Assam government approves semiconductor PLI policy to attract investments

Eyeing to attract semiconductor units in Assam, the state government has approved Assam Electronics (Semiconductor, etc.) Policy 2023.

Assam cabinet has approved productivity-linked incentives for the industry. Assam chief minister Himanta Biswa Sarma, “Advanced states like Uttar Pradesh, Gujarat, and Orissa has announced a policy for semiconductor. We to have announced a policy where there will be a capital investment subsidy. With our new production-linked incentive policy, Assam will soon attract investments to manufacture semiconductors in the State.”

He said, “ We have some positive vibes. Due to clean and pure water of river Brahmaputra many industrialists have evinced interest. For semiconductor industry clean water is required. Many are asking if we have a policy or not. Today we have approved a policy and we have positive vibes. I am very hopeful.”