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Tata Group, under Tata Electronics Private Limited (TEPL), a greenfield venture with expertise in manufacturing precision components, will set up an Outsourced Semiconductor Assembly and Test (OSAT).
CM Sarma also said that the State has already witnessed a robust industrial climate. He also said in the last couple of years under the present State government, MoU worth Rs. 10 thousand crore have been agreed upon with different business ventures.
The Assam government has also announced a policy, which will be backed by a capital investment subsidy The government of Assam has finally told the media that the state is very optimistic to have an investment of Rs 40,000 Crore to boost the semiconductor manufacturing ecosystem. In order to meet the same, the state has also formed a new semiconductor policy.
The Assam cabinet has approved productivity linked incentives for the industry. Sarma recently said, “ Advance states like Uttar Pradesh, Gujarat and Orissa have announced a policy for semiconductors. We have announced a policy where there will be a capital investment subsidy. With our new production linked incentive policy, Assam will soon attract investments to manufacture semiconductors in the State.”
Experts said the Odisha and Assam policies aligned with National Policy on Electronics 2023 and National Policy on Semiconductor Manufacturing 2023, aiming to position India as a global hub for electronics system design and manufacturing