Cabinet approves modifications in PLI scheme for semiconductors manufacturing - New Delhi News
by IANS | Updated Sep 21, 2022
Under the modified programme, a uniform fiscal support of 50 per cent of project cost shall be provided across all technology nodes for setting up of semiconductor fabs.
Considering the niche technology and nature of compound semiconductors and advanced packaging, the modified programme shall also provide fiscal support of 50 per cent of capital expenditure in equal mode for setting up of compound semiconductors, silicon photonics, sensors, and discrete semiconductors fabs.
The programme has attracted many global semiconductor players for setting up fabs in India, official sources said, adding that the modified programme will expedite investments in semiconductor and display manufacturing in India.
On the basis of discussion with potential investors, it is expected that work on setting up of the first semiconductor facility will commence soon, they added.
The changes in the scheme will help India become self-reliant in semiconductor manufacturing and enable it to meet the growing demand.
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