Cabinet approves Rs 76,000-cr PLI scheme for semiconductor manufacturing

Jyoti Prakash Gadia, Managing Director, Resurgent India, said, "It is a very timely and significant step of the government to encash upon the big opportunity arising out of the current worldwide shortage of semiconductors and the projected demand for the same, looking to the growing digitalisation at the global level. India is best suited to emerge as a manufacturing hub for semiconductors and other such equipment has given the number of engineers graduating from our institutions and the kind of software infrastructure already created. Prompt seamless, implementation of the scheme over the next six years with a review for midcourse correction shall be an essential factor for the success of the scheme."

Original source: https://www.resurgentindia.com/