India is keeping the process open-ended, doing away with a previous 45-day requirement to submit applications, the report said.
The South Asian country now plans to allow companies to
apply again and is set to accept applications until its budgeted
$10 billion in incentives is exhausted, the report said.
The previously announced short window for applications led to just a few applicants for the scheme, including a partnership between Vedanta Resources Ltd and Taiwan's Foxconn , and a consortium that includes Tower Semiconductor Ltd , Bloomberg said.
Last September, Vedanta and Foxconn, formally called Hon Hai Precision Industry Co, signed a pact with the western Indian state of Gujarat to invest $19.5 billion to set up semiconductor and display production plants.
India announced the incentives to help make the country
a key player in the global chip supply chain.
(Reporting by Jose Joseph in Bengaluru; Editing by Tom Hogue
and Christian Schmollinger)
