India, June 9 -- Days after the Centre amended the rules for special economic zones (SEZ) to boost semiconductor and electronics manufacturing in the country, the Union government has approved the proposals of US-based Micron Semiconductor and Bengaluru-based Aequs to set up SEZs for the same.

While the US-based semiconductor company will invest INR 13,000 Cr to set up a SEZ facility across 37.6 hectares in Gujarat's Sanand for manufacturing semiconductors, Aequswill invest INR 100 Cr for a SEZ built across 11.6 hectares in Karnataka's Dharwad to manufacture electronic components, the commerce ministry said.

"The board of approval for SEZs has accorded approval to the proposals received from Micron Semiconductor and Aequs Group for sett...