by Rajendra K Chodankar, Chairman & CEO, RRP Electronics Ltd. (Semiconductor Sector).
“The Budget has proposed a significant increase in allocation to MeitY by 48% to Rs. 26,000 crore which includes subsidies for semiconductor also. The welcome move by the Government to promote compound semiconductors is also very heartening and will indeed take India beyond horizons. We are very confident that Government of India will announce Semiconductor Mission 2.0, which will boost the sector and put India on World map. I am very confident that in the changing dynamics of the World, Indian Semiconductor players like us and the others are going to play a major role and the unstinted support by Government of India and State of Maharashtra is very pivotal in the short to long run.”