India’s decades-old dream to become a semiconductor manufacturing hub is finally moving in the right direction. The semiconductor scheme announced in December 2021 has received excellent progress, and a groundbreaking ceremony for the Indian semiconductor unit will happen in 2-3 months, said IT and Electronics minister Ashwini Vaishnav at Business Today’s India@100 conclave. In December 2021, the government of India approved a semiconductor incentive scheme worth Rs 76,000 crores to make India a semiconductor nation.

Read out more: https://www.businesstoday.in/india-at-100/story/india-to-become-a-major-semiconductor-manufacturing-nation-in-next-5-6-years-minister-ashwini-vaishnaw-345753-2022-08-26