Uttar Pradesh’s First Semiconductor Park Coming To Greater Noida, State Approves 225 Acres Land For Three Companies

The first semiconductor park in Uttar Pradesh will be established in Greater Noida, near the upcoming Noida International Airport, as per News18 report.

The Uttar Pradesh government has approved three companies for these projects and allocated 225 acres of land in Sector 10 and Sector 28 for semiconductor manufacturing.

Arun Vir Singh, chief executive officer, Yamuna Development Authority (YEIDA), stated that 50 acres of land in Sector-10 have been allocated to Kaynes Semicon Private Limited and Vama Sundari Investments for setting up semiconductor units.

As per the report, Vama Sundari Investments plans to develop a semiconductor unit on 50 acres, which is expected to create employment for 13,780 people.

The facility will produce 2.40 lakh chips per month and will require 19 MW of electricity and 2,000 million litres of water per day.

All three companies are expected to invest between Rs 40,000 crore and Rs 80,000 crore in their respective areas. The approvals for these companies have now been forwarded to the central government.

Earlier this year, the state cabinet approved its semiconductor policy, which aims to incentivise investors, position UP as a key player in the semiconductor ecosystem, and support India's chip manufacturing efforts.

With this initiative, UP became the fourth state to implement a semiconductor policy, following Gujarat, Odisha, and Tamil Nadu.

According to Invest UP, the state's investment promotion agency, UP also received project proposals in July worth approximately Rs 40,038 crore, with its new policy focused on attracting global investments.