The Assam government has signed a significant agreement with the Tata Group to lease over 170 acres of land in Jagiroad, Morigaon district, for a Rs 27,000-crore semiconductor plant. This landmark deal is expected to bring substantial industrial development and employment opportunities to the region.
The 60-year lease agreement was finalised at the sub-registrar’s office, with Tata Group Board member Ranjan Bandopadhyay and Assam Industrial Development Corporation’s (AIDC) manager and project in-charge, Dhiraj Pegu, signing the documents. District Commissioner Devasish Sharma, along with Tata Group officials Kaninika Thakur, Ashish Mishra, and Avinash Dhabade, were present at the ceremony, marking a momentous day for Assam.
Speaking to reporters, Sharma highlighted the significance of the agreement, stating it was a crucial step forward for the state’s industrial growth. The semiconductor plant, to be constructed on the site of the former Hindustan Paper Corporation Limited, is anticipated to create over 30,000 jobs. The project’s first phase is scheduled to be operational by mid-2025, providing a timeline for the substantial benefits expected from this development.
The land transfer has been completed, and the Tata Group is set to commence work on the project soon. Prime Minister Narendra Modi had virtually laid the foundation for the plant on March 13, underscoring the national importance of this initiative.
The new semiconductor facility will focus on three key platform technologies: wire bond, flip chip, and integrated systems packaging (ISP). Additionally, the plant will include plans for advanced packaging technologies, positioning it at the forefront of technological innovation in the semiconductor industry.
This project represents a major boost for Assam’s economy, bringing advanced technology and significant employment opportunities to the region. The collaboration between the Assam government and the Tata Group underscores the potential for public-private partnerships to drive economic growth and development in India.
As the project progresses, it is expected to transform the industrial landscape of Assam, making it a key player in the semiconductor manufacturing sector. The state’s commitment to industrial development, combined with Tata Group’s expertise, promises a bright future for Assam’s economy and its people.
