ENA State 2023-12-26 16:45:37 <p><span style="font-size:14px"><strong>Gandhinagar, Dec 26 (KNN)</strong> The Gujarat Semiconductor Policy is a crucial step toward realising the state's commitment to a self-reliant India and Gujarat, affirmed Chief Minister Bhupendra Patel on Monday.</span></p> <p><span style="font-size:14px">The policy, aimed at transforming Gujarat into a semiconductor powerhouse, has garnered significant attention with Micron Technology's announcement of a USD 2.75 billion plant in Sanand near Ahmedabad, indicating success in attracting global players, according to a release issued by the state government.</span></p> <p><span style="font-size:14px">The Chief Minister disclosed that the state government is establishing Dholera Semicon City near Ahmedabad, where eligible projects will receive subsidies for manufacturing unit setups.</span></p> <p><span style="font-size:14px">Additionally, he added, the 10th edition of the Vibrant Gujarat Global Summit (VGGS) is scheduled in Gandhinagar next month to facilitate business networking, knowledge sharing, and strategic partnerships for inclusive growth.</span></p> <p><span style="font-size:14px">In June, the Gujarat government inked a Memorandum of Understanding (MoU) with Micron Technology for a semiconductor assembly and test facility in Sanand.</span></p> <p><span style="font-size:14px">Patel emphasised that the dedicated semiconductor policy, implemented as the country's first, aligns with the commitment to 'Aatmanirbhar Bharat' and 'Aatmanirbhar Gujarat.'</span></p> <p><span style="font-size:14px">The ambitious Dholera Special Investment Region (SIR) is going to host 'Semicon City,' covering 5,000-10,000 acres and generating two lakh jobs over the next five years, featuring semiconductor fabrication units, display fabrication units, silicon photonics, and semiconductor assembly, testing, marking, and packaging facilitie</span></p> <p><span style="font-size:14px">Union Minister of State for Skill Development and Entrepreneurship, Rajeev Chandrasekhar, announced the establishment of a new Indian semiconductor centre for research and revealed over 30 design startups emerging.</span></p> <p><span style="font-size:14px">The policy, aligned with the Centre's 'India Semiconductor Mission,' aims to attract and facilitate new projects in the sector, as per an official release.</span></p> <p><span style="font-size:14px">It offers a 75 per cent subsidy on the first 200 acres for setting up manufacturing units, with additional land provided at a 50 per cent subsidy.</span></p> <p><span style="font-size:14px">Eligible projects benefit from a power tariff subsidy of Rs 2 per unit for a decade and affordable quality water rates for the initial five years.</span></p> <p><span style="font-size:14px">Additional incentives are provided for projects with significant Foreign Direct Investment (FDI) or those relocating from overseas locations.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 36033 https://knnindia.co.in/news/newsdetails/state/gujarats-semiconductor-policy-to-propel-aatmanirbhar-bharat-cm-bhupendra-patel 2023-12-26 16:45:37 knnindia.co.in