Latest news with #UttarPoorvaTransformativeIndustrialisationScheme
India Gazette
26-05-2025
- Automotive
- India Gazette
Assam govt sets aside Rs 25,000 crore to incentivise electronic components manufacturing
New Delhi [India], May 26 (ANI): To boost its electronic components manufacturing ecosystem, the Assam government has decided to offer additional incentives to manufacturers willing to set up units in the northeastern state in addition to what the central government is offering. Chief Minister Himanta Biswa Sarma told reporters on Monday in New Delhi after a roundtable meeting with industry members that Assam's policy proposes to provide 60 per cent additional incentives to electronics components manufacturers, topping up the central government incentives. 'Various incentives have been topped up over and above the Government of India's policy,' said the CM. He said some rebates will also be provided on the GST front and social infrastructure, in addition to helping the companies develop the power ecosystem. CM said his government has earmarked Rs 25,000 crore as incentives for semiconductor and electronic component manufacturers. In late March, the Union Cabinet approved the Electronics Component Manufacturing Scheme with a funding of Rs 22,919 crore to make India self-reliant in the electronics supply chain. Soon after the central government announced the electronics components manufacturing policy, Assam also released its own components manufacturing policy. The CM underlined that any company intending to set up a components manufacturing unit in Assam would reap the benefits of three programmes - the central components manufacturing policy, Assam's components manufacturing policy, and the northeast India-focused UNNATI scheme. The UNNATI scheme, officially named the Uttar Poorva Transformative Industrialisation Scheme, is a central sector scheme launched by the Indian government to promote industrialisation and employment in the North Eastern Region (NER). Earlier, the Assam government also devised a policy for semiconductor makers, providing 50 per cent additional incentives on top of what the central government is offering. Giving an update about the under-construction Tata semiconductor facility in Jagiroad, CM Sarma said that the manufacturing will either start by the end of 2025 or the beginning of 2026. 'By the end of this year or beginning of next year, we will be able to ship out chips from the Tata semiconductor plant,' he said. With an investment of Rs 27,000 crore, the Tata semiconductor facility is expected to produce up to 48 million semiconductor chips per day. The project was approved by the Union Cabinet on February 29, 2024, followed by a quick ground-breaking ceremony. 'We have gained a lot of traction globally, many international delegations and companies have visited Assam,' he told reporters. A 52-member delegation led by the speaker of Japan's national assembly had also visited Assam recently. The chief minister told the press briefing today that his government is setting up an electronics manufacturing city around the Tata semiconductor plant named Ratan Tata Electronics Manufacturing City. The chief minister called upon industry leaders to take the first mover's advantage in Assam. The chief minister said the geographical disadvantages of Assam are being neutralised by the government's rapid infrastructure build-up - roadways, railways, and logistics. 'We have a sufficient amount to be disbursed as of now to facilitate the setting up of the infrastructure,' he told reporters. (ANI)
The Hindu
26-05-2025
- Business
- The Hindu
Assam will provide ‘top-up' incentives to electronics manufacturers: CM Sarma
Electronics manufacturers — including component manufacturers — will enjoy additional incentives on top of what they are already eligible to receive from the Union government if they set up facilities in Assam, Chief Minister Himanta Biswa Sarma told semiconductor industry representatives and media personnel in Delhi on Monday (May 26, 2025). Mr. Sarma will hold similar roundtables with industry members in Mumbai, Chennai and Bengaluru. 'Whatever the Government of India will provide' under programmes like the Electronics Manufacturing Component Scheme, 'we'll actually top up with 60% additional incentive,' Mr. Sarma said, matching three-fifths of the Centre's contribution. Industry players are being encouraged with the Union government's Uttar Poorva Transformative Industrialisation Scheme, Mr. Sarma said, essentially giving them access to at least three schemes to ease their entry to the state. Spoke to industry leaders of the Electronics sector on Assam's customised and industry friendly policies and how we are walking the extra mile to aid industrial development in the State. Investors interest in Assam is at an all time high. 📌Electronics Roundtable, New Delhi — Himanta Biswa Sarma (@himantabiswa) May 26, 2025 Electronic city Jagiroad, home to a former industrial belt along National Highway 37, is being rebuilt by Assam's government as an electronic city to house the Tata plant, where semiconductors will be 'packaged' and tested, and will also host foreign firms who will supply the plant and service its equipment. 'We're negotiating a big loan from the Asian Development Bank so that the city can fulfill all the requirements,' Mr. Sarma said, adding that an existing loan had already been approved to set up an Assam Skills University. The cluster is located ideally, Mr. Sarma said, with an airport and railway station at a 45 kilometre distance. An outer ring road around Guwahati to improve this connectivity has also been approved by the Union government,' Mr. Sarma said. A major component of Assam's electronics manufacturing policies is to encourage talent from the State to return and work there. 'We have a very good human resource base because we have an IIT in Guwahati, an IIIT in Guwahati, a good network of engineering colleges, and the Government of India has also declared the National Institute of Electronics & Information Technology (NIELIT) a deemed university,' Mr. Sarma said. Why Assam Mr. Sarma said that the State government's current electronics incentive corpus of ₹25,000 can be disbursed 'in one month also,' and that first movers — after getting the homologous incentive from the Union government — would benefit from quick approvals for these funds too. 'We don't have a problem of plenty,' Mr. Sarma said. 'You can talk, customise, and address requirements' with private firms. 'We have just developed [these schemes], so the government is very active. We can offer whatever they [industry players] want, and facilitate the entire journey with a lot of handholding… We're not waiting, we'll tweak the disbursement schedule depending on the industry's needs.' There will be 'social infrastructure' in the cluster, with a medical college being sanctioned, and green power being provided to the Tata plant, Mr. Sarma said.
