Semiconductors likely in for another massive boost as India tries to make up for lost time in chipmaking

In a serious attempt to make up for lost time in semiconductor manufacturing, the Indian government has started working on a huge new package over and above the Rs 76,000-crore incentives already given out, ToI reported on April 29.

The 76,000-crore incentive package was launched in December 2021 to support companies making semiconductors and investing in them. That amount has been nearly exhausted, necessitating a fresh boost for India’s big chip plan.