Budget 2024 May Propel India’s Semiconductor Ascent

India aims to become a semiconductor hub, with an upgraded Rs 10,000 crore incentive plan in the upcoming budget. Building on the current Scheme for the Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), the enhanced plan seeks to boost semiconductor manufacturing. Recent strides, including Micron's $2.75 billion plant in Gujarat and Foxconn's interest, align with the Indian Semiconductor Mission. Focused on ancillary