State to come out with semiconductor policy
The Hindu
As part of a plan to attract semiconductor-based start-ups in the State, the government will shortly come out with a semiconductor policy, a first of its kind in the country, Minister of Large and Med
As part of a plan to attract semiconductor-based start-ups in the State, the government will shortly come out with a semiconductor policy, a first of its kind in the country, Minister of Large and Medium Industries Murugesh Nirani has said.
Addressing a meeting of office-bearers of the BJP in the city on Sunday, he said that the policy will be designed to attract companies, especially start-ups, in the field of semiconductors by offering incentives and concessions.
“Once the policy is up for implementation, many small and big companies will come and invest in the State. These investments are expected to generate over one lakh new jobs. We have a plan to ensure that a major portion of the investments comes to Kalaburagi. As Bengaluru has developed into India’s silicon valley, Kalaburagi will become India’s semiconductor city,” Mr. Nirani said.
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