A major chunk of the Rs 2 lakh crore earmarked for production linked incentives has gone to the semiconductor and display manufacturing industry at Rs 76,000 crore.
According to reports by The Economic Times, for the first time India's cellphone exports have reached the first time ever in the month of September this year.
Given the niche technology and nature of compound semiconductors and advanced packaging, the modified programme shall provide fiscal support of 50 per cent of capital expenditure
The Union government has been urging the private sector to boost investment, and has also stepped-up its own capital expenditure as an example, to help economic recovery.