The approved a Rs 76,000 crore scheme to increase semiconductor and display production in India on 15, December.
Highlights:
This plan was approved in order to promote India as a worldwide hub for high-tech manufacturing and to attract multinational chip manufacturers.
It would also boost India’s goal to become self-sufficient in electronics production by attracting significant Investment.
This initiative will result in the creation of 35,000 specialized jobs and one lakh indirect jobs.
This is crucial because, in the current geopolitical Environment, reliable suppliers of semiconductors and displays are critical.