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Finance Ministry clears over ₹1 lakh cr for India Semiconductor Mission 2.0; Cabinet nod likely soon

The Finance Ministry has cleared an allocation of over ₹1 lakh crore for the second phase of the India Semiconductor Mission (ISM 2.0), sources told CNBC-TV18. Following the approval, the government is likely to move a Cabinet note soon to seek final clearance. The proposal is expected to be placed before the Cabinet for consideration … Read more

PM Modi to inaugurate ₹3,300 crore Kaynes Semicon OSAT unit in Sanand on March 31

Prime Minister Narendra Modi will inaugurate Kaynes Semicon’s Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand on Tuesday, March 31, in a move aimed at strengthening India’s semiconductor ecosystem. The project, cleared by the Union Cabinet on September 23, 2024, under the India Semiconductor Mission, involves an investment of ₹3,300 crore. The OSAT unit … Read more

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