Ahmedabad: The Gujarat authorities on Wednesday introduced a devoted coverage to draw new funding within the semiconductor sector by providing incentives and subsidies to start out operations within the state. Chief Minister Bhupendra Patel unveiled the ‘Gujarat Semiconductor Policy’, will stay in drive until 2027, state Science and Know-how Minister Jitu Vaghani stated in an announcement.
Beneath the coverage, the state authorities will arrange ‘Dholera Semicon Metropolis’ close to Ahmedabad the place eligible initiatives can be given subsidy for establishing manufacturing items, the discharge stated.
Gujarat has now turn into the primary state within the nation to have a devoted coverage for the semiconductor and show manufacturing sector, the minister claimed.
“The coverage has been designed according to the Centre’s India Semiconductor Mission. We count on that our coverage would generate two lakh new jobs within the semiconductor sector in the course of the subsequent 5 years within the state,” Vaghani stated.
Beneath the coverage, the state authorities will arrange ‘Dholera Semicon Metropolis’ within the Dholera Particular Funding Area close to Ahmedabad.
On the facility, eligible initiatives can be given 75 per cent subsidy on buy of first 200 acres of land for establishing manufacturing items.
The eligible initiatives can be offered good high quality water on the fee of Rs 12 per cubic meter for the primary 5 years, the discharge stated.
The eligible manufacturing items would additionally get energy tariff subsidy of Rs 2 per unit for the primary 10 years of going into manufacturing, it stated, including that such initiatives can be exempted from paying any electrical energy obligation.
To encourage buyers below the coverage, the state authorities has additionally introduced to reimburse 100 per cent of stamp obligation which buyers would pay for the primary time for taking land on lease or on land switch.
To take away bottlenecks and supply fast clearances to buyers, the state authorities will set up a single window mechanism to offer all the required approvals from one place, the discharge stated.