Centre clears schemes to boost semiconductor production, solar energy generation
Aiming to boost semiconductor manufacturing in India, the Centre has decided to provide uniform fiscal support of 50 per cent of the project cost for setting up of semiconductor fabrication plants.
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the decision by modifying an existing scheme, ‘Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India’.
Also, the Union Cabinet okayed a Rs 19,500-crore production linked incentive (PLI) scheme on ‘national programme on high efficiency solar PV modules’, seeking to attract Rs 94,000-crore investment in the sector.
