Question: Union Cabinet approved a how many crore production linked incentive (PLI) scheme for boosting semiconductors?
(a) ₹ 66,000 crore
(b) ₹ 71,000 crore
(c) ₹ 76,000 crore
(d) ₹ 86,000 crore
Answer: (c)
Related Facts:
- Cabinet approved Rs 76,000-crore policy boost for semiconductor manufacturing.
- The scheme is expected to usher in a new era in electronics manufacturing by providing a globally competitive incentive package to companies in semiconductors and display manufacturing as well as design.
- It will strengthen India’s technological prowess in these areas of strategic importance and economic self-reliance.
- The programme will give an impetus to semiconductor and display manufacturing by facilitating capital support and technological collaborations.
- The programme aims to provide attractive incentive support to companies / consortia that are engaged in Silicon Semiconductor Fabs, Display Fabs, Compound Semiconductors / Silicon Photonics / Sensors (including MEMS) Fabs, Semiconductor Packaging (ATMP / OSAT), Semiconductor Design.
- With the launch of this scheme, the government expects investments of about Rs 1.7 lakh crore and 1.35 lakh jobs in the upcoming four years.
BY: AMIT GUPTA
Reference: https://pib.gov.in/PressReleasePage.aspx?PRID=1781723