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Source: The post is based on the article “India Semiconductor Mission” published in PIB on 22nd December 2022
What is the News?
The Minister of State for Electronics and Information Technology has informed Lok Sabha about India Semiconductor Mission(ISM).
What is the India Semiconductor Mission(ISM)?
ISM has been set up as an Independent Business Division within Digital India Corporation.
– Note: Digital India Corporation is a not-for-profit Company set up by the Ministry of Electronics and Information Technology(MeitY) under Section 8 of the Companies Act 2013.
Mandate: It has all the administrative and financial powers and is tasked with the responsibility of catalyzing the India Semiconductor ecosystem in manufacturing, packaging and design.
– It is also the nodal agency for the Schemes approved under Semicon India Programme.
Composition: It has an advisory board consisting of some of the leading global experts in the field of semiconductors.
What is the Semicon India Programme?
Launched in: 2021
Aim: To develop the semiconductor and display manufacturing ecosystem in the country by providing financial support to companies investing in semiconductors, display manufacturing and design ecosystems.
Schemes under the programme
– Modified Scheme for setting up of Semiconductor Fabs in India for attracting large investments for setting up semiconductor wafer fabrication facilities in the country to strengthen the electronics manufacturing ecosystem and help establish a trusted value chain. The scheme extends fiscal support of 50% of the project cost.
– Modified Scheme for setting up Display Fabs in India for attracting large investments for manufacturing TFT, LCD or AMOLED-based display panels in the country to strengthen the electronics manufacturing ecosystem. The scheme extends fiscal support of 50% of Project Cost.
– Scheme for setting up of Compound Semiconductors / Silicon Photonics / Sensors Fab / Discrete Semiconductors Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP) / OSAT facilities in India extend fiscal support of 50% of the Capital Expenditure for setting up of these facilities in India.
– Design Linked Incentive(DLI) Scheme: It offers financial incentives, design infrastructure support across various stages of development and deployment of semiconductor design for Integrated Circuits (ICs), Chipsets, System on Chips (SoCs), Systems & IP Cores and semiconductor linked to design.
