SynopsisThe PLI will be set at 10% of the domestic bill of materials (BoM) value in the first year, staggered to 8%, 6%, 4% and 2% over the next four years, they said. Total government support will be capped at 50% of eligible capital expenditure. The proposed framework will cover research and development facilities, semiconductor-grade materials, test and characterisation facilities, and the manufacture and assembly of semiconductor equipment, the people said.Semiconductor materials and equipment manufacturers will receive a 30% capital subsidy under the India Semiconductor Mission (ISM) 2.0, besides a five-year production-linked incentive tied to domestic value addition, people aware of the matter told ET.This is expected to be announced as part of the detailed guidelines for ISM 2.0 expected this week.The PLI will be set at 10% of the domestic bill of materials (BoM) value in the first year,Now Playing
ISM 2.0 will offer 30% capital subsidy, five-year PLI for chip ecosystem - The Economic Times
The PLI will be set at 10% of the domestic bill of materials (BoM) value in the first year, staggered to 8%, 6%, 4% and 2% over the next four years, they said. Total government support will be capped at 50% of eligible capital expenditure. The proposed framework will cover research and development facilities, semiconductor-grade materials, test and characterisation facilities, and the manufacture and assembly of semiconductor equipment, the people said.
TL;DRAI
ISM 2.0 provides 30% capital subsidy and five-year PLI (10%-2% BoM) for India's semiconductor materials and equipment sectors. Accelerates India's bid for supply-chain autonomy; pressures OEMs to diversify vendors away from China and rebalance capex.
141 words~1 min read
