Union Finance Finance Minister Nirmala Sitharaman Friday visited the site of the upcoming Tata Outsourced Semiconductor Assembly and Test (OSAT) project at Jagiroad in Morigaon district, where she met officials overseeing the project and interacted with a group of students, start-up founders and entrepreneurs from the state.
“The present time offers immense opportunities. Once an industrial unit is established, several peripheral industries are likely to emerge, generating more employment avenues for the youth. I urge the youth to step forward, take risks, and start their own ventures to contribute to the nation’s economic development,” she said during the interaction.
The project, with an investment of Rs 27,000 crore, is expected to produce up to 48 million semiconductor chips per day, the FM’s office said in a post on X. The OSAT will employ advanced packaging technologies such as flip chip and Integrated System in Package (ISIP).
The Finance Minister on Friday also inaugurated the Gateway of Guwahati Terminal and Jetty, a riverine terminal — dubbed to be the first of its kind in India — on the Brahmaputra river in Guwahati. It will be a functional floating terminal constructed at a cost of Rs 304.95 crore by the Assam Inland Water Transport Development Society.
“The Gateway of Guwahati Terminal is not just a transport facility, it is a statement of Assam’s progressive vision. This project will boost river-based transport, promote tourism, and open new economic opportunities for the people of Assam,” said Sitharaman at the inauguration.
She also inaugurated the Brahmaputra Riverfront in Guwahati, part of the Guwahati Smart City project, which will be a promenade on a 1.2 km stretch of the riverbank, during her visit. It will feature a boulevard, landscaped gardens, cycling tracks, children’s play areas, health parks, and commercial zones.
