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India Expands Incentives for Chip, Display Units in Renewed Push

  • Government will bear half the cost of semiconductor projects
  • Country offers higher financial support to chip assembly units

India is wooing semiconductor and display makers to the country by increasing financial incentives for setting up manufacturing units under a $10 billion plan.

Prime Minister Narendra Modi’s administration will bear half the cost of setting up all semiconductor manufacturing units, it said in a statement on Wednesday. Previously, New Delhi said it would offer fiscal support ranging from 30% to 50% of a project’s cost depending on the type of chip manufactured.