
Assam CM Himanta Biswa Sarma showcases state's electronics potential at national investors' meet in Delhi
NEW DELHI: Assam chief minister
on Monday projected Assam as India's next big growth hub at the inaugural session of the Assam Electronics Round Table 2025 in New Delhi on Monday. He invited global and national electronics investors to capitalise on the State's robust infrastructure, strategic location, and favourable policies.
Tired of too many ads? go ad free now
The CM said that compared to Semiconductor Fabrication Facility (Fab) in Gujarat, the OSAT in Jagiroad, Assam is way ahead as 'it is in advanced stage with production of 48 million chips daily expected this year'.
Sarma also met union civil aviation minister, Kinjarapu Rammohan Naidu and discussed expanding air connectivity and infrastructure in the Northeast Region. The union minister assured Sarma that work for Silchar's greenfield airport will begin this year and the crucial Rupsi airport will also be expanded.
"Assam is central to the Northeast Region and to India's Act East Policy, given its proximity to Bhutan and Bangladesh,' Sarma said, underlining the State's growing economic clout and highlighting its consistent 13–15% GSDP growth over the past decade, excluding the pandemic years.
The CM said that compared to Semiconductor Fabrication Facility (Fab) in Gujarat, the OSAT in Jagiroad, Assam is way ahead as 'it is in advanced stage with production of 48 million chips daily expected this year'.
'Unlike the Fab in Gujarat, our OSAT is already in advanced stages,' Sarma stated, adding that the Chief Secretary visits the site every 15 days to monitor progress.
The State has already attracted Rs 5.30 lakh crore worth of investment proposals during Investors' Summit 2.0, with Rs 1.5 lakh crore grounded so far. Sarma announced upcoming projects including three satellite townships and 11 five-star hotels, along with a new terminal at Guwahati airport.
Tired of too many ads? go ad free now
To support the electronics ecosystem, the State is training youth in Bengaluru and through institutions like NIELIT and Assam Skill University, funded by ADB with Rs 1,000 crore.
Generous incentives were also announced — 100% land allotment free of cost, GST reimbursements, and up to 200% incentive support under the Assam Electronics Policy, Industrial Policy, and Centre's UNNATI scheme.
Calling Assam a gateway to the ASEAN market, Sarma said, 'We are embarking on a strategic journey to become a preferred destination for cutting-edge electronics and semiconductor manufacturing.'
The event saw participation from key industry players including Tata Electronics, Jabil, VVDN, CP Plus, and NXP.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
22 minutes ago
- Time of India
Rs 2000 notes worth Rs 6,181 crore still in circulation after two years of withdrawal, says RBI
NEW DELHI: The 2000-rupee notes worth Rs 6,181 crore still remain in circulation after two years of withdrawal, official Reserve Bank of India data released on Monday said. "Thus, 98.26% of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned," the central bank said. The Reserve Bank of India RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation on May 19, 2023. Since then, their presence in the economy has seen a sharp decline—from Rs 3.56 lakh crore in circulation on the day of the announcement to just Rs 6,181 crore as of May 31, 2025, according to the RBI. However, they continue to be a legal tender. The option to deposit or exchange Rs 2000 banknotes at bank branches was available until October 7, 2023. After that date, the facility remains accessible exclusively at the Reserve Bank's 19 issue offices. Starting October 9, 2023, RBI issue offices have been accepting Rs 2000 banknotes from individuals and entities for direct deposit into their bank accounts. Additionally, people can mail Rs 2000 notes from any post office across India to an RBI issue office for the amount to be credited to their accounts. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Fashion Value Chain
23 minutes ago
- Fashion Value Chain
BHARAT 2030: Tier-II & III Cities Will Shape India's Rs. 10 Lakh Crore Real Estate Future
As India's real estate growth enters a new phase, a silent but significant transformation is underway that is shifting the centre of gravity away from the countrys traditional metros. In his latest strategic report titled 'BHARAT 2030: The Silent Surge of Tier-II and Tier-III Cities', Ashwinder R. Singh-Chairman of the CII Real Estate Committee (North), Vice Chairman of BCD Group, and Advisor to NAR India- maps the future trajectory of growth and inclusion in Indian real estate. Ashwinder R. Singh As per the report, the new wave of expansion is not driven by temporary demand overflow, but by long-term structural shifts in aspirations, affordability, and accessibility. Tier II cities like Raipur, Salem, Belagavi, Hosur, Jabalpur, Aurangabad, Tirunelveli, Siliguri, Baddi, Udaipur, and Warangal are emerging as the real engines of India's next growth story. Tier III cities like Ayodhya, Dharwad, Sangli, Haldwani, Ajmer, Barshi, Kharagpur, Nanded, Agartala, and Kollam have historically remained under the radar but are now stepping into the spotlight, building the next Rs. 10 lakh crore of India's real estate economy. Ashwinder R. Singh – Chairman of the CII Real Estate Committee (North), Vice Chairman of BCD Group, and Advisor to NAR India, states, 'For decades, India's real estate narrative revolved around the top 7-8 metro cities. But that story is being rewritten. What we're witnessing is not just spillover from saturated metros; it's a fundamental reshaping of the growth landscape. Cities once considered peripheral are now emerging as vibrant hubs for housing, employment, infrastructure, and investment.' The report identifies this shift not as a cyclical deviation from the dominance of metros like Delhi, Mumbai, or Bengaluru, but as a deeper reordering of India's urban development model. It pinpoints the specific growth corridors that exemplify this transformation. Bhubaneswar is leading the way with walkable neighbourhoods rooted in smart city design and cultural context. Jabalpur and Gwalior are witnessing township-led growth spurred by improved highway networks and air connectivity. Cities like Salem and Tirunelveli are becoming health-tech magnets, following the lead of Coimbatore. In central India, warehousing hubs are emerging in Raipur, Siliguri, and Belagavi, driven by their strategic locations and enhanced connectivity. Industrial corridors in Hosur, Aurangabad, and Pithampur are evolving into EV manufacturing zones, generating demand for both workforce and executive housing. Even the knowledge suburbs of Chandigarh, such as Baddi, Barotiwala, and Derabassi, are transforming from industrial satellites into integrated living ecosystems. Meanwhile, cities like Lucknow and Ayodhya are undergoing a renaissance, fuelled by government investment, institutional development, and spiritual tourism. One of the most powerful insights from Singh's report is that infrastructure in these cities is leading development. Infrastructure in Tier-II and Tier-III cities is becoming the new imperative for Indian real estate, with expressways, regional airports, railways, and metro lines laying the groundwork for expansion. Corporates are entering early, drawn by cost advantages and access to local talent. Land remains both affordable and available, enabling large-scale, community-led developments. Rising household incomes, improved education, and digital reach are driving aspirations upward. Besides, local governments are offering faster approvals and policy support, making these cities more investor-friendly. The growing trend of reverse migration is further accelerating this shift, as people return home in search of a better quality of life. In terms of strategy, the report encourages developers to enter early, focusing on plotted developments, affordable housing, and township models, while partnering with local players and ensuring timely delivery to build trust and value. Investors need to look beyond the herd, identifying locations where infrastructure aligns with policy intent, signalled by upcoming highways, GCCs, rail links, and institutional projects. Policymakers must treat these cities as testing grounds for reform, enabling faster digital approvals, promoting sustainable urban mobility, and incentivising ESG-led development for long-term impact. India@2030 will not be defined solely by the skylines of Delhi, Mumbai, or Bengaluru. It will take shape in the quieter, determined rise of Tier II and III cities. This transformation is about more than just economic growth; it's about achieving balance, enabling inclusion, and unlocking opportunity across geographies. About the Author Ashwinder R. Singh is Chairman – of the CII Real Estate Committee (North), Vice Chairman & CEO – BCD Group, and Advisor – NAR India. He has authored three leading industry books, regularly delivers keynotes at top real estate forums, and is widely regarded as one of India's strongest advocates for channel partners and broker networks.
&w=3840&q=100)

Business Standard
23 minutes ago
- Business Standard
16 Naxalites surrender in Chhattisgarh, Kerlapenda becomes Maoist-free
With this surrender, the village has become Naxalite-free, making it eligible for development projects of ₹1 crore as per a new scheme of the state government Press Trust of India Sukma Sixteen Naxalites, including six carrying a collective cash reward of ₹25 lakh, surrendered in Chhattisgarh's Sukma district on Monday, police said. Of them, nine cadres belonged to Kerlapenda village panchayat under Chintalanar police station limits. With this surrender, the village has become Naxalite-free, making it eligible for development projects of ₹1 crore as per a new scheme of the state government, an official said. All 16 cadres, including a woman, turned themselves in before senior police and CRPF officials, here citing disappointment with the "hollow" and "inhuman" Maoist ideology and atrocities by ultras on local tribals, Sukma Superintendent of Police Kiran Chavan said. The cadres were also impressed by the Chhattisgarh government's 'Niyad Nellanar' (your good village) scheme, aimed at facilitating development works in remote villages, and the state's new surrender and rehabilitation policy, he said. Among those who surrendered, Rita alias Dodi Sukki (36), a woman who was active as member of the central regional committee (CRC) company number 2 of Maoists, and Rahul Punem (18), a party member within PLGA battalion no. 1 of Maoists, carried a reward of Rs 8 lakh each, he said. Besides, Lekam Lakhma (28) carried a bounty of ₹3 lakh, while three more cadres carried a reward of Rs 2 lakh each, the official said. Out of the surrendered cadres, nine belonged to the Kerlapenda village panchayat. With their surrender, the place has become Naxal-free, the official said. As per the Elvad Panchayat Yojna of the state government, the village will be provided an incentive of Rs 1 crore for development works, he said. The scheme has been introduced under the new Chhattisgarh Naxal Surrender/Victim Relief and Rehabilitation Policy-2025. It provides for a sanction of development works of Rs 1 crore for those village panchayats which facilitate in the surrender of Naxalites active in their area and to pass a resolution declaring them as Maoist-free. This is the second such village panchayat in the district to get rid of the Naxal menace after the state government recently introduced the scheme. In April, Badesatti was declared Naxal-free after all 11 lower-rung Naxalites from there surrendered before police. All the Naxalites who surrendered were provided an assistance of Rs 50,000 each, and will be further rehabilitated as per the government's policy, the SP said. Last year, 792 Naxalites surrendered in the state's Bastar region, which comprises seven districts including Sukma. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)