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SPECS INCENTIVE
Semicon ecosystem players seek sops to meet chip goalsCompanies related to semiconductors have sought financial incentives, such as capital subsidies and rebates on power and taxes, to help ach...
What’s needed for India to become a leader in PCB manufacturingIndia’s PCB manufacturing relies heavily on imports despite government incentives. To become a global leader, the country must close raw ma...
US, UK, Canada quiz India's SPECS scheme, sops at WTOThe US, UK, and Canada have raised concerns at the WTO regarding India's Make in India initiative and various subsidy programs. Questions w...
As buyers diss cars, auto companies count on offersPassenger car sales surged 8% to a record 4.22 mn units in FY24 but have moderated since amid the heat wave, a long election season and a h...
Govt likely to come up with policy to incentivise semiconductor ancillary firms: Rajeev ChandrasekharThe Indian government may introduce a scheme to incentivise semiconductor ancillary firms to address disability and facilitate supply chain...
Can Budget 2024 give a fillip to India's budding semiconductor industry?India's Interim Budget may include sops to boost the semiconductor industry, with an upgraded version of the SPECS plan that may have a cor...
How India is trying to build a crucial part of its chip-making projectThe new incentive plan -- which is likely to be launched at the start of the next fiscal year -- will have a corpus of Rs 10,000 crore, ET ...
In works: Rs 10,000 crore sop scheme for chip ancillariesThe pari-passu or equal footing method for disbursal of incentives is one where the government releases the funds to successful applicants ...
India to focus on boosting electronic component manufacturing; new scheme in works: MeitY secretaryA senior government official announced a renewed emphasis on bolstering domestic electronics component manufacturing. Speaking at the CII E...
Rajasthan firm first to produce memory chips in IndiaSahasra has been approved under two government initiatives – production-linked incentive (PLI) for components and sub-assemblies of white g...
CDIL becomes first Indian firm to produce Silicon Carbide components; starts exports to China, USWhile speaking on the sidelines of the launch of the company's new surface mount semiconductor packaging line, CDIL Executive President and...
Govt extends sops for chip, electronics gear by a yearIndustry associations said the extension will boost local electronics manufacturing and is aimed at allowing filing of new applications tha...
A make-or-break opportunity for Budget to help India fill chip industry lacuna created by ChinaThe latest outbreak in China that has crippled most of its activities has also forced the factory floor to hit a pause on massive investmen...
Rs 10,000-12,000 crore PLI sops soon for hi-tech IT, mobile componentsThe objective of the components incentive scheme is to develop a complete ecosystem of electronics manufacturing in India, officials aware ...
Govt expects Rs 34,090-crore investment under PLI scheme for electronics manufacturingAround Rs 20,000 crore is expected to come from electronic components and semiconductor companies and Rs 14,090 crore from 32 proposals app...
Govt plans mega package to woo investors in semiconductor manufacturingSources said senior officers were in talks with some of the top semiconductor manufacturers such as Taiwan Semiconductor Manufacturing Co. ...
India has unprecedented opportunity to be phone export hub in post-COVID-19 era: ICEA-EY"It is estimated that India suffers from various disabilities like high cost of power, tax and ease of doing business. This renders India a...
India unveils Rs 50,000 crore schemes to attract electronics makersIT and Telecom Minister Ravi Shankar Prasad said India will initially aim to attract top 5 global mobile manufacturing companies and also p...
Foxconn, Oppo, others may go for 41k-cr PLI sopsTop global players such as Foxconn and Wistron, manufacturers of Apple phones, Flex, Samsung, Oppo and Vivo are likely to apply for a produ...
Government notifies three incentives schemes worth Rs 48,000 crore for electronics manufacturing pushFor domestic mobile phone companies, the investment threshold is Rs. 200 crore over four years and sales criteria is Rs. 5000 crore in five...