India’s ₹1.5 Lakh Crore Bet on Semiconductor Industry: Greater Noida at the Heart of the Silicon Dreams (SEMICON 2024)
“When the chips are down, you can bet on India." – PM Modi at SEMICON India, 11th Sept 2024
India is making waves in the global tech scene, and Uttar Pradesh is at the forefront with a bold new step — the establishment of the first semiconductor park, near the Noida International Airport. Backed by the vision of Prime Minister Narendra Modi, this initiative is poised to transform the region into a high-tech manufacturing hub, offering massive real estate opportunities for investors and companies alike.
With the Uttar Pradesh government already allocating 225 acres of land, this semiconductor park will host three major global companies:
- Kaynes Semicon Private Limited
- Vama Sundari Investments
- Turck Holding GmbH
The combined investment?
A staggering ₹80,000 crore! These companies are setting up shop in Sectors 10 and 28, of YEIDA marking the area as the future of India's tech-driven economy.
But it’s not just about making chips. With over 13,000 jobs and the demand for 19 MW of electricity and 2,000 MLD of water projected at Vama Sundari alone, this development is going to spur enormous growth in infrastructure, residential, and commercial real estate around the Noida International Airport and Yamuna Expressway. This surge in demand is why real estate investments are going to have profitable future in the region.
Prime Minister's Words!
During the inauguration of SEMICON 2024, PM Modi said, “This is the right time to be in India. You are at the right place at the right time. Our dream is to have Indian-made Chip in every device of the world.” As per news reports, PM Modi further said India is committing over ₹1.5 lakh crore in semiconductor manufacturing and creating an ecosystem of stable policies and ease of doing business. The Noida Semiconductor Park is at the Center of this booming tech revolution.
Real Estate Investor's Should Keep Their Eyes Peeled
The demand for real estate around this high-tech hub is only going to rise, with a flood of new infrastructure and employment opportunities in tow. Investors looking for growth and stability will find Greater Noida’s real estate market to be the perfect match for India’s push toward technological self-reliance. As these projects unfold, now is the time to secure your stake in the future of India's Semiconductor Revolution.
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