Wednesday, February 21, 2024

Cabinet Decisions: Chip, display units: Nod to Rs 76K-cr scheme

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Cabinet Decisions: The policy, apart from giving incentives for setting up of plants to manufacture high quality semiconductors, also plans to enable over the next decade training of 85,000-1,00,000 engineers and technicians who can work in these plants, Electronics and IT Ministry officials said.

In what would be yet another attempt by the Centre to have domestic manufacturing capacity of semiconductors, the Union Cabinet Decisions Wednesday cleared a Rs 76,000 crore policy programme for semiconductor and display manufacturing ecosystem in the country.

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The new policy, apart from giving incentives for setting up of plants to manufacture high quality semi-conductor chips also plans to enable, over the next ten years, training of 85,000-100,000 engineers and technicians who can work in these plants, ministry officials said.

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