The government announced the formation of a Semicon India advisory committee, which will include top government officials, established academicians, as well as industry and domain specialists. The Minister of Electronics and IT, Ashwini Vaishnaw, will head the Committee, with Rajeev Chandrashekhar, Minister of State, Ministry of Electronics and IT (MeitY), as Vice-Chairperson. The convenor will be MeitY, the Secretary.
- The Union Cabinet recently approved the ‘Semicon India’ programme, which will spend a total of 76,000 crore to strengthen the country’s semiconductor and display manufacturing ecosystem.
- Within Digital India Corporation, a specialised and dedicated “India Semiconductor Mission (ISM)” has been established to drive India’s ecosystem development strategies.
- The group would meet at least once every three months to provide crucial insights to help India’s ecosystem expand sustainably, it said, adding that the committee’s term will be one year, after which it will be reformed with the Minister of Electronics and Information Technology’s consent.
- The newly created Advisory Committee will lead the objectives in a systematic, efficient, and strategic manner, the government stated in a statement.