Govt to clear semiconductor unit proposals in 30-60 days: MoS IT

The Government is likely to start approving proposals to set up electronic chip and display manufacturing plants in the country in next 30-60 days, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday.

Speaking at IESA Vision Summit, Chandrasekhar said there has been a tremendous progress in the development of the semiconductor ecosystem in the country in the last 8-9 months.

The government has received proposals from five companies for setting up electronic chip and display manufacturing plants with investment of Rs 1.53 lakh crore.