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Government to launch Rs 10,000 crore incentive scheme for chip ancillaries

The Centre will launch a revised incentive scheme of up to Rs 10,000 crore to promote the establishment of electronic and semiconductor component plants in the country. The new plan, likely to be launched at the beginning of the next financial year, will be an updated version of the current Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors.

Why it’s important: The move is aimed at creating a supporting ecosystem for the mega chip-packaging units being set up by various groups like the Tatas and Kaynes. Moneycontrol

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