India, Jan. 7 -- In a strategic move to deepen its foothold in India's emerging semiconductor ecosystem, the Uttar Pradesh cabinet has approved a set of targeted incentives for semiconductor companies willing to commit capital investments of Rs.3,000 crore or more in the state.

The policy framework, aimed at bolstering manufacturing and high-technology production, includes interest subsidies, employee cost support, 10-year GST exemptions, power tariff reliefs, and workforce-linked incentives - all designed to reduce operating costs and improve long-term project viability.

Under the new package, qualified investors can benefit from:

* Interest subsidies and GST exemptions for up to a decade;

* Reduced power tariffs capped at Rs.2 per u...