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India eyes seat at global tech patents table with $4 bn design incentive scheme

News Snapshot:

New Delhi: The Centre plans to roll out a design-linked incentive (DLI) scheme of up to $4 billion to power India into the global league of electronics design through local designing of products and components, three officials with direct knowledge of the matter said. The scheme, which will run over several years, will support companies across 30 semiconductor and 30 electronics categories, the people cited above said on the condition of anonymity. The incentives will be given based on value of capital investments (capex) as well as turnover of companies. The idea is to create an ecosystem that encourages tech…

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