Micron to invest Rs 13,000 crore in Gujarat SEZ; Aequs to set up Rs 100 crore facility in Karnataka after govt reforms

Micron Semiconductor Technology India Pvt Ltd (MSTI) and Aequs Group have received approval from the government’s SEZ Board to establish Special Economic Zones (SEZs) focused on semiconductor and electronic component manufacturing in India.

Micron plans to develop a 37.64-hectare SEZ facility at Sanand, Gujarat, with an estimated investment of Rs 13,000 crore. Meanwhile, Aequs Group will set up an 11.55-hectare SEZ in Dharwad, Karnataka, investing Rs 100 crore to boost electronics component manufacturing.

These approvals come in the wake of reforms in SEZ regulations introduced by the government to boost high-tech manufacturing. The key amendments reduce the minimum contiguous land requirement for semiconductor or electronics SEZs from 50 hectares to 10 hectares, easing entry barriers and encouraging targeted investments.

Other reforms relax land encumbrance conditions and permit SEZ units in these sectors to supply domestically after payment of duties, broadening market access. The changes also allow inclusion of the value of free-of-cost goods in Net Foreign Exchange calculations, reflecting industry realities.