Firms can submit proposals for semiconductor fabs, display units from Jan 1

Companies can submit proposals for setting up semiconductor and display manufacturing units from January 1

Information Technology Minister Ashwini Vaishnaw launched the India Semiconductor Mission on Wednesday. Speaking to journalists, Vaishnaw said that companies which are interested in tapping the Rs 76,000-crore incentives earmarked, by the centre, for development of semiconductors and display manufacturing ecosystem in India can begin applying for the same from January 1.

“The schemes have been notified and uploaded on the website. A portal for the same has been prepared for receiving the applications. Come January 1, 2022 onwards, we will start receiving the applications,” Vaishnaw said.

The India Semiconductor Mission (ISM) is a specialized and independent Business Division within the