Cupboard clears Rs 76,000-crore incentive scheme for semiconductors


The Cupboard cleared the Rs 76,000-cr incentive scheme for semiconductors right this moment. Beneath this scheme, India will arrange greater than 20 semiconductor design, elements manufacturing and show fabrication (fab) items over the subsequent six years.

That is a part of Modi authorities’s bid to make the nation a hub for electronics.

Semiconductors are used for making a variety of merchandise starting from automobiles to telephones. In latest instances, their provide has been severely disrupted owing to a bunch of causes, inflicting a disaster in a numbers of industries together with vehicles and devices.

The brand new semiconductor coverage will assist deepen India’s manufacturing base, a senior authorities official had informed ET previous to the approval.

The federal government’s goal contains one to 2 fab items for shows, and 10 items every for designing and manufacturing elements.

The ministry of electronics & IT (MeitY) will now work out the granular particulars and invite purposes.

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