Overview

• On June 9, the SEZ Board approved proposals for Micron Semiconductor Technology India and Hubballi Durable Goods Cluster Pvt Ltd (Aequs Group) to establish zones dedicated to semiconductor and electronics component manufacturing.
• Micron will invest ₹13,000 crore to develop a 37.64-hectare SEZ facility in Sanand, Gujarat, targeting DRAM and NAND assembly and testing operations.
• Aequs will build an 11.55-hectare electronics component manufacturing hub in Dharwad, Karnataka, with a ₹100 crore investment.
• SEZ rule amendments notified on June 3 cut the minimum land requirement from 50 to 10 hectares, relax encumbrance conditions, and allow domestic sales after duty payment with free-of-cost supplies included in net foreign exchange calculations.
• Government officials contend that the combined reforms and approvals will bolster India’s semiconductor ecosystem and create new high-skilled jobs.