Electronic Chip and Display Manufacturing, Government Receives Proposals From Five Firms
New Delhi: In the middle of the rising scarcity of electronic chips and displays, a few firms, have sent their proposal to the government regarding the manufacturing of electronic chips and displays.
“The government has received proposals from five companies for setting up the electronic chip and display manufacturing plants with an investment of Rs 1.53 lakh crore,” the official said.
The Ministry of Electronics and IT said that “Vedanta Foxconn JV, IGSS Ventures and ISMC propose to set up electronic chip manufacturing plants with USD 13.6 billion investment and have sought the support of USD 5.6 billion from the Centre under the Rs 76,000 crore Semicon India Programme,”
Vedanta and Elest have proposed to set up a display manufacturing unit with a projected investment of USD 6.7 billion and have sought the support of USD 2.7 billion from the Centre under the Scheme for setting up Display Fabs in India.
Besides this, SPEL Semiconductor, HCL, Syrma Technology, and Valenkani Electronics have registered for semiconductor packaging and Ruttonsha International Rectifier has registered for compound semiconductors.
Three companies – Terminus Circuits, Trispace Technologies, and Curie Microelectronics — have submitted applications under the Design Linked Incentive Scheme.
(_Vinayak)
