Indian Government Launches Modified Semicon India Programme, Invites Applications

The Indian government has announced the commencement of new applications for the establishment of Semiconductor Fabs and Display Fabs in India under the Modified Semicon India Programme from June 01, 2023. This initiative aims to develop a robust semiconductor and display manufacturing ecosystem within the country. The India Semiconductor Mission, the designated nodal agency responsible for implementing the program, will oversee the application process.

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Fiscal Incentives for Semiconductor Fabs and Display Fabs

Companies, consortia, and joint ventures interested in setting up Semiconductor Fabs in India, regardless of their node (including mature nodes), will be eligible for a fiscal incentive equal to 50 percent of the project cost. Similarly, a fiscal incentive of 50 percent of the project cost will be available for the establishment of Display Fabs utilizing specified technologies in India. These incentives are intended to encourage investment and promote growth in the semiconductor and display manufacturing sectors within the country.

Application Window and Modified Schemes

The application window for the “Modified Scheme for setting up of Compound Semiconductors/Silicon Photonics/Sensors Fab/Discrete Semiconductors Fab and Semiconductor ATMP/OSAT facilities in India” will remain open until December 2024.

This extended timeframe allows interested parties ample opportunity to prepare and submit their proposals. Furthermore, the application window for the Design Linked Incentive Scheme, a part of the Modified Semicon India Programme, will also remain open until December 2024.

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