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Assam govt, Tata Group inks land lease pact for semiconductor unit

Wednesday, 17 Jul 2024
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Assam Government has inked agreement with the Tata Group to lease over 170 acres of land to the company. The lease agreement has been signed for 60 years. 

The facility will come up at the site of defunct Hindustan Paper Corporation. Tata Semiconductor Assembly and Test (TSAT) will set up a semiconductor unit in Morigaon, Assam. This unit will be set up with an investment of Rs.27,000 crore. 

Based on the government's discussion with the Group, it has been agreed to create a Skill Development Centre which will be co-located within the premises of the semiconductor facility in Jagiroad. This centre will empower youths from Northeast by offering courses in Artificial Intelligence, semiconductors and electronics and will help to place them in leadership positions once the semiconductor facility becomes operational in 2025.

 

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