Karnataka Semiconductor Policy-2010
Department of IT,BT and Science & Technology, Government of Karnataka has launched the “Karnataka Semiconductor Policy 2010” to give an impetus to the growth of semiconductor industries in the State.
The focus of the policy is to attract manufacturing related investments by focusing on 3 key activities-promote Karnataka as semiconductor design hub, attract investments in high tech semiconductor manufacturing, promote generation and use of green energy(specifically solar energy) and focus on manpower development.
To encourage innovation and R&D in chip design, product development, telecom etc., Government will set up a ‘Karnataka Fund for Semiconductor Excellence’ of  10 crores. It will be available to private companies covering up to 50 percent of their R&D expenses, subject to limit of 10 lakhs per unit.
The State will provide additional amount 25 crore, towards 26 percent contribution to ‘KITVEN IT Fund’ for raising funds from market to assist start up semiconductor units engaged in design and embedded software. It will provide financial assistance to firms for filling, IP and investment promotion subsidy for setting up of semiconductor units in tier-2 cities including Mysore, Mangalore, Hubli in accordance with Karnataka Industrial Policy 2009-14. |
