New Student Offer - Use Code HELLO

Register Now

Gujarat government announces 'Semiconductor Policy'

Published on July 28, 2022
Current Context: Gujarat government announced the "Gujarat Semiconductor Policy 2022-2027" to attract investments in the Chip manufacturing sector.
Gujarat government announces 'Semiconductor Policy'
  • Gujarat becomes the first state in the country to have a dedicated policy to support the semiconductor and display manufacturing sector.
  • According to Minister of Science and technology Jitu Vaghani, this policy will create at least 2 lakh job opportunities in a period of five years.
  • This policy is under the Union government's India Semiconductor Mission(ISM) which has an outlay of Rs 76,000 crore.
  • Projects approved by the Indian semiconductor mission (ISM), in addition to assistance provided by the union government of India, additional assistance of 40 percent of capital assistance provided by the government of India will be provided by the Gujarat government.
  • The state government under this policy is aiming to develop 'Dholera Semicon City' in Dholera Special Investment Region (Dholera SIR). Eligible projects will get a 75% subsidy on the purchase of the first 200 acres of land while additional land for upstream or downstream projects will get a 50% subsidy.
  • Quality water at the rate of Rs 12 per cubic meter will be provided to eligible projects for the first five years and for the next five years it will be increased at the rate of 10 percent on a year-on-year basis. A power subsidy of Rs 2 per unit will be provided to all eligible projects and will get an exemption from paying electricity duty.
  • Eligible projects will get one-time reimbursement of 100% stamp duty and registration fee paid to the government by eligible projects for lease, sale, or transfer of land for the purpose of the project.
  • Static Knowledge:
    • CM of Gujarat - Bhupendra Patel
    • Governor of Gujarat - Acharya Devvrat

Question: 

Q.1 Which state government has announced a semiconductor policy to attract investments in the semiconductor chip manufacturing sector?
a. Gujarat
b. Rajasthan
c. Odisha
d. Haryana
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu