according to the manufacturers semiconductors are a crucial component in the production of light motor vehicles as they are used for varied functionality and user experiences like navigation parking and safety and driver assistance functionsgurgaon industries in gurgaon particularly the automobile makers have welcomed the union governments recent policy push for the manufacturing of semiconductors and display units that they believe would eventually fix the supply chain disruption and boost the production of light motor vehiclesaccording to the automotive industry the rs 76000crore productionlinked incentive pli scheme will help address the issue of the shortage of semiconductors that are a crucial element in the production of light motor vehicles the move they claim will also help reduce their dependency on countries like china and the uncertainty over imports due to crossborder trade restrictions owing to covid19 or any geopolitical issue advt the union cabinet on wednesday gave its nod to the pli scheme aimed at making the country selfreliant for the semiconductors and creating new employment opportunities through the setting up of 100 new domestic semiconductor design companies and 15 compound semiconductors and packaging units it aims to train around one lakh engineers and technicians to work in these new plantsaccording to the manufacturers semiconductors are a crucial component in the production of light motor vehicles as they are used for varied functionality and user experiences like navigation parking and safety and driver assistance functionssemiconductors play a crucial role in the automobile sector they are required in the manufacturing of light vehicles as technology has become a mainstay second to the core mechanical capacities for the manufacturers and any disruption in the supply chain adversely impacts the production during the pandemic the pinch was felt the most said the md of gurgaonbased bajaj motorsits certainly good news for the automobile manufacturers of the district they wont have to run to other countries for these crucial elements in the production of cars said gurgaon industrial association gia president jn mangla advt also read will pli scheme for fab making alter the fate of auto oemscovid19 and semiconductor shortage affected the operations of auto oems from january 2021 by midyear they were in a tricky spot as they could not produce to meet the swelling demand for some of the highest selling models for want of the microchips indications are that the situation may take a few more months to improve and the shortage may occur again it is in this background that the union cabinets approval on wednesday of incentives worth inr 76000 crore usd 10 billion at current rates under the productionlinked incentive pli scheme for the development of semiconductors and display manufacturing ecosystems for the next six years to make india a global electronics hub gains significancesee more details chipmakers seek clarity on sweeteners offered under rs 76000cr pli schemestakeholders also want to know whether states can offer incentives to the semiconductor ecosystem that is over and above the centres grants and how fast approvals will come through for