Karnataka Gives a Policy Push to Semiconductor Industry [Video]

In a major push to establish itself as a semiconductor hub, the Karnataka government is encouraging corporate investments to reshape the technology sector. Earlier this week, the state approved an investment of ₹3,425.60 crore to set up the first electronics manufacturing cluster at Kochanahalli in Mysuru. The cluster aims to create 460 jobs in the district adjoining India’s Silicon Valley. 

The government has earmarked 234 acres of land in Kochanahalli for the development of an Electronics Manufacturing Cluster (EMC) and semiconductor units. This is among the first investments made after the International Semiconductor Consortium (ISMC), a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel’s Tower Semiconductor, promised to invest $3 billion in the state. 

This week, state commerce and industries minister MB Patil announced that the state-level committee has greenlit three new investment proposals and six more investment plans, amounting to ₹10,144.31 crore. Led by Karnataka chief minister …