SynopsisThe government expects ISM 2.0 to bring in investments worth Rs 4 lakh crore, production worth Rs 2 lakh crore and exports of Rs 1 lakh crore. The government will provide incentives of up to 40% for silicon fabs, and up to 35% for other fabs. With an eye on localising key parts of the semiconductor ecosystem, including materials, gases, chemicals, and semiconductor equipment, up to 30% incentive will be given.The union cabinet has approved the Rs 1.27 lakh crore for India Semiconductor Mission (ISM) 2.0, electronics and information technology minister Ashwini Vaishnaw announced on Wednesday.The government expects ISM 2.0 to bring in investments worth Rs 4 lakh crore, production worth Rs 2 lakh crore, and drive exports of Rs 1 lakh crore. The entire value chain for semiconductors, from sand and silicon ingot wafers, to fabricated wafers, integratedNow Playing
Government approves Rs 1.27 lakh crore ISM 2.0, expects Rs 4 lakh investments - The Economic Times
The government expects ISM 2.0 to bring in investments worth Rs 4 lakh crore, production worth Rs 2 lakh crore and exports of Rs 1 lakh crore. The government will provide incentives of up to 40% for silicon fabs, and up to 35% for other fabs. With an eye on localising key parts of the semiconductor ecosystem, including materials, gases, chemicals, and semiconductor equipment, up to 30% incentive will be given.
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