Friday, 24 March, 2023

Cabinet approves Rs 76,000 Cr semiconductor incentive scheme

<p>The Indian government has approved a Rs 76,000 Cr incentive scheme for semiconductors, paving the way for the establishment of 20+ semiconductor design, component manufacturing, and display fab units over the next six years. The government&#39;s target includes one to two fab units for displays, ten units for designing and manufacturing components. This is part of the government&#39;s effort to turn India into an electronics hub.<br /> &nbsp;</p>