How is the Upcoming Semiconductor Plant in Gujarat Beneficial for Dholera?

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How is the Upcoming Semiconductor Plant in Gujarat Beneficial for Dholera?

22 Sep,2022 | Avirahi Group

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Since it was stated that the special investment area in Dholera, Gujarat, would be India’s first smart city with top-notch amenities and cutting-edge infrastructure, it has attracted attention. You could find that investing in Dholera SIR or buying land there would pay out handsomely in the long run. Because the price of residential projects in Dholera SIR is increasing daily, now is the ideal time to start investing in them so that you may gain afterwards. Since Dholera is India’s first smart city project, the real estate market there is currently expanding

THE SEMICONDUCTOR PLANT ANNOUNCEMENT

A few Sunrise Opportunities appearing in India were mentioned by Union Finance Minister Nirmala Sitharaman in her budget statement on February 1, 2022. Among other industries, the semiconductor sector and its ecosystem will help Indian industry become more productive and competitive on a worldwide scale. According to the Finance Minister, these industries have the potential to support widespread sustainable growth and modernise the nation.

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It has only been seven months since these words were spoken on the floor of the Parliament.

A joint venture between the world’s largest mining company, Vedanta, and Taiwanese electronics manufacturer Hon Hai Technology Group (also known as Foxconn) has announced plans to build India’s first semiconductor plant in Gujarat. On September 13, the Gujarat government and the Union Minister for Electronics and Information Technology, Ashwini Vaishnav, signed a Memorandum of Understanding (MoU) to this effectThe JV would gradually set up a semiconductor assembly and testing unit, a display production unit, and a semiconductor fabrication unit in the State

HOW WILL DHOLERA SIR BENEFIT FROM THIS PROJECT? Gujarat is renowned for its industrial prowess, and electronics and gadget clusters have organically grown in Morbi, Jamnagar, and Mundra in Saurashtra as well as in Dholera and areas of South Gujarat. The production of digital clocks and other electronic devices like calculators has flourished in Morbi. Notably, according to statistics from the State Level Bankers’ Committee (SLBC), Gujarat has over 7 lakh registered MSMEs in the industrial and service sectors, with a combined credit offtake of more than Rs 1.2 lakh crore.

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According to Anil Agarwal, the Chairman of the Vedanta Group, of the five to six States that offered incentives to build the plant, Gujarat demonstrated its commitment by making the necessary land available at a competitive price in addition to other incentives under the “Gujarat Semiconductor Policy,” which was introduced in July 2022

Soon after the announcement of the Semiconductor plant project, Dholera sir residential plots started to see a sharp rise because such a huge project in the special investment region will definitely catch the attention of the investors from all across the world whether for commercial or residential purposes

Tags: Gujarat Semiconductor Policy 2022-27, huge subsidies and incentives, upcoming plant in Gujarat, upcoming semiconductor plant in Gujarat

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