UP Semiconductor Policy, 2024
At a Glance
| Nodal Department / Agency | IT & Electronics Dept. / UPECL |
|---|---|
| Primary Target | Fabs, compound semiconductors, silicon photonics, sensors, ATMP/OSAT, design |
| Policy Group | Electronics, IT & digital |
Frequently Asked Questions
What is covered?
Semiconductor fabrication, compound semiconductors, silicon photonics, sensors, discrete semiconductors, and assembly, testing, marking and packaging (ATMP/OSAT) operations.
How does it link to the Central scheme?
Projects qualified under any of the schemes of the India Semiconductor Mission are eligible, and capex assistance is disbursed in accordance with the benefits provided by the Government of India.
What is the interest subsidy?
5% per annum on the rate of interest for units with investment up to ₹200 crore, capped at ₹1 crore per annum per unit for 7 years (maximum ₹7 crore per unit).
What land subsidy is available?
A 75% subsidy on the first 200 acres of land purchased from state agencies.
What other incentives apply?
Capital subsidy aligned to the Central benefit, stamp duty and electricity duty exemption, and power and water infrastructure support.
Are there Centres of Excellence?
The state's broader electronics strategy provides for Centres of Excellence for research, development and technological innovation.
Who are the nodal agencies?
UP Electronics Corporation Limited (UPECL) and Invest UP, both of which maintain dedicated semiconductor policy pages.
How does it relate to the other electronics policies?
It complements the Electronics Manufacturing Policy, the Electronics Component Manufacturing Policy, and the data centre and IT frameworks. A project should be placed in exactly one of these.
What is the honest position on outcomes?
Expressions of interest and investment proposals should not be presented to investors or the press as approved or operational projects. Consolidated official data on employment generated specifically under this policy is not published.
What downstream sectors benefit?
Mobile phones, consumer electronics, automotive, telecom, defence equipment and medical devices — several of which already have a base in this district.