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Technology

Govt bars selling chip plants till declaration of full commercial production under Semicon 2.0 scheme

Economic Times - Tech ·
Govt bars selling chip plants till declaration of full commercial production under Semicon 2.0 scheme

Till declaration of the commercial production of the entire project, the company shall not sell or dispose of the project assets or any part thereof or create thereon any mortgage, lien or charge by way of hypothecation or otherwise, except in the ordinary course of business, without prior approval of the Nodal Agency, the guideline said.

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