New Delhi, May 31 : The government has invited applications for setting up of semiconductor fabs and display fabs in India from June 01, 2023 under the Modified Semicon India Programme.
All applicants who had applied for setting up of semiconductor fabs under the scheme are allowed to submit applications under the modified scheme after incorporating suitable modification in their proposals, said Ministry of Electronics & IT on Wednesday.
The government had launched the Semicon India Programme in December 2021 with an outlay of Rs 76,000 crore for the development of semiconductors and display manufacturing ecosystem in India.
Under the modified programme, a fiscal incentive of 50% of the project cost is available to companies/consortia/joint ventures for setting up of semiconductor fabs in India of any node (including mature nodes). Similarly, a fiscal incentive of 50% of the project cost is available for setting up of display fabs of specified technologies in India.
“The application window of “Modified Scheme for setting up of Compound Semiconductors/Silicon Photonics/Sensors Fab/Discrete Semiconductors Fab and Semiconductor ATMP/OSAT facilities in India” is open till December 2024,” said an official media release.
It further added, “Application window of Design Linked Incentive Scheme is also open till December 2024.”
As per Ministry of Electronics & IT, as many as 26 applications have been received under DLI Scheme so far and five applications have been granted approval.
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