Through major policy changes, cooperation, and global investment, UP will soon become a hub of semiconductor and electronics manufacturing. Strategic developments include the Uttar Pradesh Semiconductor Policy 2024 and the state's growing importance in mobile and electronics manufacturing. This paper analyses UP's activities, achievements, and the effects of the developing semiconductor environment.
Policy Framework and Initiatives
Capital and Interest Subsidies:
◆ The Uttar Pradesh Semiconductor Policy 2024 offers a 50% capital subsidy aligned with Government of India (GOI) support. Additionally, there's a 5% interest subsidy for units with investments up to ₹200 Cr., capped at₹7 Cr. over seven years, aimed at easing the financial burden on startups and tech ventures.
Land and Power Incentives:
◆ To facilitate infrastructure development, the state offers 75% subsidy on the first 200 acres of land and 30% subsidy on additional land purchases for main or ancillary units. Additionally, dual power grids are set up for FAB units, with the cost of one grid covered by the government to enhance reliable power supply.
Tax Exemptions and Financial Reliefs:
◆ The policy offers 100% exemption from Stamp Duty, Registration Fees, and Electricity Duty for 10 years to semiconductor units. There's also a 50% exemption from transmission and wheeling charges on interstate power purchases, which supports sustainable energy practices and reduces operational costs.
Research and Development Support:
Bu hikaye Bisinfotech dergisinin November 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Bisinfotech dergisinin November 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Securing India's Future: AI And Evolving Threats In Cybersecurity
ManageEngine is a leading provider of comprehensive IT management solutions, offering tools for network, security, and identity management to help organizations optimize and secure their IT infrastructure.
ThoughtSol Launches New Initiatives to Cut Emissions
ThoughtSol Infotech Pvt. Ltd is stepping up its commitment to sustainability by undertaking a comprehensive assessment of its carbon footprint.
India's First Green Hydrogen Steel Facility Project Awarded
Gensol Engineering Limited has partnered with Matrix Gas & Renewables to develop India’s first and largest Green Steel production facility.
Strengthening India's Cyber Resilience with Sattrix
Sattrix India is a distinguished leader in the realm of IT and cybersecurity serving many Big players across eCommerce, BFSI, Electronics and PSU sector.
Pioneering India's Semiconductor Revolution with Merck Electronics
Merck's electronics business is committed to advancing digital living and at the heart of these strides are Semiconductors.
How Mowito is Enhancing Flexibility and Efficiency in Warehouses and Factories
Mowito is unique in offering software that enables robotic arms to pick fresh produce and handle a range of items, including pharmaceuticals, FMCG, CPG, cosmetics, and electronics.
Pioneering Battery Recycling and Strengthening India's Lithium-lon Value Chain
Recyclekaro has made a substantial investment of 100 crore in establishing a Nickel Metal plant facility within the country. This strategic move is geared towards reinforcing India's standing within the worldwide lithium-ion value chain. During an interaction with Vidushi, Prassann Daphal, CEO, Recyclekaro discussed Recyclekaro's initiatives in battery recycling, their investment in a Nickel Metal plant, and efforts to support India's lithium-ion value chain and circular economy.
VIAVI Solutions Leads the Charge in 5G, Open RAN, and Al-Driven Network Innovations
VIAVI Solutions is a global provider of network test, monitoring and assurance solutions for communication networks, cloud, hyperscale and enterprise data centers to mission-critical avionics, industrial, automotive, transportation, military, railway and aerospace.
Advancements in Electronics and Semiconductor Manufacturing in Uttar Pradesh
Uttar Pradesh (UP) has become the center of electronics and semiconductor manufacturing in India.
Advancing Security at The Intelligent Edge
As embedded systems become more intelligent and more capable of gathering vast amounts of data to deliver real-time, insightful decisions their impact on peoples’ health, productivity, and safety becomes profound.
