Centre to allocate ₹ lakh crore fund for chip manufacturing?
The Centre is reportedly planning to allocate ₹ lakh crore to promote the manufacturing of chips used in electronic devices. Through this fund, subsidies will be provided for chip design projects, manufacturing equipment, and the development of supply chain systems. Much like the United States—which allocated ₹4 lakh crore for chip manufacturing—the Central Government aims to attract global companies through this policy. Reports suggest that this initiative is likely to be launched within the next two or three months.
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