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Gujarat becomes first Indian state to launch semiconductor policy 2022-27

Gujarat becomes first Indian state to launch semiconductor policy 2022-27_4.1

The Gujarat government has announced a dedicated ‘Gujarat Semiconductor Policy 2022-27’ with a view to generating at least 2,00,000 new employment opportunities during a period of five years. The Gujarat government has also decided to develop a “semicon city” which would be a part of the Dholera Special Investment Region. The projects approved under the Design-linked Incentive scheme of the Government of India will not be eligible for availing of the benefits under the new policy, said the state government press release.

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Under the new policy:

  • The state government will provide heavy subsidies on power, land and water tariffs for entrepreneurs interested in investing in semiconductors or display fabrication manufacturing.
  • The primary objective of the current government is to make Gujarat a forerunner in developing the Electronics System Design & Manufacturing (ESDM) ecosystem.
  • As per reports, the Gujarat policy focuses on guiding a significant portion of investments made under these India Semiconductor Mission (ISM) policies towards Gujarat.
  • The policy will provide additional capital assistance at 40 per cent of the capex assistance extended by the Centre for the projects approved under ISM.
  • The semiconductor policy will provide assistance to one project each, semiconductor and display fabrication. In case of multiple applications, the State-appointed high-powered committee will make recommendations on the basis of credentials of projects.

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