Lucknow: Uttar Pradesh is positioning itself as a major hub in India’s semiconductor manufacturing ambitions, with the HCL–Foxconn joint venture set to begin operations in 2027-28, said State IT and Electronics Minister Sunil Kumar Sharma.
The government has already allotted land for the project and will provide extensive infrastructure support, including uninterrupted power and water supply. The collaboration is being backed by the state with 60 per cent capital assistance.
Sharma highlighted that investor confidence in the state has significantly improved compared to the situation between 2002 and 2017, when concerns around law and order discouraged major investments. The minister asserted that governance reforms have ensured a business-friendly climate, with a renewed focus on local industry growth through initiatives such as the One District One Product model.
With the central government’s semiconductor policy viewed as supportive, Uttar Pradesh has indicated readiness to enhance incentives and infrastructure to attract large-scale chip and electronics investments.
Sharma also referenced the Tarq Semiconductor project valued at approximately Rs 27,000 crore, which received cabinet approval in 2024 and is currently awaiting clearance from the Centre.
Electronics manufacturing, IT and IT-enabled services are expected to play a key role in the state’s vision of becoming a $1 trillion economy.
