India Semiconductor Mission (ISM)
Current Affair 1:
News:
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About the mission:
The ISM was launched in 2021 with a total financial outlay of Rs76,000 crore under the aegis of the Ministry of Electronics and IT (MeitY).
It is part of the comprehensive program for the development of sustainable semiconductor and display ecosystems in the country.
ISM has been working as nodal agency for the Schemes approved under Semicon India Programme.
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Government has approved the Semicon India programme with a total outlay of INR 76,000 crore for the development of semiconductor and display manufacturing ecosystem in the country.
The programme has further been modified in view of the aggressive incentives offered by countries already having established semiconductor ecosystem and limited number of companies owning the advanced node technologies.
The modified programme aims to provide financial support to companies investing in semiconductors, display manufacturing and design ecosystem. This will serve to pave the way for India’s growing presence in the global electronics value chains. |
There are four components to it:
