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Govt offers sops to FAB manufacturers

Govt offers sops to FAB manufacturers

The Union government has decided to apprise all semiconductor wafer fabrication (FAB) manufacturers of the quantum of subsidy/other benefits/support being offered for establishing FAB manufacturing facilities in India.

This is being done in the light of the fact that the Government of India has accorded ‘in principle’ approval for establishing two FAB manufacturing facilities in the country.

The technical requirements, the structure of incentives, the requirement of equity structure and other terms are indicated in the format for Expression of Interest (EoI) available on the website of the Department of Electronics and Information Technology (www.deity.gov.in).

Entities fulfilling the requirements may respond in the prescribed format, within a period of four weeks.

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