Rs 27,000 crore semi conductor unit in Assam to supply Tesla
The union cabinet chaired by Prime Minister Narendra Modi on Thursday approved the establishment of a semiconductor unit in Assam’s Morigaon district that will provide advanced semiconductor requirements to the world, including Elon Musk-led electric vehicle maker, Tesla.
The Assam unit, which is the biggest private investment in the state so far, will be set up by Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) at an estimated cost of Rs 27,000 crore.
After the government cleared the proposal, Assam CM Himanta Biswa Sarma thanked Prime Minister Narendra Modi saying that the people of Assam will remain grateful to him for giving the state a Rs 27,000 crore semi-conductor plant.
“People of Assam will remain eternally grateful to Prime Minister Narendra Modi for giving the State a Rs 27,000 crore Semi-Conductor Plant. This is Assam’s largest-ever private investment and a game changer for the economy of the entire North East.”
“I am extremely thankful to Union Minister Ashwini Vaishnaw for working behind the scenes for the last one year to ensure Assam secures this investment. This plant by the Tata Group will trigger a new Industry 4.0 revolution in the State… We are deeply thankful to Minister Rajeev Chandrasekhar and the entire team at Ministry of Electronics & IT for navigating all the guardrails and enabling this project to reach fruition. Today’s decision is truly historic and will unleash infinite opportunities for our people.”
People of Assam will remain eternally grateful to Hon’ble Prime Minister Shri @narendramodi Ji for giving the State a ₹27,000 cr Semi Conductor Plant.
— Himanta Biswa Sarma (@himantabiswa) February 29, 2024
This is Assam’s largest ever private investment and a game changer for the economy of the entire North East.
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“Last time when Ratan Tata was in Dibrugarh to opening the cancer care he said that for rest of his life he wants to work for development of Assam. I will personally go to Mumbai and meet Tata and express our gratitude,” Sarma said.
He said that the unit will provide 15,000 direct employment and at 11,000 to 16,000 indirect jobs. “Our tech guys working in places like Bangalore and Hyderabad can now come back home and work in Assam,” he added.
“This is an important milestone for Assam’s development. In my entire career I have never heard of such a huge positive development. With this, other investors will follow,” Sarma said.
The union cabinet also approved the establishment of two other semiconductor units in Gujarat. All the three units will be set up under ‘Development of Semiconductors and Display Manufacturing Ecosystems in India” and will start construction within next 100 days.
