With the aim of further stimulating the Make in India initiative, the central government will approve several proposals for semiconductor packaging and manufacturing plants in the coming weeks, Minister of IT Rajeev Chandrasekhar said.
The center reopened the window for new great applications for leading and mature nodes under the changed semiconductor scheme on June 1.
“@GoI_MeitY has reopened the window for new great uses for lead and mature nodes. This has been done since the January 2022 window closed before improving policies to encourage mature nodes with equal incentives,” the minister said in a tweet .
According to the minister, the government has already approved many semiconductor design companies and received proposals for packaging and mature nodes.
“In the coming weeks, we expect to approve multiple semiconductor packaging and fab proposals,” the minister said, adding that current and new players can reapply in different nodes.
It should be noted that India recently launched a Rs 76,000 crore production-linked incentive (PLI) scheme for semiconductors and display manufacturing units.
First window for factories
The first window for 28-nanometer manufacturing plants was held open for 45 days in January 2022, but this window will “open indefinitely.”
“We are now reopening the window for semiconductors, open indefinitely. We are allowing existing applicants to reapply for more mature nodes,” said Chandrasekhar.
India’s investment in semiconductor design startups
Last month, Prime Minister Narendra Modi-led government allocated Rs 1,200 crore to invest in Indian semiconductor design startups.
According to Chandrasekhar, the government aims to create 100 semiconductor design startups in the near future. Their aim will be to develop innovative designs and solutions for both domestic and foreign markets.
The minister also said that India will soon have a talent pool of 85,000 highly skilled professionals in the semiconductor space.
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