The Assam Government has signed an agreement with the Tata Group to lease over 170 acres of land in Jagiroad, Morigaon district, for a Rs 27,000-crore semiconductor plant. The 60-year lease agreement was finalized at the sub-registrar's office by Tata Group Board member Ranjan Bandopadhyay and Assam Industrial Development Corporation's (AIDC) manager (tech) and project in-charge Dhiraj Pegu.

District Commissioner (DC) Devasish Sharma, along with Tata Group officials Kaninika Thakur, Ashish Mishra, and Avinash Dhabade, were present at the signing ceremony. Sharma described the event as a significant milestone for the state.

The semiconductor facility, to be built on the site of the former Hindustan Paper Corporation Limited, is expected to create over 30,000 jobs, with the first phase set to be operational by mid-2025. The Tata Group team indicated that work would commence soon.

Prime Minister Narendra Modi virtually laid the foundation for the plant on March 13. The facility will focus on three key platform technologies: wire bond, flip chip, and integrated systems packaging (ISP) technologies, with plans for advanced packaging technologies. The plant aims to meet growing global demands in AI, industrial, and consumer electronics.