Govt invites proposals to set up electronic chip manufacturing units

The government has invited proposals from entities to set up electronic chip manufacturing units in the country and even acquire any company making semiconductors overseas.

The expression of interest floated by the ministry of electronics and information technology (Meity) on Tuesday said the government is keen to incentivise and attract investment in setting up semiconductor fabrication units in India.

“The Meity invites expressions of interest (EoI) from companies/consortia desirous of setting up/expanding existing semiconductor wafer/device fabrication (FAB) facilities in India or acquisition of semiconductor FABs outside India,” the EoI document said.

Meity has fixed January 31, 2021 as the last date for submitting the proposal.