Cabinet to approve Rs 25,000 cr scheme for semiconductor manufacturing

The Cabinet is likely to approve a Rs 25,000 crore scheme for semiconductor manufacturing in the country, ET Now reported on Wednesday. The announcement is expected to come out in the afternoon after a Cabinet meeting, which is underway, concludes.

In May, Finance Minister Nirmala Sitharaman said that the Centre is prioritising attracting more investments in India by expanding the production-linked incentive (PLI) schemes to include semiconductors and components.