With refer to earlier disclosures made regarding setting up of an Outsourced Semiconductor Assembly and Test (OSAT) facility and the grant of subsidy for the said project under the Modified scheme for setting up of Compound Semiconductors / Silicon Photonics / Sensors Fab/ Discrete Semiconductors Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP)/ Outsourced Semiconductor Assembly and Test (OSAT) facilities in India. The India Semiconductor Mission (ISM) under the Ministry of Electronics and Information Technology, Government of India (MeitY) had approved the grant of subsidy/fiscal support towards capex, of up to Rs 3,501 crores, subject to the execution of Fiscal Support Agreement, CG Power and Industrial Solutions has informed that the CG Power and Industrial Solutions (Company), ISM and CG Semi (Subsidiary Company/Project Company incorporated for setting up the OSAT facility) has today i.e. 17th January, 2025 entered into the Fiscal Support Agreement.
The above information is a part of company’s filings submitted to BSE.
