Govt’s Rs 76,000 crore boost to semiconductor, display mfg

The government on Wednesday approved a Rs 76,000-crore scheme to boost semiconductor and display manufacturing in the country in an bid to position India as a global hub for hi-tech production, and attract large chip makers

migrator

Updated:16th Dec, 2021 at 5:53 AM

Chennai

The move would further India’s ambitions to be self-reliant in electronics manufacturing, bring massive investments and result in 35,000 specialized jobs apart from indirect employment for one lakh people.

In the current geopolitical scenario, trusted sources of semiconductors and displays hold strategic importance and are key to the security of critical information infrastructure.

The semiconductor scheme also comes at a time when the world is witnessing a severe crunch of semiconductors, a key component used in cars to electronic devices. The supply has been disrupted as a result of the COVID-19 pandemic, which forced many production centers to close intermittently.

Announcing the decision of the Cabinet, IT and Telecom Minister Ashwini Vaishnaw said the Rs 76,000-crore scheme has been approved for the development of the semiconductors and display manufacturing ecosystem.

Govt’s Rs 76,000 crore boost to semiconductor, display mfg

The government on Wednesday approved a Rs 76,000-crore scheme to boost semiconductor and display manufacturing in the country in an bid to position India as a global hub for hi-tech production, and attract large chip makers

Also Read

TN raises monthly contingency funds for police stations to reduce corrupt practices

Tambaram-Velachery Road in Chennai riddled with potholes; ambulance overturns, two injured

Return of people after holidays to Chennai triggers traffic congestion near Kilambakkam bus terminus

HIGHLIGHTS | Tamil Nadu rains: Schools closed in 5 districts, including Chennai, as twin low-pressure areas loom

CJP leaders withdraw from Delhi HC plea challenging their judicial custody