India May Become Giant Power in Semiconductor Industry, Tata Group Planning to Set Up Semiconductor Plant in Assam

Tata Group, which is involved in business ranging from automobile to software, has applied to set up a semiconductor processing plant in Assam. An investment of Rs 40,000 crore will be made in this project. In the last few years, companies in some sectors like automobile have faced difficulties due to semiconductor shortage.

Assam Chief Minister Himanta Biswa Sarma said, “Tata Group has applied to set up a semiconductor processing plant in the state with an investment of Rs 40,000 crore. This will bring a big change. Thank you for Prime Minister Narendra Modi’s continuous guidance in improving our state.” I am grateful to him.” He said that Chief Minister Self-reliant Assam campaign has been started to increase self-employment opportunities and make the youth self-reliant. Under this, two lakh youth will be empowered to become entrepreneurs. in the country Semiconductor The central government has also announced incentives for manufacturing. American company Micron Technology also plans to start manufacturing of semiconductors in the country.

Micron Technology is preparing to set up an advanced semiconductor assembly plant in Sanand, Gujarat. Tata Projects will construct this plant. This plant will be in 93 acres. Recently, Prime Minister Modi had announced to provide 50 percent financial assistance from the Central Government to those setting up semiconductor manufacturing units in the country. Modi had said that his government has provided many facilities for the semiconductor industry. He said that there will be strong growth of semiconductor industry in the country. An ecosystem is being created for the semiconductor industry. He had told that 300 colleges have been identified to start courses on semiconductor design. Modi said that behind every industrial revolution in the world are the ambitions of the people and he believes that the reason for the fourth industrial revolution will be India’s ambitions.

Reliance Industries also plans to enter semiconductor manufacturing. For this, Reliance Industries is in talks with foreign chipmakers regarding technology partnership. However, the company has not decided whether it wants to invest in this sector or not. Reliance can get ease in its telecom and electronic devices business by doing semiconductor manufacturing.