Telangana Firms and Institutions to Receive Boost Under Semicon India Programme

Swift Summary

• Semicon India program:

– Launched by the central government with an outlay of ₹76,000 crore to develop a lasting semiconductor and display ecosystem.
– Provides fiscal support for up to 50% of project costs for various ventures like CMOS-based semiconductor fabs, display fabs, compound semiconductors, and advanced packaging facilities.

• Telangana Initiatives:

– Three companies-Green PMU Semi, WiSig Networks, and MosChip technologies in Telangana-approved under the Design Linked Incentive (DLI) scheme.- Design infrastructure support granted to 11 other companies in Telangana.
– Under Chips-to-Start-up (C2S) programme:
– Tools provided to design initiatives across 22 institutes in the state.
– Financial backing extended to six institutes.

• national Scope:

– Six semiconductor manufacturing projects have been approved nationally with cumulative investments amounting to ₹1.55 lakh crore.
– Product design incentives include up to ₹15 crore per application and deployment-linked incentives capped at ₹30 crore over a period of five years.

• States were encouraged by the Center’s programme to align their semiconductor policies for project advancement versatility.

Indian Opinion Analysis

The expansion of india’s Semicon India Programme reflects significant strides toward building a robust domestic semiconductor ecosystem. With substantial financial backing and strategic alignment between States and Centre policies, this initiative aims at reducing dependence on imports while fostering innovation-driven economies within multiple regions like Telangana. The approval of startups under DLI schemes exemplifies how localized policy impacts can catalyze advancements even within specific industrial clusters.

While investments totaling ₹1.55 lakh crore signal optimism for achieving long-term self-sufficiency in supply chains critical for electronics manufacturing, execution challenges may arise given global competition among nations with advanced systems already established globally.