Brief by Shorts91 Newsdesk / 03:53pm on 29 Apr 2024,Monday Tech Today
India ramps up efforts to bolster semiconductor manufacturing, with the government preparing a substantial new package to complement the nearly exhausted Rs 76,000-crore incentives. The move aims to address the global chip shortage by accelerating investments in semiconductor production. The forthcoming package is anticipated to surpass previous initiatives, signaling a significant commitment to bolstering India's semiconductor industry. The announcement, expected after the formation of a new government, underscores India's determination to position itself as a key player in the global semiconductor market and reduce dependence on imports.
