Govt to expand Semiconductor DLI scheme to larger firms
Technology

Govt to expand Semiconductor DLI scheme to larger firms

Rajeev Chandrasekhar, the minister of state for electronics and IT, announced on Saturday that the government would expand the design-linked incentive (DLI) scheme for semiconductor companies to include larger enterprises, both foreign and Indian.

"We see this initiative expanding to include bigger businesses as well. We are open to considering suggestions that would allow large fabless companies to design in India, own or co-own intellectual property there, collaborate with startups there or do so independently and qualify for financial support under the DLI scheme, Chandrasekhar said.

$200 million has been put aside by the government to support semiconductor design companies' innovative efforts.

Seven firms have received financial approval thus far for products ranging from image sensors and vector processing to artificial intelligence (AI).

The program is a component of the government's $10 billion India semiconductor mission, which was launched in 2021.

Rajeev Chandrasekhar, the minister of state for electronics and IT, announced on Saturday that the government would expand the design-linked incentive (DLI) scheme for semiconductor companies to include larger enterprises, both foreign and Indian. We see this initiative expanding to include bigger businesses as well. We are open to considering suggestions that would allow large fabless companies to design in India, own or co-own intellectual property there, collaborate with startups there or do so independently and qualify for financial support under the DLI scheme, Chandrasekhar said. $200 million has been put aside by the government to support semiconductor design companies' innovative efforts. Seven firms have received financial approval thus far for products ranging from image sensors and vector processing to artificial intelligence (AI). The program is a component of the government's $10 billion India semiconductor mission, which was launched in 2021.

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?