Correct Answer : Gujarat
The Bhupendra Patel-led Gujarat government on Wednesday(27th july 2022) announced a dedicated ‘Gujarat Semiconductor Policy 2022-27’ with a view to generate at least 2,00,000 new employment opportunities during a period of five years. In addition, the state proposes to develop a special “Semicon City” which would be part of the Dholera Special Investment Region.
With this, Gujarat has become the first state in the country to have dedicated semiconductor policy. In the new policy the state government has decided to give heavy subsidies on power, land and water tariffs for entrepreneurs interested in investing in semiconductors or display fabrication manufacturing in the state.
According to a state government, the main objective of the policy is to make Gujarat a pioneer in developing the
Electronics System Design & Manufacturing (ESDM) ecosystem.
Eligible projects will get
75% subsidy on procurement of first 200 acres of land in the SIR, while additional land for upstream or downstream projects will get
50 % subsidy on land cost. Moreover, one-time reimbursement of
100% stamp-duty and registration fees paid to the government,
fixed water tariff at Rs 12 per cubic meter for five years and a
capital subsidy of 50% for desalination plants are the fiscal benefits under the new policy. Under the policy, the approved project will get an
electric subsidy of 2 per unit..
Source : Financial Express
