With an objective to position India as the global hub for Electronic System Design and Manufacturing, the Union government has formulated a comprehensive program for the development of sustainable semiconductor and display ecosystem in the country. The program approved by the cabinet chaired by Prime Minister Narendra Modi, is expected to usher in a new era in electronics manufacturing by providing a globally competitive incentive package to companies in semiconductors and display manufacturing as well as design. 

Information Technology Minister Ashwini Vaishnaw launched the India Semiconductor Mission. Speaking to journalists, Vaishnaw said companies which are interested in tapping the Rs 76,000-crore incentives earmarked by the Centre for development of semiconductors and display manufacturing ecosystem in India can begin applying for the same from January 1st.

“The schemes have been notified and uploaded on the website. A portal for the same has been prepared for receiving the applications”, Vaishnaw said. The India Semiconductor Mission (ISM) is a specialized and independent business division within the Digital India Corporation. It has been set up with the aim of building a vibrant semiconductor and display ecosystem to enable India’s emergence as a global hub for electronics manufacturing and design.