Current Affairs - State - Discussion

Uttar Pradesh's cabinet has greenlit the semiconductor project, attracting significant investments from HCL Group (₹3,706 crore) and Hiranandani Group (₹28,440 crore). The project, spanning 50 acres, will receive a ₹7,037 crore subsidy and additional incentives from the state, subject to central government approval. This development is expected to boost Uttar Pradesh's economy, create jobs, and establish the state as a key player in India's electronics manufacturing sector. The project's location near Jewar Airport will also facilitate logistics and connectivity.