Electronic System Design and Manufacturing Sector – M-SIPS, National Policy on Electronics, etc.

[pib] India Semiconductor Mission (ISM)

Prelims Only | Economics | Mains Paper 3: Infrastructure: Energy, Ports, Roads, Airports, Railways Etc.

Why in the News?

The Union Cabinet has approved the proposal by Kaynes Semicon Pvt Ltd to establish a semiconductor unit in Sanand, Gujarat. This is the 5th semiconductor unit to be approved under the India Semiconductor Mission (ISM).

About India’s Semiconductor Mission (ISM):

	Details
Launch Year	2021
Financial Outlay	₹76,000 crore
Backing by	Ministry of Electronics and IT (MeitY)
Objective	Develop a sustainable semiconductor and display ecosystem in India.
Primary Goal	Provide financial support to companies investing in semiconductor and display manufacturing and design ecosystem.
Leadership	Envisioned to be led by global experts in the Semiconductor and Display industry.
Components	Scheme for Semiconductor Fabs: Fiscal support to set up semiconductor wafer fabrication facilities. Scheme for Display Fabs: Fiscal support for setting up TFT LCD/AMOLED display fabrication facilities. Scheme for Compound Semiconductors / Silicon Photonics / Sensors Fab and ATMP/OSAT: 30% fiscal support for setting up compound semiconductors, silicon photonics, sensors fabs, and ATMP/OSAT facilities. Design Linked Incentive (DLI) Scheme: Financial incentives and design infrastructure support for semiconductor design for ICs, chipsets, SoCs, systems & IP cores.
Vision	To develop India into a global hub for semiconductor and display manufacturing and design.

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