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Govt invites proposals for setting up semiconductor FAB plants in India
Semiconductors are used in the majority of electronic products today and constitute to be a significant part of the total value of Bill of Material (BOM). Defined by rapid changes in technology, semiconductor manufacturing is a complex and research-intensive sector, requiring heavy investment
Nidhi Singal | December 16, 2020 | Updated 19:49 IST
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Keen to incentivise and attract investments for setting up of semiconductor FABs in India, the government has issued Expression of Interest (EoI) for setting up/expansion of existing semiconductor wafer/ device fabrication (FAB) facilities in the country or even acquisition of semiconductor FABs outside India. Setting up semiconductor FAB facilities and its ecosystem was one of the main strategies of the National Policy on Electronics 2019 (NPE 2019) that aims to position India as a global hub for Electronics System Design and Manufacturing (ESDM)
Indiaâs Big Push For Small Chips: Union Government Invites Companies To Submit EoI By Jan 21 For Setting up Semiconductor Fabrication (FAB) Plants In India
Prime Minister Narendra Modi and Minister Ravi Shankar Prasad.
In a move aimed at incentivising and attracting investment for setting up of chip manufacturing in India, the Union Ministry of Electronics and Information Technology (MeitY) today issued an notice inviting Expression of Interest (EoI) for setting up / expansion of existing Semiconductor wafer / device fabrication (FAB) facilities in India or acquisition of Semiconductor FABs outside India.
The last date for submission of EoI proposal is Jan 31, 2021.