Gujarat’s Semiconductor Policy Drives Economic Growth
The Gujarat Semiconductor Policy 2022-2027, spearheaded by CM Bhupendra Patel, aims to position Gujarat as a leader in semiconductor manufacturing. Offering significant incentives, including subsidies on capital, land, and utilities, the policy has attracted investments worth Rs 1.24 lakh crore. Key projects include Micron’s assembly plant and Tata-Powerchip’s AI-enabled fabrication unit in Dholera. With an anticipated creation of 53,000 jobs, the policy aligns with India’s semiconductor ambitions under the India Semiconductor Mission. While promising economic growth, sustained execution and global competitiveness remain vital for long-term success.
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