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One billion cash incentive: Govt entices chipmakers to 'Make in India'

Mar 31, 2021 18:36 IST | By Editorji News Desk

Reports indicate that in a big push towards ‘Make in India” the Modi-Govt is set to offer $1 billion in cash to each semiconductor company that sets up manufacturing units in the country.

The incentive comes as there is a global chip shortage has hit everyone from makers of laptops smartphone to even kitchen appliances.

A senior govt official has told Reuters that the govt will assure the manufacturer that the government will be a buyer and there will also be mandates in the private market.

National