To encourage local manufacturing of semiconductors and create two lakh jobs over the next five years,GujaratCMBhupendra Patelon Wednesday unveiled the states Semiconductor Policy 2022-27.
The policy, designed in line with the Union governments India Semiconductor Mission (ISM), offers a slew of incentives and subsidies to attract in the semiconductor manufacturing sector. An outlay of Rs 76,000 crore has also been allocated by the Union Government.
The State Government will set up the Gujarat State Electronics Mission (GSEM) to function as the nodal agency for implementation of the policy.
The state government will provide additional assistance of 40% of the capital assistance from the Union government.
As part of the policy, the state government is expected to set upDholera Semicon Cityat the Dholera Special Investment Region (SIR) near Ahmedabad. Eligible projects will get a 75% subsidy on purchase of the first 200 acres of land for manufacturing units.