Govt commits 97 pc of funds earmarked for chip manufacturing

New Delhi, Aug 22 (PTI) The government has committed around Rs 62,900 crore, or 97 per cent, of the Rs 65,000 crore fund earmarked as incentives for semiconductor production in the country, a top official said on Friday.

While briefing on the Semicon India 2025 event, Electronics and IT Secretary S Krishnan said the funds left can accommodate only small projects.

He said that under the Rs 76,000 crore India Semiconductor Mission, Rs 65,000 crore was allocated for chip production, Rs 10,000 crore for the modernisation of the Semiconductor Laboratory in Mohali and Rs 1,000 crore for the design-linked incentive scheme.

"Out of this Rs 65,000 crore, I think we have committed close to Rs 62,900 crore or so already. We have limited funding, which we have available; we might be able to just accommodate two or three small projects," Krishnan said.

Talking about the Semicon India event, he said that the three-day event will be held from September 2-4 at Yashobhoomi in the national capital, which is expected to be attended by delegates from 33 countries and over 50 top-level executives of global semiconductor companies. PTI PRS BAL BAL