India Semiconductor Mission:
The Union Cabinet recently gave the green light to Kaynes Semicon Pvt Ltd to establish a new semiconductor unit in Sanand, Gujarat, which is the fifth semiconductor unit to be approved under the India Semiconductor Mission (ISM).
- ISM is a specialized and independent Business Division within the Digital India Corporation.
- It aims to build a vibrant semiconductor and display ecosystem to enable India’s emergence as a global hub for electronics manufacturing and design.
- ISM has all the administrative and financial powers and is tasked with the responsibility of catalysing the India Semiconductor ecosystem in manufacturing, packaging, and design.
- ISM has an advisory board consisting of some of the leading global experts in the field of semiconductors.
- ISM has been working as a nodal agency for the schemes approved under the Semicon India Programme.
