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After Tata, India Eyes Second Chip Fab By 2031 With At Least $2Bn Investment
(MENAFN- Live Mint) New Delhi: The IT ministry is inviting global technology companies to build a second commercial chip fabrication plant, as part of a push to establish the country as a major semiconductor hub while reducing direct government subsidies. Under a fresh programme known as Semicon 2.0, New Delhi will offer up to 40% in cash incentives for a modern facility operating on standard 12-inch wafers, tightening eligibility rules to target established manufacturers capable of deploying at least ₹20,000 crore ($2.1 billion) of their own capital.
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