New Delhi, June 22 -- India is stepping up its bid to build a domestic semiconductor supply chain, with the Centre planning to disburse Rs.7,100 crore in incentives this fiscal year under a fresh set of project targets spanning chip fabrication, manufacturing and design, according to two government officials aware of the development.

The government expects the funding to attract about Rs.15,000 crore in fresh investment and generate around 4,700 jobs.

Under the fiscal year 2027 (FY27) plan, the department of expenditure (DoE) has tasked the ministry of electronics and information technology (MeitY) with supporting one semiconductor fabrication (fab) unit, nine semiconductor manufacturing facilities and 30 semiconductor design companies ...