Industrialist and philanthropist Ratan Tata has announced that his conglomerate, Tata Group, will invest Rs 27,000 crore in setting up a semiconductor unit in Assam. This move is expected to put the state on the global map and make it a major player in sophisticated semiconductors. This development comes after the foundation stones for three semiconductor facilities with financial implications of about Rs 1.25 lakh crore were laid by Prime Minister Narendra Modi in Gujarat and Assam. This investment is a testament to the vast potential of the semiconductor industry in India and will cover segments such as automotive, electric vehicles, consumer electronics, telecom, and mobile phones.
Tata Group Invests Heavily in Assam Semiconductor Industry
Background
The semiconductor industry holds immense significance in the modern technological landscape, powering everything from smartphones to advanced computer systems. India, recognizing this potential, has embarked on an ambitious mission to establish a robust domestic semiconductor manufacturing ecosystem.
In line with this vision, Tata Group, India's largest industrial conglomerate, has announced a substantial investment of Rs 27,000 crore to set up a semiconductor unit in Assam. This strategic move aligns with the government's "Make in India" initiative and aims to reduce the country's reliance on imported semiconductors.
Investment Details
Tata Group's investment will be channeled into establishing a state-of-the-art semiconductor fabrication facility (fab) in Assam. The facility is expected to produce sophisticated semiconductors cater to a wide range of industries, including:
This investment is a testament to the immense potential of the semiconductor industry in India and will contribute significantly to the country's technological advancement.
FAQs
1. Why is the Tata Group investing in Assam? Assam offers a favorable investment climate, including:
2. What is the significance of this investment? This investment will:
3. Which segments will the facility cater to? The facility will produce semiconductors for various sectors, including:
4. What is the timeline for this project? The construction of the semiconductor unit is expected to commence soon, with the facility becoming operational within the next few years.
5. How will this investment impact Assam's economy? This investment is expected to:
Ratan Tata, the renowned industrialist and philanthropist, took to social media to clarify rumors of his hospitalization. He thanked the public for their concern but urged them to refrain from spreading misinformation, as he is only undergoing regular medical checkups. The 83-year-old business tycoon is known for his simplicity and humility and has played a crucial role in the growth and restructuring of Tata Group.
In a move to protect its domestic EV market, the US government has decided to impose tariffs on Chinese-made electric vehicles starting from next month. This decision comes as a result of concerns about unfair trade practices and the need to support local manufacturers. The tariffs, which could be as high as 45%, will be in effect for five years. This is a clear sign of the tense relations between the US and China, particularly in the automotive industry which plays a significant role in both economies.
The Securities and Exchange Board of India (Sebi) has implemented a new rule for credit of bonus shares in demat accounts of investors, to be in force from October 01, 2024. NBCC's bonus share issue's record date is Monday, October 07, 2024, with the Ex Bonus Date also on the same day. However, since all stocks in India now follow T+1 settlement cycle, only those investors who have bought NBCC shares latest by Friday, October 04, 2024 will be eligible for the bonus issue. Stay updated and follow News24 for the latest news and updates on the NBCC bonus share issue.
Business tycoon Ratan Tata breaks his silence and addresses rumors surrounding his health and hospitalization. He assures the public that there is no cause for concern and explains that he is undergoing medical check-ups due to his age and related conditions. This news comes as a relief to his fans and followers, who have been worried about his well-being.
After reports of Ratan Tata's hospitalisation, the former chairman of Tata Sons took to social media to clarify and dispel any concerns about his health. In his statement, he assured the public that the rumours were untrue and that he was undergoing medical check-ups for age-related conditions. Known for his contributions to business, society, and philanthropy, Tata remains in good spirits and continues to oversee the Tata Trusts.
The ECOWAS Commission, in collaboration with the African Development Bank, will be implementing a US$15 million bridge project to connect Liberia and Côte d'Ivoire. The project aims to promote cross-border trade and ease difficulties in movement along the West African region. The commissioning ceremony took place at the Plulo Border and brought together representatives from both governments and regional stakeholders. The African Development Bank will also finance a US$258 million bridge over the Cavalla River, signaling a commitment to solidifying regional trade and integration.
The Indian Navy has announced a recruitment drive for its executive and medical branches for the SSR (Med Asst) in November 2024 batch. Interested and eligible candidates can apply online before September 17, 2024. The detailed advertisement and application process can be found on the official Indian Navy website. Candidates should have qualified 10+2 examination with specified subjects and will receive a stipend during initial training, followed by placement in Level 3 of Defence Pay Matrix upon successful completion. Stay updated with the latest job notifications, preparations and results by downloading the Jagran Josh Sarkari Naukri App.
A heated debate erupted between Ola Electric founder Bhavish Aggarwal and comedian Kunal Kamra on Twitter regarding the service quality of Ola's electric scooters. Kamra criticized the company for neglecting the complaints of consumers, while Aggarwal fired back by challenging Kamra to come and help improve the service network. The exchange quickly turned personal, with Kamra calling Aggarwal arrogant and Aggarwal mocking Kamra's comedy career. Many Ola Electric customers also joined in, expressing their dissatisfaction and urging Aggarwal to address their concerns.
Ola Electric founder Bhavish Agarwal and comedian Kunal Kamra clash on social media platform X over the after sales and service quality of the company's electric scooters. Kamra criticized Ola's service network while Agarwal responded by inviting him to help resolve the issues or sit quietly. The disagreement highlights the importance of customer satisfaction and service in the business world.
A Madurai-bound Air India flight from Chennai was forced to make a quick return to the city due to a technical issue. The aircraft safely landed at Chennai airport and passengers were offered alternative arrangements to reach their destination. Air India officials assure that safety is their top priority and offer full refunds and complimentary rescheduling for passengers affected by the unexpected disruption.