FCC

Govt to expand Semiconductor DLI scheme to larger firms

2023-08-01

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.