‘Nobody saying no to India’: MoS Rajeev on semiconductor manufacturing

Semiconductors are the heart of every electronics yet around 169 industries globally are impacted by the shortage of these chips. As the majority of semiconductor chips are being manufactured in Taiwan and China, countries like the US and India have also joined the race to get more fabs.
The government of India has announced industry-friendly measures for the development of semiconductors and a display manufacturing ecosystem in the country. For the same, the Union Cabinet has approved a financial outlay of Rs 76,000 crore for the semiconductor manufacturing ecosystem in India, announcing incentives for every part of the supply chain including electronic components, sub-assemblies, and finished goods.