📊Executive Summary

Uttar Pradesh has approved a new incentive package to attract semiconductor investments of ₹30 billion or more, aiming to position itself as a key player in India's semiconductor ecosystem. The incentives include interest subsidies, GST exemptions, and capped power tariffs, which are designed to lower operational costs and enhance project viability. This initiative aligns with the national India Semiconductor Mission, which supports up to 50% of project costs. With over ₹320 billion in investment proposals currently under review, including from Tarq Semiconductors and Kaynes Semicon, this move could significantly impact semiconductor manufacturing in the region....