The Indian government’s Design Linked Incentive (DLI) Scheme for semiconductors has garnered significant interest, with over 28 proposals received from various companies, including startups. The Minister of State for Electronics and IT, Rajeev Chandrasekhar, highlighted the scheme’s success and outlined plans for its expansion.
Expanding the DLI Scheme
The government intends to broaden the scope of the DLI scheme to encompass foreign semiconductor companies. This expansion will enable foreign firms to collaborate with Indian startups for semiconductor design within India. The move aims to strengthen India’s semiconductor ecosystem and foster innovation in the field.
Encouraging Indian Startups
Minister Chandrasekhar emphasized the government’s commitment to encouraging Indian startups to participate in the future DESIGN DLI scheme under the ‘India Semiconductor Mission.’ This initiative seeks to support and promote homegrown semiconductor businesses.
Micron’s Investment
The groundbreaking ceremony for Micron’s 2.75 billion ATMP (Assembly, Testing, Marking, and Packaging) plant in Gujarat was cited as a pivotal development in India’s semiconductor landscape. The government recognizes the significance of such investments in bolstering the domestic semiconductor industry.
Conclusion
The enthusiastic response to the DLI scheme underscores the growing interest and potential in India’s semiconductor sector. The government’s efforts to expand the scheme and collaborate with foreign companies reflect a strategic approach to strengthening the country’s semiconductor ecosystem and fostering innovation.
