On December 29, 2021, Information Technology Minister Ashwini Vaishnaw launched the India Semiconductor Mission.
Highlights:
Interested companies will be able to apply for the scheme beginning January 1, 2022, if they want to take advantage of the Rs 76,000-crore incentives set aside by the central government for developing semiconductors and demonstrating India’s manufacturing ecosystem.
In order to receive applications for the scheme, a portal has been created.
The India Semiconductor Mission is a government-led initiative to develop semiconductors in India (ISM)
Digital India Corporation’s ISM is a specialized and self-contained business division.