Govt clears Rs 76,000 crore scheme to boost semiconductor, display manufacturing
India Today
The move, said Union Minister Ashwini Vaishnaw, would boost the development of a complete semiconductor ecosystem, ranging from design, fabrication, packaging, and testing.
The government on Wednesday approved a Rs 76,000-crore scheme to boost semiconductor and display manufacturing in the country in an bid to position India as a global hub for hi-tech production, and attract large chip makers. 1) Investment support for setting up silicon, display, and compound semiconductor fabs 2) DLI ( Design Linked Incentive) for Design and innovation#Semiconductor #MakeInIndia pic.twitter.com/Ukbc6QErJK
The move would further India's ambitions to be self-reliant in electronics manufacturing, bring massive investments and result in 35,000 specialised jobs apart from indirect employment for one lakh people.
