is working to set up a plant for Rs. 40,000 crore to integrate and packaging semiconductors at Jagiroad in Assam.

The seminar facilitated strategic collaboration between the National Institute of Electronics and Information Technology (NIELIT) and leading industry players and academic institutions like Intel, HCL, Wipro, Microsoft, Kyndryl, IIM Raipur, and IITM Gwalior among others.

Conclusion: The Rs 25,000 crore semiconductor project of Assam and Tata Group heralds a new era of industrial prowess and economic prosperity. As the country embarks on this transformational journey driven by innovation, collaboration, and vision, it is paving the way for a brighter, more prosperous future for generations to come.