Saankhya Labs, a subsidiary of Tejas Networks has announced that the Ministry of Electronics and Information Technology, Government of India (MeitY) has approved its application under Government of India’s Semiconductor Design Linked Incentive (DLI) scheme for the development of a System-on-Chip (SoC) for 5G telecom infrastructure equipment.
The Design Linked Incentive (DLI) Scheme offers financial incentives as well as design infrastructure support across various stages of development and deployment of semiconductor design for Integrated Circuits (ICs), Chipsets, System on Chips (SoCs), Systems & IP Cores. Saankhya’s application for development of SoC was evaluated by CDAC (Centre for Development of Advanced Computing) on behalf of MeitY and granted approval for reimbursement on completion of development milestones.
Parag Naik, CEO & Managing Director of Saankhya Labs, said, “We thank the Ministry of Electronics and Information Technology, Government of India and CDAC, the DLI implementing agency, for approving our application under the Semiconductor Design Linked Incentive scheme for the Development of a System-on-Chip for 5G Telecom infrastructure equipment. DLI is an excellent policy initiative by Government of India that helps Indian R&D companies to build valuable Intellectual Property and develop world-class semiconductor products for domestic and international markets. 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 realize the vision of an Atmanirbhar Bharat in the semiconductor and telecom sector.”
