New Delhi, July 31 -- The government's target of nurturing 100 fabless semiconductor companies under the Semicon 2.0 programme is achievable, although approvals will continue to be based on the quality of proposals, Amitesh Kumar Sinha, Additional Secretary in the Ministry of Electronics and Information Technology (MeitY) and CEO of the India Semiconductor Mission (ISM), said on Friday.

"Actually, this 100 number is doable. Right now, we have given approval to 24. But let us not put a number to any kind of scheme. Because it depends upon the credibility of the proposal," Sinha told ANI on the sidelines of the India Fabless Semiconductor Design Acceleration Workshop.

He said the same principle adopted under Semicon 1.0 would continue und...