Tejas Networks-owned Saankhya Labs on Wednesday received approval under the semiconductor design-linked incentive (DLI) scheme to develop a system-on-chip (SoC) for 5G telecom infrastructure equipment, it said in an exchange filing.
The semiconductor DLI scheme is part of the government’s Rs 76,000 crore semiconductor incentive scheme. The government kept aside Rs 1,000 crore for the DLI scheme.
“As India’s leading R&D-driven semiconductor and telecom products company, we continue to invest in path-breaking technologies and indigenisation of key components to realise the vision of an Atmanirbhar Bharat in the semiconductor and telecom sector,” said Parag Naik, chief executive officer and managing director of Saankhya Labs.
As part of the scheme, the government will reimburse 50% of the design-related expenditure incurred by startups, with a ceiling of Rs 15 crore. Besides, the government will also provide deployment-linked incentives of 4-6% of net sales turnover over 5 years, subject to a ceiling of Rs 30 crore per application. The incentives will be provided to approved applicants, whose semiconductor design for Integrated Circuits (ICs), Chipsets, SoCs, Systems & IP Cores and semiconductor linked design are deployed in electronic products.
Saankhya’s application for development of SoC was evaluated by Centre for Development of Advanced Computing (CDAC) on behalf of ministry of electronics and IT and granted approval for reimbursement on completion of development milestones, Tejas said.
As of December end, the governemnt approved nine applications under the DLI scheme.