IT Minister Kharge Calls for Level-Playing Field in Semiconductor Investments

Government to Offer Incentives to Domestic Chip Makers

Information technology minister Kharge has called for a level-playing field for global semiconductor manufacturers and domestic players. He has proposed a slew of measures including tax breaks and financial incentives to boost local chip manufacturing.

India Seeks to Reduce Reliance on Imported Semiconductors

Currently, India imports the vast majority of its semiconductor requirements. This over-reliance on imports poses a significant risk to the country's strategic autonomy. A robust domestic chip manufacturing ecosystem, on the other hand, would ensure a steady supply of semiconductors.

Government Announces Incentives for Local Chip Makers

• Tax breaks to reduce the cost of production
• Financial incentives to support research and development
• Land allotments in dedicated semiconductor parks
• Preferential access to government contracts

Government to Collaborate with Global Companies

The Indian government plans to partner with global semiconductor companies to transfer technology and expertise. This will help India to develop a robust and competitive chip manufacturing ecosystem in the long run.

Government to Set Up Semiconductor Manufacturing Facility

In addition, the government plans to set up a state-of-the-art semiconductor manufacturing facility. This facility will be equipped with the latest technology and will be capable of producing advanced semiconductors.

Conclusion

The government's initiatives to promote domestic semiconductor manufacturing are a welcome move. These measures will help India to reduce its reliance on imported semiconductors and ensure a steady supply of chips for its growing digital economy.