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Labour Laws Uttar Pradesh Ministry of Information Technology Factories Act, 1948

Government of Uttar Pradesh Notifies Semiconductor Policy 2024

19-Jan-2024 | NA

The Government of Uttar Pradesh has notified the Semiconductor Policy 2024 with an intent to foster semiconductor ecosystem within the state. The policy aims to establish robust semiconductor manufacturing ecosystem in the state of Uttar Pradesh and cultivate a supportive fabless ecosystem for semiconductor manufacturing. The policy also outlines that the Department of IT and Electronics, Uttar Pradesh Government has been designated as the nodal agency in this regard. Under the policy, the approval process for setting up semiconductor manufacturing facility shall sent to state cabinet for approval and approval shall be provided based on recommendations by empowered committee. The policy also highlights the intent to provide capital subsidy upto 50%, land rebate, 100% exemption on stamp and registration duty, 100% exemption on electricity duty for upto 10 years, support from the state government for skill and training development, standalone research and development centre and other such points are also highlighted under the policy. For more information, please refer to the document attached hereby.

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