Govt Commits 97% Of Chip Manufacturing Fund: Report

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SUMMARY

The Indian government has committed around INR 62,900 Cr, or 97% for semiconductor manufacturing

The funds left can accommodate small projects, said IT Secretary S Krishnan

Majority of INR 76,000 Cr India Semiconductor Mission allocated to production, with smaller portions for design and lab modernisation

The government has reportedly committed around INR 62,900 Cr, nearly 97% of the INR 65,000 Cr, earmarked for semiconductor manufacturing incentives. 

A PTI report,…



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Govt Commits 97% Of Chip Manufacturing Fund: Report


SUMMARY

The Indian government has committed around INR 62,900 Cr, or 97% for semiconductor manufacturing

The funds left can accommodate small projects, said IT Secretary S Krishnan

Majority of INR 76,000 Cr India Semiconductor Mission allocated to production, with smaller portions for design and lab modernisation

The government has reportedly committed around INR 62,900 Cr, nearly 97% of the INR 65,000 Cr, earmarked for semiconductor manufacturing incentives. 

A PTI report,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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