Government modifies PLI scheme for semiconductors

The Centre on Wednesday modified the scheme for semiconductors and display manufacturing ecosystem, with uniform fiscal support of 50 per cent of project cost for all technology nodes under the ambitious programme.

The Union Cabinet chaired by Prime Minister Narendra Modi approved the changes in the scheme, Union Minister Anurag Thakur told media after the Cabinet meeting.

Due to supply-chain disruption, many countries have announced financial incentives to companies for semiconductor manufacturing. Therefore, the government has tweaked the existing scheme to attract companies, the Minister said.