: GoI plans semiconductor incentive policy amid shortage #finance #StockMarketNEWS GoI plans semiconductor incentive policy amid shortage New Delhi, 27 Oct (KNN) The Government of India is working on
GoI plans semiconductor incentive policy amid shortage #finance #StockMarketNEWS
GoI plans semiconductor incentive policy amid shortage New Delhi, 27 Oct (KNN) The Government of India is working on a semiconductor design-linked incentive policy as the crunch of chips has jolted the global supply chain.
It would focus on promoting domestic manufacturing and bring international companies to India.
According to official sources the scheme envisions to offer financial and infrastructure assistance to MSMEs throughout various stages.
It also mentions that under the scheme additional incentive shall be availed on their net sales turnover after the production and selling of chips in market is done.
This scheme would not only empower MSMEs and startups but give India a much needed push for its aspiration of being self-reliant.
As per IBEF report, the Indian semiconductor industry offers high growth potential areas as the industries which source semiconductors as inputs are themselves witnessing high demand.
The end-use industries such as mobile devices, telecommunication equipment, information technology, office automation (IT & OA), industrial machinery, automobiles and several other industries have applications for computing in some form or other and thereby necessarily have growing demand for semiconductors.
Latest stock market news Twitter alternate of India
0 Reactions React
More posts by @newsMNC
: Govt unveils ODOP ‘Dilli Bakes’ under PMFME Scheme #finance #StockMarketNEWS Govt unveils ODOP ‘Dilli Bakes’ under PMFME Scheme New Delhi, 29 Oct (KNN) The Ministry of Food Processing Industries,
0 Reactions React
: India sees big opportunity amidst chip crisis #finance #StockMarketNEWS India sees big opportunity amidst chip crisis New Delhi, 28 Oct (KNN) The chip deficit has stormed various sectors such as electronics,
0 Reactions React
0 Comments
Sorted by latest first Latest Oldest Best
Terms of Use Create Support ticket Your support tickets Stock Market News! © babycheers.com2024 All Rights reserved.