MEITY to seek more funds from Finance Ministry for semiconductor mission: Secretary S Krishnan

The Ministry of Electronics and Information Technology is working on a follow up scheme for the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) that ended on March 31, 2024, said its secretary S Krishnan.

Some of the manufacturers were covered under the scheme that ended. “However, going forward, we will need another scheme to cover that and the government is working on this in the follow-up scheme,” he said while speaking at the iVP Semiconductor launch event on Saturday.