India is booming its electronics and IT sector in a rapid way. It is one of the sectors which yields most of the income for India. The most important invention in the field of electronics is nothing but the semiconductor. Now a days semiconductor is being the most important and investable product while we manufacture anything which has connectivity and electronic feature in it. Even the vehicle manufacturing sector has come to a halt because of the shortage of the semiconductors. To increase the production and being self-reliant in the semiconductor can be considered as a synonym to the development. India has launched its Semiconductor mission name India Semiconductor Mission with an objective of the same. Through this blog let us look into the Semiconductor Mission India – CEO, Top Semiconductor Stocks
India Semiconductor Mission – Explained General Overview
India Semiconductor Mission (ISM) is considered to be a specialized and independent Business Division within the ambit of Digital India Corporation that aims to build a vibrant semiconductor and display ecosystem to accelerate India’s emergence as a global hub for electronics manufacturing and design. The mission is led by global experts of the Semiconductor and display ecosystem and it aims to serve as a focal point for the comprehensive, coherent, efficient, and smooth deployment of the Program for Development of Semiconductor and Display Ecosystem in consultation with the Government ministries/departments/agencies, industry, and academia. It has financial as well as administrative autonomy for building semiconductors and display manufacturing ecosystem. The mission act as a nodal agency for the programs listed below:
- India semiconductor mission is designated to negotiate the applicants about the node size, generation, capacity, appropriate technology mix, etc.
- It can recommend one or more applicants to Semiconductor Fab Scheme depending upon the receipt of the applications
- It can recommend one or more applicants to Display fab scheme depending upon the receipt of the applications.
Objectives of the India Semiconductor Mission (ISM)
- To establish a comprehensive long-term policy for the development of sustainable semiconductors, display manufacturing facilities and design eco system etc
- Facilitate the adoption of secure microelectronics and developing a reliable semiconductor supply chain including raw materials, speciality chemicals, gases, equipment etc.
- Ensure the growth of the semiconductor industry by providing support in the form of Electronic Design Automation (EDA) tools, foundry services and other suitable mechanisms.
- Enable research in the field of semiconductors through global collaborations, grants and other mechanisms.
- Enable collaborations with national, international agencies and promote research, commercialization and skill development.
Schemes Under India Semiconductor Mission
Currently there are 4 schemes which are proposed and are running under the India Semiconductor Mission. Those schemes are as follows:
- Schemes for setting up of Semiconductor Fabs
- Schemes for setting up of display Fabs
- Scheme for setting up of Compound Semiconductors / Silicon Photonics / Sensors Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP) / OSAT facilities in India:
- Design Linked Incentive Scheme
Schemes for setting up of Semiconductor Fabs
provides fiscal support to eligible applicants for setting up of Semiconductor Fabs which is aimed at attracting large investments for setting up semiconductor wafer fabrication facilities in the country. Following fiscal support has been approved under the scheme:
- 28nm or Lower – Up to 50% of the Project Cost
- Above 28 nm to 45nm – Up to 40% of the Project Cost
- Above 45 nm to 65nm – Up to 30% of the Project Cost
Scheme for setting up of Display Fabs in India
Provides fiscal support to eligible applicants for setting up of Display Fabs which is aimed at attracting large investments for setting up TFT LCD / AMOLED based display fabrication facilities in the country. The Scheme provides fiscal support of up to 50% of Project Cost subject to a ceiling of INR 12,000 crore per Fab.
Scheme for setting up of Compound Semiconductors / Silicon Photonics / Sensors Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP) / OSAT facilities in India
The Scheme provides a fiscal support of 30% of the Capital Expenditure to the eligible applicants for setting up of Compound Semiconductors / Silicon Photonics (SiPh) / Sensors (including MEMS) Fab and Semiconductor ATMP / OSAT facilities in India.
Design Linked Incentive (DLI) Scheme
It offers financial incentives, design infrastructure support across various stages of development and deployment of semiconductor design for Integrated Circuits (ICs), Chipsets, System on Chips (SoCs), Systems & IP Cores and semiconductor linked design. The scheme provides “Product Design Linked Incentive” of up to 50% of the eligible expenditure subject to a ceiling of ₹15 Crore per application and “Deployment Linked Incentive” of 6% to 4% of net sales turnover over 5 years subject to a ceiling of ₹30 Crore per application.
India is paving its way to the super power nation by initiating the India Semiconductor Mission. It will accelerate the growth of IT sector; electronics manufacture sector as well as the overall development of the country. It will be boom to the many sectors in India through this mission. As a competitive exam aspirant, you need to understand the mission, remember its particulars and reproduce it at the event of exam. Enroll at entri app for more updated general awareness. Keep studying keep winning