Govt likely to come up with policy to incentivise semiconductor ancillary firms: Rajeev Chandrasekhar

Govt likely to come up with policy to incentivise semiconductor ancillary firms: Rajeev Chandrasekhar

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FAQs - Government Policy for Semiconductor Ancillary Firms

Frequently Asked Questions

1. What is the Indian government's plan for semiconductor ancillary firms?

The Indian government is likely to introduce a scheme to incentivize semiconductor ancillary firms. This initiative has been indicated by Rajeev Chandrasekhar, the Minister of State for Electronics and IT.

2. Why is the government considering incentives for semiconductor ancillary firms?

The government is considering incentives to address the disability issue faced by the semiconductor industry in India. The aim is to support and encourage the development and competitiveness of semiconductor ancillary firms within the country.

3. Who mentioned the possibility of a new policy for semiconductor ancillary firms?

Rajeev Chandrasekhar, the Minister of State for Electronics and IT, mentioned that the government may come up with a policy to incentivize semiconductor ancillary firms.

4. Are there any specific incentives that have been discussed for the semiconductor ancillary industry?

While specific incentives have not been detailed in the provided search results, the government has acknowledged the industry's needs and has expressed the intention to introduce a scheme that would be supportive of both semiconductor companies and their ancillary industries.

5. What issues are semiconductor ancillary firms facing that the government wants to address?

The semiconductor ancillary firms are facing "disability" issues, which could refer to challenges such as higher production costs, logistical difficulties, or technological barriers that hinder their competitiveness in the global market.

6. Have any industry representatives commented on the need for incentives for the semiconductor ancillary firms?

Yes, industry representatives, like Sanjay Gupta, chairperson of the India Electronics and Semiconductor Association (IESA), have urged the government to extend incentive schemes to the ancillary semiconductor industry to support the supply chain partners.

7. Is there a timeline for when the government will introduce the incentive scheme for semiconductor ancillary firms?

As of the information provided, a specific timeline for the introduction of the incentive scheme has not been detailed. Nonetheless, the government has indicated movement in this direction.

8. Has the government shown interest in supporting other aspects of the semiconductor industry apart from the ancillary firms?

Yes, the government has also been evaluating startups for a semiconductors design subsidy scheme, suggesting a broader interest in supporting various sectors within the semiconductor industry.

Please note that these FAQs are based on the search results provided and information may be updated over time. For the most current information, it is always best to check the latest releases from the government or the latest news articles.