Union Minister Ashwini Vaishnaw launched “India Semiconductor Mission”

Sumit Arora Last updated on January 4th, 2022 03:20 pm Leave a comment

Information Technology Minister Ashwini Vaishnaw has launched the India Semiconductor Mission (ISM) to attract large investments for setting up semiconductor wafer fabrication facilities in India. The companies that are interested are invited by the Centre for the development of the semiconductors and display manufacturing ecosystem in India. ISM is a specialised and independent business division within the Digital India Corporation.

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About the mission:

The financial support of up to 50 per cent of the project cost (ceiling of Rs 12,000 crore per fab) will be provided for the scheme for setting up display fabs.
Fiscal support will be provided on ‘pari-passu’ basis for a period of six years from the date of approval both for semiconductor fabs and display fabs.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.