Yogi govt is set to establish Uttar Pradesh’s first semiconductor park near Noida International Airport

Lucknow/Greater Noida : The Yogi government, which has introduced the country’s first semiconductor policy, has taken yet another major step in this direction. As part of this initiative, the government is now set to establish Uttar Pradesh’s first semiconductor park near the upcoming Noida International Airport in Jewar, Greater Noida. The park will be developed across 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.

Notably, the Yogi government’s Semiconductor Policy, designed to encourage investment in the sector, is offering substantial incentives to further boost the establishment of semiconductor industries in the region.

Highlighting the key features of the semiconductor parks, the Yamuna Expressway Industrial Development Authority (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 a steady power supply. Investors will also benefit from multimodal connectivity, further enhancing the region’s appeal.

Located just 4 km from Noida International Airport, these clusters will offer exceptional logistical advantages. Cargo can be transported within minutes, and both investors and international buyers will have convenient access. Moreover, the upcoming Rapid Rail Transit System (RRTS) will further improve connectivity, with the DPR already approved by the Uttar Pradesh government.

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 the Delhi-Mumbai Expressway at the Yamuna Expressway will enhance connectivity with major cities.

Uttar Pradesh holds immense potential for semiconductor manufacturing, and the Yogi government is committed to fostering a semiconductor ecosystem to attract investors. The state’s first-ever Semiconductor Policy includes a 50% additional capital subsidy on top of the subsidy provided by the Government of India.

Investors in compound semiconductors, silicon photonics, sensors, ATMP, and OSAT are eligible for a 75% land rebate under the policy. Furthermore, the policy offers a 100% exemption on electricity duty for 10 years, along with a dual grid network for uninterrupted power supply.

Additionally, 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 crores).