Tata Group Chairman Natarajan Chandrasekaran revealed plans to partner with 10 semiconductor companies to strengthen India’s semiconductor industry. He made the announcement during the Advantage Assam Investors Summit 2.0 in Guwahati on Tuesday.
Chandrasekaran praised Assam for its business-friendly environment, noting that global semiconductor companies like ASMPT, DISCO, Besi, Cadence, and Tokyo Electron (TEL) have already set up operations in the state. He credited Assam’s government for its transparent and collaborative approach, which he believes is key to industrial growth.
He also introduced Tata Electronics’ new semiconductor manufacturing facility in Assam, which is set to be a Rs 27,000 crore investment. Once fully operational, the facility will produce 48 million semiconductor chips daily, making it the largest of its kind in India and Southeast Asia. This project is expected to generate over 30,000 jobs and significantly boost industrial development in Northeast India.
The Advantage Assam 2.0 summit, inaugurated by Prime Minister Narendra Modi, featured several Union ministers, including S. Jaishankar, Jyotiraditya Scindia, Ashwini Vaishnaw, Piyush Goyal, Nirmala Sitharaman, Hardeep Puri, Sarbananda Sonowal, and Pabitra Margherita. Prominent business leaders such as Mukesh Ambani, Gautam Adani, Sajjan Jindal, Prashant Ruia, and Anil Agarwal were also in attendance. Senior delegations from countries like Australia, South Korea, Singapore, Malaysia, Taiwan, Indonesia, Thailand, Bhutan, and Japan participated in the event.
Tata Group, founded in 1868 by Jamsetji Tata, is a global conglomerate headquartered in India, with 30 companies across ten industries. Operating in over 100 countries, the group’s mission is “To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust.”
Tata Sons, the holding company of the Tata Group, owns 66% of the group’s equity, which is held by philanthropic trusts that fund initiatives in education, health, livelihood, and culture. In the 2022-23 financial year, Tata companies generated $150 billion (INR 12 trillion) in revenue and employed over 1 million people. As of February 2024, 29 Tata companies are publicly listed, with a combined market capitalization of $350 billion.
Tata Electronics, founded in 2020, is emerging as a leader in electronics manufacturing. The company specializes in Semiconductor Assembly & Test, Semiconductor Foundry, and Design Services, offering integrated solutions across the electronics and semiconductor sectors. Tata Electronics has a workforce of over 15,000 and operates facilities in Tamil Nadu and Karnataka, India. It is also dedicated to supporting local communities, focusing on initiatives in health, hygiene, and education, and providing employment opportunities, particularly for women.
