Electronic chip makers will get free land and buildings for setting up plants worth about Rs. 3,000 crores in Madhya Pradesh, a senior state government official said in Bengaluru.
"Happy to announce that Madhya Pradesh government has approved Analog Semiconductor Fab Policy. Minimum investment under this policy has to be about Rs. 3,000 crores. State government will provide free land and reimburse cost of shell (plant building) as well," MP Science and Technology Secretary Hari Ranjan Rao told PTI.
Madhya Pradesh is the first state to come up with an electronic chip plant specific policy.The secretary was in Bengaluru to attend the IESA Vision Summit.The analog semiconductors are used in all kind of electronic products to connect various components inside them, such as connecting touchscreens with circuits, monitoring mobile phone battery power etc.
Rao said that government has identified 4-5 different locations with 200 acres of contiguous land for establishing semiconductor clusters in the state.The land will be given for 50 years and will be extended further based on business case.
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