No funding issue for semicon projects, committed Rs 62K cr incentive: Meity
The government has committed about Rs 62,000 crore in incentives for electronic plants and there is no issue in funding semiconductor projects, Electronics and IT Secretary S Krishnan has said.
He told PTI that out of Rs 76,000 crore approved earlier, the government still has scope to accommodate small projects and will approach authorities when there are new projects in place.
"Out of the Rs 76,000 crore intended for the semiconductor mission, we have committed about Rs 62,000 crore, including the last scheme which was cleared for Kaynes. As of now, wherever claims have come up, we are settling them with maximum dispatch, and there is no funding issue right now at all," Krishnan said.
The government has approved five semiconductor projects entailing investments of around Rs 1.52 lakh crore or about USD 18 billion.
He said that some funding is required for the Semiconductor Laboratory's modernization in Mohali.
"We still have some funds to take up some smaller projects and approv
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