The government is expecting 15 to 20 companies to be supported in each category that is Compound Semiconductor and ATMP. It will provide up to 50 percent of Project cost for two semiconductor and two display fabs in the country
The government of India has launched a new portal solely dedicated to the India Semiconductor Mission. This portal will serve as one window for all the works related to applications for the recently announced semiconductors program in the country.
“A dedicated portal (ism.gov.in) for the ISM shall serve as a single window for registering and filing applications under the three schemes viz. (i) Scheme for setting up of Semiconductor Fabs in India; (ii) Scheme for setting up of Display Fabs in India; and (iii) Scheme for setting up of Compound Semiconductors / Silicon Photonics / Sensors Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP) / OSAT facilities in India,” wrote Saurabh Gaur, Joint Secreatry, MeitY on a social media post.
The Union Cabinet has recently approved the comprehensive program for the development of sustainable semiconductor and display ecosystem in the country. The program, as per the government, will usher in a new era in electronics manufacturing by providing a globally competitive incentive package to companies in semiconductors and display manufacturing as well as design.
The programme aims to provide attractive incentive support to companies / consortia that are engaged in Silicon Semiconductor Fabs, Display Fabs, Compound Semiconductors / Silicon Photonics / Sensors (including MEMS) Fabs, Semiconductor Packaging (ATMP / OSAT), Semiconductor Design. Union Cabinet has also approved that Ministry of Electronics and Information Technology will take requisite steps for modernization and commercialization of Semi-conductor Laboratory (SCL). MeitY will explore the possibility for the Joint Venture of SCL with a commercial fab partner to modernize the brownfield fab facility.
The government is expecting 15 to 20 companies to be supported in each category that is Compound Semiconductor and ATMP. It will provide up to 50 percent of Project cost for two semiconductor and two display fabs in the country. The Application window starts January 1 and will be open for 45 days. Support under the scheme shall be provided on pari-passu basis for a period of six years. The capital investment threshold stands at a minimum of ₹20,000 crore, while the revenue threshold is at a minimum of Rs 7,500 Crore in any of the three financial years preceding the year of submission. India presently relies completely on imports for meeting its semiconductor needs.