Question 1380

Which company has signed an agreement with the Assam Government to lease over 170 acres of land for a Rs 27,000-crore semiconductor plant in Jagiroad, Morigaon district?

Answer

Tata Group

Why?

The correct answer is Tata Group. In News The Assam Government has signed an agreement with Tata Group to lease over 170 acres of land for 60 years at Jagiroad in Morigaon district for the construction of a Rs 27,000-crore semiconductor plant. Key Points The facility, built on the site of the former Hindustan Paper Corporation Limited, is expected to create over 30,000 jobs, with the first phase operational by mid-2025. The plant will package around 15 billion chips annually for customers globally and focus on advanced packaging technologies. Additional Information Static Information Tata Electronics is also setting up India's first commercial fabrication plant in Gujarat in partnership with Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC).