Key Points
Giving a lifeline to applicants including the Vedanta-Foxconn JV, India is said to have reopened the window for government incentives for companies, consortia and JVs keen to make semiconductors in India,..
The window to re-apply for government incentives under the modified semiconductor scheme opened on June 1, news agency PTI reported...
PTI reported citing sources that the Vedanta-Foxconn JV is expected to re-apply under the modified scheme...
The "Modified Semicon India Programme" raises the financial incentive of "50% of the project cost for companies, consortia, joint ventures for setting up semiconductor fabs in India of any node (wafer size)", PTI's report said...
According to a statement cited by PTI, the application window for the modified scheme will be open till December 2024...
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