India prepares $10b incentive plan to woo global chip makers

Photographer: Tomohiro Ohsumi/Bloomberg

India has approved a $10 billion incentive plan to attract semiconductor and display manufacturers, its technology minister said on Wednesday, as part of a deepening push to establish the country as a global electronics production hub.

Under the plan, India‘s government will extend fiscal support of up to 50% of a project’s cost to eligible display and semiconductor fabricators, the government said in a statement.

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