Lucknow: The Yogi government, which is trying to make Uttar Pradesh a one trillion dollar economy, is continuously making efforts to make Uttar Pradesh a hub of semiconductor manufacturing. In this sequence, Uttar Pradesh is going to host Semicon India 2024 at India Expo Mart in Greater Noida from September 11 to 13. Along with Semicon, Electronica India 2024 and Productronica India 2024 are also being organized. CM Yogi himself is ensuring the participation of Uttar Pradesh as the host state in these programs. The opening ceremony of Semicon India 2024 will be held in the presence of PM Narendra Modi on Wednesday. CM Yogi Adityanath will also be present in the program. He will participate in one-to-one programs with investors in two sessions in the event. Along with this, the Work Force Pavilion Development Pavilion will also be inaugurated by him. It is noteworthy that 255 representatives from 17 countries are participating in Semicon India 2024. In this, the giants of countries like America, Japan and South Korea including India are prominent. India is an emerging player in the global semiconductor industry and Uttar Pradesh has immense potential in this field. In such a situation, focusing on these factors in the event, various industries including chip manufacturing will be attracted to invest in the state. It is noteworthy that due to this event being held just before the UP Trade Show 2024, Brand UP will be promoted and spread on a large scale on the global stage.
The focus will be on the infinite possibilities of Uttar Pradesh
Under Semicon India 2024, an exhibition will be organized from 10 am to 6 pm on all three days from September 11 to 13, in which semiconductor manufacturers from all over the world will set up their stalls. On the first day at 11 am, Prime Minister Modi will inaugurate SEMICON India. After this, smart manufacturing, workshops will be organized. A presentation will also be made on the semiconductor ecosystem in India. On the second day, cross-regional partnerships, flexible hybrid electronics, supply chain management, mighty industry-academia workshops and sustainability sessions will be organized. On the last day, September 13, there will be a presentation by Micron on package manufacturing bootcamp, IESA on the journey of semiconductors so far. ISA will also introduce semiconductor fabrication. The IT and Electronics Department of the Government of Uttar Pradesh and UP Electronics Corporation Limited (UPLC) working under the Uttar Pradesh government are participating in the program. The department is also setting up and operating a pavilion spread over an area of 145 square meters, which will register the presence of the state as well as promote sector-favoring policies in the field of electronics, semiconductors and chip manufacturing. Also, meetings with investors will be organized here and CM Yogi will also participate in two such sessions on Wednesday.
The path will be paved for the development of the ecosystem
The Semicon India Exhibition and Conference will be held along with Electronica India and Productronica India, which are among the largest electronics industry fairs in Southeast Asia. More than 24 thousand representatives from more than 200 companies have participated in various editions of Semicon India so far. Like all other Semicon expositions, Semicon India will also offer comprehensive exhibitions, informative programs, and unique networking opportunities. It will see the arrival of various domestic and foreign companies, who will meet local leaders and government officials here and look at India’s growing semiconductor ecosystem so that they can get new opportunities to expand their business. To advance technological development in the country and meet domestic demand, the India Semiconductor Mission (an initiative of the Ministry of Electronics and Information Technology) has attracted big companies like AMD, Applied Materials, and Micron Technology to invest in its chip sector. SEMI and Messe Muenchen India are partnering with the Electronic Industries Association of India-ELCINA for this program to help develop India’s semiconductor industry. It is estimated that the chip market of this region will exceed $ 55 billion by 2026. In such a situation, the Uttar Pradesh government is also inviting semiconductor industries given the possibilities in this sector.
Uttar Pradesh is suitable for semiconductor and electronic manufacturing because…
– Uttar Pradesh has immense potential for semiconductor manufacturing and the Yogi government has emphasized creating a semiconductor ecosystem to encourage investors to invest in this sector.
– For this, the state has implemented a semiconductor policy for the first time.
– Under the UP Semiconductor Policy, a provision of 50 percent additional capital subsidy has been made on the capital subsidy approved by the Government of India.
– Apart from this, the policy has also provided a land rebate of 75% for compound semiconductors/silicon photonics/sensors / ATMP / OSAT.
– Along with a dual grid network,100 percent exemption is being provided in electricity duty for 10 years. – Apart from this, provision has also been made for 50 percent exemption on inter-state power purchase, transmission, and wheeling charges for 25 years, 100 percent exemption on stamp duty and registration fees and 5 percent interest subsidy per year (maximum Rs 7 crore).
-The Electronics Manufacturing Policy was brought by Uttar Pradesh in the year 2020, through which provisions have been made to promote the electronics industry in the state, establishment of electronic clusters, and other benefits including subsidy on the development of EMC structure.
-Uttar Pradesh is a state that has its own FDI policy and through this, it ensures a means of providing incentives along with providing patronage to investors.