Chip industry pushes back as govt plans market-linked DLI 2.0 sops

Under DLI 1.0, companies were required to first spend their own money and then claim up to 50% reimbursement from the government, with the support capped at Rs 15 crore per applicant. In DLI 2.0, the proposal is to move to a joint funding mechanism: for every rupee put in by a company’s investors, the government would put in an equal amount.