According to sources with deep knowledge of the matter, the cloud software major is currently seeking incentives under the production-based incentive (PLI) scheme.
Government announces chip incentive schemes worth Rs 76,000 crore aimed at catalyzing the semiconductor value chain in 2021
Manufacturing, packaging and testing of microchips.
When reached, Chennai-headquartered Zoho did not immediately comment on the development.
In March, Zoho founder and CEO Sridhar Vembu announced plans to build an advanced chip design facility in Tenkasi district of Tamil Nadu.
Responding to an X post by Ananth Ayyasamy, a BJP leader from Tenkasi, Vemb said that they are planning a "semiconductor design project" in Tenkasi. In the last few years, there has been an increase in activity on the semiconductor manufacturing front in the country. year, with some big announcements.
According to the latest data from India Cellular and Electronics Association (ICEA), the current electronics manufacturing is worth around $103 billion, which is equivalent to a semiconductor requirement of $26-31 billion.
Since the country aims to take electronics production to $300 billion by FY26, I expect semiconductor demand to increase by at least $100 billion.
ICEA data showed that in FY23, integrated circuits (IC) imports reached $16.14 billion
$12 billion was only for mobile phones.
In March this year, PM Modi had laid the foundation stone of three semiconductor projects worth Rs 1.2 lakh crore.
Government announces chip incentive schemes worth Rs 76,000 crore aimed at catalyzing the semiconductor value chain in 2021
Manufacturing, packaging and testing of microchips.
When reached, Chennai-headquartered Zoho did not immediately comment on the development.
In March, Zoho founder and CEO Sridhar Vembu announced plans to build an advanced chip design facility in Tenkasi district of Tamil Nadu.
Responding to an X post by Ananth Ayyasamy, a BJP leader from Tenkasi, Vemb said that they are planning a "semiconductor design project" in Tenkasi. In the last few years, there has been an increase in activity on the semiconductor manufacturing front in the country. year, with some big announcements.
According to the latest data from India Cellular and Electronics Association (ICEA), the current electronics manufacturing is worth around $103 billion, which is equivalent to a semiconductor requirement of $26-31 billion.
Since the country aims to take electronics production to $300 billion by FY26, I expect semiconductor demand to increase by at least $100 billion.
ICEA data showed that in FY23, integrated circuits (IC) imports reached $16.14 billion
$12 billion was only for mobile phones.
In March this year, PM Modi had laid the foundation stone of three semiconductor projects worth Rs 1.2 lakh crore.
