India Semiconductor Mission (ISM)

India Semiconductor Mission Latest News

The government recently approved four additional semiconductor manufacturing projects in the states of Odisha, Punjab, and Andhra Pradesh under the India Semiconductor Mission (ISM).

About India Semiconductor Mission

• It is a specialized and independent institution under the Ministry of Electronics and Information Technology (MeitY), Government of India.
• It is an independent Business Division within the Digital India Corporation.
• It aims to build a vibrant semiconductor and display ecosystem to enable India’s emergence as a global hub for electronics manufacturing and design.
• ISM has all the administrative and financial powers and is tasked with the responsibility of catalysing the India Semiconductor ecosystem in manufacturing, packaging, and design. 
• ISM has an advisory board consisting of some of the leading global experts in the field of semiconductors.
• ISM is serving as the nodal agency for efficient, coherent, and smooth implementation of the programme for development of semiconductor and manufacturing ecosystem in India.
• ISM has been working as a nodal agency for the schemes approved under the Semicon India Programme.

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Key Facts about Semicon India Programme

• The ISM was launched in 2021 with a total financial outlay of Rs. 76,000 crores under the aegis of the Ministry of Electronics and IT (MeitY), Government of India.
• It is part of the comprehensive program for the development of sustainable semiconductor and display ecosystems in the country. 
• The programme aims to provide financial support to companies investing in semiconductors, display manufacturing, and design ecosystem.
• It also promotes and facilitates indigenous Intellectual Property (IP) generation and encourages, enables, and incentivizes the Transfer of Technologies (ToT).
• The following four schemes have been introduced under the aforesaid programme:
  • Scheme for setting up of Semiconductor Fabs in India.
  • Scheme for setting up of Display Fabs in India.
  • Scheme for setting up of Compound Semiconductors/Silicon Photonics/ Sensors Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP)/OSAT facilities in India.
  • Design Linked Incentive (DLI) Scheme.

Source: NIE