Overview
- Reports say the fund, exceeding ₹1 trillion, would subsidize chip design, manufacturing equipment and supply‑chain development.
- People familiar with the discussions say terms remain in flux and could change; the technology ministry did not comment.
- The plan would build on the 2021 $10 billion incentive scheme that covered up to 50% of setup costs and attracted Micron, Tata and Foxconn.
- India frames the effort within a global push to bolster semiconductor capacity, drawing comparisons to the smaller‑scale counterpart of the U.S. Chips and Science Act.
- Officials emphasize engineering and design talent to lure manufacturers, pointing to Apple now assembling about 25% of iPhones in India.