India allocates ₹1.28 trillion for semiconductor development
pre-market1 source ↓written by the desknot a recommendation
- for semiconductor support
- ₹1.28 trillion
- for mobile phone
- ₹625 billion
India’s cabinet approved ₹1.28 trillion for semiconductor support and ₹625 billion for mobile phone manufacturing over five years. This funding aims to enhance chip design, fabrication plants, and R&D, building on previous incentives from 2021. The initiative is expected to boost local tech manufacturing and attract investments in the sector. 📈
Not investment advice. For informational purposes only.