GREATER NOIDA, August 8, 2024 – India’s semiconductor industry is poised for a significant boost as the Yamuna Expressway Industrial Development Authority (YEIDA) prepares to allocate 425 acres of land for semiconductor manufacturing units. This development comes as the central government’s approval for the project is expected soon, marking a crucial step in India’s technological advancement and economic growth.
YEIDA Plan for Semiconductor Industry Development
Dr. Arunvir Singh, CEO of YEIDA, revealed that five companies have submitted applications to the central government for setting up semiconductor units in the area. “We’ve issued letters of intent to these companies, agreeing to allocate land parcels,” Singh stated.
He emphasized that both central government and state government policies offer various subsidies and incentives for land allocation and development in the semiconductor industry sector.
Five Companies Poised to Establish Semiconductor Units
The Yamuna Authority has received requests for land from the following companies:
- India Semi System Pvt. Ltd.
- Tark Semiconductor Pvt. Ltd.
- Kens Semicon Pvt. Ltd.
- Auditex Semiconductor
- HCL (in partnership with Vama Sundari Invest India Pvt. Ltd.)
Among these, Vama Sundari Invest India Pvt. Ltd. and Tark Semiconductor Pvt. Ltd. have already completed the application review process and are expected to receive government approval soon.
Land Allocation by YEIDA
The Yamuna Authority has outlined the following land allocation details for the industry:
- Vama Sundari Invest India Pvt. Ltd.: 50 acres in Sector 10
- Tark Semiconductor Pvt. Ltd.: 125 acres in Sector 28
- India Semi System Pvt. Ltd.: 50 acres in Sector 10
- Kens Semicon Pvt. Ltd.: 50 acres (sector not specified)
- Auditex Semiconductor: 100 acres in Sector 10
Investment & Economic Impact on the Semiconductor Industry
The establishment of semiconductor manufacturing units requires substantial investment. Industry experts estimate that setting up a single semiconductor facility typically involves an investment ranging from ₹40,000 to ₹80,000 crores ($5.4 billion to $10.8 billion USD). This massive investment underscores the significance of the Yamuna Authority’s land allocation for India’s industrial development.
Dr. Arunvir Singh of YEIDA noted, “The semiconductor industry is a key focus for both the central and state governments. The subsidies and incentives offered reflect the importance of this sector for our economic growth.”
Challenges & Opportunities
While this development presents significant opportunities for the semiconductor industry in India, challenges remain. The global semiconductor market is highly competitive, with established players in countries like Taiwan, South Korea, and the United States. India’s semiconductor industry will need to ensure that these new facilities can compete on both quality and cost-effectiveness in the international market.
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