Four states giving 20-30% fiscal support for chip projects: IESA

At a time when the government is focusing on developing a semiconductor ecosystem in the country, four state governments – Gujarat, Odisha, Tamil Nadu, and Uttar Pradesh – have rolled out specific semiconductor policies.

These state governments are offering a fiscal support of 20-30% to the companies, along with other incentives for setting up semiconductor plants in their respective states, over and above the 50% fiscal support from the Central government, according to a report by India Electronics and Semiconductor Association (IESA).