India’s Semiconductor Mission (ISM) 2024!

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the proposal of Kaynes Semicon Pvt. Ltd. to setup a semiconductor unit in Sanand, Gujarat. This unit is the fifth major project under the ambitious India Semiconductor Mission

Objectives of ISM :

1. This proposed unit got an investment of Rs 3,300 crores. The capacity of this unit will be 60 lakh chips per day.
2. There is a plan of establishment of four semiconductor units in India with a combined investment of nearly Rs 1.5 Lakh Crore.
3. Units which are located in Gujarat(Sanand and Dholera) and Assam (Morigaon) will have a total capacity of 7 crore chips per day.
4. These facilities will totally help the industries including automotives , electronics, telecoms, mobile phones.

More information about ISM : 

1. The ISM mission was launched in 2021 with a total financial budget of 76,000 crore under the supervision of Ministry of electronics and IT.(MEITY)
2. Its main objective is developing a sustainable semiconductor and display ecosystem in India, led by Ministry of electronics and IT.

Main components of ISM :

1. Scheme for semiconductor fabs : It offers support to attract investments for setting up semiconductor wafer fabrication facilities.
2. Scheme for display fabs : Provides support for establishing LCD display fabrication facilities.
3. Scheme for compound semiconductors/silicon photonics/sensors fabs : Offers support for setting up facilities in these areas.

The vision of this mission is to build a vibrant semiconductor and display design ecosystem, positioning India as a global hub for electronics manufacturing and design.

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To read more about ISM and to know more information about the mission , please visit the site given in the link below :

https://ism.gov.in/

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