CORPORATE
Government’s nod for Micron Semiconductor’s Rs 13,000-crore SEZ in Sanand
- IBJ Bureau
- Jun 10, 2025
The government has approved Micron Semiconductor’s Rs 13,000-crore proposal to set up its special economic zone (SEZ) facility in Sanand in Gujarat.
Micron will establish its SEZ facility over an area of 37.64 hectares, a statement by the Ministry of Commerce and Industry has said.
The approval for the proposal follow changes in SEZ rules on June 3 which provides a special dispensation to address the specialised needs of semiconductor and electronics component manufacturing sectors which are highly capital intensive, import dependent and involve longer gestation period.
After amendments in the rules, an SEZ set up exclusively for the manufacturing of semiconductors or electronics components will require a minimum contiguous land area of only 10 hectares, reduced from the earlier requirement of 50 hectares.
Other amendments allow the Board of Approval for SEZs to relax the condition requiring SEZ land to be encumbrance-free in cases where it is mortgaged or leased to the Central or State government or their authorised agencies.
The amended rules will allow the value of goods received and supplied on a free-of-cost basis to be included in net foreign exchange (NFE) calculations and assessed using applicable customs valuation rules.
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