India approves US$10 billion plan to lure semiconductor and show makers

NEW DELHI: India has permitted a US$10 billion incentive plan to draw semiconductor fabricators and show producers, its expertise minister mentioned on Wednesday (Dec 15), as a part of efforts to ascertain itself as a world electronics manufacturing hub.

Israel’s Tower Semiconductor, Apple’s contract producer Foxconn and a Singapore-based consortium have all proven curiosity in organising semiconductor fabrication items in India, a authorities supply informed Reuters.

Vedanta Group was additionally eager to arrange a show fabrication plant in India, the supply added.

New Delhi additionally permitted a design linked incentive (DLI) plan to encourage 100 native firms in semiconductor design

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