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The PLI scheme for semiconductors and displays in India has a budget outlay of over ₹50,000 crore.

Semiconductor manufacturing in India primarily relies on domestic raw materials.

One of the goals of semiconductor PLI is to reduce dependency on foreign chips and assert India’s technological self-reliance.

How many statements given above are correct?

(a) Only one statement

(b) Only two statements

(c) All three statements

(d) None of the statements

1 Answer

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Answer: (a) Only one statement is correct

Explanation: Statement 1 is incorrect; the budget for the semiconductor and display PLI is ₹38,601 crore, not over ₹50,000 crore. Statement 2 is also incorrect as the manufacturing primarily relies on imported materials. Statement 3 is correct as one of the key goals of the PLI for semiconductors is to reduce India's dependency on foreign chips and enhance technological self-reliance.