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The policy also includes provisions for providing financial incentives to industries and a subsidy of 75 percent on land up to 200 acres in the form of land subsidy, he added. 

The Yogi cabinet, in a meeting held at Lok Bhavan under the chairmanship of Chief Minister Yogi Adityanath, gave its nod to 8 important proposals. This includes the much-awaited Semi Conductor Policy 2024, along with an increase in sugarcane prices, providing a significant benefit to sugarcane farmers. In addition, approval has been given for three…

Emphasizing the need for a robust semiconductor manufacturing ecosystem in Uttar Pradesh, the Chief Minister said, "It would not only contribute to the states economic growth and innovation but also create substantial employment opportunities, enhancing self-reliance in strategically important areas."

Get latest articles and stories on India at LatestLY. The Uttar Pradesh Cabinet on Thursday gave its approval to the state's own semiconductor policy which aims to attract investments in the sector and aid the country's push towards chip manufacturing. India News | Uttar Pradesh Cabinet Approves State's Semiconductor Policy.

Semiconductor Policy: Enterprises investing in semiconductor manufacturing units will receive Rs 80,000 crore from the Centre, with the state government contributing 75 per cent of this amount, he said.