Vizag set to host A.P.’s first India Semiconductor Mission project

The Andhra Pradesh authorities has finalised the arrangements for its archetypal semiconductor task nether the India Semiconductor Mission (ISM). The groundbreaking ceremonial for the Outsourced Semiconductor Assembly and Test (OSAT) facility, projected by M/s. Advanced System In Package Technologies Private Limited, is scheduled for June 8.

The project, projected astatine Tarluvada colony of Anandapuram mandal successful Visakhapatnam district, envisages a full concern of ₹2,387.81 crore. The concern volition beryllium executed successful 2 phases. The archetypal signifier volition impact an outlay of ₹542.19 crore, followed by ₹1,845.61 crore successful the 2nd phase.

“To guarantee the accelerated grounding of this high-tech facility, the State authorities has approved the allotment of 30 acres of onshore to the steadfast astatine a nominal complaint of ₹1 per acre. This is simply a peculiar lawsuit and a maiden task sanctioned to the State nether the Union government’s India Semiconductor Mission,” a higher authoritative told The Hindu connected Wednesday (Jn

The task is expected to beryllium a large employment generator for the region, with plans to make 1,000 jobs—200 successful the archetypal signifier and 800 successful the consequent phase.

The authorities has extended peculiar incentives nether the Andhra Pradesh Semiconductor and Display Fab Policy (4.0) 2024-29. These incentives are capped astatine 40% of the task outgo and volition beryllium released connected a ‘pari-passu’ basis, aligned with the disbursement of the 50% assistance provided by the Union government.

Infrastructure push

The State authorities has directed the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) to oversee the improvement of indispensable outer infrastructure, including roads, power, and h2o supply, with costs to beryllium borne by the IT, Electronics and Communications (IT, E&C) Department.

The revenue, energy, and municipal medication & municipality improvement departments person been instructed to enactment successful tandem to guarantee the seamless execution of the project.

As per reports, this improvement marks a pivotal advancement for the section exertion sector, positioning the territory arsenic a cardinal node successful the country’s semiconductor manufacturing ecosystem.