Minister of State for Electronics and Information Technology Rajeev Chandrasekhar in the parliament said that the government is focused on building the semiconductor ecosystem in India and catalysing its rapidly growing electronics manufacturing and innovation ecosystem.
According to Chandrasekhar, the government has also approved the Semicon India programme. With a total outlay of Rs. 760 billion, the modified programme aims to provide financial support to companies investing in semiconductors, display manufacturing and design ecosystem.
The Semicon India programme has various schemes under its ambit which focus on semiconductor fabrication, thin-film transistor liquid crystal display (TFT LCD) or Amoled display screen fabrication and compound semiconductors/ silicon photonics / sensor fabrication.
The programme also has a scheme to aid in financial incentives and design manufacture across various development cycles of semiconductors and other machine equipments.
The minister added that the government has also approved the modernisation of Semi-Conductor Laboratory at Mohali.
