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India is competing with some of its key allies – the US and Europe – to attract chipmakers, and is offering a 50 per cent capital expenditure subsidy to successful applicants at the central level under its $10 billion incentive scheme, with state governments sweetening the deal further at their own end.
What the numbers say about the Indian economy, markets, Life, the Universe and Everything
Barring two companies – Balrampur Chini Mills and Shree Cement – rest of the stocks have given atleast double-digit returns so far in the current financial year.
UP On Semiconductors: “India’s aspiration to become the world’s third superpower hinges on the nation’s semiconductor prowess. Aware of the opportunity in this goal, UP is working towards realising this vision with a sense of urgency,” an official spokesperson said on Wednesday.
Currently, over 12 large projects are under discussion between investors and government as per information available in public domain.