The Centre, will soon issue guidelines on semiconductor manufacturing policy, a move that is likely to attract global chip makers to the Indian shores.

“We will very soon issue guidelines on semiconductor manufacturing policy,” IT & Communications Minister A Raja told PTI on the sidelines of an event.

To encourage investments on semiconductor fabrication and other micro and nano technology manufacturing industries, the government, in February, this year announced special incentives and the policy is expected to attract investments of over $10 billion in semiconductor industry in the country.

Under the policy, the government offers capital subsidy through tax breaks to companies for setting up units in India. The minimum investment for availing incentive package stands at Rs 2,500 crore for chip fab units and Rs 1,000 crore for ecosystem players.