<span style="color: #222222;">The Government has decided to invite new applications for setting up of Semiconductor Fabs and Display Fabs in India. The applications will be accepted from tomorrow under the Modified Semicon India Programme. The applications will be received by India Semiconductor Mission, the designated nodal agency entrusted with the responsibility of implementing the  Programme for development of semiconductors and display manufacturing ecosystem in India.<br />''<br />''Under the programme, a fiscal incentive of 50 per cent of the project cost is available to companies and joint ventures for setting up of Semiconductor Fabs in India. Similarly, a fiscal incentive of 50 per cent of the project cost is available for setting up of Display Fabs of specified technologies in India. The application window will open till December next year.  <br />''<br />''In 2021, the government had launched the Semicon India Programme, with an outlay of 76 thousand crore rupees for the development of semiconductors and display manufacturing ecosystem in the country.</span><br />