ENA Sectors 2021-10-27 11:50:08 <p><strong>New Delhi, 27 Oct (KNN)</strong> The Government of India is working on a semiconductor design-linked incentive policy as the crunch of chips has jolted the global supply chain.</p> <p>It would focus on promoting domestic manufacturing and bring international companies to India.</p> <p>According to official sources the scheme envisions to offer financial and infrastructure assistance to MSMEs throughout various stages.</p> <p>It is also mentions that under the scheme additional incentive shall be availed on their net sales turnover after the production and selling of chips in market is done.</p> <p>This scheme would be not only empower MSMEs and startups but give India a much needed push for its aspiration of being self-reliant.</p> <p>As per IBEF report, the Indian semiconductor industry offers high growth potential areas as the industries which source semiconductors as inputs are themselves witnessing high demand.</p> <p>The end-use industries such as mobile devices, telecommunication equipment, information technology, office automation (IT &amp; OA), industrial machinery, automobiles and several other industries have applications for computing in some form or other and thereby necessarily have growing demand for semiconductors.</p> 27575 https://knnindia.co.in/news/newsdetails/sectors/goi-plans-semiconductor-incentive-policy-amid-shortage 2021-10-27 11:50:08 knnindia.co.in