SME Times is powered by   
Search News
Just in:   • Equity indices break two-day losing streak on value buying  • IMF urges Sri Lanka to tighten monetary policy  • Global semiconductor sales to reach $676 bn this year: Gartner  • Tinna Rubber hits upper circuit, investors accumulate 900% returns in year  • Availability of jobs in Japan improves for 1st time in 3 yrs 
Last updated: 15 Dec, 2021  

Chips.9.Thmb.jpg Cabinet approves programme for semiconductor manufacturing

Chips.9.jpg
   Top Stories
» Net direct tax collection reaches highest-ever figure in FY 22
» Musk has to manufacture here to sell Tesla cars in India: Gadkari
» Round tripping of industrial inputs by large players unfavourable to local value chains
» Sitharaman engages investors in Silicon Valley
» Modi hails India's success in achieving target of $400 billion of exports
SME Times News Bureau | 15 Dec, 2021
The Centre on Wednesday approved a comprehensive programme for the development of sustainable semiconductor and display ecosystem in the country.

Accordingly, Union Cabinet took the decision to launch the programme that is expected to usher in a new era of electronics manufacturing by providing a globally competitive incentive package to companies in semiconductors and display manufacturing as well as design.

"This shall pave the way for India's technological leadership in these areas of strategic importance and economic self-reliance," the Cabinet said.

With the approval of the programme for development of semiconductors and display manufacturing ecosystem in India, an outlay of Rs 76,000 crore has been made.

Besides, the scheme has incentivised "every part of supply chain including electronic components, sub-assemblies, and finished goods".

"Incentive support to the tune of Rs 55,392 crore (7.5 billion USD) have been approved under PLI for Larges Scale Electronics Manufacturing, PLI for IT Hardware, SPECS Scheme and Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme."

"In addition, PLI incentives to the quantum of Rs 98,000 crore (USD 13 billion) are approved for allied sectors comprising of ACC battery, auto components, telecom & networking products, solar PV modules and white goods."
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 27 Apr, 2022
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter