Semiconductor Facility in Assam
Union Finance Minister Nirmala Sitharaman highlighted the significance of Assam's new semiconductor facility at Jagiroad, describing it as a “turning point” for the Northeast and a model for innovation-led development.
Key Highlights
- The facility is seen as a crucial development for Assam and the entire Northeast region, showcasing the capability for innovation in unconventional areas.
- Sitharaman emphasized the importance of favorable facilitation in bringing investments to new regions.
- The upcoming Tata Electronics’ Outsourced Semiconductor Assembly and Test (OSAT) facility at Jagiroad is considered a landmark in India’s effort towards technological self-reliance.
Strategic Importance
- The project aligns with India’s broader goal of creating a self-sufficient semiconductor ecosystem.
- It is part of a government-backed initiative to enhance India’s semiconductor production capabilities.
- The facility is attracting global talent, indicating trust and confidence in both Tata and Assam.
Support for Research and Development
- Prime Minister Narendra Modi has launched a ₹1 lakh crore fund for research and development, targeting both government institutions and private startups.
- This fund supports the entire innovation process, from seed funding to commercialization.
Call to Action
- Sitharaman encouraged the youth of Assam to engage with IIT Guwahati, explore ideas, and utilize the available infrastructure and ecosystem to transform them into enterprises.
