BOMBAY TRIBUNE
Union Cabinet has approved programme for Development of Semiconductors and Display Manufacturing Ecosystem in the country.
Union Cabinet has approved programme for Development of Semiconductors and Display Manufacturing Ecosystem in the country. Briefing reporters after the Cabinet meeting in New Delhi today, Information and Broadcasting Minister Anurag Thakur said, 76 thousand crore rupees will be spent on this project in the next six years. He said, this will strengthen India’s journey towards Aatma Nirbhar Bharat.
Speaking on the occasion, Electronics and IT Minister Ashwini Vaishnaw said, in the last seven years, the country has reached 75 billion US dollars in the electronic manufacturing sector. He added that in the next six years it will reach up to 300 billion US dollars. He said, today the cabinet has taken a historic decision to develop a complete ecosystem of semi-conductor.
AIR correspondent reports, the decision will have multiplier effects across different sectors and this will contribute significantly to achieve one trillion US dollar digital economy and five trillion US dollar GDP by 2025.