-Rajesh Mishra
Lucknow : Due to the new electronics manufacturing policy and the Center’s Production Linked Incentive (PLI) scheme, Uttar Pradesh is expected to make huge investments in the semiconductor sector. Uttar Pradesh is expected to invest 76000 crores in the next five years from the PLI scheme. People working in the IT sector believe that the new electronics manufacturing policy of Uttar Pradesh will entice the semiconductor industry. In the new Electronics Manufacturing Policy-2020 of the government, many concessions have been promised to the investors who set up the semiconductor industry in the state. Recently, the central government has approved the PLI scheme for the promotion of the semiconductor industry in the country.
This scheme will help in the design, manufacturing, packing and testing of microchips in the country and develop a complete ecosystem. With this scheme of the central government, there will be huge investment in the semiconductor industry in Uttar Pradesh.
big multinationals took the land
State IT department officials say that in the last five years, Uttar Pradesh is the only major state in the country, which has attracted huge investment in this sector. Under the new electronics manufacturing policy, large multinational companies have taken land for setting up electronics manufacturing sector and data centers in Noida.
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More than three lakh jobs created
Under the Electronics Manufacturing Policy-2017 of the State Government, the target of investment of Rs 20,000 crore has been achieved in three years by the investments made by about 30 investors in the state. More than three lakh jobs were created by this investment. After this, under the new UP Electronics Manufacturing Policy-2020 brought in August 2020, a target of investing Rs 40,000 crore and providing employment to four lakh people has been set in the next five years. Under this new policy, multinational companies like Microsoft, MAQ, Adani Group, Hiranandani Group, Netmagic Services, STT Private Limited and Agarwal Associate Limited have taken the initiative to set up data centers in Noida.
Central government approved the PLI scheme
Officials of the IT department say that many reputed companies from China, Taiwan and Korea have invested in the IT sector in the state. These companies will also take the initiative to invest in the semiconductor sector. This will be beneficial for them because all the electronic devices that are being made at present use semi-conductors. According to him, due to the Corona crisis, the business of manufacturing semi-conductors was in trouble and its imports from China decreased significantly. Due to this, the automobile and electronics manufacturing industry was badly affected. Taking cognizance of this, the Central Government approved the PLI scheme. Which will also benefit Uttar Pradesh. America, South Korea, China, Taiwan, Japan have taken this industry in their hands, the companies of these countries will invest in the semiconductor industry along with the major companies of the country. Big investors will invest for the establishment of semi-conductor industry in Uttar Pradesh already by the central government.