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Uttar Pradesh: State's Semiconductor Policy Draws Rs 40,000 Crore Investment In Support Of India's Chip-Making Goals. In January this year, the UP state cabinet approved its own semiconductor policy, designed to offer incentives to investors, establish Uttar Pradesh as a hub for the semiconductor ecosystem, and support the country's chip manufacturing efforts. With this move, Uttar Pradesh became the fourth state to implement a semiconductor policy, following Gujarat, Odisha, and Tamil Nadu. According to the Economic Times, the Hiranandani group's #TarqSemiconductor is anticipated to invest Rs 28,440 crore, while #Kaynes Technologies' subsidiary, #KaynesSemicon, is set to invest Rs 4,248 crore. #AditechSemiconductor has proposed an investment of Rs 3,751 crore, and #Vamasundari Investment Delhi has planned an investment of Rs 3,599 crore. The projects are expected to generate over 32,000 jobs in the state. By cultivating a robust semiconductor ecosystem, the state aims to leverage its strategic advantages to boost economic development and technological advancement. Under the new policy, the state government will offer a 50 per cent subsidy on the capital subsidy provided by the Union government. It will also offer an interest subsidy of up to Rs 1 crore for units investing up to Rs 200 crore. Additionally, the policy includes a 75 per cent rebate on the first 200 acres of land and a 30 per cent rebate on additional land, along with a 100 per cent exemption on stamps and registration duty on land purchases. https://t.co/sKroJdp3i5 #Polymatech Electronics has also announced month back publishing newspaper ad coming to UP in near future. India to become global player in semiconductor industry: IT secretary PM Shri Narendra Modi Ji also told India will become one of the major hub of Semiconductor Manufacturing in world within next 5-7 years. Do your own DD before investing. #semiconductor #manufacturing #EMS #Electronics #AtmanirbharBharat