UP CM Yogi Adityanath Highlights State's Electronics Industry Milestones at SEMICON India 2024
Team Finance Saathi
12/Sep/2024

What's Covered Under the Article:
UP's achievements in mobile phone production and electronics.
Key details of the UP-Semiconductor Policy 2024 and its incentives.
Overview of SEMICON India 2024 and its significance for the electronics industry.
At the inaugural session of SEMICON India 2024 in Noida, Uttar Pradesh Chief Minister Mr. Yogi Adityanath showcased the state's impressive strides in the electronics sector. Under his leadership and the guidance of Prime Minister Mr. Narendra Modi, Uttar Pradesh has emerged as a significant player in India’s electronics industry.
Achievements in Mobile Production and Semiconductors
Chief Minister Yogi Adityanath highlighted that Uttar Pradesh now accounts for over 55% of India's mobile phone production and more than 50% of mobile components. This achievement is a testament to the state's strategic focus on IT, semiconductors, data centers, and electronic manufacturing. Notably, Samsung's Noida facility, Asia's largest mobile manufacturing plant, has reinforced UP's position as a major player in the global electronics market. Additionally, Samsung’s investment in a new display unit plant further underscores the state’s attractiveness to leading global electronics firms.
UP-Semiconductor Policy 2024
In his address, Adityanath also introduced the UP-Semiconductor Policy 2024, which aims to bolster semiconductor investments by offering various incentives. These include capital subsidies, interest subvention, reductions in land value, stamp duty, and electricity charges. This policy is designed to make Uttar Pradesh a more appealing destination for semiconductor companies and technology investments.
Data Centres and Business Environment
The Chief Minister emphasized UP’s growing significance as a data center hub, reflecting its increasing role in the digital infrastructure landscape. Uttar Pradesh has also made remarkable progress in improving its business environment, securing a position among the top achievers in ease of doing business rankings. The state has granted industry status to the IT sector, further enhancing its investment potential. Moreover, more than 450 online services are now available through the Single Window 'Nivesh Mitra' platform, providing substantial support to entrepreneurs and investors.
SEMICON India 2024 Overview
SEMICON India 2024, held over three days, is a premier event that brings together global semiconductor leaders, experts, academia, and government officials. The event features over 250 exhibitors showcasing the latest advancements in semiconductors and electronics, highlighting India’s growing prominence in the global tech landscape.
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