Government to approve up to two chip manufacturing units this year: Rajeev Chandrasekhar

The government expects to approve up to two applications this year to start building electronic chip manufacturing plants in the country, minister of state for electronics and IT Rajeev Chandrasekhar said on Friday.

While speaking on the sidelines of the SemiconIndia Future Design Conference, the minister told PTI that the current situation of slowdown in the electronic chip business will not have any impact on India’s semiconductor programme as the impact is cyclical in nature but the programme has been conceived with long-term vision.