After Tata, India to set up second chip factory by 2031 with investment of at least $2 billion

Focus on the first display

The second key area of focus, he said S. Krishnan, secretary of Meity, to set up India’s first display chip factory. “We don’t have a display factory in the country yet, so this will create one clear area of focus under Semicon 2.0,” the official added. Showcase fab projects in India will get 35% of their project cost as cash incentives from the Centre, in addition to state government sops. Companies applying must make a minimum investment ₹10,000 crore ($1 billion) of their equity in the project and must report at least ₹Revenues of $5,000 million (US$525 million) for the fiscal year 26.