Cabinet okays Rs 76000 crore semiconductor incentive plan with ambitious fab targets

Only one to two display fabs, but ten units each for chips

The Cabinet has cleared a Rs 76,000-crore incentive scheme aimed at strengthening India’s semiconductor ecosystem. Officials say the plan targets one to two fabrication units for displays, alongside 10 units each for designing and manufacturing components. Semiconductors underpin everything from automobiles to smartphones, making the push central to reducing supply risks and boosting local capacity.