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Budget For Semiconductors: “The new package would be one of the key agendas for the new govt and will be taken up on a priority basis,” one of the sources said, pointing out that new proposals that are coming in for semiconductors necessitate a fresh package.
The 76,000-crore incentive package was launched in December 2021 to support companies making semiconductors and investing in them. That amount has been nearly exhausted, necessitating a fresh boost for India's big chip plan. And indications are that the coming plan will likely be much bigger in scale.
Budget For Semiconductors: India, which had previously failed to get any credible proposals for semiconductor manufacturing after trying for decades, finally managed to score big after American Micron emerged as the first major player to enter the space with a INR 22,500-crore testing and packaging unit in Gujarat in June last year.
India Business News: NEW DELHI: Government is looking at rolling out a fresh multi-billion-dollar incentive package for semiconductor companies after nearly exhausting the.
India has commissioned four semiconductor manufacturing units and in the next five years, the country will become one of the biggest semiconductor hubs in the world, Union Railways and IT Minister Ashwini Vaishnaw has said.In a wide-ranging ...