India, Jan. 6 -- The Uttar Pradesh cabinet has approved a set of targeted incentives for semiconductor companies committing capital investments of Rs 3,000 crore or more, signalling a renewed effort to strengthen the state's position within India's evolving semiconductor ecosystem. The measures are intended to support manufacturing and high-technology production by easing operating costs and improving the long-term viability of large-scale projects.

The incentive framework offers a combination of fiscal and operational support, including interest subsidies, long-term GST exemptions, power tariff relief, employee cost reimbursements and workforce-linked incentives. Eligible investors can access interest subsidies and GST exemptions for up...