India’s semiconductor ambitions are entering a new phase. The Union Cabinet on July 15 approved the second phase of the India Semiconductor Mission (ISM 2.0) with a ₹1.27 lakh crore outlay — nearly 1.7 times the ₹76,000 crore allocated under the first phase. But the significance of ISM 2.0 lies not just in the size … Read more
India can offer semiconductor companies cost savings of more than 10% compared with their current global locations, Amitesh Kumar Sinha, CEO of the India Semiconductor Mission (ISM), told CNBC-TV18. The cost advantage could come from a combination of government incentives that reduce capital expenditure, lower manpower costs, competitive power tariffs and the development of a … Read more
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
