approved a Rs 76,000-crore scheme for boosting semiconductor and display manufacturing in India.
This scheme was approved in order to position India as a global hub for hi-tech production, as well as to attract large chip makers.
It would also strengthen Indias ambitions to be self-reliant in electronics manufacturing and bring huge investments.
This move will generate 35,000 specialised jobs and indirect EMPLOYMENT for one lakh people.
Under the scheme, government has lined up incentives for companies engaged in silicon semiconductor fabs, compound semiconductors, display fabs, sensors fabs, silicon photonics, semiconductor packaging and semiconductor design. With the launch of this scheme, government expects investments of about Rs 1.7 lakh crore and 1.35 lakh jobs in upcoming four years.