New Delhi: The Union Cabinet is likely to consider providing incentives totalling Rs 76,000 for semiconductor manufacturing, assembly, and testing, through the next three years

According to a government official, the government's Production-Linked Incentive (PLI) scheme for semiconductors intends to strengthen the horizon of electronic component manufacturing and export while also helping to deepen India's manufacturing base.

According to a statement from the Ministry of Electronics and Information Technology, "the scheme aims to provide a financial incentive of 25% on capital expenditure for the identified list of electronic goods that comprise the downstream value chain of electronic products, i.e., electronic components, semiconductor, display fabrication units, ATMP units, specialised sub-assemblies, and capital goods for manufacture of aforesaid goods, all of which involve high value-added manufacturing,"

The government intends to include one to two fab units for displays, as well as ten units each for component design and manufacture, in the project. Ministry of Electronics & IT will publish out the details, accept applications from industry players, and choose qualified players for incentives once the Union Cabinet approves the PLI Scheme for semiconductor manufacture. The plan includes financial incentives for startups that design and manufacture semiconductors. Through the scheme, the ministry intends to attract investments of Rs 1.7 lakh crore.

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