Tata Group to lease 170 acres space in land Assam for semiconductor unit
Tata Group has signed an agreement with the state government of Assam for the leasing of over 170 acres of land. The space is leased for the setting up of a semiconductor unit in Morigaon in Assam. As per The Economic Times, the lease agreement is for 60 years and is signed with Assam Industrial Development Corporation (AIDC).
Tata would invest Rs. 27,000 crore for the unit and the construction starts in 100 days. Along with the unit a Skill Development Centre will co-locate in Jagiroad; the first chip will roll out by 2025.
Also Read: Rs 25,000 crore semiconductor unit to come up in Assam