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India a conductor of semiconductor investment: PM
The Morning Standard
|July 29, 2023
Centre offers 50% financial assistance to technology companies for setting up semiconductor manufacturing facilities in the country
INDIA will extend 50 per cent financial assistance to companies for setting up semiconductor manufacturing facilities, Prime Minister Narendra Modi said on Friday as he rolled out red carpet to semiconductor industries.
Speaking after inaugurating the Semicon India 2023 conference in Gandhinagar, Modi said an entire ecosystem is being established for the semiconductor industry to grow in the country. “We were offering incentives as part of the Semicon India programme. It has been increased, and now technology firms will get 50 per cent financial assistance to set up semiconductor manufacturing facilities (in India),” he said.
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FLERE HISTORIER FRA The Morning Standard
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