Following the success of the Production Linked Incentive (PLI) scheme, India is gearing up to unveil a more substantial incentive package for semiconductor manufacturing, as foreign companies express keen interest. This proposed package is poised to be rolled out as a priority agenda under the auspices of the new government. The move aligns with the surge in proposals flooding the semiconductor sector, with several ventures advancing to stages necessitating pivotal decisions and incentives from the central government. Presently, chip fabricators and display manufacturers receive financial support of up to 50 percent of the project cost. With nations like the US and China unveiling notably larger packages to attract semiconductor investments, India is poised to adopt a more assertive stance to entice foreign players and bolster its semiconductor manufacturing sector.

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