Tata Group Proposes Semiconductor Plant in Assam: Application Submitted, Confirms Chief Minister.

Tata Group’s Ambitious Move: Rs. 40,000 Crore Investment for Semiconductor Plant in Assam, Reveals CM Himanta Biswa Sarma.

In a significant development, Tata Group has officially submitted an application for the establishment of a semiconductor processing plant in Assam, pledging a staggering investment of Rs. 40,000 crore. Assam Chief Minister Himanta Biswa Sarma shared this news on Friday, expressing his enthusiasm for the transformative potential of this venture.

He conveyed his gratitude to Prime Minister Narendra Modi for his ongoing guidance in facilitating positive changes within the state. The Chief Minister’s announcement came via a post on X.

Earlier in the day, Chief Minister Sarma inaugurated a portal to initiate the application submission process for Mukhya Mantri Atmanirbhar Asom at an event held at Lok Sewa Bhawan in Guwahati. Addressing the gathering, he emphasized the initiative’s aim to foster self-employment opportunities and empower the youth of Assam. The Chief Minister’s Atmanirbhar Assam Abhiyan, launched on September 23, stands as a testament to the state’s commitment to creating a self-reliant and prosperous future for its residents.

He said that under the Abhiyan, steps will be taken to empower two lakh youth for entrepreneurial ventures. The beneficiaries under the scheme are entitled to receive Rs 2 lakhs in two instalments as a combination of government grants plus interest-free government loans to establish micro-enterprises or service units.

The Chief Minister said that the scheme plans to target two lakh eligible beneficiaries over the next two years. He said that each of the two lakh youth will be given Rs. 2 lakh. Out of this, Rs 1 lakh will be given as a government subsidy and the remaining Rs. 1 lakh will have to be returned after the completion of five years of their business without any interest.

CM Sarma said that the scheme was launched to empower the youth financially and make them eligible for other loans from the central government. He said that the web portal created for the scheme has so far witnessed the registration of 2,29,145 beneficiaries.

He also said that 1591 youth having professional degrees will be entitled to a loan amounting to Rs. 5 lakh under the scheme, of which 50 per cent will be government subsidy and the remaining 50 per cent will be an interest-free loan.