The upcoming $15 billion (around ₹1.3 trillion) second phase of the India Semiconductor Mission (ISM) is expected to carve out special incentives for micro, small, and medium enterprises (MSMEs), encouraging them to become suppliers of critical raw materials for global chipmakers, according to senior government officials.
“Our focus now is to help build homegrown raw material suppliers for semiconductor companies. That will be one of the focus areas of ISM 2. The overall priority remains on building a complete ecosystem for semiconductors,” one official said.
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