Live
- BJP MP candidate Bharat Prasad visited the student who tried to commit suicide
- PM’s popularity in the fast lane: Autos with 'Har Dil Mein Modi' slogan spotted across Delhi
- Delhi-based political parties are like East India Company: Sukhbir Badal
- Golf: Diksha moves into Top-20 at South African Women’s Open
- KCR lashes out against BJP and Congress for destroying Telangana
- Dairy Science students visited the Milk cooling plant
- Moody feels Pant ahead in keepers’ race for T20 WC squad; Srikkanth picks Rahul over Samson as reserve keeper
- Thanking voters for extending 'unparalleled support' to NDA, PM Modi says second phase 'too good'
- Natural Relief for Menstrual Cramps: Beetroot Juice Recipe
- Asha Worker died in a road accident
India to make investment worth $10 billion to lure domestic chipmakers
India to make investment worth $10 billion to lure domestic chipmakers
India's technology minister announced on Wednesday that the country had authorised a $10 billion incentive scheme to recruit semiconductor fabricators
India's technology minister announced on Wednesday that the country had authorised a $10 billion incentive scheme to recruit semiconductor fabricators and display manufacturers as part of its attempts to establish itself as a worldwide electronics production hub.
According to sources, Tower Semiconductor of Israel, Apple's contract manufacturer Foxconn, and a Singapore-based consortium were all interested in expanding semiconductor fabrication facilities in India. The Vedanta Group was also interested in establishing a display fabrication unit in India.
The technology minister Ashwini Vaishnaw has also authorised a design linked incentive (DLI) scheme to assist 100 local enterprises in semiconductor design for integrated circuits and chipsets. He stated, "Prime minister (Narendra Modi) has taken a historic decision today that will help develop the complete semiconductor ecosystem -- from the design of semiconductor chips to their fabrication, packing and testing -- in the country."
India, the world's second-largest smartphone manufacturer, unveiled the proposal when automakers and IT firms dealt with a global chip shortage.
One of India's largest conglomerates, the Tata Group, is also getting into the sector and talks with three states to invest up to $300 million in a semiconductor manufacturing and testing facility.
source: techgig
