Beyond RS 76k crore: government to scale up semiconductor package

NEW DELHI: Government is looking at rolling out a fresh multi-billion-dollar incentive package for semiconductor companies after nearly exhausting the Rs 76,000-crore plan that was launched in Dec 2021 for supporting investing companies, top sources told TOΙ.

Preliminary work on the new package, which is "in all likelihood to be much bigger than the previous one", has already begun, even though announcements in this regard will be made only once the new govt takes charge post the national elections, they said.