The second phase will support chip design through grants and equity investment, while semiconductor equipment, chemicals, gases and materials will receive a 30 per cent incentive

The Union Cabinet on Wednesday approved the second phase of the India Semiconductor Mission (ISM) with an outlay of Rs 1.27 trillion.

 The Cabinet also cleared the second phase of the Mobile Phone Manufacturing Scheme with an outlay of Rs 62,500 crore.....

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Via business-standard.com