The government is planning to provide incentives worth Rs 76,000 crore towards setting up over 20 semiconductor design, components manufacturing and display fabrication units over the next six years to make India a hub for electronics.
The government's target includes one to two fab units for displays and 10 units each for designing and manufacturing components.
The scheme is likely to go to Cabinet next week for approval and after that, the ministry of electronics & IT (MeitY) would work out the small details and invite applications.
A senior government official said, "Through various PLI (production linked incentive) schemes, the Centre has tried to broaden the scope of manufacturing and export from India while the semiconductor policy will help deepen India's manufacturing base.”
