Uttar Pradesh [India], January 17 (ANI): In a high-level meeting on Wednesday, Chief Minister Yogi Adityanath reviewed the presentation based on the state's proposed Semiconductor Policy 2024 and issued necessary guidelines to the officials. The Chief Minister stated that semiconductor manufacturing is crucial for advancement in industries as well as efficiency expansion in devices like smartphones, computers, and medical equipment. It also promotes innovation in Artificial Intelligence, the
"Business-friendly policies, robust physical, social, and industrial infrastructure and a quality workforce have helped Gujarat achieve the feat of becoming a vibrant state for investments."
Yogi Uttar Pradesh Semiconductor Policy: Yogi said that there should be a provision for the disbursement of financial and non-financial incentives under Uttar Pradesh s policy for attracting global semiconductor investors.
As per a government release, the state s semiconductor policy aims to play a significant role in the global realignment of supply chains in the strategic sector and raise India s economic position.
Gujarat Semiconductor Policy: "These companies have shown their enthusiasm towards the research and development in semiconductor industries, assembly testing, packaging, and the manufacturing of critical components which are valuable for the semiconductor industry along with developing engineering/technology centres," it said.