The Union Cabinet on Wednesday approved the much-awaited incentive plan to push manufacturing of semiconductors in the country. The Rs 76,000 crore scheme will be spread across 6 years. The Centre plans to establish 20 semiconductor units in the country over the next 2 years. The decision comes as a major relief, especially at a time when industries across sectors are facing production cuts due to global chip shortage.

from Times of India https://timesofindia.indiatimes.com/business/india-business/semiconductor-shortage-cabinet-approves-rs-76000-crore-incentive-plan-to-woo-manufacturers/articleshow/88298699.cms