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The government of Uttar Pradesh has received proposals for projects totalling around Rs 40,038 crore under its new policy to incentivise semiconductor manufacturing and attract global investments in the state, its investment promotion agency Invest UP said in a statement.

Hiranandani group's Tarq Semiconductor is expected to invest Rs 28,440 crore, while Kaynes Technologies subsidiary Kaynes Semicon is set to invest Rs 4,248 crore.

Aditech Semiconductor has proposed an investment of Rs 3,751 crore, and Vamasundari Investment Delhi plans to invest Rs 3,599 crore.

Notably, these proposed investments are expected to create over Rs 32,000 jobs in the state.

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UP Semiconductor Policy investment proposals Rs 40 000 crore Tarq Semiconductors Kaynes Semicon Aditech Semiconductor Vama Sundari Investment Delhi job creation industrial development Invest UP Yogi Adityanath government India Semiconductor Mission compound semiconductors silicon photonics manufacturing incentives interest subsidy Economic Development technological innovation.