Centre invites applications for setting up Semiconductor and Display Fabs. Details here
India will invite new applications for setting up Semiconductor Fabs and Display Fabs from June 01, 2023, under the Modified Semicon India Program.
The Government of India has decided to invite new applications for setting up of Semiconductor Fabs and Display Fabs in India from June 01, 2023, under the Modified Semicon India Program, according to an official statement issued by the Ministry of Electronics and Information Technology.
The applications will be received by India Semiconductor Mission, the designated nodal agency entrusted with the responsibility of implementing the Modified Semicon India Program for the development of the semiconductors and display manufacturing ecosystem in India.
Under the modified program, a fiscal incentive of 50% of the project cost is available to companies/consortia/joint ventures for setting up of Semiconductor Fabs in India of any node (including mature nodes), the statement read.
Similarly, a fiscal incentive of 50% of the project cost is available for setting up of Display Fabs of specified technologies in India, the ministry said.
The application window for “Modified Scheme for setting up of Compound Semiconductors/Silicon Photonics/Sensors Fab/Discrete Semiconductors Fab and Semiconductor ATMP/OSAT facilities in India” is open till December 2024.
On the other hand, the application window of the Design Linked Incentive Scheme is also open till December 2024.
To date, 26 applications have been received under DLI Scheme and five applications have been granted approval, it added.
The central government had launched the Semicon India Programme in December 2021 with an outlay of ₹76,000 crore for the development of semiconductors and display manufacturing ecosystem in India.
All applicants who had applied under the scheme for setting up of Semiconductor Fabs and Scheme for setting up of Display Fab (earlier schemes) are allowed to submit applications under Modified Scheme for setting up of Semiconductor Fabs and Modified Scheme for setting up of Display Fabs after incorporating suitable modification in their proposals.
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Business NewsNewsIndiaCentre invites applications for setting up Semiconductor and Display Fabs. Details here
First Published:31 May 2023, 12:19 PM IST
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