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ARTICLE · 20 MARCH 2023

Save Businesses To Create ‘Trusted Sources'

JSA Advocates & Solicitors
JSA Advocates & Solicitors
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JSA Advocates & Solicitors

JSA Advocates & Solicitors

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Semiconductors lie at the heart of electronic products and advanced technologies like 5G.

IndiaMedia, Telecoms, IT, Entertainment
Radhika Gupta
Radhika Gupta
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Semiconductors lie at the heart of electronic products and advanced technologies like 5G. In December 2021, the Union Cabinet approved INR 76,000 crores under the 'India Semiconductor Mission' which is fungible across different schemes. This was followed by a modified programme to provide financial support to companies investing in semiconductors, display manufacturing and design ecosystem to curb heavy dependence on import of semiconductors. In the 2023-2024 Union Budget, INR 3000 crores has been allocated for the India Semiconductor Mission out of which INR 1,799 crore has been allocated for the modified scheme for setting up compound semiconductors, silicon photonics, sensors fab, discrete semiconductors fab and semiconductor assembly, testing, marking and packaging, outsourced semiconductor assembly and test facilities in India. Also, INR 1,000 crore has been allocated for the modified scheme for setting up of semiconductor fabs in India, while INR 4 lakh has been

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