{"id":4302,"date":"2024-06-14T00:26:07","date_gmt":"2024-06-14T00:26:07","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=4302"},"modified":"2024-06-14T00:26:07","modified_gmt":"2024-06-14T00:26:07","slug":"india-to-offer-more-incentives-for-local-chip-displaymanufacturing","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/india-to-offer-more-incentives-for-local-chip-displaymanufacturing\/","title":{"rendered":"India to offer more incentives for local chip, display\nmanufacturing"},"content":{"rendered":"

India’s government on Wednesday raised fiscal support for new semiconductor facilities to cover 50% of project costs and said it will remove a ceiling for maximum permitted for display manufacturing as it moves to boost local production.<\/p>\n

The announcement comes as Prime MinisterNarendra Modi’s government seeks to attract more big-ticket investments under a $10 billion incentive plan for chip and display production, aiming to make India a key player in the global supply chain.<\/p>\n

The government had previously agreed to cover between 30% and 50% of the cost of setting up new display and chip Plants<\/a>. It said on Wednesday that it will also cover 50% of the Capital Expenditure<\/a> required to set up semiconductor packaging facilities.<\/p>\n","protected":false},"excerpt":{"rendered":"

India’s government on Wednesday raised fiscal support for new semiconductor facilities to cover 50% of project costs and said it will remove a ceiling for maximum permitted for display manufacturing as it moves to boost local production. The announcement comes as Prime MinisterNarendra Modi’s government seeks to attract more big-ticket investments under a $10 billion … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[1056],"class_list":["post-4302","post","type-post","status-publish","format-standard","hentry","category-current-affairs","tag-29-09-22"],"yoast_head":"\nIndia to offer more incentives for local chip, display manufacturing - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/india-to-offer-more-incentives-for-local-chip-displaymanufacturing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India to offer more incentives for local chip, display manufacturing\" \/>\n<meta property=\"og:description\" content=\"India’s government on Wednesday raised fiscal support for new semiconductor facilities to cover 50% of project costs and said it will remove a ceiling for maximum permitted for display manufacturing as it moves to boost local production. The announcement comes as Prime MinisterNarendra Modi’s government seeks to attract more big-ticket investments under a $10 billion ... 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