With the much-anticipated PLI scheme for semiconductor fabs approved, IESA congratulates the Government of India for taking this positive step and thanks MeitY for its efforts and for considering IESA’s recommendations.
Lauding the incentive, Rajeev Khushu, the Chairman of IESA, said, “IESA has been in conversation with the Government of India to take a holistic approach, with equal weightage being given to manufacturing, employment generation and providing the right atmosphere for fabless start-ups in the country. Clearing the INR 76,000 Cr PLI scheme is game-changing. I am sure this proactive move by the government will greatly strengthen India’s vision to emerge as a significant player in the semiconductor ecosystem.”
He further added, “As global and Indian players utilise the incentives to establish their manufacturing base in India, we will become a part of the global supply chain even before we set up the first ATMP in the country. Design incentives will catalyse the already thriving semiconductor design activities in the country and we will witness this ecosystem grow from both a design and product-definition perspective.”