GOI approves modifications in the “Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India”

Sep 22, 2022 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Government of India (GOI) on September 22, 2022, approved the modifications in the Programme for the development of semiconductors and displays manufacturing ecosystem in India. 

Under the modified programme, uniform fiscal support of 50% of Project Cost will be provided across all technology nodes for setting up of Semiconductor Fabs and also fiscal support of 50% of Capital Expenditure in pari-passu mode for setting up of compound semiconductors/silicon photonics/sensors / Discrete semiconductors fabs and ATMP/OSAT.

The modified programme, will expedite investments in semiconductor and display manufacturing in India. On the basis of discussion with potential investors, it is expected that work on setting up of the first semiconductor facility will commence soon.

[Release ID: 1861132]


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