Team Blitz India
NEW DELHI: In a serious attempt to make up for lost time in semiconductor manufacturing, the Indian Government has started a huge new package over and above the Rs 76,000-crore incentives already given out, according to a ToI report.
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.
“The new package will “in all likelihood be much bigger than the previous one”, the report said, adding that the announcement to this effect will be made after a new Government takes office.
This package is going to be one of the key agenda for the new Govt and it will be done on a priority basis, the report said citing sources. The sources also told the newspaper that many new proposals have come in for semiconductors.
