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Source: The post is based on the article “Cabinet approves modifications in Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India” published in PIB on 21st September 2022.
What is the News?
Government of India has approved several changes in an existing scheme named ‘Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India’.
What is the Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India?
What are the key modifications made under the scheme?
Semiconductor Labs: Aiming to boost semiconductor manufacturing in India, the government will provide uniform fiscal support of 50% of the project cost for setting up of semiconductor fabrication plants.
– The 50% incentive is applicable to semiconductor fabrication across the technology nodes as well as for compound semiconductors, packaging and related facilities.
Display Labs: Fiscal support of 50% of Project Cost will be provided under Scheme for Setting up of Display Fabs.
Note: Earlier, the Government had offered varying degrees of fiscal support to different categories for the development of semiconductors and the display manufacturing ecosystems in India. These ranged from 30-50%.
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