(Corrects dateline to NEW DELHI/WASHINGTON, not DUBLIN)
NEW DELHI/WASHINGTON (Reuters) – India’s cabinet has approved a $2.7 billion plan by Micron Technology to set up a semiconductor testing and packaging unit ahead of Prime Minister Narendra Modi’s visit to the U.S. this week, a senior government source told Reuters.
Micron’s plant is set to be built in Modi’s home state of Gujarat and the government will dole out production-linked incentives worth 110 billion rupees ($1.34 billion), the Indian official added. He declined to be identified ahead of a planned announcement during Modi’s U.S. trip.
Spokespeople for Micron and the Indian government, including its technology ministry, did not respond to requests for comment.
(This story has been refiled to correct the dateline to NEW DELHI/WASHINGTON, not DUBLIN)
(Reporting by Aditya Kalra, Aftab Ahmed and Trevor Hunnicutt; Editing by Conor Humphries and David Goodman)
