Centre Mulls Expanding Scope Of INR 76,000 Cr India Semicon Mission

Centre Mulls Expanding Scope Of INR 76,000 Cr India Semicon Mission

SUMMARY

The government is keen to widen the scope of incentives under India Semiconductor Mission (ISM) to cover display fabrication companies, raw material suppliers, gas suppliers and chip packaging companies

The Centre aims to attract more investments in the semiconductor sector from different sub-sectors, as extending sops only to set up fabs or OSAT units wouldn’t "suffice", said Akash Tripathi, chief executive of ISM

The Centre is also looking to increase the budget of the INR 76,000 Cr scheme since sops worth INR 60,000 Cr have already been allocated 

In an effort to strengthen India’s position in the global semiconductor ecosystem, the Centre is considering expanding the scope of India Semiconductor Mission (ISM).

The government is keen to widen the scope of incentives under the scheme to cover display fabrication companies, raw material suppliers, gas suppliers and chip packaging companies and other vendors in the semiconductor ecosystem, Akash Tripathi, the chief executive of India Semiconductor Mission, was cited as saying by Moneycontrol.

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