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Cabinet approves semiconductor incentive plan

Date: 17 December 2021 Tags: Miscellaneous
  • The Union Cabinet approved the much-awaited incentive plan to push manufacturing of semiconductors in the country.
  • The incentive scheme is worth Rs 76,000 crore for semiconductor and display board production in India. The Centre plans to establish 20 semiconductor units in the country over the next 2 years.
  • Semiconductors are silicon chips that cater to control and memory functions in products ranging from automobiles, computers and cellphones to various other electronic items.