UP Cabinet Approves Incentives For INR 3,000+ Cr Semiconductor Investments

UP Cabinet Approves New Incentives to Attract Large Semiconductor Projects

The Uttar Pradesh Cabinet has approved a new incentive package for semiconductor projects with investments of ₹3,000 crore or more, offering subsidies, tax relief, and workforce support to attract global chipmakers. The Uttar Pradesh Cabinet’s decision on semiconductor incentives was formally briefed to the press by Finance and Parliamentary Affairs Minister Suresh Khanna after the Cabinet meeting chaired by CM Yogi Adityanath. Multiple outlets …

UP Cabinet Approves Incentives For INR 3,000+ Cr Semiconductor Investments

With an eye on expanding semiconductor investments in the state, the Uttar Pradesh cabinet has approved incentives for companies willing to invest INR 3,000 Cr or more.  After the cabinet meeting yesterday, chaired by chief minister Yogi Adityanath, finance minister Suresh Kumar Khanna said that 13 of the 14 proposals placed before the council of ministers were approved. He said that the incentives, which include interest subsidy, appliance cost…