Gujarat 1st State to unveil Semiconductor Policy
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.
image for illustrative purpose
Ahmedabad: 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.
