Kaynes Semicon Private Limited is executing the fiscal support agreement with the India Semiconductor Mission.
Khaitan & Co advised Kaynes Semicon on this transaction. The Firm assisted Kaynes Semicon in reviewing, revising, negotiating the fiscal support agreement executed with India Semiconductor Mission.
The core transaction team consisted of Sarthak Sarin (Partner), Kapish Mandhyan (Partner) and Riya Dutta (Principal Associate). They were supported by the following:
Dr Siddharth Srivastava (Partner) and Henna Vadhera (Counsel) assisted in reviewing and revising the financing documents forming part of the other transaction documents.
Nirupam Lodha (Partner), Malika Nandkeolyar (Senior Associate) and Toshani Mukherjee (Senior Associate) assisted in intellectual property aspects.
Pursuant to the agreement, the Government of India has agreed to extend fiscal support to Kaynes Semicon in setting up of the Outsourced Semiconductor Assembly and Test Facility in Sanand, Gujarat.
This strategic fiscal support from the Government of India reaffirms India's commitment to position itself as a key player in the global semiconductor ecosystem.
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