Speaking after having inaugurated the Semicon India 2023 conference in Gandhinagar, Mr. Modi said India was establishing an entire ecosystem 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% financial assistance to set up semiconductor-manufacturing facilities in India,” Mr. Modi said, adding that the semiconductor industry would witness exponential growth in India. “A year ago, people used to ask why they should invest in the Indian semiconductor sector. The ‘Semicon India 2023’ highlights investment opportunities in India’s semiconductor sector.

Source: The Hindu July 28, 2023 15:06 UTC