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About Ratan Tata:
Ratan Tata is widely known as one of India’s most influential businessmen, known for his clear vision, trustworthiness, and commitment to driving positive change in the world through business and philanthropy. Ratan Tata joined the Tata Group in 1962 and initially worked on the shop floor of Tata Steel, the group’s flagship company. Over the years, he held various leadership positions within the group and played a key role in the development and diversification of Tata’s businesses. Ratan Tata has received many awards and honors for his contributions to business and philanthropy, including the Padma Bhushan and Padma Vibhushan, two of India’s highest civilian honors. He has also been recognized by international organizations and institutions for his leadership and achievements.
Semiconductor industry:
The semiconductor industry has the potential to significantly boost Assam’s economy and put it on the global map for technology and manufacturing. Establishing semiconductor manufacturing facilities in Assam would create a significant number of highly skilled jobs, benefiting the local workforce and economy. Industrialist and philanthropist Ratan Tata said that Tata’s manufacturing of semiconductors in Assam will put the state on the global map.
Investment:
With its first semiconductor unit to come up, Assam’s Morgano, backed by the largest-ever private investment of Rs 27,000 crore, has been presented with an opportunity to overcome barriers and showcase its capabilities. It is being said that Assam Chief Minister Himanta Biswa Sarma made an extensive push to win this massive strategic investment.
Employment:
For Assam, which has come out of nowhere to bag a crucial investment in chip-building, this is nothing less than a dream come true. The facility will create direct employment opportunities for at least 15,000 people and generate indirect employment for an estimated 11,000 to 16,000 people. With a capacity of producing 48 million chips per day, this facility is being built for Rs 27,000 crore.
Assam chief minister:
Assam’s Chief Minister, Himanta Biswa Sarma, thanked industrialist Ratan Tata during their meeting in Mumbai. They talked about Tata Group’s upcoming Rs 27,000 crore semiconductor plant in Assam. Sarma praised the Tata semiconductor facility in Morigaon’s Jagiroad as a game-changing investment. It’s expected to put Assam on the global semiconductor map and transform the economic situation in eastern India. In a statement after meeting with Ratan Tata and Tata Sons chairman N Chandrasekaran, Sarma expressed the deep gratitude of the people of Assam for their strong belief in the state. He expects chip production to begin by 2025.
Furthermore, Sarma talked about setting up a skill development center at the semiconductor facility on Jag Road. This center will provide courses in artificial intelligence, semiconductors, and electronics, aiming to empower youths from the North-East and improve their job opportunities at the Jag Road unit. Sarma also highlighted the training of 1,500 Assamese youths, especially women, at Tata facilities in Bangalore. He stressed their preparedness for leadership positions when the semiconductor facility starts operating in 2025.
Conclusion:
In a post on X, Ratan Tata stated, “The investments being made in Assam will revolutionize the state’s healthcare infrastructure, particularly in the area of helping people with cancer.” Today, through a collaboration between the Assam state government and the Tata group, Assam is getting ready to be an important place where they’ll make advanced computer chips. This groundbreaking initiative will elevate Assam’s global standing.
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