The Indian government has amended the special economic zones (SEZ) rules to boost semiconductors and electronics manufacturing in the country.
The minimum land requirement for setting up SEZ units has been reduced from 50 hectares to 10 hectares.
The relaxations will apply to various electronics and semiconductor-related products such as smart watches, earbuds, display modules, batteries, and mobile hardware components.
SEZs are now allowed to be set up on land that may be mortgaged or leased to the government agencies, instead of needing to be completely free from legal disputes or debt.