Uttar Pradesh Semiconductor Policy 2024

Apr 08, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Government of Uttar Pradesh on February 12, 2024, issued the Uttar Pradesh Semiconductor Policy 2024.

The following has been stated:

• Vision

To establish Uttar Pradesh as the preferred destination for the semiconductor industry by offering globally competitive infrastructure and a favourable policy environment for cultivating semiconductor manufacturing as an important growth driver for Uttar Pradesh through effective use of skilled force, adapting innovation and emerging technologies leading to all-round sustainable ecosystem thereby contributing towards the overall growth of the economy of the state & nation.

• Objective of the Policy

o Establishing a robust semiconductor manufacturing ecosystem in Uttar Pradesh. poised to drive the state's economic growth, foster innovation, generate substantial employment opportunities, and enhance India’s self-reliance in a strategically significant domain.

o Developing cutting-edge infrastructure equipped with advanced design and testing tools, facilitating collaborative endeavours among start-ups, corporations, and educational institutions to unlock their maximum potential.

o Cultivating a supportive fabless ecosystem within the state, with a focus on targeting chip design enterprises and start-ups.

o Establishing strong connections between industry and academia to nurture a skilled talent pool, achieved through curriculum enhancements, regular updates to electronics education, and the facilitation of skill-building workshops major through the state's Skill Development Mission.

o Paving the way for an environment conducive to potential fabrication unit establishments in the medium to long term, while emphasizing higher value addition in semiconductor design and manufacturing processes.


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