Government plans to double subsidy for chip design to ₹30 crore
Financial Express Pune|December 31, 2024
MOVE WILL BENEFIT STARTUPS; CAPEX SUPPORT FOR FABLESS FIRMS ON THE CARDS
JATIN GROVER

THE MINISTRY OF electronics and IT (MeitY) is working on a proposal to double the subsidy under the design-linked incentive (DLI) scheme, a key component of India's ₹76,000-crore semiconductor incentive programme.

Officials said that the proposal, which is under examination, plans to increase the startup subsidy from the current ₹15 crore to ₹30 crore as part of the upcoming semiconductor incentive scheme 2.0.

Meity is also considering capex-linked subsidies to attract larger fabless companies interested in designing chips with intellectual property (IP) developed within the country.

This new structure could be similar to the fiscal support provided for setting up fabrication units.

The proposed enhancements follow a lacklustre response to the existing DLI scheme, which has benefited 14 startups out of approximately 60 applications.

هذه القصة مأخوذة من طبعة December 31, 2024 من Financial Express Pune.

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هذه القصة مأخوذة من طبعة December 31, 2024 من Financial Express Pune.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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