India, June 7 -- IESA and SEMI has commended the Ministry of Commerce notification and the support of Ministry of Electronics & IT for introducing timely reforms to the SEZ framework tailored for the semiconductor and electronics components sector.

The relaxation of contiguous land area requirements-from 50 hectares to just 10 hectares-and allowing use of encumbered land are landmark steps. These reforms make it significantly easier for companies to establish facilities and scale production in India's high-tech manufacturing ecosystem. This will help the MSME and Start Up's to flourish further and boost chip, electronic manufacturing and also investor interest.

By liberalizing the policy and aligning it with the realities of land availa...