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Twenty semiconductor companies submit EoIs for PLI Scheme

Monday, 21 Jun 2021
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Over 20 semiconductor manufacturing and designing companies in high-end, display and specialty fabrication have submitted expressions of interest (EoIs) to set up manufacturing plants in India.

For semiconductor manufacturing, which majorly involves chip making, the government will be open to negotiating new incentives beyond the fixed incentives already announced.

The government is looking at atleast three-four companies leveraging this incentive or showing EoI. They do not want to fix what kind of incentives they want to provide.

Once they have EoIs, they will customise incentives based on the company’s area of work, type of fab and requirement. It will not be a one-size-fits-all solution and that is going to be USP of fab incentives this time compared to the traditional approach of take it or leave it.

The government has been trying to bring a semiconductor fabrication unit to India for many years now, however earlier schemes had failed to attract actual investments.

But this time there could be serious players since the government is engaging with companies to understand what kind of incentives are required.

 
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