Archive · 9 Jun 2025
Govt. Announces SEZ Reforms, Micron to Invest in Chip Manufacturing
The government is changing the rules for Special Economic Zones (SEZs) to encourage companies making semiconductors and electronic components.
These changes make it easier for companies to build factories and import materials.
Micron will invest a large sum in Gujarat to create a semiconductor factory.
Another company, Aequs Group, will also establish a factory in Karnataka.
The changes include lower land requirements and adjustments in how money is calculated to help boost investment and jobs in high-tech manufacturing.
Government announced SEZ rule reforms focused on semiconductors and electronics.
Micron to invest Rs 13,000 crore in Gujarat for a semiconductor SEZ.
Aequs Group will establish an electronics component SEZ in Karnataka.
Minimum land requirements for semiconductor SEZs are reduced.
Reforms include adjustments to Net Foreign Exchange calculations.
- Who
- Commerce Ministry and Central Government
- What
- Policy relaxations for SEZs to boost semiconductor and electronics component manufacturing.
- When
- Announced on Monday.
- Where
- India
- Why
- To boost high-tech manufacturing, spur growth of semiconductor manufacturing ecosystem and create high skilled jobs.
- Key Investment
- Micron to invest Rs 13,000 crore in Gujarat.
- Additional Investment
- Aequs Group to invest in Karnataka.
- Key Reform
- Minimum contiguous land requirement reduced from 50 to 10 hectares.
- Additional Reform
- Rule 7 amended for land encumbrance.
- Another Reform
- Rule 53 modified to include free goods value in Net Foreign Exchange calculations.
- Further Reform
- Rule 18 amended to allow SEZ units to sell goods in the domestic tariff area after paying duties.
