Assam to be part of global semiconductor ecosystem in 2026: Nirmala Sitharaman reviews plant's progress

Economic Times
Economic Times
1M ago
69 views
Finance Minister Nirmala Sitharaman announced Assam's inclusion in the global semiconductor ecosystem by 2026, which is crucial for boosting industrial growth and job creation in the region.
Assam to be part of global semiconductor ecosystem in 2026: Nirmala Sitharaman reviews plant's progress
A What happened
Finance Minister Nirmala Sitharaman visited the Tata Electronics OSAT centre in Jagiroad, Assam, marking a pivotal moment in the state's ambition to become a hub for semiconductor manufacturing by 2026. This facility is part of India's broader semiconductor mission, which aims to enhance the country's technological capabilities and economic security. The project, with an investment of Rs 27,000 crore, is projected to produce 48 million semiconductor chips daily and create around 15,000 direct jobs along with 11,000-13,000 indirect jobs. Sitharaman emphasized the importance of semiconductors in modern technology and encouraged local entrepreneurs and students to engage with the emerging industrial opportunities. The initiative aligns with the government's Production Linked Incentive scheme, which has already committed substantial funds to various semiconductor projects across India.

Key insights

  • 1

    Job Creation: The project will generate around 15,000 direct jobs.

  • 2

    Investment Boost: Rs 27,000 crore investment will enhance Assam's industrial landscape.

  • 3

    Technological Advancement: The facility will produce 48 million semiconductor chips daily.

Takeaways

The establishment of the OSAT centre in Assam represents a significant step in India's semiconductor journey, promising economic growth and job opportunities while positioning the region as a key player in the global semiconductor ecosystem.

Topics

Business & Markets Economy Startups/VC

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