The Indian government has approved SEZ proposals from Micron Technology and Aequs Limited to boost semiconductor and electronics manufacturing. Micron will invest INR 13,000 Cr in Gujarat for semiconductor manufacturing, while Aequs will invest INR 100 Cr in Karnataka for electronic components. Recent SEZ rule amendments, including reduced land requirements and eased restrictions, aim to catalyze industry growth. IESA’s Ashok Chandak welcomes these reforms. Micron’s $825 Mn investment in Sanand, supported by government incentives, will create 5,000 jobs. Aequs is preparing for a $200 Mn IPO.
India approves SEZ proposals from Micron & Aequs
