Karnataka asks Centre to relax investment conditions on semiconductor policy

Karnataka has asked the central government to relax land and investment ceilings on regulations for setting up of semiconductor designing and manufacturing facilities.

“We have asked the centre to reduce the minimum land requirement from 40 acres to 10 acres which is mandatory to set up a semiconductor facility”, CN Ashwath Narayan, Minister of Science and Technology, and IT of Karnataka said to DH. He added that the minimum investment requirement should also be reduced from the current Rs 300 crore.

Further emphasising that the policy should not be just about manufacturing but equal weightage should also be given to designing as the former is a critical component of the entire process.