Uttar Pradesh is making a bold push to become a cornerstone of India’s semiconductor ambitions, with a major joint venture between HCL and Foxconn projected to begin operations by 2027-28. This move is central to the state’s strategy to transform into a global electronics manufacturing powerhouse.
State IT and Electronics Minister Sunil Kumar Sharma, confirmed the progress stating that the UP government has already allocated land for the project and is offering substantial support, including 60% capital assistance and guaranteed provision of essential utilities like power and water.
Building a $1-Trillion Economy on Electronics
Minister Sharma positioned the electronics and semiconductor sector as a critical engine for UP’s ambitious goal of becoming a $1-trillion economy. The state is actively courting global tech giants, including Apple, and has already approved the ₹27,000 crore Tarq Semiconductor project, signaling a serious commitment to building a comprehensive tech ecosystem.
The HCL-Foxconn venture represents a significant milestone in India’s “Make in India” initiative for advanced electronics, aiming to reduce the country’s heavy reliance on imported chips and establish a domestic supply chain for critical components.
A Strategic Leap Forward
By securing such high-profile investments and providing robust infrastructural and financial support, Uttar Pradesh is strategically positioning itself to capture a large share of the future electronics manufacturing moving into India. If timelines hold the state could emerge as a leading semiconductor hub by the end of the decade creating thousands of skilled jobs and attracting a network of ancillary industries.