Tata Semiconductor Manufacturing Gets Special Economic Zone Nod in Dholera
To become the global semiconductor hub India have taken the strategic step. As the government have cleared the approval of a Special Economic Zone (SEZ) for the Tata Semiconductor Manufacturing in Dholera, Gujarat. It will be backed by the massive ₹91,000 crore investment and this project will establish the country’s first chip fabrication unit. The initiative is also expected to boost the domestic manufacturing, reduce reliance on the imports and will create the thousands of jobs.
The government has officially notified the Special Economic Zone (SEZ) for the Tata Semiconductor Manufacturing Pvt Ltd at Dholera.
This SEZ will focus on the electronic hardware, software and IT/ITeS services which will making it the comprehensive technology hub.
This project also involves the investment of the ₹91,000 crore and making it one of India’s largest semiconductor initiatives.
Key Highlights Are,
The SEZ will be developed over the 66.16 hectares in Dholera, Gujarat.
Dholera is rapidly emerging as the key destination for the high-tech manufacturing in India.
The Special Economic Zones are specific areas within the country where the business and trade laws are different from the rest part of the country.
These zones offer the,
The main idea is to create the business-friendly environment which encourages the industries to set up the operations and expand exports.
India’s journey with SEZs has been began early after the independence.
As of March 31, 2024 India has over the 280 operational SEZs which is highlighting their importance in the economy.
Apart from Tata’s Semiconductor project the several other SEZs have been approved.
This shows the growing ecosystem of the semiconductor investments across the India.
Q. Which authority provides single-window clearance for SEZ approvals?
A. RBI
B. SEZ Board of Approval
C. GST Council
D. NITI Aayog
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