Madhya Pradesh Unveils Ambitious Semiconductor Policy

The Madhya Pradesh government has approved a semiconductor policy providing fiscal incentives, capital subsidies, and concessional benefits to promote semiconductor design and manufacturing. This initiative aims to create a robust ecosystem to attract investment and innovation across the semiconductor sector.

The Madhya Pradesh government has approved a comprehensive semiconductor policy designed to bolster chip design and manufacturing within the state.

The policy, known as the Madhya Pradesh Semiconductor Policy 2025, offers financial incentives including capital and interest subsidies, concessional land rates, and reduced electricity tariffs for fabrication and design facilities, fostering a supportive environment for investment.

Anticipating growing demand in sectors such as electronics and information technology, the policy also encourages partnerships between the public and private sectors and simplifies regulatory processes to minimize project delays and enhance the ease of doing business.

(With inputs from agencies.)