Union Minister of State for Electronics and IT Rajeev Chandrasekhar stated that Assam is on the verge of receiving a USD 3 billion semiconductor packaging facility. This marks a significant step forward for the state's electronics sector and is anticipated to generate thousands of new jobs. Chandrasekhar also mentioned that a proposal for a semiconductor plant with the Tata Group will be approved soon.

Establishing a semiconductor packaging facility in Assam is a significant gain for the state's economy. The electronics industry is one of the fastest expanding in India, and Assam is well-positioned to benefit from this growth. The new facility will draw in investments and create jobs, which will improve the state's economy.

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The Assam government has been working to draw in investments in the electronics industry in recent years. The government has established some initiatives, including the Industrial and Investment Policy of Assam 2023, to draw in businesses. This recent development is a significant victory for the government's efforts.

The Indian government has been actively promoting the development of the domestic semiconductor industry in recent years. This initiative is crucial for reducing the country's reliance on imported chips and boosting its manufacturing sector. Assam, with its abundant resources and skilled workforce, is well-positioned to play a key role in this endeavor. To learn more about the upcoming projects, check out our database.

Industrial and Investment Policy of Assam

The Industrial and Investment Policy of Assam 2023 (Amended) is a comprehensive policy implemented by the Assam government to attract investments and promote industrial development in the state. Announced in January 2023, it builds upon the 2019 policy with key amendments.

The amendment introduced in 2023 specifically offers additional incentives for units manufacturing electronic components, including semiconductors. This includes relaxation in land allotment and other procedures, making it more attractive for the semiconductor packaging unit.

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