Lucknow: Aiming to make the most of the semiconductor manufacturing bandwagon, the Uttar Pradesh govt has announced the development of a semiconductor park in Noida.
“The semiconductor park will come up near Jewar International Airport. The Yogi govt was the first in the state to come up with a semiconductor policy,” a govt spokesperson said on Tuesday.
“The park will be developed in Sectors 10 and 28 by the Yamuna Expressway Industrial Development Authority (YEIDA).This initiative aims to attract major chip manufacturing companies from both India and around the globe to set up operations in Uttar Pradesh. Additionally, it will generate significant employment opportunities for the youth of the state,” he said.
“UP’s Semiconductor Policy, designed to encourage investment in the sector, is offering substantial incentives to boost establishment of semiconductor industries in the region,” he said.
Highlighting key features of semiconductor parks, officials said that YEIDA has designated land for two semiconductor clusters. The first cluster spans 200 acres in Sector 10, while the second covers 125 acres in Sector 28.
To support these clusters, YEIDA will establish an 8 MLD water treatment plant and a 60 MLD sewage treatment plant. Additionally, 400/200/132 kV substations are planned to ensure steady power supply. Investors will also benefit from multimodal connectivity.
“These clusters will offer exceptional logistical advantages. Cargo can be transported within minutes, and both investors and international buyers will have convenient access,” the spokesperson said.
“Upcoming Rapid Rail Transit System (RRTS) will further improve connectivity, with the DPR already approved by UP govt,” he said.
“A high-speed rail line between Delhi and Varanasi, with a station at Noida Airport, is also in the works. Additionally, the recently built interchange on Delhi-Mumbai Expressway at the Yamuna Expressway will enhance connectivity with major cities,” the spokesperson added.
He said that the semiconductor policy included a 50% additional capital subsidy on top of the subsidy provided by the central govt.
The policy also offers a 100% exemption on electricity duty for 10 years, along with a dual grid network for uninterrupted power supply.
“The policy includes a 50% exemption on inter-state power purchase, transmission, and wheeling charges for 25 years. It also offers a 100% exemption on stamp duty and registration fees, along with an annual interest subsidy of 5% (up to a maximum of Rs 7 crore),” the spokesperson said.