The government has received five applications for the establishment of semiconductor and display plants under its ₹76,000 crore PLI scheme. The Ministry of Electronics and IT said the companies have proposed to invest a total of $20.5 billion (₹1.53 lakh crore). Vedanta-Foxconn JV, IGSS Ventures and ISMC have proposed to set up semiconductor plants with a total $13.6 billion investment.