Ashwini Vaishnaw Explains PLI Scheme For Semiconductor Ecosystem Development In India

Описание: In a pathbreaking move that aims to propel India as a hub for electronics, the Modi government approved a ₹76000 crores (approximately $10 billion) incentive package towards setting up over 20 semiconductor designs, components manufacturing, and display fabrication (fab) units over the next six years.

The government said that the incentive package for semiconductor ecosystem will help usher in a new era in electronics manufacturing by providing a globally competitive incentive package to companies in semiconductors and display manufacturing as well as design.

With the approval of the programme for development of semiconductors and display manufacturing ecosystem in India with an outlay of Rs.76,000 crore $10 billion), Government of India has announced incentives for 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) 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 ($13 billion) are approved for allied sectors comprising of ACC battery, auto components, telecom & networking products, solar PV modules and white goods.

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