India’s Semiconductor Push: Government Increases Incentive Outlay to $15 Billion

 


The Indian government has announced plans to increase the funding outlay for its semiconductor chip manufacturing incentive policy from $10 billion to $15 billion. This significant boost reflects the government’s commitment to positioning India as a global hub for semiconductor manufacturing.

The increased funding is aimed at attracting more investments, fostering innovation, and reducing dependency on imports in this critical sector. As global demand for semiconductors continues to surge, India’s enhanced incentive package is expected to draw major international players and encourage domestic startups to contribute to the country’s growing semiconductor ecosystem.

By ramping up its financial support, India is signaling its readiness to play a key role in the global semiconductor supply chain, ensuring technological self-reliance and economic growth.

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