Micron to Receive Funds from Indian Gov’t Under Semiconductor PLI Scheme

The Indian government has initiated the process of disbursing funds to US-based Micron Technology under the production-linked incentive scheme, which is a mega step toward building semiconductor muscle in India.

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It was launched in 2021 by the Narendra Modi government with an outlay of Rs 76,000 crore, and has already been changed in September 2022.

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The Ministry of Electronics & IT Secretary, S Krishnan, said that Disbursal has started for Micron, and for others, including Tata, will start now.

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They are collecting their details in terms of disbursement. The fiscal support is given pari-passu.

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Micron Technology, which promised an overall investment of $2.75 billion in incentives for packaging chips to be used in the automotive sector.

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The Tata Group has also started its journey in semiconductor manufacturing. Its main plant in Assam is likely to take about three years to complete.

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