Micron Semiconductor Technology India Pvt Ltd (MSTI) and Hubballi Durable Goods Cluster Private Ltd (Aequs Group) have received approval to set up Special Economic Zone (SEZ) facilities for semiconductor and electronics component manufacturing. Micron’s facility will be located in Sanand, Gujarat, covering 37.64 hectares with an estimated investment of INR 130 billion. Aequs will establish its facility in Dharwad, Karnataka, over 11.55 hectares with an investment of INR 1 billion.
The approvals follow recent amendments to the SEZ Rules, 2006, which have reduced the minimum land requirement for semiconductor and electronics SEZs from 50 hectares to 10 hectares. The reforms also allow SEZ land to be mortgaged or leased to government agencies without breaching encumbrance conditions. Additional changes include the inclusion of goods supplied or received on a free-of-cost basis in Net Foreign Exchange calculations and permission for SEZ units in these sectors to supply to the Domestic Tariff Area after paying applicable duties.
These regulatory changes were notified by the Department of Commerce on 3 June 2025 and are aimed at facilitating capital-intensive investments in the semiconductor and electronics sectors.
Micron Semiconductor Technology India Pvt Ltd is engaged in semiconductor manufacturing, with operations focused on memory and storage solutions. Aequs Group specializes in manufacturing across various sectors including aerospace, consumer durable goods, and electronics components.
