The government is expecting major investments under its plan to increase support for new semiconductor and display facilities. The current investment expectation is to the tune of at least $25 billion.
An outlay of Rs 76,000 crore was recently announced for the segment under the production-linked incentive scheme. The outlay is for the development of a semiconductor and display manufacturing electronics ecosystem in the country.
A report by the India Electronics & Semiconductor Association (IESA) and Counterpoint Research sees the semiconductor component market in the country touching $300 billion in cumulative revenues by 2026.
The Modi government is seeking to attract more big-ticket investments under a $10 billion incentive plan for chip and display production, aiming to make India a key player in the global supply chain. The government had previously agreed to cover between 30% and 50% of the cost of setting up new display and chip plants. It will also cover 50% of the capital expenditure required to set up semiconductor packaging facilities.
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