India, Jan. 7 -- Uttar Pradesh has taken a decisive step to strengthen its position in India's fast-evolving semiconductor landscape, with the state cabinet approving a comprehensive package of incentives aimed at attracting large-scale semiconductor investments of Rs.3,000 crore and above. The move signals the state's intent to transition from being a manufacturing base for electronics to a full-fledged semiconductor and deep-tech hub.

The newly approved framework is designed to significantly lower both capital and operating costs for investors. It includes long-term interest subsidies, GST exemptions for up to ten years, capped power tariffs of Rs.2 per unit for a defined period, concessional water charges, and employee-linked incentiv...