Rs 270 billion Tata semiconductor plant to start production in 2025

09 Aug 2024 CW Team

Tata Electronics has commenced construction of its Rs 270 billion semiconductor assembly plant in Assam, with plans to launch operations in 2025 and generate 27,000 jobs initially. The plant will produce 48.3 million chips per day using technologies developed in India. The foundation stone for the facility was laid at Jagiroad in Morigaon district, with Assam Chief Minister Himanta Biswa Sarma and Tata Sons Chairman N. Chandrasekaran in attendance. Chandrasekaran highlighted that the plant has already employed 1,000 people from Assam and anticipates creating 27,000 jobs?15,000 direct and 12,000 indirect?as the facility expands. ?We are committed to accelerating the construction process and aim to complete the facility by 2025,? he stated. Approved by the Union Cabinet on February 29, 2024, the project began within five months of this approval. Union Electronics and IT Minister Ashwini Vaishnaw noted that the plant will use three major technologies developed in India and will manufacture chips for various applications, including vehicles and communication infrastructure. Vaishnaw emphasised the plant's role in the India Semiconductor Mission, which includes developing 85,000 skilled professionals. Nine institutes in the northeast, including several NITs and universities, are involved in training for the semiconductor sector. Chief Minister Sarma termed the day a ?golden day? for Assam, expressing gratitude to the central government and Tata for their commitment. He assured that the state would support the project, which he believes will boost industrial development and job creation. In addition to the Assam plant, Tata Electronics is establishing India?s first wafer fabrication unit in Dholera, Gujarat, with an investment of Rs 910 billion. This facility is expected to produce 50,000 wafers per month, with its first chip projected to be completed by December 2026. (ET)

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..