PM Modi lays foundation for semiconductor plant in Assam

Guwahati: Prime Minister Narendra Modi has laid the foundation for the semiconductor plant in Morigaon, Assam.

The Prime Minister also laid the foundation for two more semiconductor plants to come up in Gujarat.

Here it should be mentioned that  Tata Group is spearheading the establishment of two out of these three plants.

Addressing the occasion, the Prime Minister said that today’s historic occasion is a significant step towards a bright future for India as foundation stones are laid for three major Semiconductor manufacturing projects worth about Rs 1.25 lakh crores in Dholera and Sadanand in Gujarat and Moregaon in Assam.

“Today’s projects will play a key role in making India a semiconductor hub”, PM Modi said, as he congratulated the citizens for the key initiatives. He noted the virtual presence of semiconductor industry players from Taiwan and expressed excitement for today’s occasion.

The Prime Minister said that semiconductor research will benefit the youth the most. Touching upon the expanse of semiconductors over a vast range of industries, the Prime Minister said,  “Semiconductor is not just an industry but it opens a door filled with boundless potential.”

PM Modi also pointed out the huge presence of Indian talent in global chip design and manufacturing. Therefore, the Prime Minister said, the talent ecosystem of India is completed as the nation moves forward today in the semiconductor manufacturing sector. He stated that the youth of today are well aware of the opportunities being created for them, be it space or mapping sector and mentioned opening up these sectors for the youth. He credited the unprecedented incentives and encouragement for India becoming the third largest startup ecosystem in the world and said that today’s occasion would create new opportunities for startups in the semiconductor space. He expressed confidence that the projects of today would provide numerous advanced technology jobs for the youth.

The Outsourced Semiconductor Assembly and Test (OSAT) facility in Morigaon, Assam will be set up by Tata Electronics Private Limited (TEPL) under the Modified Scheme for Semiconductor Assembly, Testing, Marking and Packaging (ATMP), and with a total investment of about Rs 27,000 crore.