{"id":1287154,"date":"2024-11-08T11:38:04","date_gmt":"2024-11-08T06:08:04","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1287154"},"modified":"2024-11-08T11:38:39","modified_gmt":"2024-11-08T06:08:39","slug":"gujarat-is-1st-state-to-deploy-dedicated-semiconductor-policy","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/gujarat-is-1st-state-to-deploy-dedicated-semiconductor-policy\/","title":{"rendered":"Gujarat Is 1st State To Deploy Dedicated Semiconductor Policy"},"content":{"rendered":"\n

In line with Prime Minister Narendra Modi\u2019s Viksit Bharat@2047 vision, Gujarat has launched India\u2019s first \u2018Gujarat Semiconductor Policy 2022-2027,\u2019 aiming to establish itself as a powerhouse in semiconductor manufacturing. Under Chief Minister Bhupendra Patel\u2019s leadership, this policy seeks to enhance self-reliance in semiconductors and attract massive investments in the field.<\/p>\n\n\n\n

\"Gujarat<\/figure>\n\n\n\n

Landmark Investments and Key Projects<\/strong><\/p>\n\n\n\n

Gujarat has successfully attracted investments from prominent global players, with key projects already underway<\/a>. Chief Minister Patel recently laid the foundation for Micron\u2019s semiconductor assembly, test, mark, and pack (ATMP) plant in Sanand, a project valued over Rs 22,500 crore. In Dholera, Tata Electronics Private Limited (TEPL) and Taiwan\u2019s Powerchip Semiconductor Manufacturing Corporation (PSMC) are establishing India\u2019s first AI-enabled semiconductor fabrication facility with an investment surpassing Rs 91,000 crore.<\/p>\n\n\n\n

Additionally, CG Power and Renesas are investing Rs 7,500 crore in a state-of-the-art Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, while Kaynes Semicon\u2019s facility in the same region will produce an estimated 6 million chips daily, supported by a Rs 3,300 crore investment.<\/p>\n\n\n\n

Incentives and Support Under the Gujarat Semiconductor Policy<\/strong><\/p>\n\n\n\n

The Gujarat government is offering a suite of incentives to support semiconductor units. Companies can benefit from a 40% subsidy on capital expenditure, a 100% one-time refund on stamp duty and registration fees, and discounted electricity and water rates. For units in Dholera\u2019s \u2018Semicon City,\u2019 there is a land acquisition subsidy of up to 75%, fostering an attractive environment for semiconductor investments.<\/p>\n\n\n\n

Creating Jobs and a Sustainable Ecosystem<\/strong><\/p>\n\n\n\n

This initiative is set to generate approximately 53,000 high-skilled jobs in Gujarat, advancing India\u2019s goal of semiconductor self-reliance. The state\u2019s support aligns with the central government\u2019s \u2018India Semiconductor Mission,\u2019 which allocated Rs 76,000 crore in 2021 to boost domestic semiconductor production.<\/p>\n\n\n\n

Conclusion: Paving the Way for a Self-Reliant Future<\/strong><\/p>\n\n\n\n

Gujarat\u2019s semiconductor policy represents a bold step towards transforming India into a global semiconductor hub. With significant investments and government support, the state is on track to strengthen the nation\u2019s semiconductor ecosystem, driving job creation and fostering a sustainable, self-reliant semiconductor industry.<\/p>\n\n\n\n

Image Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In line with Prime Minister Narendra Modi\u2019s Viksit Bharat@2047 vision, Gujarat has launched India\u2019s first \u2018Gujarat Semiconductor Policy 2022-2027,\u2019 aiming to establish itself as a powerhouse in semiconductor manufacturing. Under Chief Minister Bhupendra Patel\u2019s leadership, this policy seeks to enhance self-reliance in semiconductors and attract massive investments in the field. Landmark Investments and Key Projects […]<\/p>\n","protected":false},"author":30,"featured_media":1287161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[996,1664],"class_list":["post-1287154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-gujarat","tag-semiconductor"],"acf":[],"yoast_head":"\nGujarat Is 1st State To Deploy Dedicated Semiconductor Policy - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/gujarat-is-1st-state-to-deploy-dedicated-semiconductor-policy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gujarat Is 1st State To Deploy Dedicated Semiconductor Policy - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"In line with Prime Minister Narendra Modi\u2019s Viksit Bharat@2047 vision, Gujarat has launched India\u2019s first \u2018Gujarat Semiconductor Policy 2022-2027,\u2019 aiming to establish itself as a powerhouse in semiconductor manufacturing. 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