Govt plans to double subsidy for chip design to ₹30 crore
Financial Express Kochi|December 31, 2024
MOVE WILL BENEFIT STARTUPS
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.

この記事は Financial Express Kochi の December 31, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Kochi の December 31, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

FINANCIAL EXPRESS KOCHIのその他の記事すべて表示
Financial Express Kochi

MRF: Crude prices, Re slide driving surge in tyre prices

RISING CRUDE OIL prices and a depreciating rupee are driving up tyre costs, according to Arun Mammen, vice chairman and managing director of MRF.

time-read
1 min  |
January 20, 2025
Financial Express Kochi

PLFS reflects positive employment trends

As India strides towards the vision of Viksit Bharat, empowering youth with the right skills and work experience continues to be a priority

time-read
4 分  |
January 20, 2025
Financial Express Kochi

Davos Turns Into Fortress

GIVEN THE HIGH-profile nature of the event, beginning Monday, the security is both discreet and visible and comprises snipers, drone jammers, regular frisking and checking and round-the-clock patrol.

time-read
1 min  |
January 20, 2025
Financial Express Kochi

Petroleum products exports rise 2% in April-December

INDIA'S EXPORTS OF petroleum products grew marginally by 1.5% to 47.5 million tonne during April-December, compared to 46.8 million tonne in the same period last fiscal, according to data from the Petroleum Planning and Analysis Cell.

time-read
1 min  |
January 20, 2025
Financial Express Kochi

TN loses investment body chief ahead of meet

VISHNU VENUGOPALAN, MD & CEO of Guidance Tamil Nadu and a key bureaucrat instrumental in attracting major investments, including Cisco, Jabil, and Ford Motor's re-entry into the state, has exited the agency, multiple sources told FE.

time-read
1 min  |
January 20, 2025
Financial Express Kochi

Fighting halts in Gaza as ceasefire begins, Hamas frees 3 hostages

PALESTINIANS POURED INTO the streets to celebrate and return to the rubble of their bombed-out homes on Sunday, and Hamas released the first three hostages under a ceasefire deal that halted fighting in Gaza.

time-read
1 min  |
January 20, 2025
Financial Express Kochi

Trade Partner Or Adversary?

India must think beyond China-Plus-One strategy as the world trade order is rapidly changing

time-read
2 分  |
January 20, 2025
Financial Express Kochi

Comfortable design for 24/7 wear

It tracks fitness, sleep, stress & other key health vitals

time-read
2 分  |
January 20, 2025
Financial Express Kochi

Tech firms face setback as Wi-Fi spectrum allocation plan nixed

DoT DECISION MAY DELAY ADOPTION OF NEXT-GENERATION DEVICES

time-read
2 分  |
January 20, 2025
Financial Express Kochi

Mkt volatility may force life insurers to rethink ULIP plans

A prolonged volatility in the stock markets could dampen the investor appetite for unit linked insurance plans (ULIPs), prompting life insurers to shift the focus towards guaranteed income and pure protection plans like term insurance, industry experts said.

time-read
2 分  |
January 20, 2025