India Semiconductor Mission, Pg11

Key Highlights:

• The Government of India launched the India Semiconductor Mission with a Rs. 76,000 crore incentive package.
• The mission aims to strengthen capabilities in fabrication, assembly, testing, marking, and packaging of semiconductors.
• India Semiconductor Mission 2.0 (ISM 2.0) was announced in the Union Budget 2026-27 with an additional allocation of Rs. 1,000 crore.
• The goal is to reduce import dependence and build domestic capacity across the semiconductor value chain.

Detailed Insights:

• The India Semiconductor Mission seeks to establish a robust semiconductor ecosystem in India, reducing reliance on foreign suppliers.
• ISM 2.0 focuses on expanding fabrication capacity, encouraging industry participation, and strengthening supply chains.
• The mission promotes research and development in the semiconductor sector, aligning with the Viksit Bharat@2047 vision.
• Gujarat is playing a leading role in implementing the national vision for semiconductor development.

Key Concepts Involved:

• Semiconductor: A material with electrical conductivity between a conductor and an insulator, used in electronic devices.
• Fabrication: The process of manufacturing semiconductor devices.
• Supply Chain: The network of organizations and activities involved in producing and delivering a product.