India, Aug. 23 -- The government has reportedly committed around INR 62,900 Cr, nearly 97% of the INR 65,000 Cr, earmarked for semiconductor manufacturing incentives.

A PTI report, citing Electronics and IT Secretary S Krishnan, said that the funds left can accommodate only small projects.

He further said that under the INR 76,000 Cr India Semiconductor Mission, INR 65,000 Cr was allocated for chip production, INR 10,000 Cr for the modernisation of the Semiconductor Laboratory in Mohali and INR 1,000 Cr for the design-linked incentive scheme.

This comes a few days after the Minister of State for Electronics and Information Technology, Jitin Prasada, has reportedly said that the country's first homegrown chip is expected to be launched ...