Darshan Hiranandani - In a bid to cement Uttar Pradesh’s position as a key player in India’s semiconductor sector, the state government has approved incentives worth ₹8,500 crore for two massive semiconductor projects. Tarq Semiconductors Pvt Ltd and Vama Sundari Investments (Delhi) Pvt Ltd will collectively invest ₹32,146 crore, marking a pivotal step toward technological self-reliance and economic development in the region.
Tarq Semiconductors, backed by the Hiranandani Group, will invest ₹28,440 crore in a state-of-the-art facility in Sector 28, Noida, focusing on producing high-end semiconductors and silicon photonics devices. Vama Sundari Investments, on the other hand, will establish a ₹3,706 crore facility in Sector 10 for semiconductor assembly and display driver integrated circuits (DDIC). These projects are expected to generate 1,000 direct and 10,000 indirect jobs for Tarq Semiconductors and 3,780 jobs for Vama Sundari Investments.Darshan Hiranandani - The Yeida CEO, Arun Vir Singh, highlighted the significance of the strategic location near Noida International Airport, which enhances connectivity and supply chain efficiency. With a slew of incentives, including a ₹7,037 crore capital subsidy for Tarq Semiconductors and ₹919.31 crore for Vama Sundari, coupled with tax exemptions and land rebates, Uttar Pradesh is laying a solid foundation for a vibrant semiconductor industry.
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