The Government of India has recently proposed a new semiconductor policy which was cleared by the Cabinet.
According to the notification, the government will provide up to 50% of the Project cost for two semiconductor and two display fabs in the country.
“The government may extend the benefits of Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme Up to 2.5% of the outlay of the scheme shall be earmarked for meeting the R&D, skill development and training requirements for the development of semiconductors and Semiconductor Fab(s) set up in India will be supported through purchase preference in procurement of electronic products by the Government under the Public Procurement (Preference to Make in India) Order 2017,” says the Government.
The Application window starts January 1 and will be open for 45 days. Support under the scheme shall be provided on pari-passu basis for six years.
The Centre on notified the semiconductor policy that aims to promote the manufacturing of semiconductor chips in the country.
The semiconductor scheme was cleared by the Cabinet last week and is in line with the National Policy on Electronics 2019 (NPE 2019).
One of the main strategies of NPE 2019 is to facilitate the setting up of semiconductor wafer fabrication facilities and its eco-system for the design and fabrication of chip components in the country.