India bars Semicon 2.0 chip plants from selling or mortgaging assets before full production

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India bars Semicon 2.0 chip plants from selling or mortgaging assets before full production

India has barred semiconductor projects approved under its Semicon 2.0 program from selling, disposing of, or mortgaging project assets until commercial production of the entire project is declared, according to guidelines issued on September 17, 2026. The rules attach lock-in conditions on assets, operations, and ownership to the INR1.27 trillion (US$13.22 billion) incentive scheme.

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