Tata Group Chairman Natarajan Chandrasekaran shared plans to formalize partnerships with 10 semiconductor companies as part of efforts to enhance India’s semiconductor ecosystem. The announcement was made during his speech at the Advantage Assam Investors Summit 2.0 in Guwahati on Tuesday.
Chandrasekaran highlighted the presence of several global semiconductor firms, including ASMPT, DISCO, Besi, Cadence, and Tokyo Electron (TEL), which have already set up operations in Assam. He praised the state government for its business-friendly approach, noting, “Assam has set a benchmark in governance, transparency, and industry collaboration, which is key to driving industrial growth.”
He also unveiled details about Tata Electronics’ upcoming semiconductor manufacturing facility in Assam, an investment worth Rs 27,000 crore. Once operational, the facility will produce 48 million semiconductor chips daily, positioning it as the largest of its kind in India and Southeast Asia. The project is expected to create more than 30,000 jobs and play a pivotal role in the industrial growth of Northeast India.
The Advantage Assam 2.0 summit, which was inaugurated by Prime Minister Narendra Modi, also saw the participation of several Union ministers, including S. Jaishankar, Jyotiraditya Scindia, Ashwini Vaishnaw, PiyushGoyal, Nirmala Sitharaman, Hardeep Puri, Sarbananda Sonowal, and Pabitra Margherita. Business leaders such as Mukesh Ambani, Gautam Adani, Sajjan Jindal, Prashant Ruia, and Anil Agarwal attended the event, along with senior delegations from countries like Australia, South Korea, Singapore, Malaysia, Taiwan, Indonesia, Thailand, Bhutan, and Japan.
Founded by Jamsetji Tata in 1868, the Tata Group is a global conglomerate headquartered in India, consisting of 30 companies across ten industries. The group operates in over 100 countries on six continents, with a mission “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 primary investment holding company and promoter of Tata companies, owns 66% of its equity share capital, which is held by philanthropic trusts. These trusts fund initiatives in education, health, livelihood generation, and the promotion of art and culture.
In the 2022-23 financial year, the combined revenue of Tata companies reached $150 billion (INR 12 trillion). Collectively, these companies employ over 1 million people. Each Tata company operates independently, guided by its own board of directors. As of February 2024, 29 Tata enterprises are publicly listed, with a combined market capitalization of $350 billion.
Tata Electronics, founded in 2020 as a greenfield venture of the Tata Group, is rapidly emerging as a global leader in electronics manufacturing. With capabilities in Electronics Manufacturing Services, Semiconductor Assembly & Test, Semiconductor Foundry, and Design Services, the company aims to offer integrated solutions across a trusted electronics and semiconductor value chain.
The company has a growing workforce of over 15,000 employees and operates facilities in Tamil Nadu and Karnataka, India. Tata Electronics is also committed to making a positive socio-economic impact, with a focus on employing a large number of women and supporting local communities through initiatives in health, hygiene, and education.
