Bimaru to boom state: UP will now have a chip on its shoulder
Uttar Pradesh, once called a bimaru (sick) state with low industrialisation, is on its way to become a boom state. As it strives to become an electronics hub, the state will now get a semiconductor plant too. The joint venture between Taiwan’s Foxconn and IT services major HCL Group has been allotted around thirty acres of land, near the upcoming Jewar airport in Uttar Pradesh’s Noida, to set up a semiconductor outsourced assembly and testing (OSAT) unit, said Et has reported based on information from sources.
Uttar Pradesh has received proposals for projects totalling around Rs 40,038 crore under its new policy to incentivise semiconductor manufacturing and attract global investments in the state, the government said in a statement in July. Among several proposals, it has so far considered Hiranandani group’s Tarq Semiconductor plant.
In fact, Uttar Pradesh has emerged as the only north Indian state actively vying for high-tech industrial projects which has traditionally been the mainstay of south Indian states. Uttar Pradesh has followed states Karnataka, Tamil Nadu and Gujarat to have a dedicated semiconductor policy.
Uttar Pradesh's ambitious industrialisation project
Foxconn-HCL chip plant is one of several recent investment proposals. In June, a Japanese conglomerate of 463 companies expressed interest for developing a next-generation industrial park in the state. Marubeni Corporation, the company headquartered in Tokyo, Marubeni has been engaged in the industrial park business in Asia since the 1980s and
