Rs. 76,000-cr. semiconductor manufacturing scheme gets Cabinet nod
The Hindu
It’s aimed at making India a global hub of electronic system design and manufacturing, says government
The Union Cabinet on Wednesday approved a Rs. 76,000 crore scheme to boost semiconductor and display manufacturing in the country, taking the total amount of incentives announced for the electronics sector to Rs. 2.30 lakh crore, a government statement said.
The comprehensive programme for the “development of sustainable semiconductor and display ecosystem in the country” was aimed at making India a global hub of electronic system design and manufacturing, the statement noted.
“The programme will usher in a new era in electronics manufacturing by providing a globally competitive incentive package to companies in semiconductors and display manufacturing as well as design,” the government stated.
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