Latest news with #AssamElectronicsRoundTable2025
Time of India
26-05-2025
- Business
- Time of India
Assam Electronics Round Table 2025: Assam CM appeals investors to come and invest in electronics sector
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Assam chief minister Himanta Biswa Sarma said that Assam is central to the Northeast Region and is strategically located surrounded by Bhutan and Bangladesh. The State is also central to India's Act East statement was made by Sarma on Monday at the inaugural session of the ' Assam Electronics Round Table 2025: Focused strategy, ready infrastructure, invest in Assam' in the national said that Assam's economy is robust and vibrant, and that the GDP is growing continuously in the region of 13-15 percent in the last 10 years, barring the Covid said Guwahati and other parts of the State have the right infrastructure in place coupled with congenial atmosphere and skilled manpower for the electronics industry to invest in the Chief Minister said the State attracted Rs.5.30 lakh crore proposals during Investors' Summit 2.0 and more proposals are coming post Summit. "There have been lot of interests since Investors' Summit 2.0 and we are getting more proposals following the Summit," he pointed out that 11 five star hotels will come up in the State with the Assam Cabinet clearing the proposals and a state-of-the-art terminal will be opened at the Lokapriya Gopinath Bordoloi International Airport in Guwahati. The Chief Minister said that three satellite townships will come up, including the Jagiroad Integrated Satellite Township near the Tata Greenfield OSAT Chief Minister 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'. "There is no problem in implementation; all issues have been resolved with the Chief Secretary making regular visits to the OSAT plant after every 15 days to oversee the progress," he said as the electronics sector will require skilled manpower, the State is sending youths to Bengaluru for necessary training and also create a pool of skilled manpower through the National Institute of Electronics and Information Technology (NIELIT) campus and Assam Skill University funded by the Asian Development Bank for Rs.1,000 Chief Minister said apart from land free of cost, 60% percent incentive amount over and above extended by the Government of India, and a 100 per cent GST reimbursements to industries on the sale of their finished products, those willing to set up industries will get a slew of incentives under the Central, Assam Electronics Policies, Assam State Industrial Policy, and UNNATI Policy of Government of India. He assured that the State Government will customise its policy and modify and also tweak it, if required, to suit the needs of a specific industry."Besides industrial infrastructure, social infrastructure would also come up near the Tata's OSAT facility," Sarma said. The Chief Minister said Rs, 25,000 crore have been kept aside for Production Linked Incentives (PLIs) and under Top-up the investors to come to Assam and visit the OSAT facility in Jagiroad, the Chief Minister said that the Government would offer a host of incentives to them to set up electronic units in the Minister for Industries, Commerce and Public Enterprises, Bimal Borah said Assam is equipped with the policies to receive investors with open arms and appealed to them to come and invest in the electronics and other sectors to reap the Secretary, Ravi Kota gave an overview of the Assam Electronics Components Manufacturing Policy and Top up Scheme 2025. He said the Government has offered 200 percent plus incentives to investors under various schemes and policies; 100 percent land free of cost and skilled said Rs.1.5 lakh crore out of the Rs.5.30 lakh crore worth investment proposals submitted during the Investors' Summit 2.0 has been grounded while the rest are being and Secretary, Department of Housing and Urban Affairs, Govt of Assam, Kavitha Padmanabhan gave a detailed presentation on the upcoming Jagiroad Integrated Satellite Township near the Tata OSAT facility spread over a sprawling 416 acres. Padmanabhan said the township with all amenities, including entertainment zone, sports facility and golf course, will house 1,80,000 to 2,00,000 population with expansion plan estimated to cost Rs.4,000 Secretary, Ministry of Electronics and Information Technology (MeitY), Sushil Pal gave an overview of electronics component manufacturing scheme while Vice President, Invest India, Vinod Subramanian conducted the open house discussion with industry leaders and Lingam from Tata Electronics gave a presentation on upcoming Tata Semiconductor Assembly and Test Facility in like Jabil, Deki Electronics Ltd., CP Plus, Kaynes Group, NXP, VVDN, Bergen Associates Boats, Ramakrishna Electronic Components, SAEL, Elcina and others participated in the on Monday reviewed the progress of Barduar satellite township in the national a meeting with senior officials of Guwahati Metropolitan Development Authority (GMDA) and Department of Housing and Urban Affairs (DoHUA) at Assam House conference directed the officials to step up the construction work for the upcoming satellite township at Palasbari in Kamrup township spread over 1500 acre will have economic zones for deep tech research, startups and innovation, commercial, residential and social functions, integrated greenway and blueway infrastructure, riverfront rejuvenation and safe and convenient public transport network. Altogether this township will have 150 acre of economic zones and 20 percent of open space and green Chief Minister also reviewed the Jagiroad Integrated Satellite Township to come up near Tata's semiconductor plant at Jagiroad in Morigaon township to be funded by the Asian Development Bank for Rs.1,000 crore will have all facilities, including housing for employees, hospitals, schools, women hostels, MICE, golf course, vendor logistic park, integrated greenway and blueway infrastructure, public transport network and ease of doing business with plug and play infrastructure. The satellite township will have 40 percent for industrial space and 20 percent of open space and green will spread over an area of 461 acre under Phase O with further expansion of 2000 acre costing Rs.4,000 the status of progress of the new Central Business District in Guwahati City also came up for review. "The project spread over 150 acre intends to develop inclusive, climate resilient, and sustainable urban infrastructure," an official of GMDA said, adding, "Once the satellite townships are constructed, it will ease the burden from Guwahati City under severe strain due to burgeoning population."The Central Business District encompasses a mix of commercial, social, office, cultural and residential functions, high end residential development, vibrant public and recreational space, public transport network, integrated greenway and blueway infrastructure, ease of doing business with plug and play facility. More than 10 million square feet will be earmarked for commercial space with 60 percent area kept for open space and green overall estimated project cost of these three projects is USD 1 billion.
Time of India
26-05-2025
- Business
- Time of India
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.
