• Home
  • Laptops
  • Laptops News
  • Gujarat Government Announces Semiconductor Policy, Offers Incentives for Investment in Sector

Gujarat Government Announces Semiconductor Policy, Offers Incentives for Investment in Sector

Under the Semiconductor Policy, the Gujarat government will set up 'Dholera Semicon City' in the Dholera Special Investment Region near Ahmedabad.

Gujarat Government Announces Semiconductor Policy, Offers Incentives for Investment in Sector

Photo Credit: Twitter/ Bhupendra Patel

Eligible manufacturing units would get power tariff subsidy of Rs. 2 per unit for the first 10 years

Highlights
  • Gujarat government is offering incentives and subsidies for chip makers
  • Eligible projects will get water at the rate of Rs. 12 per cubic meter
  • Eligible projects will be exempted from paying any electricity duty

The Gujarat government on Wednesday announced a dedicated policy to attract new investment in the semiconductor sector by offering incentives and subsidies to start operations in the state. Chief Minister Bhupendra Patel unveiled the 'Gujarat Semiconductor Policy', will remain in force till 2027, state Science and Technology Minister Jitu Vaghani said in a statement.

Under the policy, the state government will set up 'Dholera Semicon City' near Ahmedabad where eligible projects will be given subsidy for setting up manufacturing units, the release said.

Gujarat has now become the first state in the country to have a dedicated policy for the semiconductor and display production sector, the minister claimed.

"The policy has been designed in line with the Centre's India Semiconductor Mission. We expect that our policy would generate two lakh new jobs in the semiconductor sector during the next five years in the state," Vaghani said.

Under the policy, the state government will set up 'Dholera Semicon City' in the Dholera Special Investment Region near Ahmedabad.

At the facility, eligible projects will be given 75 percent subsidy on purchase of first 200 acres of land for setting up manufacturing units.

The eligible projects will be provided good quality water at the rate of Rs. 12 per cubic meter for the first five years, the release said.

The eligible manufacturing units would also get power tariff subsidy of Rs. 2 per unit for the first 10 years of going into production, it said, adding that such projects will be exempted from paying any electricity duty.

To encourage investors under the policy, the state government has also announced to reimburse 100 percent of stamp duty which investors would pay for the first time for taking land on lease or on land transfer.

To remove bottlenecks and provide quick clearances to investors, the state government will establish a single window mechanism to provide all the necessary approvals from one place, the release said.


Why is Oppo making strange choices with its flagship Reno series? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

FIFA 23 Gameplay Trailer Revealed: HyperMotion 2, Women Clubs, and More
Share on Facebook Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2022. All rights reserved.