Govt commits 97% of funds earmarked for chip manufacturing
The government has committed around ₹62,900 crore, or 97%, of the ₹65,000 crore fund earmarked as incentives for semiconductor production in the country, a top official said on Friday.
While briefing on the Semicon India 2025 event, Electronics and IT Secretary S Krishnan said the funds left can accommodate only small projects.
He said that under the ₹76,000 crore India Semiconductor Mission, ₹65,000 crore was allocated for chip production, ₹10,000 crore for the modernisation of the Semiconductor Laboratory in Mohali and ₹1,000 crore for the design-linked incentive scheme.
