CrackitToday App

Gujarat Semiconductor Policy 2022-2027

Gujarat Semiconductor Policy 2022-2027:

Aligning with the vision for a developed India by 2047, the Gujarat government has introduced the Gujarat Semiconductor Policy 2022-2027 to position Gujarat as a leader in semiconductor manufacturing.

  • The Gujarat government has introduced India’s first ‘Gujarat Semiconductor Policy 2022-2027.
  • In Dholera’s emerging ‘Semicon City,’ Tata Electronics Private Limited (TEPL) and Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) are establishing India’s first AI-enabled semiconductor fabrication facility with an investment exceeding Rs 91,000 crore.
  • Dholera, is being developed as India’s first Greenfield Smart City.

India Semiconductor Mission (ISM):

  • Launch: Initiated in 2021 under the Ministry of Electronics and IT (MeitY) with a budget of Rs. 76,000 crores.
  • Objective: Develop a robust semiconductor and display manufacturing ecosystem in India.
  • Financial support: Provides incentives for companies investing in semiconductor and display manufacturing, and design capabilities.
  • Focus on IP and Technology Transfer: Encourages the creation of indigenous Intellectual Property (IP) and supports the Transfer of Technologies (ToT).