When India launched the India Semiconductor Mission in 2021 with a Rs 76,000-crore incentive package, its objective extended beyond manufacturing chips.

Assam Chief Minister Himanta Biswa Sarma highlighted the State’s remarkable transformation over the past decade, saying Assam has evolved from being associated with insurgency to emerging as one of India’s fastest-growing states and a future semiconductor manufacturing hub.

India has never lacked technological vision. Time and again, it has anticipated transformative technologies long before they became mainstream. It has built impressive scientific capabilities, developed indigenous innovations, and demonstrated remarkable ingenuity. Yet, in several critical sectors, it has struggled to convert early technological leadership into globally dominant industries.

The trajectory of any institution is inseparable from the people who build it. Gilroy Mathew has spent twenty-seven years at UST, a span that mirrors the full arc of India’s IT story and now reaches into an era neither he nor the company he serves could have imagined at the outset.

Chasen Holdings is expanding its India operations as it targets growing demand from semiconductor, solar energy and electric vehicle battery manufacturers, leveraging its regional track record in cleanroom-grade equipment handling and precision rigging. The group operates through its Specialist Relocation and Technical & Engineering segments, offering end-to-end support from machinery move-in to installation and commissioning for technology-intensive clients.

The global shift in electronics manufacturing (EMS) is creating one of the biggest opportunities for India’s Electronics System Design and Manufacturing (ESDM) industry.